Artificial Intelligence
Blockchain Identity Management Market worth $35.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 7, 2023 /PRNewswire/ — With rising use across businesses and government participation, the Blockchain Identity Management industry has a bright future. It is anticipated that interoperability standards, self-sovereign identification, and integration with cutting-edge technologies like IoT and AI would fuel its expansion and improve security and privacy in identity verification procedures.
The global Blockchain Identity Management Market size is projected to grow from USD 1.3 billion in 2023 to USD 35.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 92.7% during the forecast period, according to a new report by MarketsandMarkets™. The expansion of the Blockchain Identity Management Market is propelled by a significant increase in the digital identity ecosystem, rendering them a primary focus for hackers. The demand for secure and decentralized solutions in managing user identities and virtual assets has further contributed to the growth of the Blockchain Identity Management Market.
Browse in-depth TOC on “Blockchain Identity Management Market”350 – Tables 50 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2017-2028
Base year considered
2022
Forecast period
2023–2028
Forecast units
Value (USD Million/USD Billion)
Segments Covered
Offering, Provider Type, Organization Size, Network, Vertical, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Major vendors in the global Blockchain Identity Management Market include AWS (US), IBM (US), Oracle (US), Microsoft (US), Bitfury (US), NEC (Japan), Dock (Switzerland), and Hu-manity.co (US), Metadium (Cayman Islands), Serto (US), and many more.
Based on the provider type, the middleware provider segment is to grow at the highest CAGR during the forecasted period.
The Blockchain Identity Management Market is divided into application, middleware, and infrastructure provider type. The middleware provider type experiences the highest CAGR, offering organizations a comprehensive solution for their blockchain identity management needs. Middleware providers offer essential infrastructure and services for secure identity information exchange among participants. Services include identity registration, verification, storage, and management in a tamper-proof way. They facilitate authentication and authorization and ensure interoperability between various blockchain networks and systems.
By organization size, small and medium-sized enterprises (SMEs) account for the highest CAGR.
Small and medium-sized enterprises (SMEs) contribute the highest CAGR in the Blockchain Identity Management Market. SMEs seeking cost savings, enhanced efficiency, and improved security are fueling the growth of the market. Blockchain eliminates intermediaries, reduces fraud, and automates tasks, allowing businesses to focus on core operations. Its cryptographic security ensures data protection, building trust with stakeholders and aiding compliance. As SMEs increasingly rely on digital technologies, the demand for secure and scalable identity management solutions grows, making blockchain an increasingly popular choice.
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By region, Asia Pacific is to grow at the highest CAGR during the forecast period.
The Asia Pacific region accounts for the highest market size due to rapid digital transformation, fostering demand for secure blockchain-based identity solutions. Governments of various countries such as Singapore, India, and Australia are supporting blockchain identity for enhanced service efficiency like e-voting and e-passports. With major players like IBM, Microsoft, and Oracle investing significantly in blockchain technology, the region thrives in the blockchain identity market. Moreover, the rising demand for KYC simplification and self-sovereign identification further propels the growth of this market in the Asia Pacific.
Top Key Companies in Blockchain Identity Management Market:
AWS (US), IBM (US), Oracle (US), Microsoft (US), Bitfury (US), NEC (Japan), Dock (Switzerland), and Hu-manity.co (US), Metadium (Cayman Islands), Serto (US), Coinfirm (UK), Accumulate (US), Neuroware (Malaysia), Tradle (US), Peer Ledger (Canada), Procivis (Switzerland), SpringRole (US), Blockchains (US), Oaro (Canada), Fractal (Germany), NuID (US), Validated ID (Spain), KYC-Chain (Hong Kong), TRM Labs (US) and Factom (US) are the key players and other players in the Blockchain Identity Management Market.
Recent Developments
In January 2023, AWS (US) partnered with Ava Labs to promote blockchain adoption in enterprises, institutions, and governments. The collaboration aims to simplify node deployment and management on Avalanche, strengthen the network, and enhance the dApp ecosystem.In July 2021, Oracle Financial Services Software Ltd and Everest joined forces to bring blockchain technology to global banks. The partnership allows Oracle’s banking clients to verify customer credentials and store them securely on the blockchain platform across multiple countries. Additionally, the integration improves Oracle’s banking software and facilitates remote customer onboarding for financial institutions.In May 2022, Microsoft launched Microsoft Entra, a new product family that includes Azure Active Directory (Azure AD), and introduced two new categories: Microsoft Entra Permissions Management and Microsoft Entra Verified ID. The latter is based on decentralized identity standards, offering a secure, interoperable, and self-owned identity solution. Entra Permissions Management enables comprehensive visibility and management of permissions across multi-cloud environments, reducing access risks.Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=241573621
Blockchain Identity Management Market Advantages:
Blockchain technology reduces the danger of data breaches and unauthorised access by storing identification information in a decentralised and irreversible ledger. The data is cryptographically protected, which improves the identity management process’s overall security and dependability.Individuals have more control over their personal information thanks to blockchain-based identity management. Users can choose to share particular attributes only when appropriate, protecting their privacy and managing consent.Users can more easily shift their identities between multiple platforms and services thanks to blockchain’s capacity to facilitate interoperability between diverse identification systems. A smooth user experience is promoted by this portability, which also eliminates the need for different accounts.Blockchain’s distributed architecture enables quicker and more effective identity verification procedures. Consensus techniques provide real-time user verification, simplifying the onboarding and authentication processes.Blockchain eliminates the need for a single central organisation to manage identification data. By doing so, the requirement for faith in a central authority is removed, as is the possibility of data manipulation or a single point of failure.Identity-related activities and transactions can be audited thanks to blockchain’s transparency. Compliance with data protection laws is improved by this function.Due to the immutability of blockchain, once an identity has been confirmed and recorded, it cannot be changed or copied. This feature guards against identity theft and helps stop identity fraud.Beyond the financial sector, blockchain identity management has implications in the healthcare, supply chain, voting systems, and government services, all of which require reliable and secure identity verification.Report Objectives
To define, describe, and forecast the Blockchain Identity Management Market based on offering, deployment mode, organization size, verticals, and regionsTo define, describe, and forecast the Blockchain Identity Management Market by offering, deployment mode, organization size, vertical, and regionTo forecast the market size of five main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin AmericaTo analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo provide detailed information related to the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Blockchain Identity Management MarketTo analyze opportunities in the market for stakeholders by identifying high-growth segments of the Blockchain Identity Management MarketTo profile the key players of the Blockchain Identity Management Market and comprehensively analyze their market size and core competencies in the marketTo track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global Blockchain Identity Management Market.Browse Adjacent Market: Information Security Market Research Reports & Consulting
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Artificial Intelligence
Aidoc and Integral Diagnostics (IDX) Expand AI Partnership in Australia and New Zealand
Aidoc’s AI technology enhances radiology services at IDX, significantly improving patient care and service and well-placed to support the upcoming National Lung Cancer Screening Program.
MELBOURNE, Australia, Oct. 15, 2024 /PRNewswire/ — Aidoc, a global pioneer in clinical AI solutions, today announced the expansion of its partnership with Integral Diagnostics (IDX), the leading provider of AI-driven medical imaging services, across Australia and New Zealand. This enhanced collaboration, which started four years ago, leverages Aidoc’s award-winning aiOS™ platform to alert radiologists and care teams to suspected and unsuspected critical findings in medical images, prioritising abnormal findings and improving the quality and timeliness of patient care across the region.
Aidoc’s AI technology has firmly positioned IDX as the market leader in AI-driven medical imaging in Australia and New Zealand, with its aiOS™ platform automatically flagging critical pathologies, including brain aneurysms, pulmonary embolisms, stroke, and brain bleeds.
Since 2019, Aidoc has processed over 600,000 cases across IDX’s entire network, including its partner facilities and hospitals. By augmenting radiologists’ workflows, it enables prioritization of life-threatening cases when these are detected by the AI, leading to improved care and efficiency, and ultimately facilitating faster, life-saving treatments for patients.
Looking ahead, significant advancements are on the horizon. Starting July 2025, the Australian Government will fund the National Lung Cancer Screening Programme (NLCSP), a crucial step in early detection of lung cancer. IDX is currently trialling a new algorithm within Aidoc’s aiOS™ platform designed to notify radiologists of lung nodules and measure them accurately, enabling earlier and appropriate intervention for lung cancer.
“Aidoc’s AI has significantly improved patient care and service. We’re keen to test and use their Chest CT AI algorithms to automate our reviews in the National Lung Cancer Screening Programme to enable us to detect disease earlier, more accurately and more efficiently”, said Dr. Ian Kadish, CEO and Managing Director at Integral Diagnostics.
Already widely adopted across the United States and Europe, Aidoc’s AI aiOS™ platform analyses over 3 million patients monthly and is backed by more than 150 published papers and abstracts. These demonstrate its proven ability to reduce costs, improve patient outcomes and increase efficiency, making it a leader in AI-powered radiology.
This partnership between Aidoc and IDX represents not just a technological leap forward but a shift in how radiology will evolve in the years to come. With AI seamlessly integrated into workflows, healthcare providers can focus on delivering the highest level of patient care. Aidoc and IDX are shaping the future of medical imaging, with early detection, improved patient outcomes and improved healthcare efficiency.
“Our partnership with Integral Diagnostics underscores our commitment to driving better health outcomes,” said Rotem Geslevich, Senior Director of Business Development at Aidoc. “As the Lung Cancer Screening initiative approaches, we are excited to play a pivotal role in saving lives.”
Both Aidoc and Integral Diagnostics will be featured at the RANZCR conference in Perth from 17-19 October 2024. Attendees can learn more about the evolving role of AI in radiology and its positive impact on patient care across Australia and New Zealand.
About Aidoc
Aidoc is a pioneering force in clinical AI. Aidoc focuses on aiding and empowering healthcare teams to optimize patient treatment, which results in improved economic value and clinical outcomes. Built on Aidoc’s proprietary aiOS™, Aidoc analyses and aggregates medical data to enable care teams to operationalize the unexpected and work seamlessly with a continued focus on the patient. Used in more than 1,000 medical centers worldwide, Aidoc has the most TGA clearances in clinical AI and its AI-based solutions cover 75 percent of patient populations, enabling physicians to make informed decisions based on real-time data.
Visit www.Aidoc.com to see how we are connecting all points of care with always-on AI.
About IDX
Integral Diagnostics (IDX) is a leading provider of medical imaging services across Australia and New Zealand. IDX employs some of Australasia’s leading radiologists and diagnostic imaging specialists in a unique medical leadership model that ensures quality patient care, service and access. Good medicine is good business. For more information, please visit www.integraldiagnostics.com.au/.
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Artificial Intelligence
Arcadis supports PICQS QS Summit 2024 in Manila as Gold Sponsor
MANILA, Philippines, Oct. 15, 2024 /PRNewswire/ — Arcadis, the leading global design and consultancy firm for natural and built assets, is proud to announce its participation at the upcoming QS Summit 2024 as Gold Sponsor. It is the biggest gathering of Filipino quantity surveyors in the country, organized by the Philippine Institute of Certified Quantity Surveyors (PICQS), Inc.
The summit, themed “The Evolving Role of Quantity Surveyors in Shaping a Smart and Greener Future”, will take place on 19 October at AIM Conference Center, Makati City, Philippines.
This year the event will explore how quantity surveyors and their allied professions practice their roles in terms of sustainable cost and project management, utilization of digital solutions and enhanced sustainability, with less risk to the environment. The event provides a valuable platform for industry leaders to discuss critical trends and advancements shaping the future of the profession.
With over thirty years’ experience in quantity surveying and cost and commercial management in the Philippines, Arcadis has established itself as one of the leading consultants in the country. As forerunners in the industry, Arcadis has been instrumental in helping shape the Philippine construction landscape, contributing to the development of iconic, game-changing and sustainable projects since the 1990s. Arcadis’ sponsorship of the QS Summit 2024 underscores its commitment to supporting the professional growth of Filipino quantity surveyors, enabling them to meet the demands of a rapidly evolving industry and contribute to a sustainable future.
In addition to sponsorship, Arcadis will be speaking at the Summit alongside other industry practitioners. Country Director Darneil Perez will join a panel discussion titled “Digital Transformation (AI and Digital Technology Adoption) – Where are We Now and Where are We Heading?”. Together with consultants, developers and contractors, Darneil will offer valuable perspectives on the challenges and opportunities facing the Philippine construction industry in terms of technological advancements, global trends and national development goals.
PICQS, Inc. is an all-Filipino organization comprised of members of the Royal Institution of Chartered Surveyors (RICS); members of the Australian Institute of Quantity Surveyors (AIQS); student and trainee members of RICS; chartered members of internationally recognized QS professional bodies; QS-trained engineers working toward their QS Study; Assessment of Professional Competence (APC) and Assessment of Technical Competence (ATC) toward chartered membership.
About Arcadis
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Artificial Intelligence
Glancing into Tomorrow at GITEX: e& UAE’S Vision for a Smarter, AI-powered Future
DUBAI, UAE, Oct. 14, 2024 /PRNewswire/ — As e& UAE prepares to make an impact at GITEX Global, the company’s momentum is undeniable. Fresh off the heels of being crowned ‘World’s Fastest 5G Network’ by Ookla, e& UAE is poised to showcase the cutting-edge innovations stemming from its state-of-the-art telco core.
e& UAE serves 5G to 12 million active users every day bringing to the forefront of global connectivity. “High-speed networks are crucial for connecting the dots between AI components, including transferring data and accessing cloud-based resources,” says Masood. “In essence, AI is a product of a sophisticated infrastructure that combines hardware, software, and networking to enable the development and deployment of intelligent systems,” Masood says.
For e& UAE, this means continually embracing AI as a key component of its innovation strategy. The company has a successful history of implementing AI solutions to drive productivity and enhance customer experiences, and, as Masood puts it, “AI is where we see the real potential for transformation.”
It’s with this vision in mind that e& UAE plans to make its mark at GITEX, showcasing its latest AI innovations and demonstrating its leadership in the digital landscape.
More than a telco: e& UAE’s digital leap
“AI is embedded across our operations, enabling smarter, faster decision-making and driving new efficiencies in business and customer service,” he says. e& UAE was a pioneer in adopting AI internally, but its true impact lies in delivering exceptional digital experiences to customers. A prime example is EASE, the world’s first autonomous telecom retail experience, launched at GITEX last year. Since then, e& UAE has rapidly expanded the reach and capabilities of this innovative concept, demonstrating its commitment to leveraging AI for customer-centric solutions.
The company is actively building its reputation as a digital leader, offering cutting-edge connectivity solutions powered by 5G and AI and IoT integrations. This strategic shift is at the heart of e& UAE’s participation at GITEX, where the company will showcase its innovative digital offerings and vision for the future.
GITEX spotlight
“We’re thrilled to be part of GITEX, an exciting showcase of the future where the world’s greatest minds come together to envision and shape the technology of a better tomorrow,” Masood says.
In addition to the latest smart home solutions and drone technology, its showcase will include advanced applications in AI, augmented reality, and 5G technology, reflecting its commitment to digital transformation. One of the standout features will be the Hologram Customer Service Avatar, which aims to provide an interactive customer experience. This avatar will utilise ultra-HD, intelligent capabilities to facilitate real-time interactions, allowing users to engage with services in a more immersive manner. The integration of 5G New Calling technology will further enhance user experience by offering visualised voice calling, real-time translation, and multimedia content during calls.
Continuing the tradition of announcing 5G milestones at previous GITEX events, e& UAE announced network speed upgrades including the fastest aggregated 5G-Advanced speed of 62Gbps. Demonstrating its commitment to 5G leadership, e& UAE will also highlight its achievement as the largest 5G-Advanced commercial network in the MENA region, with over 1,000 operational sites. This milestone marks the dawn of the 10G era, delivering unparalleled speeds and ultra-low latency that will redefine digital experiences. At GITEX, it will not only showcase its impressive technological advancements but also unveil strategic partnerships that align with its vision for a digital future. Building upon the success of its 5G private network deployment in the oil and gas sector with ADNOC, the company is now expanding its reach in more industries.
“The success of AI, IoT, and 5G depends on building an ecosystem of innovation. That means working closely with tech giants, startups, and government entities to ensure we’re building the right solutions for the future,” says Masood.
Making networks AI-ready
At the heart of e& UAE’s mission to pioneer the digital frontier in the UAE lies a firm commitment to high-speed connectivity. For example, 50G-PON, the next generation of high-speed connectivity, promises to revolutionise internet connectivity, delivering unprecedented capacity and considerably speeding things up for consumers and businesses.
“Our strategy is rooted in a profound belief that we can achieve more for the people and communities we serve—drive more growth, create more opportunities, and have a greater impact—infused with a passion for excellence. As we evolve beyond traditional telecom, we are enhancing our services and tailoring our offerings to meet the diverse needs of our customers.
The UAE’s global leadership in broadband and mobile speeds, as recognised by Ookla, is significantly attributed to the contributions of e& UAE. “We are part of the UAE fabric, and we stand with the country, helping to build a stronger, more connected society,” Masood concludes.
Contact details: Nancy Sudheer, Senior Manager at e&, [email protected]
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