PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Estimating Total Addressable Market for Self-Sovereign ID Gone Astray?

Tim Sloane by Tim Sloane
March 11, 2022
in Analysts Coverage, Personal Data
0
Estimating Total Addressable Market for Self-Sovereign ID Gone Astray?

Estimating Total Addressable Market for Self-Sovereign ID Gone Astray?

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Alarm bells should be going off when total addressable market estimates are performed by the company targeting the market and when the estimate isn’t specific regarding what’s being measured, and this article suggests Cheqd failed both tests. It is the latter issue that makes it almost impossible to combine research from multiple sources. Mercator published a prepaid taxonomy that defined how we conducted our prepaid research and how we defined each prepaid segment, in the hopes that it would be followed by others so that multiple research efforts could be compared and combined. Without a specific definition of what is being measured and what isn’t, the TAM results are relatively useless:

“It is hard to know what to make of a new white paper that values the total addressable market for self-sovereign identification at $550 billion annually.

The report was funded by cheqd, a startup building networks on which to securely exchange digital ID data. It was also co-written by cheqd’s CEO, Fraser Edwards, and a cheqd marketing and communications advisor.

Its conclusions are based on a meta-analysis of dozens of third-party reports and articles, but the collection feels cherrypicked to produce big numbers. The result feels a little squishy. For instance, the authors never say whether the market value that they arrive at is global.

Many supporting statistics about submarkets involve worldwide assumptions and totals so it is safe to assume that the $550 billion total is global as well. But other points are similarly vague or obscured by too many figures.”

Mercator recognizes that self-sovereign identity is being baked into the internet infrastructure and we have several reports available on the topic.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

Tags: Dataidentityidentity verificationPersonal DataSelf-Sovereign Identity
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    February 8, 2023
    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix