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The global self-sovereign identity (SSI) market size is projected to grow from USD 1.8 billion in 2024 to USD 47.1 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 90.5% during the forecast period. The expansion of self-sovereign identity is propelled by its critical role in revolutionizing healthcare data management and enhancing patient privacy and trust. SSI ensures seamless interoperability across healthcare systems by empowering individuals with control over their health information, enabling efficient and secure data sharing.

Leading Self-Sovereign Identity (SSI) Companies include

• IDEX Biometrics (Norway),
• NEC (Japan),
• Microsoft (US),
• Dock (Switzerland),
• Validated ID (Spain), and many more....

Partnerships, agreements, collaborations, acquisitions, and product developments are various growth strategies these players use to increase their market presence.

To know about the assumptions considered for the study download the pdf brochure

NEC

NEC is a leading global technology company recognized for its innovative ICT solutions spanning multiple industries. Operating across five key segments—Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, and Global Business—it delivers a wide range of services from system integration and maintenance to cloud computing and network infrastructure products. NEC specializes in digital government and finance solutions, IoT platforms, and innovative city technologies, focusing on AI, IoT, biometrics, 5G, and cloud computing. With a commitment to sustainability and diversity, NEC serves diverse markets in the Americas, Europe, the Middle East & Africa, and Asia Pacific. In the field of SSI, NEC offers blockchain-based digital identity management, enhancing security, efficiency, and user control over personal data in sectors like healthcare and finance.

IDEX Biometrics

IDEX Biometrics is a prominent provider of fingerprint identification technologies specializing in secure and user-friendly authentication solutions. The company invents, engineers, and commercializes authentication products that enable secure payments, identity verification, and information access. With a global presence, IDEX Biometrics designs and sells fingerprint authentication solutions across Europe, the Americas, and Asia Pacific. Its primary focus is contactless financial payment, access control, and innovative card applications, serving manufacturers in these markets. In the field of SSI, IDEX Biometrics offers a range of products, including the IDX3200, IDX3201, and IDX3205, along with the Trusted Bio family and a remote enrolment solution. These solutions provide robust fingerprint authentication for secure and reliable identity verification across various applications.

Microsoft

Microsoft, a leader in the technology industry, is actively involved in the Self-Sovereign Identity (SSI) market. Through initiatives like Azure Active Directory and Microsoft Authenticator, they provide secure identity management solutions, empowering individuals to control their digital identities. Leveraging blockchain technology and decentralized identifiers (DIDs), Microsoft aims to enhance privacy, security, and interoperability in the digital identity space. Their commitment to open standards and collaboration with industry partners reinforces their position as a key player in driving the adoption of SSI solutions globally.

Dock

Dock, headquartered in Switzerland, is a prominent player in the Self-Sovereign Identity (SSI) market. They offer blockchain-based solutions that enable individuals to manage and control their digital identities securely. Dock's platform facilitates the issuance, verification, and sharing of verifiable credentials, empowering users to assert their identity across various applications and services. With a focus on privacy, interoperability, and user-centricity, Dock aims to revolutionize identity management by putting individuals in control of their personal data. Their innovative approach and commitment to decentralized identity principles position them as a key contributor to the advancement of SSI technology.

Validated ID

Validated ID, based in Spain, is a notable player in the Self-Sovereign Identity (SSI) market. They provide secure and user-centric identity verification solutions powered by blockchain technology. Validated ID's platform enables individuals to create and manage their digital identities autonomously while ensuring privacy, security, and compliance with regulatory requirements. Their focus on enhancing trust, transparency, and convenience in digital interactions positions them as a trusted partner for organizations seeking to adopt SSI solutions. With a commitment to empowering individuals and organizations with self-sovereign identity capabilities, Validated ID contributes to the advancement of decentralized identity ecosystems globally.

Related Reports:

Self-Sovereign Identity (SSI) Market by Offering (Solutions and Services), Identity Type (Biometrics and Non-biometrics), Network, Organization Size, Vertical (BFSI, IT & ITES, and Healthcare) and Region - Global Forecast to 2029