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North America Self-Sovereign Identity (SSI) Market Size, Share & Trends Analysis Report By Offering (Solution and Services), By Network (Permissioned and Permissionless), By Identity Type, By Organization Size, By Vertical, By Country and Growth Forecast, 2024 - 2031

Published Date : 24-May-2024

Pages: 115

Formats: PDF

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).

North America Self-Sovereign Identity (SSI) Market

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.

Free Valuable Insights: The Self-Sovereign Identity (SSI) Market is Predict to reach USD 119.6 Billion by 2031, at a CAGR of 81.9%

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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Self-Sovereign Identity (SSI) Market, by Offering
1.4.2 North America Self-Sovereign Identity (SSI) Market, by Network
1.4.3 North America Self-Sovereign Identity (SSI) Market, by Identity Type
1.4.4 North America Self-Sovereign Identity (SSI) Market, by Organization Size
1.4.5 North America Self-Sovereign Identity (SSI) Market, by Vertical
1.4.6 North America Self-Sovereign Identity (SSI) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. North America Self-Sovereign Identity (SSI) Market by Offering
4.1 North America Solution Market by Region
4.2 North America Services Market by Region

Chapter 5. North America Self-Sovereign Identity (SSI) Market by Network
5.1 North America Permissioned Market by Country
5.2 North America Permissionless Market by Country

Chapter 6. North America Self-Sovereign Identity (SSI) Market by Identity Type
6.1 North America Biometrics Market by Country
6.2 North America Non-Biometrics Market by Country

Chapter 7. North America Self-Sovereign Identity (SSI) Market by Organization Size
7.1 North America Large Enterprises Market by Country
7.2 North America Small & Medium Enterprises Market by Country

Chapter 8. North America Self-Sovereign Identity (SSI) Market by Vertical
8.1 North America BFSI Market by Country
8.2 North America Government Market by Country
8.3 North America Media & Entertainment Market by Country
8.4 North America Healthcare & Lifesciences Market by Country
8.5 North America Travel & Hospitality Market by Country
8.6 North America Real Estate & Construction Market by Country
8.7 North America Retail & Consumer Goods Market by Country
8.8 North America Telecom & IT Market by Country
8.9 North America Others Market by Country

Chapter 9. North America Self-Sovereign Identity (SSI) Market by Country
9.1 US Self-Sovereign Identity (SSI) Market
9.1.1 US Self-Sovereign Identity (SSI) Market by Offering
9.1.2 US Self-Sovereign Identity (SSI) Market by Network
9.1.3 US Self-Sovereign Identity (SSI) Market by Identity Type
9.1.4 US Self-Sovereign Identity (SSI) Market by Organization Size
9.1.5 US Self-Sovereign Identity (SSI) Market by Vertical
9.2 Canada Self-Sovereign Identity (SSI) Market
9.2.1 Canada Self-Sovereign Identity (SSI) Market by Offering
9.2.2 Canada Self-Sovereign Identity (SSI) Market by Network
9.2.3 Canada Self-Sovereign Identity (SSI) Market by Identity Type
9.2.4 Canada Self-Sovereign Identity (SSI) Market by Organization Size
9.2.5 Canada Self-Sovereign Identity (SSI) Market by Vertical
9.3 Mexico Self-Sovereign Identity (SSI) Market
9.3.1 Mexico Self-Sovereign Identity (SSI) Market by Offering
9.3.2 Mexico Self-Sovereign Identity (SSI) Market by Network
9.3.3 Mexico Self-Sovereign Identity (SSI) Market by Identity Type
9.3.4 Mexico Self-Sovereign Identity (SSI) Market by Organization Size
9.3.5 Mexico Self-Sovereign Identity (SSI) Market by Vertical
9.4 Rest of North America Self-Sovereign Identity (SSI) Market
9.4.1 Rest of North America Self-Sovereign Identity (SSI) Market by Offering
9.4.2 Rest of North America Self-Sovereign Identity (SSI) Market by Network
9.4.3 Rest of North America Self-Sovereign Identity (SSI) Market by Identity Type
9.4.4 Rest of North America Self-Sovereign Identity (SSI) Market by Organization Size
9.4.5 Rest of North America Self-Sovereign Identity (SSI) Market by Vertical

Chapter 10. Company Profiles
10.1 Microsoft Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Ping Identity Holding Corp. (Thoma Bravo, L.P.)
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Product Launches and Product Expansions:
10.2.2.2 Acquisition and Mergers:
10.3 IDEX Biometrics ASA
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.4 NEC Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 SWOT Analysis
10.5 Validated ID, SL
10.5.1 Company Overview
10.6 Wipro Limited
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 SWOT Analysis
10.7 Persistent Systems Limited
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.8 Trinsic Inc.
10.8.1 Company Overview
10.9 Soulverse Inc.
10.9.1 Company Overview
10.10. Vereign AG
10.10.1 Company Overview
TABLE 1 North America Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
TABLE 2 North America Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
TABLE 3 North America Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
TABLE 4 North America Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
TABLE 5 North America Solution Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Solution Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
TABLE 10 North America Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
TABLE 11 North America Permissioned Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Permissioned Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Permissionless Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Permissionless Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
TABLE 16 North America Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
TABLE 17 North America Biometrics Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Biometrics Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Non-Biometrics Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Non-Biometrics Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
TABLE 22 North America Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
TABLE 23 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Small & Medium Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Small & Medium Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
TABLE 28 North America Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
TABLE 29 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 30 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Government Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Government Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Healthcare & Lifesciences Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Healthcare & Lifesciences Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Travel & Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Travel & Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Real Estate & Construction Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Real Estate & Construction Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Retail & Consumer Goods Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Retail & Consumer Goods Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Telecom & IT Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Telecom & IT Market by Country, 2024 - 2031, USD Million
TABLE 45 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Self-Sovereign Identity (SSI) Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Self-Sovereign Identity (SSI) Market by Country, 2024 - 2031, USD Million
TABLE 49 US Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
TABLE 50 US Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
TABLE 51 US Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
TABLE 52 US Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
TABLE 53 US Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
TABLE 54 US Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
TABLE 55 US Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
TABLE 56 US Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
TABLE 57 US Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
TABLE 58 US Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
TABLE 59 US Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
TABLE 60 US Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
TABLE 61 Canada Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
TABLE 62 Canada Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
TABLE 63 Canada Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
TABLE 64 Canada Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
TABLE 65 Canada Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
TABLE 66 Canada Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
TABLE 67 Canada Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
TABLE 68 Canada Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
TABLE 69 Canada Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
TABLE 70 Canada Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
TABLE 71 Canada Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
TABLE 72 Canada Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
TABLE 73 Mexico Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
TABLE 74 Mexico Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
TABLE 75 Mexico Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
TABLE 76 Mexico Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
TABLE 77 Mexico Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
TABLE 78 Mexico Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
TABLE 79 Mexico Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
TABLE 80 Mexico Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
TABLE 81 Mexico Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
TABLE 82 Mexico Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
TABLE 83 Mexico Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
TABLE 84 Mexico Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
TABLE 85 Rest of North America Self-Sovereign Identity (SSI) Market, 2020 - 2023, USD Million
TABLE 86 Rest of North America Self-Sovereign Identity (SSI) Market, 2024 - 2031, USD Million
TABLE 87 Rest of North America Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2023, USD Million
TABLE 88 Rest of North America Self-Sovereign Identity (SSI) Market by Offering, 2024 - 2031, USD Million
TABLE 89 Rest of North America Self-Sovereign Identity (SSI) Market by Network, 2020 - 2023, USD Million
TABLE 90 Rest of North America Self-Sovereign Identity (SSI) Market by Network, 2024 - 2031, USD Million
TABLE 91 Rest of North America Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2023, USD Million
TABLE 92 Rest of North America Self-Sovereign Identity (SSI) Market by Identity Type, 2024 - 2031, USD Million
TABLE 93 Rest of North America Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2023, USD Million
TABLE 94 Rest of North America Self-Sovereign Identity (SSI) Market by Organization Size, 2024 - 2031, USD Million
TABLE 95 Rest of North America Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2023, USD Million
TABLE 96 Rest of North America Self-Sovereign Identity (SSI) Market by Vertical, 2024 - 2031, USD Million
TABLE 97 Key Information – Microsoft Corporation
TABLE 98 Key information – Ping Identity Holding Corp.
TABLE 99 Key Information – IDEX Biometrics ASA
TABLE 100 KEY INFORMATION – NEC Corporation
TABLE 101 Key Information – Validated ID, SL
TABLE 102 Key Information – Wipro Limited
TABLE 103 Key Information – Persistent Systems Limited
TABLE 104 Key Information – Trinsic Inc.
TABLE 105 Key Information – Soulverse Inc.
TABLE 106 Key Information – Vereign AG

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Self-Sovereign Identity (SSI) Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Self-Sovereign Identity (SSI) Market
FIG 4 Porter’s Five Forces Analysis - Self-Sovereign Identity (SSI) Market
FIG 5 North America Self-Sovereign Identity (SSI) Market share by Offering, 2023
FIG 6 North America Self-Sovereign Identity (SSI) Market share by Offering, 2031
FIG 7 North America Self-Sovereign Identity (SSI) Market by Offering, 2020 - 2031, USD Million
FIG 8 North America Self-Sovereign Identity (SSI) Market share by Network, 2023
FIG 9 North America Self-Sovereign Identity (SSI) Market share by Network, 2031
FIG 10 North America Self-Sovereign Identity (SSI) Market by Network, 2020 - 2031, USD Million
FIG 11 North America Self-Sovereign Identity (SSI) Market share by Identity Type, 2023
FIG 12 North America Self-Sovereign Identity (SSI) Market share by Identity Type, 2031
FIG 13 North America Self-Sovereign Identity (SSI) Market by Identity Type, 2020 - 2031, USD Million
FIG 14 North America Self-Sovereign Identity (SSI) Market share by Organization Size, 2023
FIG 15 North America Self-Sovereign Identity (SSI) Market share by Organization Size, 2031
FIG 16 North America Self-Sovereign Identity (SSI) Market by Organization Size, 2020 - 2031, USD Million
FIG 17 North America Self-Sovereign Identity (SSI) Market share by Vertical, 2023
FIG 18 North America Self-Sovereign Identity (SSI) Market share by Vertical, 2031
FIG 19 North America Self-Sovereign Identity (SSI) Market by Vertical, 2020 - 2031, USD Million
FIG 20 North America Self-Sovereign Identity (SSI) Market share by Country, 2023
FIG 21 North America Self-Sovereign Identity (SSI) Market share by Country, 2031
FIG 22 North America Self-Sovereign Identity (SSI) Market by Country, 2020 - 2031, USD Million
FIG 23 SWOT Analysis: Microsoft Corporation
FIG 24 Recent strategies and developments: Ping Identity Holding Corp.
FIG 25 SWOT Analysis: NEC Corporation
FIG 26 SWOT Analysis: Wipro Limited

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