United States Self-Sovereign Identity (SSI) Market 2032 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Global self-sovereign identity (SSI) market reached US$1.30 billion in 2024 and is expected to reach US$44.98 billion by 2032, growing with a CAGR of 84.50% during the forecast period 2025-2032.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/self-sovereign-identity-market?sb

Key Development:

United States: Recent SSI / Digital‐ID Developments

✅ In November 2025, Apple launched "Digital ID" a feature that lets U.S. passport holders store their passport or driver's‐license info in their Apple Wallet, enabling secure, privacy‐preserving digital credentials for identity verification at over 250 airports.

✅ In November 2025, the rollout made digital‐passport-based IDs available to iPhone and Apple Watch users marking a significant step toward mainstream adoption of mobile‐based identity credentials in the U.S.

Europe: Recent SSI / Digital‐ID Developments

✅ In November 2025, TrustED a project under the EU's Horizon Europe framework began operational pilots combining SSI, privacy‐enhancing cryptography and decentralised data‐spaces to build citizen‐centric digital identity and secure data‐sharing across Europe.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=self-sovereign-identity-market

✅ In November 2025, the EU Digital Identity Wallet (EUDI Wallet) mandate backed by eIDAS 2.0 / EU regulation framework gained renewed focus: all EU member states are now required to implement at least one EUDI‐compliant wallet, offering users SSI‐style control over credentials like driving licences, diplomas, IDs, etc.

✅ In October 2025, the EU updated its rollout plans under the Digital Europe Programme (2025‐2027), accelerating efforts to deploy digital‐wallet infrastructure for secure identity and mobile‐driving‐licenses across member states.

Middle East & Africa: Recent SSI / Digital‐ID Developments

✅ In October 2025, the digital identity system in the United Arab Emirates reached a milestone: the national Digital ID platform saw broad adoption with millions of verified documents shared through it underlining the UAE's push toward SSI‐style credentials for both public and private services.

✅ In October 2025, a strategic partnership was announced to deploy a digital identity management and authentication solution across Gulf‐region institutions: integrating biometrics and digital‐wallet identity capabilities under a unified identity‐management platform.

✅ In September 2025, a collaborative plan was unveiled to build a federated digital public infrastructure (DPI) for Southern Africa covering multiple countries aimed at interoperable digital‐identity services and inclusive e‐government access, opening the door for SSI‐style frameworks across the region.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/self-sovereign-identity-market?sb

Latin America & Global South Regions: Recent SSI / Digital‐ID Trends

✅ In October 2025, observers noted that many Latin‐American countries are actively exploring digital identity solutions: the region is transitioning away from traditional physical IDs toward mobile‐wallet and verifiable‐credential systems signaling growing interest in SSI‐like identity infrastructure across Latin America.

✅ In September 2025, the global digital‐identity adoption landscape report highlighted that more than 280 digital‐ID networks worldwide are now tracked indicating that emerging markets (beyond US/Europe) are increasingly embracing digital ID systems for authentication, credentials, and identity verification

Key Players:

=> Microsoft Corp, IBM Corporation, DSR Corporation, Voyatek, Dock Labs AG, Okta, Bosch, SAP SE, Validated ID, Netcetera and among others.

Key Segments:

By Component

Software dominates with 60% share, driven by AI- and cloud-enabled identity management platforms, advanced authentication tools, and enterprise integration needs. Services account for 40%, supported by consulting, implementation, managed IAM services, and continuous monitoring for identity security and compliance.

By Identity

Individual identity leads with 55% share, reflecting growing demand for secure personal access, digital authentication, and regulatory compliance in banking, healthcare, and e-commerce. Enterprise identity accounts for 35%, driven by corporate IT infrastructure, employee access management, and cross-platform security requirements. Others make up 10%, including IoT identity management and specialized identity solutions for devices and industrial applications.

By Deployment Mode

Cloud-based IAM solutions dominate with 65% share, fueled by scalability, real-time access control, reduced IT overhead, and support for remote and hybrid workforces. On-premises deployment holds 35%, preferred by organizations with stringent data privacy requirements, critical infrastructure, and regulatory compliance concerns.

By Application

BFSI leads with 25% share, driven by stringent cybersecurity regulations, secure digital banking, and online transaction authentication. Government & public sector accounts for 20%, reflecting adoption in e-governance, citizen services, and national security initiatives. Healthcare & life sciences hold 15%, supported by patient data security and HIPAA compliance. Retail & e-commerce represent 10%, IT & telecom 10%, travel & hospitality 5%, education & research 5%, supply chain & logistics 5%, and other applications 5%, encompassing industrial, energy, and enterprise sectors with specialized access management needs.

By Region

North America - 35% Share
North America leads with 35%, driven by early adoption of IAM solutions, robust IT infrastructure, and stringent cybersecurity and regulatory mandates in the U.S. and Canada.

Europe - 25% Share
Europe holds 25%, supported by GDPR compliance, government initiatives, and adoption across BFSI, healthcare, and enterprise sectors in Germany, U.K., France, Italy, Spain, and neighboring regions.

Asia Pacific - 25% Share
Asia Pacific accounts for 25%, fueled by digital transformation, e-governance initiatives, growing IT & telecom industries, and increased cybersecurity awareness in China, India, Japan, South Korea, and Southeast Asia.

Latin America - 7% Share
Latin America holds 7%, driven by BFSI and government sector adoption, digital identity initiatives, and managed IAM services in Brazil, Mexico, and surrounding countries.

Middle East & Africa - 8% Share
The Middle East & Africa represent 8%, supported by smart city initiatives, enterprise security needs, and growing adoption of cloud-based IAM solutions in GCC countries, South Africa, and emerging markets.

FAQ

What is the current size of the Self-sovereign identity Market?

A: In 2024, the Self-sovereign identity Market was valued at US$1.30 billion , reflecting its strong industry presence.

Q2: How large is the Self-sovereign identity Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Self-sovereign identity Market will grow to around US$44.98 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Self-sovereign identity Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 84.50% during the forecast period from 2025 to 2032.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?sb

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg?sb

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.