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The global self-sovereign identity (SSI) market size is expected to reach USD 2,75,329.94 million by 2032, according to a new study by Polaris Market Research. The report u201cSelf-Sovereign Identity (SSI) Market Share, Size, Trends, Industry Analysis Report, By Offering (Solutions, Services); By Identity Type; By Network; By Organization Size; By Vertical; By Region; Segment Forecast, 2024-2032u201d gives a detailed insight into current market dynamics and provides analysis on future market growth.<br><br>
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Self-Sovereign Identity (SSI) Market
Market Segmentation $275.33 BN $1.64 BN 89.8% CAGR 2024 – 2032 Market size 2024 Market size2032
Growth Drivers: • Growing Countries Efforts to Protect Data Privacy • Growing Innovations in the Self-Sovereign Identity Key Players: • 1Kosmos (US) • Accumulate (US) • Affinidi (Singapore) • Blockchain Helix (Germany)
Recent Developments: • In November 2023, Energy Web announced that it has entered into a partnership framework with a European-based energy company, Elia Group, to innovate a digital identity app that incorporates an efficient data exchange system between heat pumps and electric vehicles.
Regional Insights: North America Region Registered the Largest Share of the Global Market in 2023 • North America • Europe • Asia Pacific • Latin America • Middle East & Africa