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Blockchain ID market to grow $3.58b by 2025, says report

A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021–2025, reports Cointelegraph.

A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global market, at a compound annual rate of close to 71%.

The report grounds its predictions on a study broken down into segments by sector — e.g., government, healthcare, banking, financial services and insurance (BFSI), geography, and applications. It was published by the Lyon-headquartered market research solution provider ReportLinker.

Drawing on an analysis of several existing blockchain identity management market vendors — Accenture, Amazon, Bitfury Group, Civic Technologies and others — the report expects the total global market to grow by $3.58 billion between 2021 and 2025.

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