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PUBLISHER: KBV Research | PRODUCT CODE: 1483531
PUBLISHER: KBV Research | PRODUCT CODE: 1483531
North America Self-Sovereign Identity Market Size, Share & Trends Analysis Report By Offering, By Network, By Identity Type, By Organization Size, By Vertical, By Country and Growth Forecast, 2024 - 2031
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The North America Self-Sovereign Identity (SSI) Market would witness market growth of 80.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Self-Sovereign Identity (SSI) Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $32,209.1 million by 2031. The Canada market is experiencing a CAGR of 84.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 83.2% during (2024 - 2031).
The traditional identity management model involves centralized databases controlled by governments, corporations, or other third parties. This model, however, has significant drawbacks, including the risk of data breaches, lack of transparency, and limited user control. SSI addresses these shortcomings by flipping the script. Instead of entrusting sensitive information to centralized entities, individuals store their identity credentials in a digital wallet-a secure and private repository they can access.
Individuals can selectively disclose only the information necessary for a particular interaction without revealing more than is required. This not only enhances privacy but also minimizes the risk of identity theft and misuse of personal data. Moreover, SSI enables seamless interoperability across different platforms, services, and organizations. By adhering to open standards and protocols, SSI solutions ensure that identities can be verified and authenticated across various ecosystems, fostering trust and efficiency in digital transactions.
The e-commerce sector in North America is substantial and continues to grow steadily. It is dominated by large retailers such as Amazon, Walmart, and eBay, which have established extensive online platforms and logistics networks. The Mexican Online Sales Association estimates that the value of domestic e-commerce increased by 23 percent from 2021 to USD 26.2 billion in 2022. Therefore, the e-commerce sector in North America plays a pivotal role in boosting the demand for the market.
Based on Offering, the market is segmented into Solution and Services. Based on Network, the market is segmented into Permissioned and Permissionless. Based on Identity Type, the market is segmented into Biometrics and Non-Biometrics. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, Government, Media & Entertainment, Healthcare & Lifesciences, Travel & Hospitality, Real Estate & Construction, Retail & Consumer Goods, Telecom & IT, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Microsoft Corporation
- Ping Identity Holding Corp. (Thoma Bravo, L.P.)
- IDEX Biometrics ASA
- NEC Corporation
- Validated ID, SL
- Wipro Limited
- Persistent Systems Limited
- Trinsic Inc.
- Soulverse Inc.
- Vereign AG
North America Self-Sovereign Identity (SSI) Market Report Segmentation
By Offering
- Solution
- Services
By Network
- Permissioned
- Permissionless
By Identity Type
- Biometrics
- Non-Biometrics
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Vertical
- BFSI
- Government
- Media & Entertainment
- Healthcare & Lifesciences
- Travel & Hospitality
- Real Estate & Construction
- Retail & Consumer Goods
- Telecom & IT
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Self-Sovereign Identity (SSI) Market, by Offering
- 1.4.2North America Self-Sovereign Identity (SSI) Market, by Network
- 1.4.3North America Self-Sovereign Identity (SSI) Market, by Identity Type
- 1.4.4North America Self-Sovereign Identity (SSI) Market, by Organization Size
- 1.4.5North America Self-Sovereign Identity (SSI) Market, by Vertical
- 1.4.6North America Self-Sovereign Identity (SSI) Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.North America Self-Sovereign Identity (SSI) Market by Offering
- 4.1North America Solution Market by Region
- 4.2North America Services Market by Region
Chapter 5.North America Self-Sovereign Identity (SSI) Market by Network
- 5.1North America Permissioned Market by Country
- 5.2North America Permissionless Market by Country
Chapter 6.North America Self-Sovereign Identity (SSI) Market by Identity Type
- 6.1North America Biometrics Market by Country
- 6.2North America Non-Biometrics Market by Country
Chapter 7.North America Self-Sovereign Identity (SSI) Market by Organization Size
- 7.1North America Large Enterprises Market by Country
- 7.2North America Small & Medium Enterprises Market by Country
Chapter 8.North America Self-Sovereign Identity (SSI) Market by Vertical
- 8.1North America BFSI Market by Country
- 8.2North America Government Market by Country
- 8.3North America Media & Entertainment Market by Country
- 8.4North America Healthcare & Lifesciences Market by Country
- 8.5North America Travel & Hospitality Market by Country
- 8.6North America Real Estate & Construction Market by Country
- 8.7North America Retail & Consumer Goods Market by Country
- 8.8North America Telecom & IT Market by Country
- 8.9North America Others Market by Country
Chapter 9.North America Self-Sovereign Identity (SSI) Market by Country
- 9.1US Self-Sovereign Identity (SSI) Market
- 9.1.1US Self-Sovereign Identity (SSI) Market by Offering
- 9.1.2US Self-Sovereign Identity (SSI) Market by Network
- 9.1.3US Self-Sovereign Identity (SSI) Market by Identity Type
- 9.1.4US Self-Sovereign Identity (SSI) Market by Organization Size
- 9.1.5US Self-Sovereign Identity (SSI) Market by Vertical
- 9.2Canada Self-Sovereign Identity (SSI) Market
- 9.2.1Canada Self-Sovereign Identity (SSI) Market by Offering
- 9.2.2Canada Self-Sovereign Identity (SSI) Market by Network
- 9.2.3Canada Self-Sovereign Identity (SSI) Market by Identity Type
- 9.2.4Canada Self-Sovereign Identity (SSI) Market by Organization Size
- 9.2.5Canada Self-Sovereign Identity (SSI) Market by Vertical
- 9.3Mexico Self-Sovereign Identity (SSI) Market
- 9.3.1Mexico Self-Sovereign Identity (SSI) Market by Offering
- 9.3.2Mexico Self-Sovereign Identity (SSI) Market by Network
- 9.3.3Mexico Self-Sovereign Identity (SSI) Market by Identity Type
- 9.3.4Mexico Self-Sovereign Identity (SSI) Market by Organization Size
- 9.3.5Mexico Self-Sovereign Identity (SSI) Market by Vertical
- 9.4Rest of North America Self-Sovereign Identity (SSI) Market
- 9.4.1Rest of North America Self-Sovereign Identity (SSI) Market by Offering
- 9.4.2Rest of North America Self-Sovereign Identity (SSI) Market by Network
- 9.4.3Rest of North America Self-Sovereign Identity (SSI) Market by Identity Type
- 9.4.4Rest of North America Self-Sovereign Identity (SSI) Market by Organization Size
- 9.4.5Rest of North America Self-Sovereign Identity (SSI) Market by Vertical
Chapter 10.Company Profiles
- 10.1Microsoft Corporation
- 10.1.1Company Overview
- 10.1.2Financial Analysis
- 10.1.3Segmental and Regional Analysis
- 10.1.4Research & Development Expenses
- 10.1.5Recent strategies and developments:
- 10.1.5.1Product Launches and Product Expansions:
- 10.1.6SWOT Analysis
- 10.2Ping Identity Holding Corp. (Thoma Bravo, L.P.)
- 10.2.1Company Overview
- 10.2.2Recent strategies and developments:
- 10.2.2.1Product Launches and Product Expansions:
- 10.2.2.2Acquisition and Mergers:
- 10.3IDEX Biometrics ASA
- 10.3.1Company Overview
- 10.3.2Financial Analysis
- 10.3.3Regional Analysis
- 10.3.4Research & Development Expenses
- 10.4NEC Corporation
- 10.4.1Company Overview
- 10.4.2Financial Analysis
- 10.4.3Segmental and Regional Analysis
- 10.4.4Research & Development Expenses
- 10.4.5SWOT Analysis
- 10.5Validated ID, SL
- 10.5.1Company Overview
- 10.6Wipro Limited
- 10.6.1Company Overview
- 10.6.2Financial Analysis
- 10.6.3Segmental and Regional Analysis
- 10.6.4Research & Development Expenses
- 10.6.5SWOT Analysis
- 10.7Persistent Systems Limited
- 10.7.1Company Overview
- 10.7.2Financial Analysis
- 10.7.3Segmental and Regional Analysis
- 10.7.4Research & Development Expenses
- 10.8Trinsic Inc.
- 10.8.1Company Overview
- 10.9Soulverse Inc.
- 10.9.1Company Overview
- 10.10.Vereign AG
- 10.10.1Company Overview
LIST OF TABLES
- TABLE 1North America Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
- TABLE 2North America Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
- TABLE 3North America Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
- TABLE 4North America Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
- TABLE 5North America Solution Market by Region, 2020 - 2023, USD Million
- TABLE 6North America Solution Market by Region, 2024 - 2031, USD Million
- TABLE 7North America Services Market by Region, 2020 - 2023, USD Million
- TABLE 8North America Services Market by Region, 2024 - 2031, USD Million
- TABLE 9North America Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
- TABLE 10North America Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
- TABLE 11North America Permissioned Market by Country, 2020 - 2023, USD Million
- TABLE 12North America Permissioned Market by Country, 2024 - 2031, USD Million
- TABLE 13North America Permissionless Market by Country, 2020 - 2023, USD Million
- TABLE 14North America Permissionless Market by Country, 2024 - 2031, USD Million
- TABLE 15North America Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
- TABLE 16North America Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
- TABLE 17North America Biometrics Market by Country, 2020 - 2023, USD Million
- TABLE 18North America Biometrics Market by Country, 2024 - 2031, USD Million
- TABLE 19North America Non-Biometrics Market by Country, 2020 - 2023, USD Million
- TABLE 20North America Non-Biometrics Market by Country, 2024 - 2031, USD Million
- TABLE 21North America Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
- TABLE 22North America Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
- TABLE 23North America Large Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 24North America Large Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 25North America Small & Medium Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 26North America Small & Medium Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 27North America Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
- TABLE 28North America Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
- TABLE 29North America BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 30North America BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 31North America Government Market by Country, 2020 - 2023, USD Million
- TABLE 32North America Government Market by Country, 2024 - 2031, USD Million
- TABLE 33North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
- TABLE 34North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
- TABLE 35North America Healthcare & Lifesciences Market by Country, 2020 - 2023, USD Million
- TABLE 36North America Healthcare & Lifesciences Market by Country, 2024 - 2031, USD Million
- TABLE 37North America Travel & Hospitality Market by Country, 2020 - 2023, USD Million
- TABLE 38North America Travel & Hospitality Market by Country, 2024 - 2031, USD Million
- TABLE 39North America Real Estate & Construction Market by Country, 2020 - 2023, USD Million
- TABLE 40North America Real Estate & Construction Market by Country, 2024 - 2031, USD Million
- TABLE 41North America Retail & Consumer Goods Market by Country, 2020 - 2023, USD Million
- TABLE 42North America Retail & Consumer Goods Market by Country, 2024 - 2031, USD Million
- TABLE 43North America Telecom & IT Market by Country, 2020 - 2023, USD Million
- TABLE 44North America Telecom & IT Market by Country, 2024 - 2031, USD Million
- TABLE 45North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 46North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 47North America Self-Sovereign Identity (SSI) Market by Country, 2020 - 2023, USD Million
- TABLE 48North America Self-Sovereign Identity (SSI) Market by Country, 2024 - 2031, USD Million
- TABLE 49US Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
- TABLE 50US Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
- TABLE 51US Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
- TABLE 52US Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
- TABLE 53US Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
- TABLE 54US Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
- TABLE 55US Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
- TABLE 56US Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
- TABLE 57US Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
- TABLE 58US Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
- TABLE 59US Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
- TABLE 60US Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
- TABLE 61Canada Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
- TABLE 62Canada Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
- TABLE 63Canada Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
- TABLE 64Canada Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
- TABLE 65Canada Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
- TABLE 66Canada Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
- TABLE 67Canada Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
- TABLE 68Canada Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
- TABLE 69Canada Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
- TABLE 70Canada Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
- TABLE 71Canada Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
- TABLE 72Canada Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
- TABLE 73Mexico Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
- TABLE 74Mexico Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
- TABLE 75Mexico Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
- TABLE 76Mexico Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
- TABLE 77Mexico Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
- TABLE 78Mexico Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
- TABLE 79Mexico Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
- TABLE 80Mexico Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
- TABLE 81Mexico Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
- TABLE 82Mexico Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
- TABLE 83Mexico Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
- TABLE 84Mexico Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
- TABLE 85Rest of North America Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
- TABLE 86Rest of North America Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
- TABLE 87Rest of North America Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
- TABLE 88Rest of North America Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
- TABLE 89Rest of North America Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
- TABLE 90Rest of North America Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
- TABLE 91Rest of North America Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
- TABLE 92Rest of North America Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
- TABLE 93Rest of North America Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
- TABLE 94Rest of North America Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
- TABLE 95Rest of North America Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
- TABLE 96Rest of North America Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
- TABLE 97Key Information - Microsoft Corporation
- TABLE 98Key information - Ping Identity Holding Corp.
- TABLE 99Key Information - IDEX Biometrics ASA
- TABLE 100KEY INFORMATION - NEC Corporation
- TABLE 101Key Information - Validated ID, SL
- TABLE 102Key Information - Wipro Limited
- TABLE 103Key Information - Persistent Systems Limited
- TABLE 104Key Information - Trinsic Inc.
- TABLE 105Key Information - Soulverse Inc.
- TABLE 106Key Information - Vereign AG
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