세계의 블록체인 ID 관리 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of blockchain identity management Market

The global blockchain identity management market is undergoing rapid transformation as businesses and governments shift toward decentralized, privacy-centric digital identity frameworks. According to the latest report, the market size reached USD 1.10 billion in 2024, reflecting strong adoption across BFSI, government, telecom, and healthcare sectors. The momentum is expected to increase significantly, pushing the market to USD 1.57 billion by 2025. By 2032, the industry is projected to reach an impressive USD 118.96 billion, growing at an exceptionally high CAGR of 85.60% during 2025-2032. This exponential rise underscores the growing demand for secure, tamper-proof, and user-centric identity systems worldwide.

In 2024, North America emerged as the dominant region, capturing 42.73% of the global share, driven by early adoption of blockchain technology, strong regulatory frameworks, and significant government-backed initiatives aimed at improving citizen identity and cybersecurity.

Key Market Insights

Blockchain identity management leverages decentralized ledger technology to secure, verify, and manage digital identities without central authorities. Each identity is tied to unique cryptographic keys, enabling users to control access to their personal data while ensuring that no unauthorized modifications can occur. This decentralized approach eliminates the vulnerability associated with traditional centralized databases and provides enhanced transparency and tamper-proof verification.

Leading industry players-including Bitfury, DockLabs, Microsoft, IBM, and Oracle-are investing in technologically advanced and secure identity platforms to strengthen market positioning in this fast-growing ecosystem.Impact of Recent Tariff Rates

The 104% U.S. tariff on Chinese imports introduced in April 2025 is expected to influence market growth by restricting Chinese blockchain and AI companies' penetration in global markets. These tariffs increase uncertainty, elevate operational expenses, and potentially limit investments in blockchain identity startups. As a result, countries such as India and Israel may leverage opportunities to fill market gaps in Asia and the MENA region.

Market Trends

A key market trend is the rising use of NFTs (Non-Fungible Tokens) for identity representation. NFTs can store encrypted identifiers, certification details, membership credentials, and reputation scores. In June 2024, Fiat24 partnered with ONTO Wallet to launch NFT-powered digital banking, signaling the increasing role of decentralized identity (DID) integration in financial services. Soulbound Tokens (SBTs)-non-transferable NFTs-are also emerging as powerful tools for preventing identity trading, ensuring authenticity, and building trust.

Market Dynamics

Drivers - Rising Global Identity Theft Cases

Increasing identity fraud and cyberattacks have pushed organizations and governments to adopt tamper-proof identity systems. Centralized databases often serve as single-point failure systems, while blockchain distributes identity data across multiple nodes, reducing breach risks significantly. This surge in cyber threats is a major driver accelerating blockchain identity adoption.

Restraints - Public Perception Barriers

Blockchain identity adoption faces challenges due to general public skepticism and association of blockchain with volatile cryptocurrencies. Regulatory concerns and failures of crypto companies have elevated mistrust. For example, the U.K. Treasury Committee reported that 85% of crypto companies applying for FCA approval in 2023 failed compliance requirements, intensifying consumer hesitation.

Opportunities - Government Digital Identity Programs

Governments are investing heavily in digital ID systems based on blockchain. In January 2025, Malaysia launched the MyDigital ID Superapp, advancing nationwide secure digital identity transformation. Such initiatives create large-scale opportunities for vendors offering blockchain-based identity solutions.

Regional Outlook

North America

North America recorded USD 0.35 billion in 2023 and is projected to reach USD 0.47 billion in 2025, driven by DHS-backed blockchain programs and strong VC funding ecosystems. The U.S. alone is expected to hit USD 0.46 billion in 2025.

Europe

Europe is forecast to reach USD 0.33 billion in 2025, supported by national digital identity rollouts such as Italy's EUDI Wallet and robust adoption across banking and healthcare.

Asia Pacific

Asia Pacific is projected to reach USD 0.31 billion in 2025 and record the highest CAGR through 2032, driven by major digital economies like China (USD 0.14 billion in 2025), India (USD 0.07 billion), and Japan (USD 0.04 billion).

Conclusion

With a projected leap from USD 1.10 billion in 2024 to nearly USD 118.96 billion by 2032, the blockchain identity management market is entering a hyper-growth phase. Growing cyber threats, government digital identity initiatives, decentralized frameworks, and innovative use of NFTs and SSI technologies will continue shaping the future of secure digital identity worldwide.

Segmentation By Component

• Software
• Services

By Network Insights

• Permissioned
• Permissionless

By Provider Type

• Application Provider
• Middleware Provider
• Infrastructure Provider

By Enterprise Type

• Large Enterprises
• Small and Medium Enterprises (SMEs)

By Vertical

• BFSI
• Energy & Utilities
• Government
• Healthcare and Life Sciences
• Manufacturing
• Telecom, Media & Entertainment
• Retail, E-Commerce & Consumer Goods
• Logistics and Transportation
• Others (Education)

By Region

• North America (By Component, By Network Insights, By Provider Type, By Enterprise Type, By Vertical and By Country)
  • U.S.
  • Canada
  • Mexico
• Europe (By Component, By Network Insights, By Provider Type, By Enterprise Type, By Vertical and By Country)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Benelux
  • Nordics
  • Rest of Europe
• Asia Pacific (By Component, By Network Insights, By Provider Type, By Enterprise Type, By Vertical and By Country)
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific
• Middle East and Africa (By Component, By Network Insights, By Provider Type, By Enterprise Type, By Vertical and By Country)
  • Turkey
  • Israel
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA
• South America (By Component, By Network Insights, By Provider Type, By Enterprise Type, By Vertical and By Country)
  • Brazil
  • Argentina
  • Rest of South America

Companies Profiled in the Report Bitfury (U.K.), Dock Labs AG (U.S.), Humanity Protocol (Hong Kong), Validated ID (Spain), Peer Ledger Inc. (Canada), Tradle (U.S.), IBM Corporation (U.S.), AWS (U.S.), Oracle (U.S.), Microsoft (U.S.) and LeewayHertz (U.S.)

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends
• 3.3. Impact of Reciprocal Tariff

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Blockchain Identity Management Key Players' Market Share/Ranking, 2024

5. Global Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Component (USD)
  • 5.2.1. Software
  • 5.2.2. Services
• 5.3. By Network Insights (USD)
  • 5.3.1. Permissioned
  • 5.3.2. Permissionless
• 5.4. By Provider Type (USD)
  • 5.4.1. Application Provider
  • 5.4.2. Middleware Provider
  • 5.4.3. Infrastructure Provider
• 5.5. By Enterprise Type (USD)
  • 5.5.1. Large Enterprises
  • 5.5.2. Small and Medium Enterprises (SMEs)
• 5.6. By Vertical (USD)
  • 5.6.1. BFSI
  • 5.6.2. Energy & Utilities
  • 5.6.3. Government
  • 5.6.4. Healthcare and Life Sciences
  • 5.6.5. Manufacturing
  • 5.6.6. Telecom, Media & Entertainment
  • 5.6.7. Retail, E-Commerce, & Consumer Goods
  • 5.6.8. Logistics and Transportation
  • 5.6.9. Others (Education, etc.)
• 5.7. By Region (USD)
  • 5.7.1. North America
  • 5.7.2. Europe
  • 5.7.3. Asia Pacific
  • 5.7.4. Middle East & Africa
  • 5.7.5. South America

6. North America Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Component (USD)
  • 6.2.1. Software
  • 6.2.2. Services
• 6.3. By Network Insights (USD)
  • 6.3.1. Permissioned
  • 6.3.2. Permissionless
• 6.4. By Provider Type (USD)
  • 6.4.1. Application Provider
  • 6.4.2. Middleware Provider
  • 6.4.3. Infrastructure Provider
• 6.5. By Enterprise Type (USD)
  • 6.5.1. Large Enterprises
  • 6.5.2. Small and Medium Enterprises (SMEs)
• 6.6. By Vertical (USD)
  • 6.6.1. BFSI
  • 6.6.2. Energy & Utilities
  • 6.6.3. Government
  • 6.6.4. Healthcare and Life Sciences
  • 6.6.5. Manufacturing
  • 6.6.6. Telecom, Media & Entertainment
  • 6.6.7. Retail, E-Commerce, & Consumer Goods
  • 6.6.8. Logistics and Transportation
  • 6.6.9. Others (Education, etc.)
• 6.7. By Country (USD)
  • 6.7.1. United States
  • 6.7.2. Canada
  • 6.7.3. Mexico

7. Europe Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Component (USD)
  • 7.2.1. Software
  • 7.2.2. Services
• 7.3. By Network Insights (USD)
  • 7.3.1. Permissioned
  • 7.3.2. Permissionless
• 7.4. By Provider Type (USD)
  • 7.4.1. Application Provider
  • 7.4.2. Middleware Provider
  • 7.4.3. Infrastructure Provider
• 7.5. By Enterprise Type (USD)
  • 7.5.1. Large Enterprises
  • 7.5.2. Small and Medium Enterprises (SMEs)
• 7.6. By Vertical (USD)
  • 7.6.1. BFSI
  • 7.6.2. Energy & Utilities
  • 7.6.3. Government
  • 7.6.4. Healthcare and Life Sciences
  • 7.6.5. Manufacturing
  • 7.6.6. Telecom, Media & Entertainment
  • 7.6.7. Retail, E-Commerce, & Consumer Goods
  • 7.6.8. Logistics and Transportation
  • 7.6.9. Others (Education, etc.)
• 7.7. By Country (USD)
  • 7.7.1. United Kingdom
  • 7.7.2. Germany
  • 7.7.3. France
  • 7.7.4. Italy
  • 7.7.5. Spain
  • 7.7.6. Russia
  • 7.7.7. Benelux
  • 7.7.8. Nordics
  • 7.7.9. Rest of Europe

8. Asia Pacific Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Component (USD)
  • 8.2.1. Software
  • 8.2.2. Services
• 8.3. By Network Insights (USD)
  • 8.3.1. Permissioned
  • 8.3.2. Permissionless
• 8.4. By Provider Type (USD)
  • 8.4.1. Application Provider
  • 8.4.2. Middleware Provider
  • 8.4.3. Infrastructure Provider
• 8.5. By Enterprise Type (USD)
  • 8.5.1. Large Enterprises
  • 8.5.2. Small and Medium Enterprises (SMEs)
• 8.6. By Vertical (USD)
  • 8.6.1. BFSI
  • 8.6.2. Energy & Utilities
  • 8.6.3. Government
  • 8.6.4. Healthcare and Life Sciences
  • 8.6.5. Manufacturing
  • 8.6.6. Telecom, Media & Entertainment
  • 8.6.7. Retail, E-Commerce, & Consumer Goods
  • 8.6.8. Logistics and Transportation
  • 8.6.9. Others (Education, etc.)
• 8.7. By Country (USD)
  • 8.7.1. China
  • 8.7.2. Japan
  • 8.7.3. India
  • 8.7.4. South Korea
  • 8.7.5. ASEAN
  • 8.7.6. Oceania
  • 8.7.7. Rest of Asia Pacific

9. Middle East & Africa Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Component (USD)
  • 9.2.1. Software
  • 9.2.2. Services
• 9.3. By Network Insights (USD)
  • 9.3.1. Permissioned
  • 9.3.2. Permissionless
• 9.4. By Provider Type (USD)
  • 9.4.1. Application Provider
  • 9.4.2. Middleware Provider
  • 9.4.3. Infrastructure Provider
• 9.5. By Enterprise Type (USD)
  • 9.5.1. Large Enterprises
  • 9.5.2. Small and Medium Enterprises (SMEs)
• 9.6. By Vertical (USD)
  • 9.6.1. BFSI
  • 9.6.2. Energy & Utilities
  • 9.6.3. Government
  • 9.6.4. Healthcare and Life Sciences
  • 9.6.5. Manufacturing
  • 9.6.6. Telecom, Media & Entertainment
  • 9.6.7. Retail, E-Commerce, & Consumer Goods
  • 9.6.8. Logistics and Transportation
  • 9.6.9. Others (Education, etc.)
• 9.7. By Country (USD)
  • 9.7.1. Turkey
  • 9.7.2. Israel
  • 9.7.3. GCC
  • 9.7.4. North Africa
  • 9.7.5. South Africa
  • 9.7.6. Rest of MEA

10. South America Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Component (USD)
  • 10.2.1. Software
  • 10.2.2. Services
• 10.3. By Network Insights (USD)
  • 10.3.1. Permissioned
  • 10.3.2. Permissionless
• 10.4. By Provider Type (USD)
  • 10.4.1. Application Provider
  • 10.4.2. Middleware Provider
  • 10.4.3. Infrastructure Provider
• 10.5. By Enterprise Type (USD)
  • 10.5.1. Large Enterprises
  • 10.5.2. Small and Medium Enterprises (SMEs)
• 10.6. By Vertical (USD)
  • 10.6.1. BFSI
  • 10.6.2. Energy & Utilities
  • 10.6.3. Government
  • 10.6.4. Healthcare and Life Sciences
  • 10.6.5. Manufacturing
  • 10.6.6. Telecom, Media & Entertainment
  • 10.6.7. Retail, E-Commerce, & Consumer Goods
  • 10.6.8. Logistics and Transportation
  • 10.6.9. Others (Education, etc.)
• 10.7. By Country (USD)
  • 10.7.1. Brazil
  • 10.7.2. Argentina
  • 10.7.3. Rest of South America

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. BItfury
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Dock Labs AG
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Humanity Protocol
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Validated ID
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Peer Ledger Inc
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Tradle
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. IBM Corporation
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. AWS
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Oracle Corporation
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Microsoft Corporation
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments

12. Key Takeaways