Certificate Authority Market

Global Certificate Authority Market Size (2024 to 2029)

The global certificate authority market is predicted to reach USD 120 million in 2024 and USD 200 million by 2029, growing at a CAGR of 10.20% during the forecast period.

The certificate authority (CA) is an organization that allocates digital certificates to websites. The certification authority is a trusted third party relying on the certificate also the certificate owner. A digital certificate cryptographically binds the ownership of a public key to the entity that owns it. Governments or large organizations sometimes have their own PKIs (public key infrastructure) containing their own certification authorities. Digital certificates add encryption to ensure website protection. Confidential information such as usernames, credit cards, passwords, and other private data sent over the Internet is protected by digital certificates.

Current Scenario of the Global Certificate Authority Market

The global market for trusted digital certificates is largely in the hands of a small number of multinational companies. Certificate authorities employ different validation techniques like domain validation, extended validation, organizational validation, etc. Commercial certification authorities frequently use a combination of techniques to ensure accuracy. The market for certification authorities is influenced by a number of standards, such as the General Data Protection Regulation (GDPR), the Sarbanes-Oxley Act (SOX), as well as the Payment Card Industry Data Security Standard (PCI DSS). The healthcare industry is expected to grow at a substantial rate during the forecast period due to the rising need to protect customer data and meet compliance requirements. Growing incidents of cyber-attacks against Personally Identifiable Information (PII), Electronic Health Record (EHR), and Protected Health Information (PHI) are major concerns for healthcare organizations.

MARKET DRIVERS

The growing need to build trust between the growing online customer base and the growing responsiveness of Internet users to protect access to the Web is stimulating the market for certification authorities. Organizations are currently focusing on adhering to strict regulations and compliance, thereby stimulating the market for certification authorities. The market for certification authorities presents significant barriers to entry due to advanced technical requirements. The implementation of self-signed certificates is hampering the expansion of this market. The novel trends in the Internet of Things (IoT) are predicted to generate immense growth potential for the global certificate authority market in the following years.

The healthcare sector is rapidly implementing cutting-edge technologies to provide patients with an instinctive and personalized experience. The growth strategy of partnerships, mergers, and acquisitions in the healthcare industry has improved the complexity of managing user credentials and other confidential information. Digital certificates help healthcare professionals protect personal health information on mobile devices like laptops and smartphones. In addition, the increase in cyber-attack incidents against personally identifiable information (PII) is a major concern for healthcare organizations.

According to Thomson Reuters, identity theft is the most common type of data breach incident in the world. In 2018, identity theft accounted for more than 65% of all global data breaches and about 40% of all records compromised that year. The service sector had the highest number of identities exposed in 2018, with more than 914 million. This figure represented just over 90% of all characters exposed during data breaches 2018.

Impact of COVID-19 on the Global Certificate Authority Market

However, trade wars and changes in growth have been a challenge for the end-user industries. With the current COVID-19 outbreak, the market for certification authorities plays an essential role in ensuring that the products and services offered, particularly in the health sector, meet fundamental requirements.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Certificate Authority Market Analysis By Type

In terms of type, the market can be classified into SSL certificates, secure messaging certificates, authentication certificates, and code signing certificates. The SSL certificates account for a leading portion of the international market because of their properties like encryption, non-repudiation, integrity, and authentication.

Global Certificate Authority Market Analysis By Component

Depending on the components, the market can be classified into software and services. The services segment is further divided into support services, integration and implementation services, and managed services.

Global Certificate Authority Market Analysis By Organization Size

In terms of organizational size, the market can be divided into small and medium-sized enterprises (SMEs) and large companies.

Global Certificate Authority Market Analysis By Vertical Sector

Depending on the vertical, the market for certification authorities can be classified into banking, financial, and insurance services (BFSI), retail, IT and telecommunications, government and defense, healthcare, and others. The banking, financial services, and insurance (BFSI) sector dominates the market for certification authorities. The healthcare industry provides significant growth opportunities for the certificate authority market.

REGIONAL ANALYSIS

The global market for certificate authorities can be classified as North America, Asia-Pacific, Middle East and Africa, South America, and Europe. North America is expected to dominate the market for certificate authorities, which is fuelled by strict data security regulations in the region. North America is also expected to have the largest CAGR during the forecast period in the certificate authority market by area. The main drivers of growth in the North American market are the strong presence of primary certification authorities and strict data compliance and security standards.

KEY PARTICIPANTS IN THE GLOBAL CERTIFICATE AUTHORITY MARKET

The main providers presented in the report are IdenTrust (United States), Comodo CA (United States), DigiCert (United States), GoDaddy (United States), GlobalSign (United States), Asseco Data Systems (Poland), ACTALIS (Italy), Entrust Datacard (United States), Trustwave (United States), SSL.com (United States), Network Solutions (United States), TWCA (China), SwissSign (Switzerland), WISeKey (Switzerland), OneSpan (United States), Buypass (Norway), Camerfirma (Spain), Hongkong Post (Hong Kong), EBG Information Technologies and Services (Turkey), Harica (Greece), Certigna (France), NETLOCK (Hungary), TURKTRUST (Turkey), certSIGN (Romania) and Disig (Slovakia).

RECENT HAPPENINGS IN THE GLOBAL CERTIFICATE AUTHORITY MARKET

• In May 2020, GlobalSign Inc. announced the launch of its new automated public key infrastructure (PKI) platform, Atlas, which is essential for all GlobalSign solutions, assisting in PKI initiatives for customers. Existing solutions of this firm will be slowly integrated into Atlas in the coming years.

• In March 2020, For the sake of customer safety and comfort, Echo Investment, in collaboration with Asseco Data Systems and Samsung Electronics Poland, set up digital contracts for the reservation of premises signed on a mobile device. The service uses qualified biometric electronic signature technology based on a dedicated CRM system.

DETAILED SEGMENTATION OF THE GLOBAL CERTIFICATE AUTHORITY MARKET INCLUDED IN THIS REPORT

This research report on the global certification authority market has been segmented and sub-segmented based on the type, component, size of organization, vertical sector, and region.

By Type

• SSL              

• Secure Email           

• Code Signing          

• Authentication Certificates      

By Component

• Software  

• Services    

By Organization Size

• Large Enterprises 

• SMEs         

By Vertical Sector

• Banking, Financial and Insurance Services (BFSI)    

• Retail         

• IT and Telecommunications             

• Government and Defense               

• Healthcare              

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus