Certificate Authority Market

Market Leaders - 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 11.0% during the forecast period. Stringent regulatory standards and data privacy compliances are propelling the expansion of the certificate authority market.

Government regulations and the imperative for compliance have also played a significant role in driving the adoption of certificate authority solutions and services as businesses strive to meet security requirements and protect sensitive data. Additionally, the proliferation of cloud-based and virtualization technologies increases the demand for certificate authority. Together, these factors form a powerful force behind the growth and advancement of the certificate authority market.

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What is certificate authority?

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. Web browsers use these certificates to authenticate content sent from web servers.

Competitive overview:

The certificate authority market is led by some of the globally established players, such as Sectigo (US), DigiCert (US), GlobalSign (Belgium), GoDaddy (US), IdenTrust (US), Certum (Poland). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.

Sectigo is a cybersecurity provider of digital identity solutions, including TLS/SSL certificates, DevOps, IoT, enterprise-grade PKI management, and multi-layered web security solutions. Many of the largest companies in the world rely on Sectigo as a leading supplier of automated Certificate Lifecycle Management (CLM) and digital certificates. To protect every computer and human identity throughout the company, its cloud-based universal CLM platform issues and maintains the lifecycles of digital certificates issued by Sectigo and other Certificate Authorities (CAs).

700,000 businesses around the world use Sectigo digital solutions. Sectigo provides automated public and private PKI solutions to secure web servers, user access, connected devices, and applications for enterprises of all sizes. Sectigo has issued more than 100,000 digital certificates. More than 36% of Fortune 1000 companies rely on Sectigo solutions. The company has a global reach in nearly 200 countries.

GlobalSign is an identity services company offering cloud-based PKI solutions for enterprises to conduct secured content delivery. Small businesses, large enterprises, cloud-based service providers, and IoT innovators worldwide use GlobalSign’s identity and security solutions to conduct secure communications, manage millions of verified digital identities and automate authentication and encryption. Its managed SSL/TSL services offer tools, services and SSL products to secure internal and public servers, respond to threats, and control SSL costs. It includes SSL/TLS, digital signatures, secure email, code signing, and authentications. The company also offers Atlas, a high-availability, high-throughput Certificate Authority (CA), enabling automation and streamlining digital certificate usage by enterprises and organizations.

IdenTrust offers the most trusted & secure digital certificates used for digital signing, secure access & email encryption across a variety of industries. IdenTrust, part of HID Global, is a leading digital certificate provider that establishes the basis for trusted identity solutions. As a certificate authority, IdenTrust provides validation for digital certificates, including TLS/SSL certificates, email security via S/MIME certificates, digital signature certificates, code signing certificates, and x.509 certificates for protecting network and IoT devices. The company specializes in interoperable identity services, managed identity services, managed PKI services, and business SSL certificates. An encrypted connection is created using IdenTrust TLS/SSL certificates between a user's machine or browser and a server or website.  Online transactions may be carried out with total trust thanks to this connection's protection of sensitive data from interception by unauthorized parties while it is in transit. Moreover, IdenTrust also issues An IdenTrust Secure Email (S/MIME) certificate used to confirm email addresses and sign and encrypt email communications.

According to MnM’s approach to evaluating the market, most businesses use organic and inorganic growth tactics to hold onto their market share. In 2020–2022, transactions rose by 50–60%. Alliances, acquisitions, collaborations, and partnerships together are covered in these agreements. Organizations are anticipated to embrace organic growth strategies starting in 2022 to provide end consumers with certificate authority solutions, which would assist businesses in boosting market revenue.

Related Reports:

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

Contact:
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MarketsandMarkets™ INC.
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[email protected]

Certificate Authority Market Size,  Share & Growth Report
Report Code
TC 6581
RI Published ON
8/4/2023
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