Blockchain Digital identity to grow 71 percent by 2025

Infiniti Research has forecast a compound annual growth rate (CAGR) of 71% for the global blockchain identity management market from 2021 to 2025. The marketing research firm’s new report, titled ‘Global Blockchain Identity Management Market 2021-2025’, expects the global market to grow by $3.58 billion (£2.57bn) during the four year period.

The study assumes that the market for blockchain identity management will continuously expand as the growth of cloud services and digitalisation continues apace.

By drawing on analysis from a number of existing blockchain identity management vendors — such as Accenture, Amazon, Bitfury Group, and Civic Technologies – the report was able to break down the global market into sectors such as healthcare, banking, government and more.