Press Release

Self-Sovereign Identity Market to Reach USD 34.65 Billion by 2030

Pune, India – November 12, 2025 - Global Data Route Analytics is pleased to announce the findings of its latest market intelligence report on the Global Self-Sovereign Identity (SSI) Technology Market, which reveals a staggering growth trajectory. Valued at USD 1.87 billion in 2024, the SSI market is forecast to grow at a remarkable CAGR of 64.9% from 2025 to 2030, reaching an estimated USD 34.65 billion by 2030.

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Decentralized Identity Revolution Underway

As the world increasingly embraces decentralized digital identity frameworks, SSI solutions are emerging as a cornerstone for data ownership, privacy, and user-centric control in digital ecosystems. The integration of blockchain, zero-knowledge proofs, and cryptographic security mechanisms is transforming how individuals and enterprises approach identity verification.

Key Market Drivers

  • Rising privacy concerns and regulatory pressure around data protection.
  • Surge in decentralized apps and Web3 platforms demanding robust identity systems.
  • Growing need for secure, mobile-friendly authentication across verticals like BFSI, healthcare, and public sector services.
  • Government push for digital credential ecosystems in developed and emerging economies.

Comprehensive Market Segmentation

The report breaks down the SSI market across:

  • Component: Platforms, Solutions, Services (Consulting, Integration & Implementation, Support & Maintenance)
  • Application: Identity Verification, Access Control, Digital Credentials Management, Secure Transactions, and Compliance
  • Deployment Mode: Cloud-Based and On-Premises
  • End-Use Industries: BFSI, Healthcare, Government, Telecom, Travel, Education, Retail, IT & ITeS
  • Regions/Countries: U.S., Canada, Germany, U.K., France, China, Japan, India, UAE, Brazil, and more

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Competitive Landscape & Key Players

The market features an active mix of tech giants, blockchain pioneers, and digital ID innovators, including:

  • Microsoft Corporation
  • IBM Corporation
  • Serto (formerly uPort)
  • Evernym (Avast/Gen Digital)
  • Sovrin Foundation
  • Dock.io, SelfKey, Trinsic, Civic Technologies, and Ontology, among others

The report also includes market share analysis, competitive benchmarking, and detailed company profiles of 19 key players, offering actionable insights into strategic positioning and innovation pipelines.

Strategic Insights Included

  • SWOT Analysis
  • Porter’s Five Forces
  • Technology Landscape
  • Regulatory Frameworks
  • Future Market Opportunities

This report serves as a crucial resource for technology leaders, digital identity strategists, governments, and investors looking to capitalize on the next-generation identity management paradigm.

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About Global Data Route Analytics
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.

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Media Contact:

Srushti Tungar
Global Data Route Analytics

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