Us Blockchain Identity Software Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Blockchain Identity Software Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 20.5% from 2024 to 2030.
The U.S. blockchain identity software market is experiencing rapid growth, driven by the increasing need for secure and efficient digital identity solutions. In 2024, the market was valued at approximately USD 4.32 billion and is projected to reach USD 31.5 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 24.5%.
Several factors contribute to this expansion:
Rising Incidents of Identity Theft: The surge in data breaches has heightened the demand for robust identity management systems.
Advancements in Blockchain Technology: Innovations are enhancing the security and efficiency of identity solutions.
Regulatory Support: Government initiatives are promoting the adoption of blockchain for identity management.
From my experience attending industry conferences, it's evident that businesses are actively seeking blockchain-based solutions to address identity verification challenges. The decentralized nature of blockchain offers enhanced security, making it a preferred choice for many organizations.
Market segmentation reveals that cloud-based solutions dominate, offering scalability and flexibility. Additionally, small and medium-sized enterprises (SMEs) are increasingly adopting these technologies, aiming to protect their digital assets without significant infrastructure investments.
Recent developments underscore the market's momentum. For instance, in January 2025, Humanity Protocol, a blockchain firm specializing in identity verification, achieved a valuation of $1.1 billion following a $20 million funding round. The company is developing a system that utilizes palm scans to confirm the authenticity of online accounts without disclosing personal information. This technology aims to combat issues such as bots, fake accounts, and online fraud.
Moreover, the proliferation of Internet of Things (IoT) devices has amplified the need for secure identity management solutions. Each connected device represents a potential vulnerability, and blockchain offers a decentralized approach to authenticate and manage these identities effectively.
In conclusion, the U.S. blockchain identity software market is poised for significant growth, driven by technological advancements, regulatory support, and the pressing need for secure digital identity solutions. As the digital landscape evolves, blockchain stands out as a pivotal technology in safeguarding identities and ensuring data integrity.
Get an In-Depth Research Analysis of the Global Blockchain Identity Software Market Size And Forecast [2025-2032]
IBM
Accenture
Kaleido
BlockCypher
Hyperledger
Digital Bazaar
1Kosmos
BlockScore
BlocWatch
B2Lab
Cambridge Blockchain
Civic Technologies
Credify
Dragonchain
Evernym
Factom
HYPR
idRamp
Monetha
Netki
OARO
Tokeny Solutions
Trust Stamp
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Blockchain Identity Software Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Blockchain Identity Software Market
Self-sovereign Identity
Decentralized Identity
Verified Identity
Digital Identity
Cloud-Based Solutions
On-Premises Solutions
Healthcare
Finance and Banking
Telecommunications
Government and Public Sector
Retail
Travel and Hospitality
Education
User Authentication
Identity Verification
KYC (Know Your Customer)
Regulatory Compliance
Access Management
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Institutions and Organizations
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Blockchain Identity Software Market Research Analysis
1. Introduction of the Global Blockchain Identity Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blockchain Identity Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blockchain Identity Software Market, By Type
6. Global Blockchain Identity Software Market, By Application
7. Global Blockchain Identity Software Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blockchain Identity Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/