Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||997764|
|Published||Content info||250 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 250 Pages||
Global SSL Certification Market to Reach $8.5 Trillion by 2027
Amid the COVID-19 crisis, the global market for SSL Certification estimated at US$2.5 Trillion in the year 2020, is projected to reach a revised size of US$8.5 Trillion by 2027, growing at a CAGR of 18.8% over the analysis period 2020-2027. Organization Validation (OV), one of the segments analyzed in the report, is projected to record a 19.9% CAGR and reach US$4.2 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Domain Validation (DV) segment is readjusted to a revised 18.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $685 Billion, While China is Forecast to Grow at 23.6% CAGR
The SSL Certification market in the U.S. is estimated at US$685 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Trillion by the year 2027 trailing a CAGR of 23.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.6% and 17.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.
Extended Validation (EV) Segment to Record 16.9% CAGR
In the global Extended Validation (EV) segment, USA, Canada, Japan, China and Europe will drive the 16.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$394 Billion in the year 2020 will reach a projected size of US$1.1 Trillion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Trillion by the year 2027, while Latin America will expand at a 18.1% CAGR through the analysis period.
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