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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,

Publisher Knowledge Based Value (KBV) Research
Published May 17, 2024
Length 115 Pages
SKU # KBV18804784

Description

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


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

115 Pages
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

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