Blockchain Identity Software Market Scope
Blockchain empowers safer administration and storage of digital identities by giving bound together, interoperable, and sealed foundation with key advantages to ventures, clients, and IoT the board frameworks. Blockchain innovation gives a likely answer for the issue outlined through empowering individuals to store information on a blockchain, as opposed to hackable servers. Data, once put away on a blockchain, is secured cryptographically and can't be adjusted or erased, consequently making gigantic information penetrates truly challenging, if not hypothetically inconceivable. The benefits of blockchain identity software are it helps in eradicating current identity issues such as Inaccessibility, Data insecurity, and fraudulent identities.
The Blockchain Identity Software market study is segmented by Type (Cloud-Based and On-Premises), by Application (Small Scale Enterprise, Medium Scale Enterprise and Large Scale Enterprise) and major geographies with country level break-up.
The Blockchain Identity Software market is a fragmented market with the availability of different players in the market. The companies are to increase their presence across emerging regions, increase investment in research and development activities and grow their revenue. Also, companies are making new collaborations with other companies to increase their technology scope and advancement in the technology. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Blockchain Identity Software market throughout the predicted period.
AWS (United States), Bitfury (United States), Oracle (United States), IBM (US), Microsoft (United States), Bitnation (Switzerland), Blockverify (United Kingdom), Cambridge Blockchain (United States), Civic Technologies (United States) and Evernym (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Factom (United States), KYC-Chain (Hong Kong), Netki (United States), Nodalblock (Spain) and Peer Ledger (Canada).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Blockchain Identity Software market by Type, Application and Region.
On the basis of geography, the market of Blockchain Identity Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
ON 8 October 2020, Ping Identity, a developer of intelligent identity management for enterprises, has acquired ShoCard, a startup focused on blockchain-based security, and unveiled plans to bring that technology to market next year integrated with Ping’s security platform.
On 30 April 2019, Amazon Web Services Inc. announced the general availability of Amazon Managed Blockchain, a fully managed service that makes it easy to create and manage scalable blockchain networks. Customers who want to allow multiple parties to execute transactions and maintain a cryptographically verifiable record of them without the need for a trusted, central authority can quickly set up a blockchain network spanning multiple AWS accounts with a few clicks in the AWS Management Console. Amazon Managed Blockchain scales to support thousands of applications and millions of transactions using popular open-source frameworks like Hyperledger Fabric and Ethereum.
- Increase in the technology advancement and implementation across the globe
- The rise in the self-sovereign identification
- Increase problems regarding the security increase need of the blockchain identity software
- Increase in the adoption of the blockchain identity software to secure the identity and solve the current identity-related problems
- Development of technology infrastructure in the emerging nations
- Increase technology research investment to develop new technology and reduce current technology errors
- Lack of common regulatory standards regarding technology application
- High cost of the technology development and implementation
- High cost of the research and development of technology
- Lack of skilled professionals in the industry
Key Target AudienceBlockchain technology solution vendors, Consulting firms, Independent Software Vendors (ISVs), Regulatory bodies, VARs and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Blockchain Identity Software Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.