Blockchain in Self Sovereign Identity Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 5.4 Billion by 2030, growing at a CAGR of 28.3% from 2024 to 2030.
The global market for Blockchain in Self Sovereign Identity (SSI) was valued at approximately USD 340 million in 2022. With a robust compound annual growth rate (CAGR) of 28.5%, the market is projected to reach around USD 1.4 billion by 2027. This rapid expansion reflects the increasing adoption of blockchain technology in enhancing digital identity management solutions. The growth is driven by the rising demand for secure and decentralized identity verification processes, which are vital in mitigating identity theft and fraud. Furthermore, advancements in blockchain technology and growing concerns about data privacy are expected to propel the market forward significantly.
Emerging market opportunities are substantial as governments and enterprises worldwide seek to implement more secure and user-centric identity solutions. The integration of SSI with blockchain technology offers potential for new applications in various sectors including finance, healthcare, and government services. Additionally, the evolution of regulations and standards supporting digital identities is anticipated to create favorable conditions for market expansion. The increasing number of strategic partnerships and investments in SSI solutions also highlights a growing confidence in the market's future potential, making it a fertile ground for innovation and growth.
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1Kosmos
ArcBlock
Blockpass
Cambridge Blockchain Society
Civic Technologies
Danube Tech
Diwala
Finema
IBM
Jolocom
KYC-Chain
Meeco
Metadium Technology
Microsoft
NEC Corporation
NuID
Ontology
Ping Identity
SelfKey Foundation
Sovrin Foundation.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Blockchain in Self Sovereign Identity Market
Banking
Financial Services and Insurance
Healthcare and Life Sciences
Telecommunication and IT
Retail and Consumer Goods
Transportations and Logistics
Others
Based on Types the Market is categorized into Below types that held the largest Blockchain in Self Sovereign Identity market share In 2023.
Based on Public Blockchain
Based on Private Blockchain
Based on Consortium Blockchain
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Blockchain in Self Sovereign Identity Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blockchain in Self Sovereign Identity Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blockchain in Self Sovereign Identity Market, By Type
6. Global Blockchain in Self Sovereign Identity Market, By Application
7. Global Blockchain in Self Sovereign Identity Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blockchain in Self Sovereign Identity Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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