Market Research Report
Certificate Authority Market by Certificate Type (SSL, Secure Email, Code Signing, and Authentication Certificates), Service, SSL Certificate Validation Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||696455|
|Published||Content info||140 Pages
Delivery time: 1-2 business days
|Certificate Authority Market by Certificate Type (SSL, Secure Email, Code Signing, and Authentication Certificates), Service, SSL Certificate Validation Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023|
|Published: September 6, 2018||Content info: 140 Pages||
"Growing need to build trust among rapidly expanding online customer base to drive the global certificate authority market"
The global certificate authority market size is expected to grow from USD 76.2 million in 2018 to USD 123.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. The major growth drivers for the market include companies' growing need to build trust among the rapdily expanding online customer base, an increasing awareness among internet users about secure web access, and adhering to stringent regulations and compliances. However, running a private certificate authority or using self-signed certificates, could restrain the market growth.
The authentication certificates segment in the market by certificate types is expected to grow at the highest CAGR during the forecast period. Authentication certificates are used to authenticate organizations during the communication process with the app users. These certificates authenticate users who access a server by exchanging the client authentication certificate. The certificate-based authentication uses a digital certificate to identify a user, machine, or device before granting access to a resource, network, and application. The growing IoT and BYOD trends are also expected to increase the adoption of authentication certificates.
The domain validation offers organizations an economical and quick and easy-to-implement option for securing their website. It is domain validated and fully automated validation type that enables users to start protecting their eCommerce, logins, webmail, blog visitors, and more within a few minutes. It is one of the fastest and most affordable ways to activate SSL protection for the website. It activates the browser padlock and https, and assures website visitors and customers that the website owner considers their privacy as crucial. These features are driving the adoption of the domain validation is among small and medium-sized enterprises (SMEs) and large enterprises.
The healthcare industry vertical is rapidly deploying cutting-edge technologies to offer patients with the intuitive, personalized experience. The mergers, acquisitions, and partnerships growth strategy in the healthcare industry vertical have increased the complexity of managing the user credentials and the other sensitive information. Additionally, the increasing incidents of cyber-attacks on Personally Identifiable Information (PII), Electronic Health Record (EHR), and Protected Health Information (PHI) are major concerns for healthcare organizations. Healthcare organizations use digital certificates to prevent theft risks of patients' medical records. The digital certificates help healthcare professionals to secure personal health information in their mobile devices, such as laptops and smartphones.
In the certificate authority market by region, APAC is expected to record growth at the highest CAGR during the forecast period, owing to an increasing number of enterprises in APAC countries are admitting the significance of data security, and are receptive toward adopting dedicated digital certificates to protect their critical and sensitive business data from commercial espionage, cyber threats, and misuse of data for monetary gains. Additionally, the major countries in the region have all updated or introduced new national cybersecurity policies that would drive the certificate authority market.
The following is the breakup of primary discussion participants' profiles:
Key vendors in the certificate authority market include: IdenTrust (US), Comodo CA (US), DigiCert (US), GoDaddy (US), GlobalSign (US), Asseco Data Systems (Poland), ACTALIS (Italy), Entrust Datacard (US), Trustwave (US), SSL.com (US), Network Solutions (US), TWCA (China), SwissSign (Switzerland), WISeKey (Switzerland), OneSpan (US), 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).
The report covers the global certificate authority market by certificate types, services, SSL certificate validation types, organization size, industry verticals, and regions. Its detailed analysis of the regions provides insights into opportunities across regions. The report also includes the strength of service portfolio and business strategy excellence.
The report will help the market leaders/new entrants in the certificate authority market in the following ways:
*Details on Business Overview, Products & Services, Certificate Pricing Model, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.