Blockchain Identity Management Market Report 2025

This Blockchain Identity Management market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The blockchain identity management market size has grown exponentially in recent years. It will grow from $2.8 billion in 2024 to $4.91 billion in 2025 at a compound annual growth rate (CAGR) of 75.2%. The growth in the historic period can be attributed to rising concerns over data privacy, growing cybersecurity threats, regulatory compliance requirements, the proliferation of digital transactions, trust and transparency, cost efficiency, and interoperability needs.

The blockchain identity management market size is expected to see exponential growth in the next few years. It will grow to $45.92 billion in 2029 at a compound annual growth rate (CAGR) of 74.9%. The growth in the forecast period can be attributed to the emergence of decentralized identity standards, integration with emerging technologies, a focus on user-centric identity solutions, industry collaboration and consortia, regulatory evolution, globalization, and cross-border identity management. Major trends in the forecast period include interoperable identity solutions, convergence with DEFI, a focus on privacy-enhancing technologies, AI and machine learning integration, blockchain governance models, the emergence of tokenized identity, and regulatory sandbox initiatives.

The anticipated increase in data security concerns is set to drive the growth of the blockchain identity management market in the coming years. Data security concerns encompass issues related to safeguarding data from unauthorized access, breaches, theft, and corruption. The rising prevalence of data security concerns can be attributed to several factors, including the growing sophistication of cyber threats, the expanding digital presence of individuals and organizations, the proliferation of interconnected devices and IoT systems, and the increased reliance on cloud services and remote work setups. Blockchain technology plays a pivotal role in enhancing digital identity management by offering decentralized, immutable, and cryptographically secure solutions, thereby significantly reducing the risk of cyber threats and enhancing data security. For example, in January 2023, Check Point, an Israel-based software security provider, reported a 38% increase in global cyberattacks in 2022 compared to 2021, with the communications industry experiencing an average of 1,380 attacks per organization per week, marking a 27% increase from the previous year. Similarly, the Internet service provider/managed service provider (ISP/MSP) industry encountered an average of 1,372 attacks per organization per week in 2022, reflecting a 28% increase from the previous year. Thus, the growing concern regarding data security is fueling the growth of the blockchain identity management market.

Major companies in the blockchain identity management market are increasingly forming strategic partnerships to enhance their compliance and risk management services in the digital asset space, which includes identity verification and management. Strategic partnerships involve companies combining their strengths and resources to achieve shared goals. For example, in November 2022, K2 Integrity, a US-based risk advisory firm, partnered with TRM Labs, a US-based blockchain intelligence company. Through this partnership, TRM Labs’ blockchain forensics and compliance tools were integrated with K2 Integrity’s deep expertise in risk management, investigations, and compliance advisory. This collaboration is designed to help global institutions and public sector authorities assess risks associated with virtual assets and implement effective mitigation strategies. The partnership also aims to bridge the gap between traditional finance (TradFi), virtual asset service providers, and public sector agencies, fostering the secure and scalable growth of blockchain and virtual assets.

In March 2022, Avast Software Inc., a Czech Republic-based company providing software solutions, acquired SecureKey Technologies Inc. to broaden its identity product and service offerings, aligning with its vision of digital freedom. This acquisition aims to empower users with greater control over personal data, simplify access to online services, and establish a new trust layer for the internet. SecureKey Technologies Inc., based in Canada, specializes in providing security authentication technologies and services, including blockchain identity management.

Major companies operating in the blockchain identity management market are Microsoft Corporation, Amazon Web Services Inc. (AWS), International Business Machines Corporation (IBM), Oracle Corporation, NEC Corporation, Unum ID Inc., Wipro Limited, SpringRole Inc., Bitfury Group Limited, Dock Labs AG, Antier Solutions Private Limited, Civic Technologies Inc., Evernym Inc., Jolocom GmbH, BTL Group, Blockpass IDN Ltd., Blockstack PBC, ConsenSys, Symbiont Inc, Sovrin Foundation Inc., SelfKey Foundation Ltd., Factom Inc., ChainGuardian Inc., Netki Inc., ShoCard Inc.

North America was the largest region in the blockchain identity management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain identity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the blockchain identity management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Blockchain identity management utilizes blockchain technology to establish a secure and decentralized method for handling digital identities. It ensures that identity data remains unalterable, verifiable, and accessible solely to authorized entities, thereby minimizing the risk of identity theft, enhancing privacy, and granting users greater control over their personal information.

In terms of offerings, blockchain identity management encompasses both software and services. Software comprises digital applications and systems tailored to manage identity-related functions such as verification, access control, and data security. These solutions are offered through networks that can be permissioned or permissionless, provided by various entities such as application providers, middleware providers, and infrastructure providers. These services cater to enterprises across diverse industries including BFSI, government, retail, automotive, healthcare, and others.

The blockchain identity management market research report is one of a series of new reports that provides blockchain identity management market statistics, including blockchain identity management industry global market size, regional shares, competitors with an blockchain identity management market share, detailed blockchain identity management market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain identity management industry. This blockchain identity management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blockchain identity management market consists of revenues earned by entities providing services such as secure digital identity verification, decentralized authentication, fraud prevention, identity and access management, and compliance with privacy regulations. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain identity management market also includes sales of products such as identity verification software, decentralized identity wallets, blockchain-based authentication systems, biometric identity solutions, and hardware devices for secure identity storage. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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