블록체인 ID 관리 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별 및 용도별, 지역별 인사이트와 예측(2026-2034년)

Growth Factors of blockchain identity management Market

The global blockchain identity management market is projected for explosive growth, driven by rising identity theft, demand for secure digital identities, and government initiatives promoting tamper-proof verification. The market was valued at USD 1.57 billion in 2025 and is expected to grow from USD 2.36 billion in 2026 to a remarkable USD 207.12 billion by 2034, exhibiting a CAGR of 74.92% during the forecast period. North America dominated the market in 2025, accounting for 42.21% share, supported by early adoption, government-backed digital identity initiatives, and strong venture capital investment.

Blockchain identity management enables individuals to control their digital identities using cryptographic keys. This distributed ledger technology eliminates reliance on a central authority, reducing the risk of large-scale data breaches and enabling privacy-focused verification such as age confirmation without revealing full personal data. Leading market players, including Bitfury, Dock Labs, Microsoft, and IBM, continuously enhance security features and functionality to maintain competitive advantage.

Impact of Reciprocal Tariff Rates

Recent U.S. tariffs of 104% on Chinese imports (April 2025) may hinder market expansion, limiting Chinese blockchain firms' global reach. This creates opportunities for Indian and Israeli vendors to capture markets in Asia and the MENA region. However, higher operational costs and investment uncertainty could restrain startups in blockchain identity solutions.

Market Trends

A major trend in blockchain identity management is the use of Non-Fungible Tokens (NFTs) and Soulbound Tokens (SBTs) for identity authentication. NFTs can securely store personal identifiers, certifications, memberships, and reputation scores on the blockchain. For example, in June 2024, Fiat24 partnered with ONTO to enable NFT-powered digital banking, allowing users to manage assets with decentralized identity control.

Market Dynamics

Drivers: Rising global identity theft is compelling governments, businesses, and consumers to seek unhackable identity solutions. Blockchain's decentralized ledger ensures cryptographic security and distributed data storage, reducing single points of failure.

Restraints: Public skepticism and crypto market failures continue to impede adoption. Many consumers associate blockchain solely with volatile cryptocurrencies, causing hesitation in embracing blockchain identity solutions.

Opportunities: Government-backed digital ID initiatives provide lucrative growth potential. For instance, in January 2025, Malaysia launched the MyDigital ID Superapp, a blockchain-based platform to enhance citizen identity verification and prevent online fraud.

Segmentation Analysis

By Component: The service segment dominated in 2026 with 58.02% share, driven by demand for consulting, integration, and compliance services (GDPR, KYC, AML). The software segment maintains steady growth due to continuous updates and system enhancements.

By Network: Permissioned networks held 71.28% share in 2026 and are projected to grow at 86.40% CAGR, offering regulatory compliance and selective access control. Permissionless networks are expanding due to privacy benefits and decentralization.

By Provider Type: Application providers lead with 73.89% share in 2026, offering ready-to-use KYC and identity solutions. Infrastructure providers grow fastest (87.00% CAGR) as self-sovereign identity solutions demand decentralized infrastructure.

By Enterprise Type: SMEs dominate in 2025, offering focused and agile identity solutions. Large enterprises exhibit higher CAGR due to compliance with complex regulations and deployment at scale.

By Vertical: BFSI leads with 24% market share in 2025, addressing regulatory pressures, fraud, and cross-border operations. Healthcare & life sciences is projected to grow fastest (87.80% CAGR), with blockchain preventing medical fraud and ensuring secure patient identification.

Regional Outlook

North America dominated with USD 0.66 billion in 2025, projected at USD 0.99 billion in 2026, supported by government programs and venture funding. U.S. market alone is set to reach USD 0.69 billion in 2026.

Europe is the second-largest market, expected at USD 0.49 billion in 2026, with Germany at USD 0.11 billion and France at USD 0.05 billion in 2025. EU initiatives like the EUDI Wallet enhance decentralized digital identity adoption.

Asia Pacific is projected at USD 0.47 billion in 2026, with China at USD 0.22 billion and India at USD 0.10 billion, driven by fintech, e-commerce, and fraud-prevention needs.

Middle East & Africa is expected to reach USD 0.29 billion in 2026, fueled by national ID digitization initiatives. South America is emerging due to CBDC adoption and government digitization programs.

Competitive Landscape

Key players include IBM, Microsoft, Oracle, AWS, NEC, Bitfury, Dock Labs, Ping Identity, LeewayHertz, and Tradle. Companies are adopting partnerships, mergers, acquisitions, and R&D strategies to expand globally. Notable developments include XRP Ledger's Digital Identity Amendment (Nov 2024), Vechain's US Patent for identity verification (Oct 2024), and Argentina's QuarkID (Oct 2024) as the first government-backed decentralized identity system.

Conclusion

The blockchain identity management market is poised for unprecedented growth from 2025 to 2034, driven by rising cyber threats, government initiatives, and demand for secure digital identities. Adoption across BFSI, healthcare, and government sectors, along with NFT and permissioned blockchain innovations, positions the market for robust expansion globally.

Segmentation By Component, Network Insights, Provider Type, Enterprise Type, Vertical, and Region

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, 2025

5. Global Blockchain Identity Management Market Size Estimates and Forecasts, By Segments, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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, 2021-2034

• 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