Certificate Authority Market by Offering (Certificate Types, Services), SSL Certificate Validation Type ( Domain Validation, Organization Validation, Extended Validation), Organization Size, Vertical, and Region - Global Forecast to 2028
[273 Pages Report] The global certificate authority market size is projected to grow from USD 167 million in 2023 to USD 282 million by 2028 at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. The expansion of the certificate authority market can be attributed to a rise in instances of HTTPS phishing attacks and stringent regulatory standards and data privacy compliances.
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Certificate Authority Market Dynamics
Driver: Rise in instances of HTTPS phishing attacks
The increase in HTTP phishing assaults emphasizes the importance of providing safe and reliable communication channels by employing reputable certificate authorities and legitimate SSL/TLS certificates. Certificate authorities are essential in phishing attack risk prevention and mitigation, safeguarding users and organizations from potential data breaches and monetary losses. The SSL/TLS certificates that enable safe and encrypted communication between websites and users are provided by certificate authorities, which are essential to this process. Phishing attacks frequently make use of bogus websites that seem like authentic websites. Legitimate websites may prove their legitimacy and encrypt the communication channel by getting SSL/TLS certificates from trustworthy certificate authorities, making it more difficult for hackers to intercept or tamper sensitive data.
Opportunity: Exponential increase in the adoption of IoT trends across industry verticals
The importance of certificate authority in supplying secure identity management, authentication, and encryption for IoT devices and applications increases as the IoT ecosystem develops and diversifies. Certificate authority has proven itself as a highly secure and flexible solution for protecting and managing the entire connected devices life cycle in an IoT environment. IoT systems and solutions can seamlessly manage and integrate certificates with the help of certificate authority services. In addition to guaranteeing safe and scalable certificate administration, this enables organizations to take advantage of their current IoT infrastructure.
Restraint: Running private certificate authorities or using self-signed certificates
Many organizations set up private certification authorities or use self-signed certificates to authenticate and secure internal servers, applications, and IP addresses that do not require public trust yet need the security provided by SSL encryption. Using self-signed certificates might be helpful to increase network security on an organization’s internal network. But it’s crucial to understand the dangers of utilizing self-signed certificates and take precautions against them. Web browsers, operating systems, and other systems that depend on public trust anchors do not automatically trust self-signed certificates. Users that use self-signed certificates could run across problems or warnings that say the certificate cannot be trusted. Users may get confused and concerned about their security as a result, which may make them reluctant to connect with systems that employ self-signed certificates.
Challenge:Lack of awareness among organizations about the importance of SSL certificates
Organizations across industry verticals do not use digital certificates for their websites due to their lack of awareness about the importance of secured websites. Lack of insight into the certificate system is also a prime concern. The lack of a systematic process causes certificates to be lost on the network because several departments from different locations request and enroll certificates onto endpoints. For instance, it could be quite challenging for administrators to hunt down and renew one certificate after it has expired. A lack of understanding of certificate authority and a shortage of skilled PKI management personnel are other challenges many organizations face.
Certificate Authority Market Ecosystem
By vertical, retail, and eCommerce segment is to grow at the highest CAGR during the forecast period.
The retail and eCommerce industry is a frequent target of phishing attacks and fraudulent activities. Certificate authorities provide SSL/TLS certificates that help prevent these malicious activities by displaying visual cues, such as the padlock icon or the organization's verified name, which distinguish legitimate websites from fraudulent ones. By implementing SSL/TLS certificates, retail and eCommerce businesses can protect their customers from phishing scams, build trust, and maintain the integrity of their brands.
The retail and eCommerce industry heavily relies on online transactions, including purchases, payments, and customer data exchanges. Certificate authorities play a critical role in providing SSL/TLS certificates that secure these transactions by encrypting sensitive data, such as credit card information, ensuring secure communication channels, and protecting customer privacy. Implementing SSL/TLS certificates instills confidence in customers, reduces the risk of data breaches, and promotes a secure shopping experience.
By offerings, the services segment is expected to grow at higher CAGR during the forecast period
Certificate authority services are the support offered by vendors to assist their customers with the efficient use and operation of certificates. These services include support, implementation, integration, and managed PKI services. Moreover, these services offer guidelines on the use of certificates and help embed best practices in organizations. The complex nature of digital security requires collaboration between various stakeholders, including certificate authorities, software vendors, cybersecurity firms, and industry consortiums. Market drivers for certificate authority services include the need for collaboration and partnerships to develop and implement standardized security practices and frameworks.
By region, North America accounts for the highest market size during the forecast period.
North America consists of developed countries that are technologically advanced with well-developed infrastructure. Being the strongest economies, the US and Canada are the top contributing countries in North America in the certificate authority market. The digital revolution of several industries, including banking, healthcare, e-commerce, and government services, is leading the way in North America. The need for certificate authority and digital certificates has risen due to the development of cloud computing, Internet of Things (IoT) devices, and mobile apps, raising the requirement for secure communication and data security. Moreover, the cyberattack surge is expected to drive the need for SSL certificate solutions and services across North America. North America is a major target for cyberattacks, and certificate authority plays an important role in protecting businesses and individuals from these attacks.
Key Market Players
Sectigo (US), Digicert (US), GlobalSign (Belgium), GoDaddy (US), IdenTrust (US), Entrust (US), Certum (Poland), Actalis (Italy), Lets Encrypt (US), SSL.Com (US), E-Tugra (Turkey), WISekey (Switzerland), Trustwave (US), SwissSign (Switzerland), TWCA (China), Buypass (Norway), Camerfirma (Spain), Harica Greece), Certigna (France), NETLOCK (Hungary), TURKTRUST (Turkey), certSIGN (Romania), Disig (Slovakia), Network Solutions (US), OneSpan (US) are the key players and other players in the certificate authority market.
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Report Metrics |
Details |
Market size available for years |
2017-2028 |
Base year considered |
2022 |
Forecast period |
2023–2028 |
Forecast units |
Value (USD Million) |
Segments Covered |
offering, SSL certification validation type, organization size, verticals, and regions |
Geographies covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Companies covered |
Major vendors in the global certificate authority market include Sectigo (US), Digicert (US), GlobalSign (Belgium), GoDaddy (US), IdenTrust (US), Entrust (US), Certum (Poland), Actalis (Italy), Lets Encrypt (US), SSL.Com (US), E-Tugra (Turkey), WISekey (Switzerland), Trustwave (US), SwissSign (Switzerland), TWCA (China), Buypass (Norway), Camerfirma (Spain), Harica Greece), Certigna (France), NETLOCK (Hungary), TURKTRUST (Turkey), certSIGN (Romania), Disig (Slovakia), Network Solutions (US), OneSpan (US) |
The study categorizes the certificate authority market by offering, SSL certification validation type, organization size, verticals, and regions.
By Offerings:
- Certificate Type
- Services
By SSL Certification Validation Type:
- Domain Validation
- Organization Validation
- Extended Validation
By organization size:
- Large Organization
- SMEs
By Verticals:
- BFSI
- Retail and eCommerce
- Government and Defence
- Healthcare and Life Sciences
- IT and Telecom
- Travel and Hospitality
- Education
- Other Verticals
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Recent Developments
- In January 2023, DigiCert launched Trust Lifecycle Manager. The solution unifies CA-agnostic certificate management, private PKI services, and public trust issuance for seamless digital trust infrastructure.
- In March 2023, GlobalSign announced the successful establishment of a technology partnership with essendi it. The partnership will integrate essendi xc with GlobalSign’s certificate platform, Atlas.
- In May 2022, IdenTrust issued new Subordinate CA (SubCA), "IGC Device CA 2" to remain compliant with all Federal Public Key Infrastructure Policy Authority (FPKIPA) requirements. It will replace the current "IGC Device CA 1" SubCA.
- In February 2022, Sectigo announced accessibility updates to its flagship product Sectigo Certificate Manager (SCM) that meet global compliance guidelines. SCM's new artificial intelligence automatic accessibility solution through Equal Web improves the user experience.
- In November 2021, Sectigo partnered with Infinite Rangers. Infinite Ranges is one of the leading experts in public key infrastructure (PKI), encryption, and identity and access management. It offers DevSecOps consulting services. Infinite Ranges provided Sectigo professional services in the United States through this collaboration.
Frequently Asked Questions (FAQ):
What are the opportunities in the global certificate authority market?
The increase in the need for cloud-based security solutions among SMEs, the exponential increase in the adoption of IoT trends across industry verticals, proliferation of cloud-based and virtualization technologies are a few factors contributing to the growth and creating new opportunities for the certificate authority market.
What is the definition of the certificate authority market?
A certificate authority is a trusted entity that issues digital certificates that are verifiable small data files that contain identity credentials to help websites, people, and devices represent their authentic online identity. Certificate authorities are a critical part of the Internet's Public Key Infrastructure (PKI), and they play a major role in Internet operations by issuing Secure Sockets Layer (SSL) certificates. The certificate authority market includes players offering various types of certificates, such as SSL certificates, secure email certificates, code signing certificates, and authentication certificates. Additionally, it includes government entities and non-profit organizations.
Which region is expected to show the highest market share in the certificate authority market?
North America is expected to account for the largest market share during the forecast period.
What are the major market players covered in the report?
Major vendors, namely, include Sectigo (US), Digicert (US), GlobalSign (Belgium), GoDaddy (US), IdenTrust (US), Entrust (US), Certum (Poland), Actalis (Italy), Lets Encrypt (US), SSL.Com (US), E-Tugra (Turkey), WISekey (Switzerland), Trustwave (US), SwissSign (Switzerland), TWCA (China), Buypass (Norway), Camerfirma (Spain), Harica Greece), Certigna (France), NETLOCK (Hungary), TURKTRUST (Turkey), certSIGN (Romania), Disig (Slovakia), Network Solutions (US), OneSpan (US).
What is the current size of the global certificate authority market?
The global certificate authority market size is projected to grow from USD 167 million in 2023 to USD 282 million by 2028 at a Compound Annual Growth Rate (CAGR) of 11% during the forecast period.
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The study involved major activities in estimating the current market size for the certificate authority market. Exhaustive secondary research was done to collect information on the certificate authority industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the certificate authority market.
Secondary Research
The market share and revenue of the companies offering certificate authority solutions and services for various verticals were identified through the secondary data available through paid and unpaid sources and by analyzing the product portfolio of major companies in the ecosystem and rating them based on their performance and quality. In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies, white papers, and journals, as well as research papers and certified publications and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s value chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspective–all of which were further validated by primary sources.
Primary Research
In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as chief executive officers (CEOs), chief information security officers (CISOs), chief technology officers (CTOs), chief operating officers (COOs), vice presidents (VPs), managing directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the certificate authority market.
Following is the breakup of the primary study:
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Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the global certificate authority market and estimate the size of various other dependent sub-segments in the overall certificate authority market.
Bottom-Up approach:
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In this market size estimation approach, we have identified the key companies providing certificate authority solutions. Some of these are IdenTrust, DigiCert, Sectigo, GoDaddy, GlobalSign, Certum, Entrust, etc. These companies contribute to more than 90% of the global certificate authority market. After confirming the market share of these companies with industry experts through primary interviews, we have estimated their total revenue through annual reports, Securities and Exchange Commission (SEC) filings, and paid databases. The revenues of the business units (BUs) of these companies that offer certificate authority solutions were identified through similar sources. We then estimated the revenue generated through the sale of specific certificate authority solutions via primary research. The collective revenue of vendors offering certificate authority solutions and services comprised 90-95% of the market, which was again confirmed through primary interviews with industry experts. With the assumption that the rest of the market is contributed to by smaller players that are a part of the unorganized market, the market size of organized players (90-95%) and unorganized players (5-10%) collectively was assumed to be the size of the certificate authority market for the financial year (FY) 2022
Top-Down approach:
In the top-down approach, the overall market was segmented into solutions and services. The market share of certificate authority solutions, including SSL certificates, secure email certificates, code signing certificates, and authentication certificates, was considered to estimate the market size for solutions. The market share of certificate authority services included the revenue generated from subscriptions of support services, implementation & integration services, and managed PKI services. The certificate authority market size was derived from certificate authority solutions and service offerings by different verticals. The total size of the certificate authority market comprises solutions and services.
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
A certificate authority is a trusted entity that issues digital certificates that are verifiable small data files that contain identity credentials to help websites, people, and devices represent their authentic online identity. Certificate authorities are a critical part of the internet's Public Key Infrastructure (PKI), and they play a major role in internet operations by issuing Secure Sockets Layer (SSL) certificates. These certificates are used by web browsers to authenticate content sent from web servers. The certificate authority market includes players offering various types of certificates, such as SSL certificates, secure email certificates, code signing certificates, and authentication certificates. Additionally, it includes government entities and non-profit organizations.
Key Stakeholders
- Government bodies and public safety agencies
- Project managers
- Developers
- Cybersecurity vendors
- Value-Added Resellers (VARs)
- Business analysts
- Quality assurance (QA)/test engineers
- Providers of certificate authority solutions and services
- Consulting firms
- Third-party vendors
- Investors and venture capitalists
- Technology providers
Report Objectives
- To define, describe, and forecast the certificate authority market, by offering (certificate types and services), SSL certificate validation types, organization size, industry vertical, and region.
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market’s growth.
- To analyze opportunities in the market and provide the competitive landscape of the market.
- To forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
- To profile key players and comprehensively analyze their market rankings and core competencies.
- To analyze competitive developments, such as mergers & acquisitions, product enhancements, and research and development (R&D) activities, in the market.
- To analyze the impact of recession on the growth of the market
Customization Options
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
- Further breakup of the North American market into countries contributing 75% to the regional market size
- Further breakup of the Latin American market into countries contributing 75% to the regional market size
- Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size
- Further breakup of the European market into countries contributing 75% to the regional market size
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Certificate Authority Market
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Interested in market on PKI technology