Newly-released Certificate Authority Market analysis report by Future Market Insights reveals that global sales of the Certificate Authority Market in 2021 were held at USD 130 Million.
With 11.9%, the projected market growth from 2022 to 2032 is expected to be slightly higher than the historical growth. Healthcare is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 11.8% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Certificate Authority Market Size (2022) | USD 145.7 Million |
| Certificate Authority Market Size (2032) | USD 450 Million |
| Certificate Authority Market CAGR (2022 to 2032) | 11.9% |
| USA Market CAGR (2022 to 2032) | 10.2% |
| Key Companies Covered | Sectigo Ltd.; DigiCert Inc.; GoDaddy Inc.; GMO GlobalSign Ltd.; IdenTrust Inc.; Entrust Datacard Corporation; ACTALIS S.p.A; Trustwave Holdings Inc.; WiseKey International Holdings AG; Network Solutions; Let's Encrypt |
As per the Global Certificate Authority Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Certificate Authority Market increased at around 12.3% CAGR. With an absolute dollar opportunity of USD 304 Million, the market is projected to reach a valuation of USD 450 Million by 2032.
In December 2019, there were around 4.6 Million internet users worldwide, accounting for nearly 58% of the total population. This number increased from more than 4.3 Million in December 2018, when it constituted around 55% of the global population.
Many countries run programs to raise awareness about cybersecurity in an effort to combat this problem. Users' acquaintance with digital signature or identity certificates is increasing as a result of such efforts to increase internet users' knowledge of cybersecurity and secure their access to web content, which is positive for the growth of the certificate authority sector.
Cybercriminals are exploiting the pandemic to launch Hypertext Transfer Protocol Secure phishing attacks. They prey on people in distress by employing social engineering techniques to lure them to scam websites that offer everything from treatments to false information. SpyCloud investigated around 130 thousand COVID-19 or coronavirus-related hostnames and fully qualified domain names.
Around 78.4% of COVID-19 domains were found to use both Hypertext Transfer Protocol and Hypertext Transfer Protocol Secure. Following a brief lull in COVID-19-themed threat activity in the spring and early summer of 2021, pandemic-related phishing attempts increased by 33% in June 2021. Google search volume for Delta variation increased in tandem with the increase in June.
As of February 2021, Google Chrome accounted for around 46% of the market share for all internet browsers in the USA. Google claims that most page loads in Chrome on the majority of operating systems use Hypertext Transfer Protocol Secure rather than Hypertext Transfer Protocol. A Hypertext Transfer Protocol Secure-Only Mode will be available as an option in Google's Chrome web browser.
The new feature, which functions as a toggle on the security settings page, limits access to websites that use the Hypertext Transfer Protocol when it is turned on. Another icon that Google proposes to deploy in place of the padlock is a downward-facing chevron or caret that launches a menu for configuring site permissions and accessing other site data.
In a Google survey with moderately tech-savvy participants, only 11% of respondents properly identified the meaning of the padlock icon. Others thought it was the bookmark icon or favicon for the website. And this is another way to warn visitors that just because a site uses Hypertext Transfer Protocol Secure doesn't mean it is trustworthy.
Many government and private organizations throughout the world carry out their business operations online. Businesses across all industry verticals do not use digital certificates for their websites due to a lack of knowledge of the need for secured websites. The vendors think they do not require security certifications as they do not do any internet business.
However, using the web-based email services offered by these websites is not secure. A user may find it difficult to distinguish between a genuine certificate issued by a trustworthy certificate authority and a phony one. However, a digital certificate can be used to positively identify an organization, object, or person on the other side of a web page or mobile app. Since digital certificates are encrypted, they prevent messages and attachments from being changed or tampered with while being transferred via a website.
In order to certify apps, secure internal servers, and IP addresses that do not need public trust but do need the security offered by Secure Sockets Layer encryption, many firms set up their own certification authority or employ self-signed certificates. Data encryption is possible with self-signed certificates, just like certificates from reputable institutions. The certificate can target visitors' connections since it cannot be revoked, unlike a trustworthy certificate. An attacker may try to set up a phony server to intercept all traffic if a user accepts a self-signed certificate or phish the user for more information.
When clients only need to connect to the server via a local intranet, self-signed certificates are typically utilized, which virtually removes the risk of a man-in-the-middle attack. While developing and testing their apps, organizations also use self-signed certifications.
During the projection period, North America is projected to lead the Certificate Authority Market. The USA and Canada have updated or put into effect new national cybersecurity legislation that will boost the certificate authority sector.
Google has continuously expanded its market share in the certificate authority market with the launch of the Google Cloud Certificate Authority Service. In August 2021, Jetstack, Keyfactor, and Small step also joined the CAS partnership program, joining their partners Venafi and AppViewx. The emergence of a huge number of digital certificate providers as well as stringent data security rules and compliance requirements were the key causes for this.
The country lacks a central federal privacy law like the European Union's General Data Protection Regulation. Instead, there is a variety of vertically focused federal privacy legislation together with new customer-oriented privacy laws in certain states.
Among the laws governing data privacy in the US are the Children's Online Privacy Protection Act, passed in 2000, the Health Insurance Portability and Accountability Act, authorized in 1996, and the USA Privacy Act of 1974.
The USA is expected to account for the highest market valued at USD 130.2 Million by the end of 2032. Also, the market in the country is projected to account for an absolute dollar growth of USD 81.1 Million.
The US State Department established the Bureau of Cyberspace and Digital Policy in April 2022 in response to the conflict between Russia and Ukraine as well as a steady stream of threat campaigns and vulnerability releases targeted at the nation.
The bureau's objective is to establish an online defense and privacy-protection policies and recommendations as the Biden administration works to incorporate cybersecurity into American foreign policy. The region's demand for security certificate implementation has increased as a result of these changes.
Market revenue through the healthcare sector is forecasted to grow at a CAGR of over 11.8% from 2022 to 2032. Medical websites and apps should use Secure Sockets Layer encryption since doing so increase the accessibility, affordability, transparency, and cybercrime exposure of healthcare services. After installing Secure Sockets Layer Certificates, every data used in the app or website is encrypted, and only the intended recipient can decrypt it.
The owner of a medical website must ensure that it is Hypertext Transfer Protocol Secure. Choosing the right Secure Sockets Layer certificate should also be a top priority for the Secure Sockets Layer website security of a medical website.
An EV Secure Sockets Layer certificate is suggested since it offers the highest level of validation as well as the encryption required for medical websites. The healthcare industry is considered to account for the highest potential for future growth. A healthcare website must employ digital certificates since hospitals and clinics store massive volumes of private and sensitive data. The healthcare industry has boosted its digitalization initiatives, which will help the certifying authorities' future market expansion potential.
The healthcare sector is increasingly utilizing contemporary technology to provide patients with a customized and user-friendly experience. The expansion strategy of partnerships, mergers, and acquisitions in the healthcare sector vertical has made it more difficult to protect user passwords and other private information.
Medical personnel can protect patient health information on mobile devices like computers and smartphones with the aid of digital certificates. Additionally, the growth in cyberattacks on personally identifiable information is causing healthcare firms to be quite concerned.
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Certificate Authority market are focused on their alliances, technology collaborations, and product launch strategies.
Some of the recent developments of key Certificate Authority providers are as follows:
Similarly, recent developments related to companies in Certificate Authority Market have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by End-User Vertical, 2017 to 2032
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by End-User Vertical, 2017 to 2032
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by End-User Vertical, 2017 to 2032
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 15: Europe Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by End-User Vertical, 2017 to 2032
Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Asia Pacific Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 19: Asia Pacific Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 20: Asia Pacific Market Value (US$ Million) Forecast by End-User Vertical, 2017 to 2032
Table 21: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: MEA Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 23: MEA Market Value (US$ Million) Forecast by Organization Size, 2017 to 2032
Table 24: MEA Market Value (US$ Million) Forecast by End-User Vertical, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Component, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by End-User Vertical, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 11: Global Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 14: Global Market Value (US$ Million) Analysis by End-User Vertical, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by End-User Vertical, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-User Vertical, 2022 to 2032
Figure 17: Global Market Attractiveness by Component, 2022 to 2032
Figure 18: Global Market Attractiveness by Organization Size, 2022 to 2032
Figure 19: Global Market Attractiveness by End-User Vertical, 2022 to 2032
Figure 20: Global Market Attractiveness by Region, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Component, 2022 to 2032
Figure 22: North America Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 23: North America Market Value (US$ Million) by End-User Vertical, 2022 to 2032
Figure 24: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 28: North America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by End-User Vertical, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by End-User Vertical, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-User Vertical, 2022 to 2032
Figure 37: North America Market Attractiveness by Component, 2022 to 2032
Figure 38: North America Market Attractiveness by Organization Size, 2022 to 2032
Figure 39: North America Market Attractiveness by End-User Vertical, 2022 to 2032
Figure 40: North America Market Attractiveness by Country, 2022 to 2032
Figure 41: Latin America Market Value (US$ Million) by Component, 2022 to 2032
Figure 42: Latin America Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 43: Latin America Market Value (US$ Million) by End-User Vertical, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) Analysis by End-User Vertical, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-User Vertical, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-User Vertical, 2022 to 2032
Figure 57: Latin America Market Attractiveness by Component, 2022 to 2032
Figure 58: Latin America Market Attractiveness by Organization Size, 2022 to 2032
Figure 59: Latin America Market Attractiveness by End-User Vertical, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 61: Europe Market Value (US$ Million) by Component, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 63: Europe Market Value (US$ Million) by End-User Vertical, 2022 to 2032
Figure 64: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: Europe Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 71: Europe Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 72: Europe Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) Analysis by End-User Vertical, 2017 to 2032
Figure 75: Europe Market Value Share (%) and BPS Analysis by End-User Vertical, 2022 to 2032
Figure 76: Europe Market Y-o-Y Growth (%) Projections by End-User Vertical, 2022 to 2032
Figure 77: Europe Market Attractiveness by Component, 2022 to 2032
Figure 78: Europe Market Attractiveness by Organization Size, 2022 to 2032
Figure 79: Europe Market Attractiveness by End-User Vertical, 2022 to 2032
Figure 80: Europe Market Attractiveness by Country, 2022 to 2032
Figure 81: Asia Pacific Market Value (US$ Million) by Component, 2022 to 2032
Figure 82: Asia Pacific Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 83: Asia Pacific Market Value (US$ Million) by End-User Vertical, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 94: Asia Pacific Market Value (US$ Million) Analysis by End-User Vertical, 2017 to 2032
Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by End-User Vertical, 2022 to 2032
Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by End-User Vertical, 2022 to 2032
Figure 97: Asia Pacific Market Attractiveness by Component, 2022 to 2032
Figure 98: Asia Pacific Market Attractiveness by Organization Size, 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness by End-User Vertical, 2022 to 2032
Figure 100: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 101: MEA Market Value (US$ Million) by Component, 2022 to 2032
Figure 102: MEA Market Value (US$ Million) by Organization Size, 2022 to 2032
Figure 103: MEA Market Value (US$ Million) by End-User Vertical, 2022 to 2032
Figure 104: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 105: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 106: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 107: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 108: MEA Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 109: MEA Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 110: MEA Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 111: MEA Market Value (US$ Million) Analysis by Organization Size, 2017 to 2032
Figure 112: MEA Market Value Share (%) and BPS Analysis by Organization Size, 2022 to 2032
Figure 113: MEA Market Y-o-Y Growth (%) Projections by Organization Size, 2022 to 2032
Figure 114: MEA Market Value (US$ Million) Analysis by End-User Vertical, 2017 to 2032
Figure 115: MEA Market Value Share (%) and BPS Analysis by End-User Vertical, 2022 to 2032
Figure 116: MEA Market Y-o-Y Growth (%) Projections by End-User Vertical, 2022 to 2032
Figure 117: MEA Market Attractiveness by Component, 2022 to 2032
Figure 118: MEA Market Attractiveness by Organization Size, 2022 to 2032
Figure 119: MEA Market Attractiveness by End-User Vertical, 2022 to 2032
Figure 120: MEA Market Attractiveness by Country, 2022 to 2032
The global Certificate Authority Market is worth more than USD 145.7 Million at present.
The value of the Certificate Authority Market is projected to increase at a CAGR of around 11.9% from 2022 to 2032.
The value of Certificate Authority Market increased at a CAGR of around 12.3% from 2017 to 2021.
The growth of the market for Certificate Authority in the USA is projected to expand at a CAGR of around 10.2% from 2022 to 2032.
The growth of the market for Certificate Authority in China is projected to expand at a CAGR of around 12.9% from 2022 to 2032.
While the market in South Korea is expected to grow at nearly 12.4%, the market in Japan is projected to register a CAGR of nearly 11.3% from 2022 to 2032.
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