Question 1

What is driving the growth of the decentralised identity and SSI market?

Accepted Answer

Market growth is driven by rising data breaches, increasing digital fraud, stricter data protection regulations, and the limitations of centralised identity systems across sectors such as BFSI, healthcare, and government.

Question 2

How does self-sovereign identity (SSI) improve data privacy and security?

Accepted Answer

SSI uses blockchain-based decentralized identifiers (DIDs), cryptographic signatures, and zero-knowledge proofs, enabling users to verify credentials without exposing sensitive personal data.

Question 3

Which offerings dominate the decentralised identity and SSI market?

Accepted Answer

Solutions dominate the market as they provide end-to-end frameworks for secure, verifiable, and user-controlled identity management, helping enterprises and governments reduce fraud and meet compliance needs.

Question 4

Which end-user segment leads adoption of decentralised identity solutions?

Accepted Answer

The BFSI sector leads adoption due to strict KYC and AML regulations and its high exposure to identity fraud and data breaches, making secure digital identity verification essential.

Question 5

Which regions are witnessing strong growth in the decentralised identity and SSI market?

Accepted Answer

Asia-Pacific is experiencing rapid growth due to digitisation initiatives, regulatory momentum, and government investments in digital identity infrastructure in countries such as India and China.

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Decentralised Identity and Self-Sovereign Identity (SSI) Market Size, Share, Opportunities, and Trends By Offerings, Technology, End-User, and Geography – Forecasts From 2025 To 2030