Secure Sockets Layer Certification Market to Grow by USD 5.13 billion| Need to Adhere to Regulatory Requirements will Present Significant Growth Opportunities for Market Vendors | Technavio
NEW YORK, Dec. 10, 2021 /PRNewswire/ -- One of the trends in the secure sockets layer (SSL) certification market is the increasing application of the Internet of Things (IoT) and cloud computing technology. The demand for secure socket layer certification is rising due to the growth of web-based businesses in the e-commerce and banking financial services and insurance (BFSI) industries. Enterprises are adopting SSL certification due to the rising cases of cyber-attacks. The adoption of SSL certification among home enterprises is also increasing in the SSL certificate market.
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The secure sockets layer certification market is estimated to grow by USD 5.13 bn from 2020 to 2025, as per Technavio. The growth momentum of the market is expected to accelerate at a CAGR of 21.30%. The year-over-year growth rate of the market in 2021 is 17.44%.
Read the 120-page report with TOC on "Secure Sockets Layer Certification Market Analysis Report by Product (domain validation, organizational validation, and extended validation) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts,2021-2025".
The market is driven by factors such as the need to adhere to regulatory requirements. Enterprises need to adhere to payment card industry data security standard (PCI DSS) to ensure the protection of confidential cardholder data. PCI DSS is a standard applied to enterprises when they accept credit card payments. SSL certificates used in these enterprises also support their web browsers. This, in turn, helps them meet the PCI requirements while accepting credit cards on their sites.
Major Five Secure Sockets Layer Certification Companies and Their Offerings:
- Aruba Spa: The company offers solutions for secure sockets layers that ensure that the site is accessible with the secure HTTPS protocol, providing encryption of all data and displaying the padlock symbol in the browser address under the brand name of Aruba.
- Asseco Poland S.A.: The company offer solutions for secure sockets layers that secure widely and not only from the level of individual solutions, under the brand name of Asseco.
- Comodo Security Solutions Inc.: The company offer solutions for secure sockets layers that safeguard the websites for customer transactions and boost conversion rates under the brand name of Comodo.
- DigiCert Inc.: The company offer solutions for secure sockets layers that provide professional-grade protection with tools such as PQC Toolkit, under the brand name of Digicert.
- Entrust Datacard Corp.: The company offers solutions for secure sockets layers that secure from the level of individual solutions providing encryption of all data and displaying the padlock symbol under the brand name of Entrust.
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Secure Sockets Layer Certification Market Product Outlook (Revenue, USD bn, 2020-2025)
- Domain validation - size and forecast 2020-2025
- Organizational validation - size and forecast 2020-2025
- Extended validation - size and forecast 2020-2025
Secure Sockets Layer Certification Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- APAC - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
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Secure Sockets Layer Certification Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 21.30% |
Market growth 2021-2025 | USD 5.13 billion |
Market structure | Fragmented |
YoY growth (%) | 17.44 |
Regional analysis | North America, Europe, APAC, South America, and MEA |
Performing market contribution | North America at 39% |
Key consumer countries | US, UK, China, Canada, and Germany |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled | Aruba Spa, Asseco Poland S.A., Comodo Security Solutions Inc., DigiCert Inc., Entrust Datacard Corp., GlobalSign Ltd., GoDaddy Inc., HID Global Corp., Internet Security Research Group, and NortonLifeLock Inc. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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