[250 Pages Report] 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 US$ 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) | US$ 145.7 Million |
| Certificate Authority Market Size (2032) | US$ 450 Million |
| Certificate Authority Market CAGR (2022 to 2032) | 11.9% |
| USA Market CAGR (2022 to 2032) | 10.2% |
| Key Companies Covered |
|
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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 US$ 304 Million, the market is projected to reach a valuation of US$ 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.
Principal Consultant
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.
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The USA is expected to account for the highest market valued at US$ 130.2 Million by the end of 2032. Also, the market in the country is projected to account for an absolute dollar growth of US$ 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.
The global Certificate Authority Market is worth more than US$ 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.
1. Executive Summary | Certificate Authority Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2022 to 2032
5.3.1. Certificate
5.3.1.1. SSL Certificates
5.3.1.2. Code Signing Certificates
5.3.1.3. Secure Email Certificates
5.3.1.4. Authentication Certificates
5.3.2. Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Component, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Organization Size
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Organization Size, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Organization Size, 2022 to 2032
6.3.1. Large Enterprises
6.3.2. Small and Medium-Sized Enterprises
6.4. Y-o-Y Growth Trend Analysis By Organization Size, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Organization Size, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-User Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End-User Vertical, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User Vertical, 2022 to 2032
7.3.1. BFSI
7.3.2. Retail
7.3.3. Healthcare
7.3.4. IT and Telecom
7.3.5. Other
7.4. Y-o-Y Growth Trend Analysis By End-User Vertical, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By End-User Vertical, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. United States of America
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By Organization Size
9.2.4. By End-User Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Organization Size
9.3.4. By End-User Vertical
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By Organization Size
10.2.4. By End-User Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Organization Size
10.3.4. By End-User Vertical
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Component
11.2.3. By Organization Size
11.2.4. By End-User Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Organization Size
11.3.4. By End-User Vertical
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. India
12.2.1.5. Malaysia
12.2.1.6. Singapore
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of APAC
12.2.2. By Component
12.2.3. By Organization Size
12.2.4. By End-User Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Organization Size
12.3.4. By End-User Vertical
12.4. Key Takeaways
13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Component
13.2.3. By Organization Size
13.2.4. By End-User Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Organization Size
13.3.4. By End-User Vertical
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. United States of America
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Component
14.1.2.2. By Organization Size
14.1.2.3. By End-User Vertical
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Component
14.2.2.2. By Organization Size
14.2.2.3. By End-User Vertical
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Component
14.3.2.2. By Organization Size
14.3.2.3. By End-User Vertical
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Component
14.4.2.2. By Organization Size
14.4.2.3. By End-User Vertical
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Component
14.5.2.2. By Organization Size
14.5.2.3. By End-User Vertical
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Component
14.6.2.2. By Organization Size
14.6.2.3. By End-User Vertical
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Component
14.7.2.2. By Organization Size
14.7.2.3. By End-User Vertical
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Component
14.8.2.2. By Organization Size
14.8.2.3. By End-User Vertical
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Component
14.9.2.2. By Organization Size
14.9.2.3. By End-User Vertical
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Component
14.10.2.2. By Organization Size
14.10.2.3. By End-User Vertical
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Component
14.11.2.2. By Organization Size
14.11.2.3. By End-User Vertical
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Component
14.12.2.2. By Organization Size
14.12.2.3. By End-User Vertical
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Component
14.13.2.2. By Organization Size
14.13.2.3. By End-User Vertical
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Component
14.14.2.2. By Organization Size
14.14.2.3. By End-User Vertical
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Component
14.15.2.2. By Organization Size
14.15.2.3. By End-User Vertical
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Component
14.16.2.2. By Organization Size
14.16.2.3. By End-User Vertical
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Component
14.17.2.2. By Organization Size
14.17.2.3. By End-User Vertical
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Component
14.18.2.2. By Organization Size
14.18.2.3. By End-User Vertical
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Component
14.19.2.2. By Organization Size
14.19.2.3. By End-User Vertical
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Component
15.3.3. By Organization Size
15.3.4. By End-User Vertical
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Sectigo Ltd.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. DigiCert Inc.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. GoDaddy Inc.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. GMO GlobalSign Ltd.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. IdenTrust Inc
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. CERTUM PCC
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. ACTALIS S.p.A
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Entrust Datacard Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. WISeKey International Holding AG
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Trustwave Holdings Inc.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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