INFORMATION & COMMUNICATION TECHNOLOGY
Global Self-Sovereign Identity (SSI) Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Self-Sovereign Identity (SSI) Market, By Type (Based on Public Blockchain, Based on Private Blockchain, Based on Consortium Blockchain), Offering (Solutions and Services), Identity Type (Non-Biometrics, Biometrics), Network (Permissioned and Permissionless), Organization Size (SMEs, Large Enterprises), End-use (BFSI, IT and ITeS, Telecom, Government, Real Estate & Construction, Healthcare, Retail and E-Commerce, Media & Entertainment, Travel & Hospitality, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global self-sovereign identity (SSI) market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Self-Sovereign Identity (SSI) is a decentralized method of managing digital identities that gives people the freedom to manage and take control of their data without depending on a central body. SSI systems allow users to keep and manage their identity data on their own devices, utilizing cryptographic techniques to prove their identity to others without disclosing unneeded personal information. The Self-Sovereign Identity (SSI) market focuses on the development and implementation of technology and solutions to support this decentralized identity management approach. It consists of systems and resources for secretly and securely generating, storing, and authenticating digital identities. The market includes a range of applications designed to improve user control, privacy, and security in digital interactions, including blockchain-based identification solutions, identity verification services, and secure access control.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Growing concerns about data breaches and identity theft.
- Increasing need for secure and private digital identity verification.
RESTRAINTS
- High implementation and infrastructure costs.
- Lack of standardized protocols and interoperability issues.
OPPORTUNITIES
- Expanding use cases across various sectors (finance, healthcare, etc.).
- Potential for partnerships with technology providers and governments.
CHALLENGES
- Ensuring widespread adoption and integration across platforms.
- Managing and securing decentralized data storage.
SEGMENTATION
- Type
- Based on Public Blockchain
- Based on Private Blockchain
- Based on Consortium Blockchain
- Offering
- Solutions
- Services
- Identity Type
- Non-Biometrics
- Biometrics
- Network
- Permissioned
- Permissionless
- Organization Size
- SMEs
- Large Enterprises
- End-use
- BFSI
- IT and ITeS
- Telecom
- Government
- Real Estate & Construction
- Healthcare
- Retail and E-Commerce
- Media & Entertainment
- Travel & Hospitality
- Other Verticals
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Microsoft Corporation
- Ping Identity Holding Corp.
- IDEX Biometrics ASA
- NEC Corporation
- Validated ID, SL
- Wipro Limited
- Persistent Systems Limited
- Trinsic Inc.
- Soulverse Inc.
- Vereign AG
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Self-Sovereign Identity (SSI) Market, by Type
- 3.2 Global Self-Sovereign Identity (SSI) Market, by Offering
- 3.3 Global Self-Sovereign Identity (SSI) Market, by Identity Type
- 3.4 Global Self-Sovereign Identity (SSI) Market, by Network
- 3.5 Global Self-Sovereign Identity (SSI) Market, by Organization Size
- 3.6 Global Self-Sovereign Identity (SSI) Market, by End-use
- 3.7 Global Self-Sovereign Identity (SSI) Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Integration with blockchain technology for enhanced security.
- 5.1.2 Advancements in blockchain and decentralized technologies.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Growing concerns about data breaches and identity theft.
- 5.2.2 Increasing need for secure and private digital identity verification.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High implementation and infrastructure costs.
- 5.3.2 Lack of standardized protocols and interoperability issues.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expanding use cases across various sectors (finance, healthcare, etc.).
- 5.4.2 Potential for partnerships with technology providers and governments.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Ensuring widespread adoption and integration across platforms.
- 5.5.2 Managing and securing decentralized data storage.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Self-Sovereign Identity (SSI) Market, by Type (2019-2032)
- SECTION 7 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY OFFERING
- 7.1 Offering Summary
- 7.2 Market Attractive Index
- 7.3 Global Self-Sovereign Identity (SSI) Market, by Offering (2019-2032)
- SECTION 8 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY IDENTITY TYPE
- 8.1 Identity Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Self-Sovereign Identity (SSI) Market, by Identity Type (2019-2032)
- SECTION 9 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY NETWORK
- 9.1 Network Summary
- 9.2 Market Attractive Index
- 9.3 Global Self-Sovereign Identity (SSI) Market, by Network (2019-2032)
- SECTION 10 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY ORGANIZATION SIZE
- 10.1 Organization Size Summary
- 10.2 Market Attractive Index
- 10.3 Global Self-Sovereign Identity (SSI) Market, by Organization Size (2019-2032)
- SECTION 11 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY END-USE
- 11.1 End-use Summary
- 11.2 Market Attractive Index
- 11.3 Global Self-Sovereign Identity (SSI) Market, by End-use (2019-2032)
- SECTION 12 - GLOBAL SELF-SOVEREIGN IDENTITY (SSI) MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Self-Sovereign Identity (SSI) Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA SELF-SOVEREIGN IDENTITY (SSI) MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Self-Sovereign Identity (SSI) Market, by Type (2019-2032)
- 13.4 North America Self-Sovereign Identity (SSI) Market, by Offering (2019-2032)
- 13.5 North America Self-Sovereign Identity (SSI) Market, by Identity Type (2019-2032)
- 13.6 North America Self-Sovereign Identity (SSI) Market, by Network (2019-2032)
- 13.7 North America Self-Sovereign Identity (SSI) Market, by Organization Size (2019-2032)
- 13.8 North America Self-Sovereign Identity (SSI) Market, by End-use (2019-2032)
- 13.9 North America Self-Sovereign Identity (SSI) Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE SELF-SOVEREIGN IDENTITY (SSI) MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Self-Sovereign Identity (SSI) Market, by Type (2019-2032)
- 14.4 Europe Self-Sovereign Identity (SSI) Market, by Offering (2019-2032)
- 14.5 Europe Self-Sovereign Identity (SSI) Market, by Identity Type (2019-2032)
- 14.6 Europe Self-Sovereign Identity (SSI) Market, by Network (2019-2032)
- 14.7 Europe Self-Sovereign Identity (SSI) Market, by Organization Size (2019-2032)
- 14.8 Europe Self-Sovereign Identity (SSI) Market, by End-use (2019-2032)
- 14.9 Europe Self-Sovereign Identity (SSI) Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC SELF-SOVEREIGN IDENTITY (SSI) MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Self-Sovereign Identity (SSI) Market, by Type (2019-2032)
- 15.4 Asia-Pacific Self-Sovereign Identity (SSI) Market, by Offering (2019-2032)
- 15.5 Asia-Pacific Self-Sovereign Identity (SSI) Market, by Identity Type (2019-2032)
- 15.6 Asia-Pacific Self-Sovereign Identity (SSI) Market, by Network (2019-2032)
- 15.7 Asia-Pacific Self-Sovereign Identity (SSI) Market, by Organization Size (2019-2032)
- 15.8 Asia-Pacific Self-Sovereign Identity (SSI) Market, by End-use (2019-2032)
- 15.9 Asia-Pacific Self-Sovereign Identity (SSI) Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA SELF-SOVEREIGN IDENTITY (SSI) MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Self-Sovereign Identity (SSI) Market, by Type (2019-2032)
- 16.4 South America Self-Sovereign Identity (SSI) Market, by Offering (2019-2032)
- 16.5 South America Self-Sovereign Identity (SSI) Market, by Identity Type (2019-2032)
- 16.6 South America Self-Sovereign Identity (SSI) Market, by Network (2019-2032)
- 16.7 South America Self-Sovereign Identity (SSI) Market, by Organization Size (2019-2032)
- 16.8 South America Self-Sovereign Identity (SSI) Market, by End-use (2019-2032)
- 16.9 South America Self-Sovereign Identity (SSI) Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA SELF-SOVEREIGN IDENTITY (SSI) MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Self-Sovereign Identity (SSI) Market, by Type (2019-2032)
- 17.4 Middle East and Africa Self-Sovereign Identity (SSI) Market, by Offering (2019-2032)
- 17.5 Middle East and Africa Self-Sovereign Identity (SSI) Market, by Identity Type (2019-2032)
- 17.6 Middle East and Africa Self-Sovereign Identity (SSI) Market, by Network (2019-2032)
- 17.7 Middle East and Africa Self-Sovereign Identity (SSI) Market, by Organization Size (2019-2032)
- 17.8 Middle East and Africa Self-Sovereign Identity (SSI) Market, by End-use (2019-2032)
- 17.9 Middle East and Africa Self-Sovereign Identity (SSI) Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Self-Sovereign Identity (SSI) Market, Company Share Analysis
- 18.2 North America Self-Sovereign Identity (SSI) Market, Company Share Analysis
- 18.3 Europe Self-Sovereign Identity (SSI) Market, Company Share Analysis
- 18.4 Asia-Pacific Self-Sovereign Identity (SSI) Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Microsoft Corporation
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Ping Identity Holding Corp.
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 IDEX Biometrics ASA
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 NEC Corporation
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Validated ID, SL
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Wipro Limited
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Persistent Systems Limited
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Trinsic Inc.
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Soulverse Inc.
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Vereign AG
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.