Blockchain identity management provides a decentralized and secure solution. Using blockchain identity management technology, industries such as retail, healthcare, BFSI and others can easily access real-time information on individuals or specific entities for any type of authentication. Moreover, the requirement to build transaction transparency and trust between parties is a fundamental reason for boosting the demand of the blockchain identity management and impelling market growth.
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The market is segmented based on Segmentation, By Component (Software, Solution), Networks (Permissioned, Permissionless), Provider (Application Providers, Middleware Providers, Infrastructure Providers), Organization Size (Large Enterprises, Small Enterprises, Medium-Sized Enterprises), Industry (BFSI, Government, Healthcare and Life Sciences, Telecom and IT, Retail and E-Commerce, Transport and Logistics, Real Estate, Media and Entertainment, Travel and Hospitality, Others) – Industry Trends and Forecast to 2031.
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The North America Blockchain Identity Management Market size was valued at USD 885.06 USD Billion in 2023.
The North America Blockchain Identity Management Market is projected to grow at a CAGR of 53.1% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America.
