블록체인 ID 관리 시장 규모는 2024년에 2억 6,813만 달러로 평가되었고, 2024년부터 2031년까지 87.9%의 연평균 복합 성장률(CAGR)로 성장할 전망이며, 2031년에는 238억 9,815만 달러에 달할 것으로 예측되고 있습니다.
블록체인 ID 관리란 블록체인 기술을 사용하여 디지털 ID를 생성, 보호 및 관리하는 것을 말합니다. 블록체인의 비중앙 집권적이고 불변의 성질을 활용함으로써 ID 정보를 분산형 대장에 저장할 수 있는 시스템을 제공하여 개인 데이터의 투명성, 안전성, 관리성을 확보합니다.
이 접근법은 데이터 유출 및 사기 행위와 같은 기존의 ID 관리 시스템과 관련된 많은 과제를 해결합니다.
블록체인 ID 관리는 보안을 강화하고 프로세스를 간소화하기 위해 다양한 분야에서 적용됩니다. 금융 서비스에서는 고객 확인을 단순화하고 위장을 방지할 수 있습니다. 헬스케어에서는 개인 정보를 유지하면서 환자 데이터를 안전하게 공유할 수 있습니다.
또한 공공 부문에서는 정부 발행 ID 관리를 개선하고 투표 시스템을 지원함으로써 선거 과정의 무결성과 진정성을 보장할 수 있습니다.
사이버 보안 위협 증가 : 데이터 유출 및 개인 정보 도난 사건의 빈도 상승으로 더욱 안전하고 탄력적인 ID 관리 솔루션에 대한 수요가 증가하고 있습니다. 블록체인의 비중앙 집권적이고 불변의 성질은 이러한 위협에 대한 보호를 강화합니다. 미국 연방거래위원회(FTC)에 따르면 2023년 ID 절도 보고 건수는 전년 대비 22% 증가하여 150만 건을 넘어섰습니다. 이 트렌드는 안전한 ID 관리 솔루션에 대한 요구가 커지고 있습니다.
디지털 혁신 수요 : 조직은 효율성과 혁신을 위해 디지털 솔루션을 채택하는 경향이 강해지고 있으며, 견고한 디지털 ID 시스템의 필요성이 커지고 있습니다. 블록체인은 디지털 ID를 안전하게 관리하고 인증하는 최신 접근 방식을 제공합니다. 델로이트가 2023년 12월에 실시한 조사에 따르면 기업의 78%가 디지털 전환 이니셔티브의 일환으로 ID 관리를 위한 블록체인 솔루션을 검토 또는 도입하고 있는 것으로 나타났습니다.
규정 준수 요구사항 : GDPR(EU 개인정보보호규정) 및 CCPA와 같은 엄격한 데이터 보호 규정으로 기업은 데이터 관리를 강화해야 합니다. 블록체인 기술은 안전하고 투명한 ID 관리를 제공함으로써 컴플라이언스 요구 사항을 충족하는 데 도움이 됩니다. 유럽 연합 사이버 보안 기관(ENISA)은 2024년 3월 블록체인 기반 ID 솔루션을 통해 대기업의 GDPR(EU 개인정보보호규정) 컴플라이언스 비용을 최대 30% 절감할 수 있다고 보고했습니다.
온라인 거래 확대 : 전자상거래 및 온라인 서비스 확대에는 안전하고 신뢰할 수 있는 본인 확인 방법이 필요합니다. 블록체인 기술은 ID 데이터의 안전하고 효율적인 취급을 보장하고 디지털 거래의 신뢰를 촉진합니다. 미국 인구조사국에 따르면 2023년 4분기 전자상거래 매출은 전체 소매 매출의 16.5%를 차지했으며, 2022년 동기의 14.8%에서 증가하여 온라인 거래의 지속적인 성장을 보여줍니다.
주요 과제
확장성 과제 : 블록체인 네트워크는 거래 처리 시간의 느림과 높은 비용과 같은 확장성 문제에 직면하는 경우가 많으며 대량의 ID 데이터를 효율적으로 처리하는 능력을 방해할 수 있습니다.
통합의 복잡성 : 블록체인 기반 ID 관리 시스템을 기존 레거시 시스템 및 기존 데이터베이스와 통합하는 것은 복잡하고 비용이 많이 들 수 있습니다. 이 통합의 과제는 채용을 지연시키고 도입 비용을 증가시킬 수 있습니다.
규제 불확실성 : 블록체인 기술의 규제 상황은 아직 개발 도상이며, 불명료한 규제나 일관성 없는 규제는 블록체인 ID 솔루션의 도입을 고려하고 있는 기업에 불확실성을 초래할 가능성이 있습니다. 이 모호함은 시장의 성장과 채용을 방해할 수 있습니다.
프라이버시 우려 : 블록체인 기술은 보안을 강화하지만, 그 불변성은 특히 민감한 개인 정보의 보관 및 관리에 대한 프라이버시 우려를 초래합니다.
주요 동향
자기주권형 정체성(SSI)의 시작 : 개인이 자신의 개인 데이터와 공유 방법을 완전히 제어할 수 있는 자기주권 정체성에 대한 동향이 증가하고 있습니다. 이 접근법은 블록체인을 활용하여 사용자가 디지털 ID를 안전하고 독자적으로 관리할 수 있도록 합니다. 2024년 1월 발표된 세계경제 포럼 보고서에 따르면 SSI 솔루션의 채택은 2028년까지 매년 35% 증가할 것으로 예상됩니다.
분산 금융(DeFi)과의 통합 : 블록체인의 ID 관리는 보안을 강화하고 사용자 검증 프로세스를 간소화하기 위해 분산 금융 애플리케이션과의 통합을 추진하고 있습니다. 이 통합은 보다 안전하고 효율적인 금융 거래를 제공하는 데 도움이 됩니다. DeFi Pulse의 데이터에 따르면, DeFi 프로토콜로 잠긴 총가치(TVL)는 2023년 말까지 1,500억 달러에 이르렀고, 이 분야에서 안전한 ID 관리의 중요성이 높아지고 있다는 것을 부각하고 있습니다.
프라이버시 솔루션 강화 : 블록체인 기술의 진보는 제로 지식 증명 및 암호화 기술과 같은 기술을 통해 프라이버시를 개선하는 데 중점을 둡니다. 이러한 혁신은 ID 관리 시스템의 투명성과 안전성을 유지하면서 개인 데이터를 보호하기 위한 것입니다. 예를 들어, Ontology는 2023년 12월 DeFi 에코시스템에서 보안과 사용자 환경을 개선하기 위해 DeFi 용도 전용으로 설계된 분산형 ID 솔루션의 출시를 발표했습니다.
Blockchain Identity Management Market size was valued at USD 268.13 Million in 2024 and is projected to reach USD 23898.15 Million by 2031, growing at a CAGR of 87.9% from 2024 to 2031.
Blockchain identity management refers to the use of blockchain technology to create, secure, and manage digital identities. By leveraging blockchain's decentralized and immutable nature, it provides a system where identity information can be stored in a distributed ledger, ensuring transparency, security, and control over personal data.
This approach addresses many challenges associated with traditional identity management systems, such as data breaches and fraudulent activities.
Blockchain identity management is applied in various sectors to enhance security and streamline processes. In financial services, it can simplify customer verification and prevent identity theft. In healthcare, it enables secure sharing of patient data while maintaining privacy.
Additionally, in the public sector, it can improve the management of government-issued IDs and support voting systems, ensuring the integrity and authenticity of electoral processes.
The key market dynamics that are shaping the global Blockchain Identity Management market include:
Increasing Cybersecurity Threats: The rising frequency of data breaches and identity theft incidents drives the demand for more secure and resilient identity management solutions. Blockchain's decentralized and immutable nature offers enhanced protection against such threats. According to the U.S. Federal Trade Commission (FTC), identity theft reports increased by 22% in 2023 compared to the previous year, with over 1.5 million reports filed. This trend highlights the growing need for secure identity management solutions.
Demand for Digital Transformation: Organizations are increasingly adopting digital solutions for efficiency and innovation, which boosts the need for robust digital identity systems. Blockchain provides a modern approach to manage and authenticate digital identities securely. A survey by Deloitte in December 2023 found that 78% of enterprises were exploring or implementing blockchain solutions for identity management as part of their digital transformation initiatives.
Regulatory Compliance Requirements: Stringent data protection regulations, such as GDPR and CCPA, require organizations to enhance their data management practices. Blockchain technology helps meet compliance requirements by providing secure and transparent identity management. The European Union Agency for Cybersecurity (ENISA) reported in March 2024 that blockchain-based identity solutions could potentially reduce GDPR compliance costs by up to 30% for large enterprises.
Growth in Online Transactions: The expansion of e-commerce and online services necessitates secure and reliable identity verification methods. Blockchain technology ensures secure and efficient handling of identity data, facilitating trust in digital transactions. The U.S. Census Bureau reported that e-commerce sales accounted for 16.5% of total retail sales in the fourth quarter of 2023, up from 14.8% in the same quarter of 2022, indicating a continued growth in online transactions.
Key Challenges:
Scalability Challenges: Blockchain networks often face scalability issues, such as slow transaction processing times and high costs, which can hinder their ability to handle large volumes of identity data efficiently.
Integration Complexities: Integrating blockchain-based identity management systems with existing legacy systems and traditional databases can be complex and costly. This integration challenge can slow down adoption and increase implementation expenses.
Regulatory Uncertainty: The regulatory landscape for blockchain technology is still evolving, and unclear or inconsistent regulations can create uncertainty for businesses looking to implement blockchain identity solutions. This ambiguity can impede market growth and adoption.
Privacy Concerns: Blockchain technology offers enhanced security, but its immutability raises privacy concerns, especially regarding the storage and management of sensitive personal information.
Key Trends
Rise of Self-Sovereign Identities (SSIs): There is a growing trend toward self-sovereign identities, where individuals have full control over their personal data and how it is shared. This approach leverages blockchain to enable users to manage their digital identities securely and independently. According to a report by the World Economic Forum published in January 2024, the adoption of SSI solutions is expected to grow by 35% annually through 2028.
Integration with Decentralized Finance (DeFi): Blockchain identity management is increasingly being integrated with decentralized finance applications to enhance security and streamline user verification processes. This integration helps in providing more secure and efficient financial transactions. The total value locked (TVL) in DeFi protocols reached $150 billion by the end of 2023, according to data from DeFi Pulse, highlighting the growing importance of secure identity management in this sector.
Enhanced Privacy Solutions: Advances in blockchain technology are focusing on improving privacy through techniques such as zero-knowledge proofs and cryptographic methods. These innovations aim to protect personal data while maintaining transparency and security in identity management systems. For instance, Ontology announced in December 2023 the launch of a decentralized identity solution specifically designed for DeFi applications, aiming to improve security and user experience in the DeFi ecosystem.
Here is a more detailed regional analysis of the global blockchain identity management market:
North America
North America is a leading force in the blockchain identity management market, driven by its advanced technological infrastructure and innovative ecosystem. The region, particularly the United States and Canada, is home to numerous technology companies, startups, and research institutions that are at the forefront of blockchain development and its applications in identity management.
Several factors contribute to North America's dominance in this sector. The high prevalence of cybersecurity threats and data breaches has accelerated the adoption of blockchain solutions to enhance identity protection and security.
Additionally, stringent data privacy regulations, such as GDPR and CCPA, compel organizations to adopt robust identity management systems, further driving the market growth in the region.
Asia Pacific
The Asia-Pacific region is experiencing rapid growth in the blockchain identity management market, emerging as a significant player in the global landscape. This growth is fueled by the region's expanding digital economy, increasing technology adoption, and a strong focus on innovation and digital infrastructure.
Several factors are driving this rapid expansion. The surge in digital transactions and the need for secure online identities have spurred interest in blockchain solutions.
Additionally, supportive government initiatives and investments in technology infrastructure are accelerating the development and adoption of blockchain-based identity management systems across Asia-Pacific countries.
The Global Blockchain Identity Management Market is segmented based on Applications, Type, And Geography.
Based on Type, the Global Blockchain Identity Management Market is bifurcated into Public Blockchain, Private Blockchain. Private blockchain is the dominant segment in the blockchain identity management market, favored for its enhanced control, security, and efficiency in managing identity data within enterprises and organizations. However, Public blockchain is the fastest-growing segment, driven by its ability to offer greater transparency and decentralization, which is increasingly appealing for applications requiring open and trustless systems. The growing adoption of public blockchains for broader, decentralized identity solutions is fueling its rapid expansion.
Based on Application, the Global Blockchain Identity Management Market is bifurcated into Identity Verification, Credentialing and Attestation, Access Management, Data Sharing and Consent Management, and Authentication and Authorization. Identity verification is the dominant segment in the blockchain identity management market, driven by the increasing need for secure and accurate validation of digital identities across various sectors, including financial services and healthcare. Meanwhile, Data sharing and consent management is the fastest-growing segment, as organizations and individuals seek more secure and transparent ways to manage and share personal data while maintaining control and compliance with privacy regulations. This trend reflects the growing importance of managing consent and ensuring data integrity in an increasingly digital world.
Based on Industry Vertical, the Global Blockchain Identity Management Market is bifurcated into Financial Services, Healthcare, Government and Public Sector, Supply Chain and Logistics, Retail and E-commerce, and Telecommunications, Education. Financial services is the dominant segment in the blockchain identity management market, driven by the industry's need for secure and efficient identity verification to combat fraud and streamline transactions. However, the healthcare sector is the fastest-growing segment, as blockchain technology offers enhanced security and privacy for managing patient records and ensuring compliance with stringent regulations. The increasing emphasis on secure health data management and patient privacy is rapidly accelerating blockchain adoption in this sector.
Based on Geography, the Global Blockchain Identity Management Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America is the dominant segment in the blockchain identity management market, driven by its advanced technological infrastructure, robust investment in innovation, and stringent data protection regulations. Meanwhile, the Asia-Pacific region is the fastest-growing segment, propelled by the rapid expansion of digital economies, increasing adoption of blockchain technology, and supportive government initiatives aimed at enhancing digital security and identity management.
The "Global Blockchain Identity Management Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are IBM, Microsoft, Oracle, Amazon Web Services (AWS), Accenture, TCS, Evernym, Civic Technologies, KYC-Chain, Netki.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.