Product Code: GVR-4-68040-262-2
Certificate Authority Market Growth & Trends:
The global certificate authority market size is anticipated to reach USD 401.4 million by 2030 and is projected to grow at a CAGR of 13.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Advancements in technologies such as cloud computing, mobile computing, and blockchain have created new opportunities and challenges for securing digital communications. Certificate authorities (CAs) are adapting to these changes by offering innovative solutions tailored to the needs of modern IT infrastructures.
The growing demand for e-commerce propels the need for SSL/TLS certificates crucial in securing online transactions. Enhanced Validation (EV) certificates, with severe identity verification processes, are favored by e-commerce platforms seeking to instill trust in customers. The e-commerce landscape, including e-commerce and omni-channel retailing, boosts innovation toward multi-domain and mobile-friendly certificate solutions. According to the FIS Global Payment Report 2023, e-commerce witnessed a growth of 10% YoY from 2021 to 2022, and it is anticipated to grow at the fastest CAGR of 9% from 2022 to 2026. With the increasing use of digital payments for e-commerce, companies are adopting certifications to ensure secure transactions and protect their customers' personal data.
Governments worldwide introduce regulations and standards to secure digital communications and protect user privacy. Initiatives such as the European Union's General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and various industry-specific regulations (e.g., HIPAA, PCI DSS) impose strict requirements for data protection and secure communication. CAs play a crucial role in helping organizations comply with these regulations by providing SSL/TLS certificates and other cryptographic solutions for encrypting data in transit and authenticating websites and online services.
Certificate Authority Market Report Highlights:
- Based on component, the certificate type segment led the market with the largest revenue share of 62.0% in 2023, due to the increasing adoption of cloud computing services and hybrid IT infrastructures
- Based on enterprise size, the SMEs segment is anticipated to witness at the fastest CAGR during the forecast period. SMEs increasingly deploy IoT devices for various purposes, such as inventory management, asset tracking, and environmental monitoring, which lead to secure device authentication
- Based on certificate validation type, the domain validation segment led the market with the largest revenue share of 46.0% in 2023. Advancements in technology, such as automation and improved validation processes, have simplified the issuance and management of domain validation certificates, making them more accessible to organizations
- Based on vertical, the healthcare segment is anticipated to witness at the fastest CAGR during the forecast period. Healthcare organizations face increasing cybersecurity threats due to adopting electronic health records and telemedicine platforms
- North America accounted for the largest revenue share of 33.7% in 2023 and is projected to grow at a significant CAGR over the forecast period. The region has witnessed a rise in data breaches and cyberattacks, leading businesses and government agencies to prioritize cybersecurity
- In September 2023, Sectigo Limited., a provider of digital certificates and automated Certificate Lifecycle Management (CLM), announced a partnership with an Italian trust service provider, Telecom Italia Trust Technologies, and the Certification Authority (TIM Group) to offer identity management services to Italian organizations. This partnership aims to enhance the efficiency and effectiveness of security resources for companies, providing immediate benefits
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Component
- 1.2.2. Enterprise size
- 1.2.3. Certificate validation type
- 1.2.4. Vertical
- 1.2.5. Regional scope
- 1.2.6. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information Procurement
- 1.4.2. Information or Data Analysis
- 1.4.3. Market Formulation & Data Visualization
- 1.4.4. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Component outlook
- 2.2.2. Enterprise size outlook
- 2.2.3. Certificate validation type outlook
- 2.2.4. Vertical outlook
- 2.3. Competitive Insights
Chapter 3. Certificate Authority Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing cybersecurity threats and regulatory compliance requirements
- 3.2.1.2. Expanding adoption of digital transactions and online services, necessitating reliable encryption and authentication solutions
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Stringent regulations & approvals
- 3.2.2.2. Increasing complexity of compliance requirements and regulations
- 3.2.3. Market Opportunity Analysis
- 3.2.3.1. The rising adoption of Internet of Things (IoT) devices that requires identity management and communication
- 3.3. Certificate Authority Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic Landscape
- 3.3.2.3. Social Landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental Landscape
- 3.3.2.6. Legal Landscape
Chapter 4. Certificate Authority Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Certificate Authority Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.2.1. Certificate Type
- 4.2.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.2.2. Services
- 4.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Certificate Authority Market: Enterprise Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Certificate Authority Market: Enterprise Size Movement Analysis, 2023 & 2030 (USD Million)
- 5.2.1. SMEs
- 5.2.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.2.2. Large Enterprises
- 5.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Certificate Authority Market: Certificate Validation Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Certificate Authority Market: Certificate Validation Type Movement Analysis, 2023 & 2030 (USD Million)
- 6.2.1. Domain Validation
- 6.2.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.2. Organization Validation
- 6.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.3. Extended Validation
- 6.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Certificate Authority Market: Vertical Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Certificate Authority Market: Vertical Movement Analysis, 2023 & 2030 (USD Million)
- 7.2.1. BFSI
- 7.2.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.2. Retail and E-commerce
- 7.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.3. Government and Defense
- 7.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.4. Healthcare
- 7.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.5. IT and Telecom
- 7.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.6. Travel and Hospitality
- 7.2.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.7. Education
- 7.2.7.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.2.8. Others
- 7.2.8.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Certificate Authority Market: Regional Estimates & Trend Analysis
- 8.1. Certificate Authority Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Certificate Authority market estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Certificate Authority market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Certificate Authority market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.2.1. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.3. China
- 8.4.3.1. China market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.6. South Korea
- 8.4.6.1. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America certificate authority market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5.4. Argentina
- 8.5.4.1. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6. MEA
- 8.6.1. MEA certificate authority market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. UAE market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Product Launches
- 9.5.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. ACTALIS S.p.A.
- 9.6.1.1. Company overview
- 9.6.1.2. Financial performance
- 9.6.1.3. Product benchmarking
- 9.6.1.4. Strategic initiatives
- 9.6.2. Asseco Data Systems S.A.
- 9.6.2.1. Company overview
- 9.6.2.2. Financial performance
- 9.6.2.3. Product benchmarking
- 9.6.2.4. Strategic initiatives
- 9.6.3. DigiCert, Inc
- 9.6.3.1. Company overview
- 9.6.3.2. Financial performance
- 9.6.3.3. Product benchmarking
- 9.6.3.4. Strategic initiatives
- 9.6.4. Entrust Corporation
- 9.6.4.1. Company overview
- 9.6.4.2. Financial performance
- 9.6.4.3. Product benchmarking
- 9.6.4.4. Strategic initiatives
- 9.6.5. GlobalSign
- 9.6.5.1. Company overview
- 9.6.5.2. Financial performance
- 9.6.5.3. Product benchmarking
- 9.6.5.4. Strategic initiatives
- 9.6.6. GoDaddy Operating Company, LLC
- 9.6.6.1. Company overview
- 9.6.6.2. Financial performance
- 9.6.6.3. Product benchmarking
- 9.6.6.4. Strategic initiatives
- 9.6.7. IdenTrust, Inc.
- 9.6.7.1. Company overview
- 9.6.7.2. Financial performance
- 9.6.7.3. Product benchmarking
- 9.6.7.4. Strategic initiatives
- 9.6.8. Network Solutions, LLC
- 9.6.8.1. Company overview
- 9.6.8.2. Financial performance
- 9.6.8.3. Product benchmarking
- 9.6.8.4. Strategic initiatives
- 9.6.9. Newfold Digital Inc.
- 9.6.9.1. Company overview
- 9.6.9.2. Financial performance
- 9.6.9.3. Product benchmarking
- 9.6.9.4. Strategic initiatives
- 9.6.10. Sectigo Limited
- 9.6.10.1. Company overview
- 9.6.10.2. Financial performance
- 9.6.10.3. Product benchmarking
- 9.6.10.4. Strategic initiatives
- 9.6.11. SSL.com
- 9.6.11.1. Company overview
- 9.6.11.2. Financial performance
- 9.6.11.3. Product benchmarking
- 9.6.11.4. Strategic initiatives
- 9.6.12. WISeKey International Holding Ltd
- 9.6.12.1. Company overview
- 9.6.12.2. Financial performance
- 9.6.12.3. Product benchmarking
- 9.6.12.4. Strategic initiatives