Europe Self-sovereign Identity (ssi) Market Size & Outlook

The self-sovereign identity (ssi) market in Europe is expected to reach a projected revenue of US$ 9,589.8 million by 2030. A compound annual growth rate of 67.7% is expected of Europe self-sovereign identity (ssi) market from 2025 to 2030.
Revenue, 2024 (US$M)
$451.6
Forecast, 2030 (US$M)
$9,589.8
CAGR, 2025 - 2030
67.7%
Report Coverage
Europe

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Europe self-sovereign identity (ssi) market, 2018-2030 (US$M)

Europe self-sovereign identity (ssi) market, 2018-2030 (US$M)

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Europe self-sovereign identity (ssi) market highlights

  • The Europe self-sovereign identity (ssi) market generated a revenue of USD 451.6 million in 2024.
  • The market is expected to grow at a CAGR of 67.7% from 2025 to 2030.
  • In terms of segment, solution was the largest revenue generating offering in 2024.
  • Services is the most lucrative offering segment registering the fastest growth during the forecast period.
  • Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.


Europe data book summary

Market revenue in 2024USD 451.6 million
Market revenue in 2030USD 9,589.8 million
Growth rate67.7% (CAGR from 2025 to 2030)
Largest segmentSolution
Fastest growing segmentServices
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Services


Other key industry trends

  • In terms of revenue, Europe region accounted for 24.3% of the global self-sovereign identity (ssi) market in 2024.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 9,078.1 million by 2030.

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Self-Sovereign Identity (SSI) Market Companies

Name Profile # Employees HQ Website
ConnectID View profile 11-50 Sydney, New South Wales, Australia, Oceania https://connectid.com.au/
AU10TIX View profile 101-250 Hod Hasharon, HaMerkaz, Israel, Asia http://www.au10tix.com
ConsenSys View profile 501-1000 Brooklyn, New York, United States, North America https://consensys.io
SecureKey Technologies View profile 51-100 Toronto, Ontario, Canada, North America http://www.securekey.com
Ping Identity View profile 1001-5000 Denver, Colorado, United States, North America https://www.pingidentity.com
IDEMIA View profile 10001+ Courbevoie, Ile-de-France, France, Europe https://www.idemia.com/
Wipro Ltd ADR View profile 244707 Sarjapur Road, Doddakannelli, Bangalore, KA, India, 560 035 https://www.wipro.com
NEC Corp View profile 118527 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 https://www.nec.com
Microsoft Corp View profile 221000 One Microsoft Way, Redmond, WA, United States, 98052-6399 https://www.microsoft.com
International Business Machines Corp View profile 282200 One New Orchard Road, Armonk, NY, United States, 10504 http://www.ibm.com

Europe self-sovereign identity (ssi) market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to self-sovereign identity (ssi) market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 101.24% in 2024. Horizon Databook has segmented the Europe self-sovereign identity (ssi) market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.


Europe is witnessing strong growth in the SSI market, supported by strict data privacy regulations such as GDPR. The region's focus on digital sovereignty and user-centric identity aligns well with SSI principles. 

Initiatives such as the European Digital Identity Wallet are accelerating adoption across member states. Cross-border digital services and public-private collaborations are further driving market expansion. 

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Target buyers of Europe self-sovereign identity (ssi) market databook

  • Our clientele includes a mix of self-sovereign identity (ssi) market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Europe self-sovereign identity (ssi) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe self-sovereign identity (ssi) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe self-sovereign identity (ssi) market size, by country, 2018-2030 (US$M)

Europe Self-Sovereign Identity (SSI) Market Outlook Share, 2024 & 2030 (US$M)

Europe self-sovereign identity (ssi) market size, by country, 2018-2030 (US$M)

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