Certificate Authority Market Size, Share Report, Analysis, Trends, Growth 2032

The global Certificate Authority market size accrued earnings worth approximately USD 167.9 Million in 2023 and is predicted to gain revenue of about USD 488.6 Million by 2032, is set to record a CAGR of nearly 12.60% over the period from 2024 to 2032.

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Certificate Authority Market Overview

Certificate authorities are responsible for issuing digital certificates. Such certificates comprise data files that include identity credentials for authentic online identity. Certificate authority acts as a third person, on whom both the customer and owner can rely for identification. These certificates are not only for identification but also plays critical role in securing information for encrypting data of billions of transactions.

Currently, internet plays a vital role in trending smart cars, smart cities, and smart medical devices. Any communication that involves internet holds huge cyber risk. Till 2018, more than 355 smart city projects were initiated in nearly 221 cities globally. Government of many emerging countries such as India and China have imposed various regulations of mandating digital certificates for data integrity and authentication. Thus, certificate authority market is majorly driven by government and various large scale organizations involved in maintaining unbending rules and compliances. Boosting demand of digital certificates for reliable encryption is anticipated to drive the market growth in the forecast period as well.

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One of the barriers that can hamper growth of the market is the high initial deployment cost. It is observed that already existing PKI (Public Key Infrastructure) is incompatible to new applications. Moreover, immense escalation of cloud based services worldwide among global organizations is expected to create enormous opportunities to the market.

This report offers comprehensive analysis on global certificate authority along with, market trends, drivers, and restraints of the certificate authority market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

Certificate Authority Market Segmentation

Certificate authority market is segmented on the basis of component, validation, end-user, and region.

By component segment, the market is majorly classified into certificates and services offered.

• The certificate segment is further bifurcated into SSL certificate, secure email certificates, code signing certificates, and authentication certificate. SSL Certificate is projected to hold largest share due to boosting demand of security assurance in online business.
• Services segment is further categorized into support services, managed PKI services and other services. Managed PKI services are anticipated to hold substantial share during the forecast period due to rising need of cost reduction and management of digital certificates.

End-user segment comprises of Banking, Financial Services, and Insurance (BFSI), retail, government, aerospace and defense, healthcare, it and telecom, education and others. Healthcare sector is anticipated to encounter high market progression rate in the forecast period due to rising requirement of securing patient’s personal information.

Certificate Authority Market: Report Scope

Certificate Authority Market Regional Analysis

Geographically the certificate authority market is segmented into North America, Europe, Latin America, Asia Pacific, and MEA. Attributing to the remarkable presence of strong market players such as IdenTrust and GoDaddy Group, North America is projected to account largest share.

Certificate Authority Market Competitive Analysis

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global certificate authority market such as:

• Symantec Group
• Sectigo
• IdenTrust
• Go Daddy Group
• DigiCert Group
• Certum
• GlobalSign
• Entrust
• Actalis
• Let’s Encrypt
• Secom Trust
• Trustwave
• WISeKey Group
• StartCom
• Comodo CA
• Camerfirma
• WISeKey
• SwissSign
• TWCA
• Asseco Data Systems 

The report segments global certificate authority market as follows:

Certificate Authority Market: Component Segment Analysis

• Certificate
  • SSL Certificate
  • Secure Email Certificates
  • Code Signing Certificates
  • Authentication Certificate
• Services
  • Support Services
  • Managed PKI Services
  • Others

Certificate Authority Market: Validation Segment Analysis

• Extended Validation Certificates
• Organization Validated Certificates
• Domain Validated Certificates

Certificate Authority Market: End-user Segment Analysis

• Banking, Financial Services, and Insurance (BFSI)
• IT and Telecom
• Retail
• Aerospace and Defense
• Government
• Healthcare- Growth
• Education
• Others

Certificate Authority Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa