Self-Sovereign Identity (SSI) - Global Strategic Business Report

The global market for Self-Sovereign Identity (SSI) was estimated at US$1.7 Billion in 2024 and is projected to reach US$70.9 Billion by 2030, growing at a CAGR of 85.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Self-Sovereign Identity (SSI) market.

Global Self-Sovereign Identity (SSI) Market - Key Trends & Drivers Summarized

Why Is Self-Sovereign Identity (SSI) Gaining Traction In Digital Identity Management?

Self-Sovereign Identity (SSI) is redefining digital identity management by allowing individuals and organizations to control their own identity credentials without depending on centralized authorities. Unlike traditional identity verification systems, which store sensitive personal data in government or corporate databases, SSI enables users to manage, share, and authenticate their identity information securely through decentralized networks. With rising concerns over data privacy, cybersecurity threats, and digital fraud, businesses and governments are turning to SSI to provide secure and verifiable digital identities. The emergence of decentralized finance (DeFi), Web3, and digital citizenship initiatives is further accelerating SSI adoption, making it a critical tool for the future of digital trust and security.

What Technological Innovations Are Driving The Growth Of SSI?

The SSI landscape is evolving rapidly due to advancements in blockchain technology, cryptographic security, and zero-knowledge proofs (ZKPs). Blockchain-based decentralized identity systems enable verifiable credentials that cannot be tampered with, ensuring high levels of data security and privacy. Self-sovereign identity wallets, which store digital credentials on users’ devices, are being integrated with AI-powered identity verification solutions to enhance fraud prevention. Additionally, SSI is leveraging smart contracts and biometric authentication to streamline access control, digital voting, and cross-border identity verification. These innovations are making SSI a scalable and reliable alternative to centralized identity management systems.

Which Industries Are Leading The Adoption Of Self-Sovereign Identity?

Financial institutions are among the early adopters of SSI, using decentralized identity solutions to enhance Know Your Customer (KYC) compliance, prevent identity theft, and streamline digital banking processes. Governments are incorporating SSI into e-residency programs, digital passports, and national identity systems to improve security and reduce administrative overhead. The healthcare sector is leveraging SSI for secure patient record management, ensuring that medical data remains private and accessible only to authorized parties. Additionally, enterprises in e-commerce, travel, and education are adopting SSI to enable seamless and fraud-resistant user authentication.

What Factors Are Fueling The Growth Of The SSI Market?

The growth in the Self-Sovereign Identity (SSI) market is being driven by increasing regulatory scrutiny over data privacy (GDPR, CCPA), rising cyber threats, and the push for decentralized digital identities. Governments and enterprises are investing in blockchain-based identity frameworks to reduce reliance on traditional authentication systems. The expansion of decentralized applications (dApps) and Web3 ecosystems is further boosting demand for self-sovereign identity solutions. Additionally, growing concerns about social media identity fraud and digital identity theft are prompting users to seek greater control over their personal information. As global adoption of digital identities continues to rise, the SSI market is expected to expand significantly.

Scope of Study:

The report analyzes the Self-Sovereign Identity (SSI) market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Offering (SSI Solutions, SSI Services); Identity Type (Biometrics Identity, Non-Biometrics Identity); Network (Permissioned Network, Permissionless Network); Organization Size (Large Enterprises, SMEs); Vertical (BFSI Vertical, IT & ITES Vertical, Telecom Vertical, Government Vertical, Real Estate & Construction Vertical, Healthcare Vertical, Other Verticals)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the SSI Solutions segment, which is expected to reach US$56.9 Billion by 2030 with a CAGR of a 92.4%. The SSI Services segment is also set to grow at 67.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $475.8 Million in 2024, and China, forecasted to grow at an impressive 101.5% CAGR to reach $19.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Self-Sovereign Identity (SSI) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Self-Sovereign Identity (SSI) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Self-Sovereign Identity (SSI) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as 1Kosmos, Accumulate, Blockchain Helix, Dock, IDEX Biometrics and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 39 companies featured in this Self-Sovereign Identity (SSI) market report include:

• 1Kosmos
• Accumulate
• Blockchain Helix
• Dock
• IDEX Biometrics
• Imageware
• Infopulse
• Kaleido
• Metadium
• Microsoft
• NEC Corporation
• NuID
• Persistent Systems
• Ping Identity
• SelfKey
• Talao
• Truvity
• Validated ID
• Vereign
• Wipro

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.