Certificate Authority Market Revenues to Reach USD 289.02 million by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

Hyderabad, Aug. 21, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Certificate Authority Market Report (2023-2028)," the market is estimated at USD 160.10 million in 2023. It is expected to register a CAGR of 12.54% during the forecast period.

A certificate authority (CA) issues SSL certificates, linking entities to public keys to ensure trustworthy content delivery from web servers. Certificate-based authentication, using digital certificates to identify users, machines, or devices, is gaining popularity, driven by IoT and BYOD trends. SSL certificates segment holds a significant share in the certificate authority market due to its encryption, authentication, and integrity features. The demand for certificate authority is increasing in the healthcare industry due to the need to secure customer data and meet compliance requirements, driven by concerns about cyber-attacks on sensitive information.

Report Summary:

Report Attribute Details
Market Size (2023) USD 160.10 million
Market Size (2028) USD 289.02 million
CAGR (2023-2028) 12.54%
Study Period 2018-2028
Fastest Growing Market Asia-Pacific
Largest Market North America
Forecast Units Value (USD billion)
Report Scope Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends
Key Market Drivers The increased awareness about secure web access.
Growing demand from the healthcare sector.

Who are the Top Companies in the Global Certificate Authority Market?

The market is highly competitive and consists of several major players. It is marked by a strong presence of key international players actively involved in mergers and acquisitions. They leverage strategic collaborative initiatives to expand their market share and enhance profitability.

The significant players in the global certificate authority market are,

  • DigiCert Inc.
  • Sectigo Limited
  • GoDaddy Inc.
  • Asseco Data Systems SA (Asseco Poland SA)
  • GlobalSign
  • Entrust Corporation
  • Actalis SpA
  • SSL.Com
  • Trustwave Holdings
  • Network Solutions LLC
  • WISeKey International Holdings
  • Swisssign AG
  • OneSpan Inc.
  • Camerfirma SA
  • Buypass AS
  • Zerossl

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Key Highlights from the Global Certificate Authority Market Report:

Increasing Demand from the Healthcare Segment

  • Digital certificates help secure personal health information on devices like computers and smartphones. Cyber-attacks on personally identifiable information (PII) are a concern in the healthcare segment.
  • Healthcare facilities store sensitive data, making digital certificates necessary for security.
  • Investments in digitalization in the healthcare sector are creating growth opportunities for the certificate authority market.

North America is Expected to Hold Significant Market Share

  • North America is expected to be the largest market in the global certificate authority market in the coming years.
  • The presence of primary certificate authorities and strict data security regulations are driving the market in the region. Factors like growing online businesses, digital transformation, and IoT trends are also influencing the market.
  • The United States and Canada have introduced new national cybersecurity policies that support the certificate authority market.

What are the Latest Developments in the Global Certificate Authority Market?

  • In June 2022, Entrust acquired Netherlands-based Evidos to advance itself as a global player in the fast-growing market for trusted electronic signatures.
  • In May 2022, India-based eMudhra Ltd raised USD 15.2 million from anchor investors ahead of its initial public offering.

Mordor Intelligence has Segmented the Global Certificate Authority Market Based on Component, Organization Size, End-user Vertical, and Geography.

  • By Component (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Certificate Types
      • SSL Certificates
      • Code Signing Certificates
      • Secure Email Certificates
      • Authentication Certificates
    • Services
  • By Organization Size (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Large Enterprises
    • Small and Medium-Sized Enterprises
  • By End-user Vertical (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • BFSI
    • Retail
    • Healthcare
    • IT and Telecom
    • Other End-user Verticals
  • By Geography (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Global Certificate Authority Market Report (2023-2028).

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About Mordor Intelligence:

Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.

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Certificate Authority Market - Mordor Intelligence

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