Self-sovereign identity market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031).The market growth is attributed to the increased demand for identity management that gives individuals control over their data and eliminates the need for intermediaries, such as governments and corporations, to manage and store this information globally driving the market growth. SSI can enhance the effectiveness of identity management procedures. The elimination of manual procedures and forms, enable the people toeasily obtain government services and other services needing identity verification. It can aid in lowering wait times and raising theeffectiveness of these procedures.

Get Free Sample link @ https://www.omrglobal.com/request-sample/self-sovereign-identity-market

The ability of SSI to improve personal data security is one of its main benefits. SSI can help reduce the risk of data loss and unauthorized access to sensitive information by granting individuals control over their information. It can be done by utilizing blockchain technology to establish a decentralized, safe record of personal information, to which access is authorized only with the consent of the individual. Giving people control over their data and privacy is one of SSI's other main benefits. By managing their information, people may decide to disclose and keep secrets. It lessens the needless sharing of private information and aids in maintaining individual privacy.

full report of Self-Sovereign Identity (SSI) Market available @ https://www.omrglobal.com/industry-reports/self-sovereign-identity-market

Market Coverage
Market number available for – 2024-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Self-Sovereign Identity Market by Offering

Solutions
Services

Global Self-Sovereign Identity Market by Identity Type

Non-Biometrics
Biometrics

Global Self-Sovereign Identity Market by Vertical

BFSI
IT and Telecom
Government
Real Estate & Construction
Healthcare
Retail and E-Commerce
Travel & Hospitality
Other (Media & Entertainment)

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa

Company Profiles 

ALICE BIOMETRICS. S.L.
Cheqd Foundation Ltd.
Dawex Systems
Dock Labs AG
EVERNYM, inc.
IDEX Biometrics ASA
Infopulse Group
LeewayHertz
Medium Corp.
Ping Identity
Sovrin Foundation
SSI Meetup
TNO
Truvity B.V.
VALIDATEDID SL
id GmbH

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global self-sovereign identity market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/self-sovereign-identity-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404