Global Blockchain Identity Management Market 2018-2022 to Post a CAGR of 81% | Technavio

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Technavio analysts forecast the global blockchain identity management market to register a CAGR of over 81%, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-on-year growth.

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Technavio has published a new market research report on the global blockchain identity management ma ...

Technavio has published a new market research report on the global blockchain identity management market from 2018-2022. (Graphic: Business Wire)

The growth of quantum computing is one of the major trends being witnessed in the global blockchain identity management market 2018-2022. Quantum computing refers to the use of quantum-mechanical phenomena, such as superposition and quantum entanglement for data processing and computation purposes. Instead of bits, which conventional computers use for data processing, quantum computers use qubits. These qubits can store a considerably large amount of data and perform exponentially fast computing while using less energy. Currently, a few organizations are developing quantum-based block-chain solutions. Moreover, these systems will allow for a more future-proof block-chain technology, which would maintain data security for end-users and be impossible to hack. Thus, these advantages are expected to lead the overall market towards a positive outlook during the forecast period.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the global blockchain identity management market is the proliferation of online services and cloud applications:

Global blockchain identity management market: proliferation of online services and cloud applications

Blockchain identity management can provide a single sign-on capability across all online services and platforms. This will eliminate the resetting and managing of various password. Blockchain identity management services allow end-users to manage access to all their accounts and applications using a single user identity and authentication factor. This saves the end-user significant time while accessing their services across multi-domain cloud-based or virtual applications.

According to a senior analyst at Technavio for research on IT professional services, “The demand for online security and increase in cybersecurity regulations are two factors that are expected to boost the growth of the market in the next five years as several enterprises would adopt the blockchain application for convenient and efficient functioning of the organization.”

Global blockchain identity management market: Segmentation analysis

The global blockchain identity management market research report provides market segmentation by application (end-point, network, and infrastructure), by end-user (BFSI), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting for over 41% share, followed by the EMEA and APAC respectively. The US recorded substantial investment and private funding in the blockchain identity management and other blockchain-related technologies in the recent years, which contributed to the high market share of the Americas.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists 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.

If you are interested in more information, please contact our media team at media@technavio.com.

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Business Wire: 12:23 GMT Friday 10th August 2018

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