Certificate Authority Market

DigiCert and GlobalSign are leading Players in Certificate Authority Market

A certificate authority is a third-party trusted entity that offers various certification services to ensure that the data communicated between two communicating entities is secure. The certificate acts as a symbol of trust between an online business and its customers and guarantees integrity, confidentiality, authenticity, and non-repudiation. MarketsandMarkets forecasts the global certficate authority market size to grow from USD 76.2 million in 2018 to USD 123.8 by 2023 at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Major driving factors include addition of million of websites on the Internet every year and an increasing need to meet compliance requirements related to consumer identity and privacy.

Key market players profiled in this report are 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). These players offer certification services catering to the needs and demands of the market. They have adopted various growth strategies, such as partnerships, agreements and collaborations, mergers and acquisitions, and new product launches.

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DigiCert, one of the leading certificate authorities, offers a wide range of digital certificates to global organizations. Its range of SSL certificates includes Standard SSL, EV SSL, Multi-Domain SSL, and Wildcard SSL. It also offers private and managed PKI deployments, and device certificates in the emerging IoT marketspace. In October 2017, the company became a leader in the certificate authority market by acquiring Symantec’s website security and related PKI solutions. It caters to companies in BFSI, healthcare, retail, manufacturing, and transportation verticals across the globe. DigiCert has majorly adopted the strategy of partnerships to acquire new customers and further expand its business. For instance, in July 2018, DigiCert partnered with National Cybersecurity Center of Excellence (NCCoE)-NIST to develop a new TLS Server Certificate Management project. In April 2017, DigiCert partnered with Venafi to enhance PKI automation for securing DevOps.

GlobalSign, a leading provider of digital certificates, has gained a strong foothold in the certificate authority market by adopting various growth strategies, including new product launches, business expansions, and partnerships. In July 2018, the company partnered with Cayan to integrate its cloud-based PKI service for improving ease-of-use and reduce the support costs of Cayan’s Genius payment processing platform. The company launched its PKI platform for IoT devices with the IoT Edge Enroll feature in July 2018 and IoT Identity Platform in June 2018. The company delivers robust security offerings through these launches. The company’s partnerships with Arm Limited, DocuFirst, and beame.io has helped it in delivering integrated offerings and expanding its customer base.

Related Reports:

Certificate Authority Market by Certificate Type (SSL, Secure Email, Code Signing, and Authentication Certificates), Service, SSL Certificate Validation Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023

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Report Code
TC 6581
RI Published ON
9/4/2018
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