The global certificate authority market generated a revenue of $81.7 million in 2019 and is predicted to attain a value of $285.7 million in 2030, exhibiting a CAGR of 12.3% between 2020 and 2030. The key factors fueling the advancement of the market are the rising public awareness about protected and secure web access, increasing penetration of the internet, surging number of transactions that require authentication and a secure connection, and the growing requirement for creating trust among online customers.
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The certificate authority market is divided, under the end user segment, into BFSI, IT and telecommunications, government, retail and consumer goods, education, healthcare, and travel and hospital categories. Amongst these, the healthcare category is predicted to demonstrate the highest growth rate in the market in the future years. In healthcare facilities such as clinics and hospitals, vast amounts of sensitive and confidential data are stored, which makes the adoption of digital certificates absolutely necessary for healthcare websites.
This market research report provides a comprehensive overview of the certificate authority market
- Historical and the present size of the certificate authority market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
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Besides enhancing the security of the website, digital certificates such as SSL certificates ensure that the website gets a good search engine ranking, which makes it easily discoverable through organic search. The market is also categorized, on the basis of component, into service and certificate type. Of these, the certificate type category recorded higher growth in the market in the years gone by, as per the findings of P&S Intelligence, a market research company based in India.
Globally, the Asia-Pacific (APAC) certificate authority market would exhibit the highest growth rate in the forthcoming years, according to the market research company, P&S Intelligence. This would be a result of the surging penetration of the IoT and the mushrooming online customer base. With the development of smart city infrastructure in several cities and the adoption of advanced technologies such as deep learning and next-generation industrial automation in business operations, the usage of IoT is growing rapidly in the region.
The research includes detailed analysis of;
Based on Component
- Certificate Type
Based on SSL Certificate Validation Type
- Domain Validation
- Organization Validation
- Extended Validation
Based on Organization
- Large Enterprises
- Small- and Medium-Sized Enterprises
Based on End User
- Retail and Consumer Goods
- Banking, Financial Services, and Insurance
- IT and Telecommunications
- Travel and Hospitality
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.