Introduction

• Rapid Market Expansion: The global self-sovereign identity (SSI) market reached a valuation of USD 1.87 billion in 2024 and is projected to grow at a staggering CAGR of 64.9% from 2025 to 2030, reflecting a major shift toward decentralized digital identity solutions.
• Rising Demand for Secure Digital Identity: Accelerating concerns over data privacy, coupled with the increasing use of decentralized apps, are fueling demand for secure mobile identity management systems across industries including finance, healthcare, and government.
• Technology-Driven Transformation: The growing integration of blockchain and cryptographic technologies in identity verification processes is reshaping traditional identity ecosystems, empowering users with full control over their personal data and enhancing trust in digital interactions.

Strategic Group Analysis: Global Self-Sovereign Identity (SSI) Market

• Technology Innovators: Companies heavily invested in blockchain, zero-knowledge proofs, and cryptographic frameworks are leading the innovation wave, focusing on developing interoperable and scalable SSI platforms.
• Identity Verification Specialists: Established digital identity providers are expanding their portfolios by integrating decentralized identity features, bridging traditional KYC/AML compliance with next-gen SSI capabilities.
• Enterprise Adoption Leaders: Large enterprises across finance, healthcare, and government sectors are emerging as early adopters, forming strategic alliances with SSI startups to streamline onboarding, authentication, and access control.
• Platform Ecosystem Builders: A group of players is focused on building end-to-end SSI ecosystems, including digital wallets, decentralized identifiers (DIDs), and verifiable credential (VC) issuers, often aligning with W3C standards.
• Regulatory Alignment Strategists: Firms operating in highly regulated markets are prioritizing compliance-first SSI solutions, aligning with evolving data protection laws such as GDPR, eIDAS 2.0, and India’s Digital Personal Data Protection Act.
• Open-Source Collaborators: A strong cohort of open-source contributors and foundations is shaping the future of SSI by promoting transparency, interoperability, and community-led development of core protocols and tools.

Market Segmentation: Global Self-Sovereign Identity (SSI) Market

By Component

• Platforms
• Solutions
• Services

• Consulting Services
• Integration & Implementation
• Support & Maintenance

By Application

• Identity Verification & Authentication
• Access Control & Authorization
• Digital Credentials Management
• Secure Transactions
• Compliance Management

By Deployment Mode

• Cloud-Based
• On-Premises
  

By End-Use Industry

• Banking, Financial Services & Insurance (BFSI)
• Healthcare & Life Sciences
• Government & Public Sector
• Telecommunications
• Travel & Hospitality
• Education
• Retail & E-commerce
• IT & ITeS
  

By Region (Global)

North America

• United States
• Canada
• Mexico

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• South Korea
• India
• Australia
• Rest of Asia-Pacific

Latin America

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Key Players: Global Self-Sovereign Identity (SSI) Market

• Microsoft Corporation
• IBM Corporation
• Jolocom
• Sovrin Foundation
• Serto (formerly uPort)
• Evernym (acquired by Avast/Gen Digital)
• R3 Corda
• Veramo
• Dock.io
• SelfKey
• Indicio.tech
• Bloom Protocol
• Sphereon
• Trinsic
• Avast (Gen Digital Inc.)
• Civic Technologies
• Ontology
• Auth0 (Okta Inc.)
• GlobaliD
• Others