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%

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Sep 12, 2018, 14:07 ET

LONDON, Sept. 12, 2018 /PRNewswire/ -- Growing need to build trust among rapidly expanding online customer base to drive the global certificate authority market

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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.

Authentication certificates segment to grow at the highest rate during the forecast period
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.

Domain validation segment in SSL certificate validation type to grow at the highest rate during the forecast period

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.

These features are driving the adoption of the domain validation is among small and medium-sized enterprises (SMEs) and large enterprises.

Healthcare industry vertical to grow at the highest rate during the forecast period
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.

Asia Pacific (APAC) to grow at the highest rate during the forecast period
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:
• By Company Type: Tier 1 (11%), Tier 2 (23%), and Tier 3 (66%)
• By Designation: C-Level (61%), Director Level (27%), and Others (12%)
• By Region: North America (36%), Europe (24%), APAC (28%), and RoW (12%)

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).

Research Coverage
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.

Reasons to Buy the Report

The report will help the market leaders/new entrants in the certificate authority market in the following ways:
1. The report segments the certificate authority market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. The report helps stakeholders understand competitors and gain more insights to better their position in the market.

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