Self-Sovereign Identity (SSI) Market Size, Share, By Offering (Solutions and Services), By Identity (Biometrics and Non-biometrics), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Vertical (Financial Services, Supply Chain & Logistics, Healthcare, Government, and Others), and By Region - Trends, Analysis and Forecast till 2034

Self-Sovereign Identity (SSI) Market Size was valued at USD 1.62 Billion in 2024 and is expected to reach USD 589.02 Billion by 2034, growing at a CAGR of 82.50%

Self-sovereign identity (SSI) is a decentralized digital identifying concept in which individuals have complete authority over the sharing and using of their personal data. Under this approach, users own and control their identification data; they do not depend on third parties or a centralized authority. SSI creates digital credentials that are verified, tamper-proof, and selectively released using distributed ledger technology, or blockchain. These credentials, including qualifications, credentials, or personal information, are stored in digital wallets under the users' sole control.

Enhancing security and privacy, users may authenticate their identity or supply specific information without revealing unnecessary information. The core principles SSI maintains are existence, control, access, transparency, persistence, portability, interoperability, consent, minimization, and protection. This strategy addresses privacy, security, and user autonomy issues in the digital age. It can totally alter identity management across several industries, including banking, healthcare, education, and government services.