Blockchain Identity Management Market to Reach USD 128.81 million with an 82.00% CAGR

 

Blockchain Identity Management Market Analysis and Size

With increasing digital age, people are becoming more dependent on online activities than offline activities. Now, people want power and control over their identities over with whom and how their information is shared. Blockchain identity management system is becoming a core building block for the authenticating and managing digital identities due to which the demand for this technology increases and enhances the market growth. 

Data Bridge Market Research analyses that the blockchain identity management market is expected to reach USD 128.81 million by 2030, which is USD 1.07 million in 2022, at a CAGR of 82.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Get the sample copy of the report :

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-blockchain-identity-management-market


Market Definition

Blockchain identity management is a process of providing a secure and decentralized solution which delivers real-time information about an entity or a person through distributed trust paradigm. It allows decentralized public key infrastructure (DPKI) to create a trusted medium and tamper-proof to distribute the encryption keys and asymmetric verification of the identity holders. It simplifies processes for customers by decreasing the manual efforts and time required for issuing identities. 

Global Blockchain Identity Management Market Scope

The blockchain identity management market is segmented on the basis of component, application, networks, provider, organization size and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.


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