NEW YORK, June 21, 2022 /PRNewswire/ — The blockchain identity management market share is expected to increase by USD 3.58 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 70.8%. The blockchain identity management market is categorized by Technavio as a part of the global data processing and outsourced services market within the global IT services market. blockchain identity management market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.
Learn more about factors influencing the market as you Read this sample copy
Blockchain Identity Management Market: Key Drivers
The increasing demand for digitalization is driving the blockchain identity management market Several industries, including healthcare, consumer products, manufacturing, and retail, are increasingly adopting digitalization globally. Owing to this industry IT resources are becoming more vulnerable to cyberattacks. As a result, there is a greater demand for blockchain identity management systems that help in avoiding cyberattacks. Furthermore, technical advancements such as the incorporation of chatbots in customer service apps and the global adoption of the bring your own device (BYOD) policy have raised the necessity for proactive cyberattack protection. The popularity of the Bring Your Own Device (BYOD) policy is increasing across all industries as it allows employees to access corporate data using personal devices such as and laptops. Owing to the growing popularity of the BYOD policy, firms such as QlikTech International AB (QlikTech), VMware Inc. (VMware), and Parallels International GmbH (Parallels International) have developed a variety of BYOD solutions. When workers access corporate information on their own devices, such as cellphones, the solution assures security. As a result, various industries are integrating digitalization-based processes, which is propelling the worldwide blockchain identity management solutions market forward.
View market report outlook to know more about factors driving the market
Blockchain Identity Management Market: Key Challenges
High price and complexity in integration of application software computing are expected to be a major hindrance to the blockchain identity management market during the forecast period. Enterprise application software solutions are expensive due to the high costs associated with the licensing and development. Furthermore, prices are decided on the basis of the features of an application software not on the basis of the individual features used by customers. However, the high price of application software restricts organizations from purchasing such solutions or delays their purchase decisions, and limits market growth. Furthermore, enterprises use different applications such as TMS, CRM, and SCM, and integrating a new ERP with the existing applications becomes difficult. In addition, the increase in popularity of Software as a Service (SaaS) in the market is further leading to the integration of SAP with cloud-based applications. However, technological differences between SAP and cloud-based applications create integration issues. Numerous applications are available for different purposes. In each case, the technology used is different, thereby making the integration complex.
Product Insights and News
The blockchain identity management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, Accenture Plc., a leading vendor, acquired Industrie & Co to help Australian clients maximize Cloud First Investments and transform them into digital businesses. Another vendor, Amazon.com Inc. partnered with Vodafone to launch ‘edge computing’ in the UK.
Vendor Insights
The report identifies the following as the dominant vendors in the market:
Accenture Plc
Amazon.com Inc.
Bitfury Group Ltd.
BLOCKCHAINS LLC
Broadcom Inc.
Civic Technologies Inc.
International Business Machines Corp.
Oracle Corp.
SAP SE
SecureKey Technologies Inc.
Blockchain Identity Management Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 70.8%
Market growth 2021-2025
$ 3.58 billion
Market structure
Fragmented
YoY growth (%)
55.46
Regional analysis
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 35%
Key consumer countries
US, UK, Canada, Germany, and Japan
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., BLOCKCHAINS LLC, Broadcom Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Get your report sample copy to unlock scope and parent market analysis insights
North America’s Contribution to Blockchain Identity Management Market
The increase in demand for digitalization is expected to propel the blockchain identity management market growth in North America over the forecast period. The region is expected to contribute 35% of market growth as countries such as the US, and Canada are the key markets for the blockchain identity management market. Market growth in North America is expected to be higher than the growth of the market in other regions.
Download your sample copy and know more about the market contribution in North America
Market Segmentation
The blockchain identity management market is divided by end-user into the BFSI segment, government segment, healthcare segment, and others segment. The BFSI segment is expected to be the major contributor to the market during the forecast period.  The adoption of digital payments and use of technologies such as machine learning, and artificial intelligence in the global banking system is expected to increase the demand for more secure network connections and drive market growth during the forecast period.
Key Highlights
CAGR of the market during the forecast period 2021-2025
Comprehensive details of factors that will challenge the growth of blockchain identity management market vendors
Detailed information on factors that will drive blockchain identity management market growth during the next five years
Accurate predictions on upcoming trends and changes in consumer behavior
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Precise estimation of the blockchain identity management market size and its contribution to the parent market
The growth of the blockchain identity management industry across North America, Europe, APAC, South America, and MEA
Related Reports:
Data Center Colocation Market by Type and Geography – Forecast and Analysis 2022-2026 Download your sample
Sensor Fusion Market by Technology and Geography – Forecast and Analysis 2022-2026 Download your sample
Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
2.2 Value chain analysis
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Application
5.1 Market segments
5.2 Comparison by Application
5.3 End-point – Market size and forecast 2020-2025
5.4 Network – Market size and forecast 2020-2025
5.5 Infrastructure – Market size and forecast 2020-2025
5.6 Market opportunity by Application
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End user
6.3 BFSI – Market size and forecast 2020-2025
6.4 Government – Market size and forecast 2020-2025
6.5 Healthcare – Market size and forecast 2020-2025
6.6 Others – Market size and forecast 2020-2025
6.7 Market opportunity by End user
7 Customer landscape
7.1 Overview
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 North America – Market size and forecast 2020-2025
8.4 Europe – Market size and forecast 2020-2025
8.5 APAC – Market size and forecast 2020-2025
8.6 South America – Market size and forecast 2020-2025
8.7 MEA – Market size and forecast 2020-2025
8.8 Key leading countries
8.9 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Landscape disruption
10.3 Competitive Scenario
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 Accenture Plc
11.4 Amazon.com Inc.
11.5 Bitfury Group Ltd.
11.6 BLOCKCHAINS LLC
11.7 Broadcom Inc.
11.8 Civic Technologies Inc.
11.9 International Business Machines Corp.
11.10 Oracle Corp.
11.11 SAP SE
11.12 SecureKey Technologies Inc.
12 Appendix
12.1 Scope of the report
12.2 Currency conversion rates for US$
12.3 Research methodology
12.4 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library and its client base consist of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/blockchain-identity-management-market-to-grow-at-a-cagr-of-70-8driven-by-rising-demand-for-digitization-technavio-301570860.html
SOURCE Technavio
The cereal giant plans to split into three companies — one focused on global snacking and food, another on North American cereal sales, and a pure-play on plant-based snacking.
(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingRally Builds After $2 Trillion Wipeout; Yields Up: Markets Wrap
Wall Street is nervous a recession is right around the corner. But analysts think some S&P 500 companies have sunk into one already.
Question: Eight years ago I hired a financial advisor because the rounds of layoffs at work were coming more regularly, and I wanted to know if my savings were enough for me to retire. The financial advisor began managing some of my accounts for me for a fee of 1%.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
The founder of ARK Invest, Wall Street's best-known tech sector evangelist, warns leading economic indicators are flashing red.
Yahoo Finance Live anchors discuss Kellogg’s decision to split into three independent companies.
With its stock down 27% over the past three months, it is easy to disregard Himax Technologies (NASDAQ:HIMX). But if…
When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.
(Reuters) -Former Tesla Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notice of the job cuts. The lawsuit was filed late Sunday in Texas by two workers who said they were terminated from Tesla's gigafactory plant in Sparks, Nevada, in June. According to the suit, more than 500 employees were terminated at the Nevada factory.
Yahoo Finance Live anchors discuss the Tesla’s plans to proceed with layoffs.
Big Macs and McFlurrys may be off the menu at McDonald's successor restaurants in Russia, but the new firm has ambitious growth targets after it sold almost 120,000 burgers, a record, on its opening day, its chief executive told Reuters. McDonald's Corp has fully exited Russia, selling all the restaurants it owned to a local licensee in May. Under new name Vkusno & tochka, or "Tasty and that's it," 50 restaurants in and around Moscow reopened on June 12 and June 13. Chief Executive Oleg Paroev is keen to add locations, but acknowledged the challenge of replacing some ingredients and suppliers, as well as dealing with other franchisees still using McDonald's branding.
Last week, the Fed’s open market committee raised its benchmark interest rate by 0.75%, the largest such increase in almost 30 years. The move marks a shift to an aggressive stance against inflation, and an attempt by the Fed to head off a potential recession. In fact, preliminary data leaked from the Atlanta Fed earlier in the week showed that the US is in a technical recession. While official numbers won’t be released until after the second quarter ends, the early numbers show that 2Q22 will e
The Japanese yen plunged on Tuesday to the lowest levels versus the U.S. dollar since October 1998, as the Bank of Japan's ultra-loose monetary policy stance continued to weigh. The yen dropped 0.9% to a new 24-year low of 136.330 per dollar, extending losses which have already seen it shed more than 18% of its value versus the greenback this year. "The trend is your friend after the Bank of Japan last Friday stuck to its ultra-dovish policy mantra," said Kenneth Broux, an FX strategist at Societe Generale.
Just a few months ago real estate was flying high. But with mortgage rates rising, brokers are already seeing a sharp slowdown in buyers. The big builders are better positioned to weather a recession.
Considering where Zoom shares are trading now, even Ark's bearish scenario implies plenty of upside ahead.
The S&P 500 has plunged over 23%, but a stock market downturn isn’t the only thing to worry about.
(Bloomberg) — The US should do more to attract overseas chipmakers to build plants on its territory as a matter of national security, former Google chief Eric Schmidt wrote in an opinion piece published Monday.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingRally Builds After $2 Trillion Wipeout; Yields Up: Markets Wrap
Insiders who purchased Annaly Capital Management, Inc. ( NYSE:NLY ) shares in the past 12 months are unlikely to be…
(Bloomberg) — Equities have yet to fully price in the risk of a recession and may have further to fall, according to Morgan Stanley and Goldman Sachs Group Inc. strategists.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingRally Builds After $2 Trillion Wipeout; Yields Up: Markets WrapHousing’s Slowdown Has Economy on the

source

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *