GITNUX MARKETDATA REPORT 2024

Self Sovereign Identity Industry Statistics

The self-sovereign identity industry is expected to grow significantly in the coming years, with an increasing number of users and companies adopting this decentralized and secure form of identity management.

Statistic 1

"80% of cybersecurity experts advocate for SSI technology as a priority in identity management."

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Statistic 2

"Analysts predict a compound annual growth rate (CAGR) of 18% for the SSI market."

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Statistic 3

"The European Union has invested over €20 million in SSI research and development."

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Statistic 4

"The Department of Homeland Security awarded $190,000 to mySSI to advance SSI technologies."

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Statistic 5

"70% of consumers feel more secure using SSI technology vs. traditional ID verification."

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Statistic 6

"Self-sovereign identity can reduce identity fraud by 30%."

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Statistic 7

"The number of SSI startups quadrupled from 2017 to 2020."

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Statistic 8

"Weekly mentions of 'self-sovereign identity' on Twitter increased by 150% between 2019 and 2020."

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Statistic 9

"Government interest in SSI increased by 120% from 2018 to 2020."

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Statistic 10

"65% of digital wallet apps now offer or are planning to offer SSI features."

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Statistic 11

"55% of blockchain patents filed in 2020 included claims related to identity sovereignty."

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Statistic 12

"Microsoft has integrated SSI solutions into its Azure Active Directory platform."

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Statistic 13

"The average cost savings per user per year with SSI implementations are estimated to be $20."

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Statistic 14

"The market size for self-sovereign identity is projected to reach $3 billion by 2025."

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Statistic 15

"Approximately 60% of blockchain development companies are researching self-sovereign identity solutions."

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Statistic 16

"25% of global conglomerates are projected to incorporate SSI by 2025."

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Statistic 17

"Over 40% of financial institutions are piloting SSI-based projects."

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Statistic 18

"35% of tech startups in 2020 explored SSI as part of their services."

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Statistic 19

"Github hosts over 500 repositories related to SSI development projects."

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Statistic 20

"Over 500,000 people are involved in online discussions about SSI monthly."

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