Europe 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 -

Europe 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 Europe Self-Sovereign Identity (SSI) Market would witness market growth of 81.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe 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 $7,481.6 million by 2031. The UK market is exhibiting a CAGR of 79.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 82.7% during (2024 - 2031).

The potential applications of SSI are vast and diverse. From streamlining online authentication and KYC (Know Your Customer) processes to enabling secure voting systems and healthcare records management, SSI has the power to revolutionize countless industries and sectors. This rising demand for digital identity solutions has led to the rapid expansion of the market. Organizations across sectors recognize SSI's value in enhancing security, compliance, and user experience.

Self-sovereign identity represents a paradigm shift in how consumers approach digital identity—a shift towards empowerment, privacy, and user-centricity. As SSI gains momentum, it has the potential to reshape the digital landscape, putting individuals back in control of their identities and ushering in a new era of trust and security online. Digital transformation drives the shift towards online services and digital platforms across banking, healthcare, retail, and government industries.

The expansion of IoT in Europe presents opportunities to integrate self-sovereign identity principles into connected ecosystems, fostering greater data ownership, privacy, and security for individuals and organizations. According to the Government of the UK, in 2021, the number of IoT devices in the UK is projected to grow to over 150 million in 2024 from 13 million in 2006. Thus, the expansion of IoT and the increase in the usage of electronic devices results in a higher demand in 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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
Europe 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
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Self-Sovereign Identity (SSI) Market, by Offering
1.4.2 Europe Self-Sovereign Identity (SSI) Market, by Network
1.4.3 Europe Self-Sovereign Identity (SSI) Market, by Identity Type
1.4.4 Europe Self-Sovereign Identity (SSI) Market, by Organization Size
1.4.5 Europe Self-Sovereign Identity (SSI) Market, by Vertical
1.4.6 Europe 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. Europe Self-Sovereign Identity (SSI) Market by Offering
4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Self-Sovereign Identity (SSI) Market by Network
5.1 Europe Permissioned Market by Country
5.2 Europe Permissionless Market by Country
Chapter 6. Europe Self-Sovereign Identity (SSI) Market by Identity Type
6.1 Europe Biometrics Market by Country
6.2 Europe Non-Biometrics Market by Country
Chapter 7. Europe Self-Sovereign Identity (SSI) Market by Organization Size
7.1 Europe Large Enterprises Market by Country
7.2 Europe Small & Medium Enterprises Market by Country
Chapter 8. Europe Self-Sovereign Identity (SSI) Market by Vertical
8.1 Europe BFSI Market by Country
8.2 Europe Government Market by Country
8.3 Europe Media & Entertainment Market by Country
8.4 Europe Healthcare & Lifesciences Market by Country
8.5 Europe Travel & Hospitality Market by Country
8.6 Europe Real Estate & Construction Market by Country
8.7 Europe Retail & Consumer Goods Market by Country
8.8 Europe Telecom & IT Market by Country
8.9 Europe Others Market by Country
Chapter 9. Europe Self-Sovereign Identity (SSI) Market by Country
9.1 Germany Self-Sovereign Identity (SSI) Market
9.1.1 Germany Self-Sovereign Identity (SSI) Market by Offering
9.1.2 Germany Self-Sovereign Identity (SSI) Market by Network
9.1.3 Germany Self-Sovereign Identity (SSI) Market by Identity Type
9.1.4 Germany Self-Sovereign Identity (SSI) Market by Organization Size
9.1.5 Germany Self-Sovereign Identity (SSI) Market by Vertical
9.2 UK Self-Sovereign Identity (SSI) Market
9.2.1 UK Self-Sovereign Identity (SSI) Market by Offering
9.2.2 UK Self-Sovereign Identity (SSI) Market by Network
9.2.3 UK Self-Sovereign Identity (SSI) Market by Identity Type
9.2.4 UK Self-Sovereign Identity (SSI) Market by Organization Size
9.2.5 UK Self-Sovereign Identity (SSI) Market by Vertical
9.3 France Self-Sovereign Identity (SSI) Market
9.3.1 France Self-Sovereign Identity (SSI) Market by Offering
9.3.2 France Self-Sovereign Identity (SSI) Market by Network
9.3.3 France Self-Sovereign Identity (SSI) Market by Identity Type
9.3.4 France Self-Sovereign Identity (SSI) Market by Organization Size
9.3.5 France Self-Sovereign Identity (SSI) Market by Vertical
9.4 Russia Self-Sovereign Identity (SSI) Market
9.4.1 Russia Self-Sovereign Identity (SSI) Market by Offering
9.4.2 Russia Self-Sovereign Identity (SSI) Market by Network
9.4.3 Russia Self-Sovereign Identity (SSI) Market by Identity Type
9.4.4 Russia Self-Sovereign Identity (SSI) Market by Organization Size
9.4.5 Russia Self-Sovereign Identity (SSI) Market by Vertical
9.5 Spain Self-Sovereign Identity (SSI) Market
9.5.1 Spain Self-Sovereign Identity (SSI) Market by Offering
9.5.2 Spain Self-Sovereign Identity (SSI) Market by Network
9.5.3 Spain Self-Sovereign Identity (SSI) Market by Identity Type
9.5.4 Spain Self-Sovereign Identity (SSI) Market by Organization Size
9.5.5 Spain Self-Sovereign Identity (SSI) Market by Vertical
9.6 Italy Self-Sovereign Identity (SSI) Market
9.6.1 Italy Self-Sovereign Identity (SSI) Market by Offering
9.6.2 Italy Self-Sovereign Identity (SSI) Market by Network
9.6.3 Italy Self-Sovereign Identity (SSI) Market by Identity Type
9.6.4 Italy Self-Sovereign Identity (SSI) Market by Organization Size
9.6.5 Italy Self-Sovereign Identity (SSI) Market by Vertical
9.7 Rest of Europe Self-Sovereign Identity (SSI) Market
9.7.1 Rest of Europe Self-Sovereign Identity (SSI) Market by Offering
9.7.2 Rest of Europe Self-Sovereign Identity (SSI) Market by Network
9.7.3 Rest of Europe Self-Sovereign Identity (SSI) Market by Identity Type
9.7.4 Rest of Europe Self-Sovereign Identity (SSI) Market by Organization Size
9.7.5 Rest of Europe 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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