Global Certificate Authority Market Forecast to 2023 - Growing IoT Trend Across Industry Verticals

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Sep 13, 2018, 09:00 ET

DUBLIN, Sept. 13, 2018 /PRNewswire/ --

The "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" report has been added to ResearchAndMarkets.com's offering.

The global certificate authority market size to grow from USD 76.2 million in 2018 to USD 123.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.

Major drivers for the market include the growing need to build trust among the expanding online customer base, an increasing awareness among internet users about secure web access, and adhering to stringent regulations and compliances.

The report segments the global certificate authority market based on components, SSL certificate validation types, organization size, industry verticals, and regions. The managed PKI services segment is expected to hold the largest market size during the forecast period. It is mainly due to an increasing need for managing and controlling a large number of digital certificates for SSL, authentication, document signing, S/MIME, and other usages. Additionally, managed PKI services help organizations in reducing the cost and burden of managing digital certificates.

The SSL certificates segment is expected to hold the largest market size in the certificate authority market, owing to an increasing need for security assurance among online businesses. Websites create a secure communication channel across the internet using SSL certificates to protect the users' data. The SSL security is now built into all major web servers and browsers to positively identify websites as secure by a third party. SSL certificates validate the server to the client, which help the client authenticate the website. SSL certificates provide major features of encryption, integrity, authentication, and non-repudiation.

The healthcare industry vertical is expected to grow at the highest CAGR during the forecast period, owing to an increasing need to secure customers' data and meet compliance requirements. The vertical is rapidly deploying cutting-edge technologies to offer patients with the intuitive, personalized experience. The mergers, acquisitions, and partnerships growth strategy in the healthcare industry vertical has increased the complexity of managing the user credentials and the other sensitive information. Increasing incidents of cyber-attacks on Personally Identifiable Information (PII), Electronic Health Record (EHR), and Protected Health Information (PHI) are major concerns for healthcare organizations. Healthcare organizations use digital certificates to prevent risks of patient medical record theft.

In the certificate authority market by region, North America is expected to hold the largest market size during the forecast period. Major growth drivers for the North American market include the large presence of major certificate authorities and stringent data security regulations and compliances. APAC is expected to record growth at the highest CAGR during the forecast period, owing to increaseing digital transformation, online businesses, and growing IoT trends. China, India, Japan, and Singapore have updated or introduced new national cybersecurity policies that would also boost the growth of APAC certificate authority market.

A major restraining factor for the market growth would be running a private certificate authority or using self-signed certificates.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Certificate Authority Market
4.2 Market By Component, 2018-2023
4.3 Market By Organization Size, 2018-2023
4.4 Market By Industry Vertical, 2018-2023
4.5 Market By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Organizations' Need to Build Trust Among Expanding Online Customers
5.2.1.2 Increasing Awareness Among Internet Users About Secure Web Access
5.2.1.3 Managing Stringent Regulations and Compliances
5.2.2 Restraints
5.2.2.1 Running A Private Certificate Authority Or Using Self-Signed Certificates
5.2.3 Opportunities
5.2.3.1 Growing IoT Trend Across Industry Verticals
5.2.3.2 Proliferation of Cloud-Based Services Among Global Organizations
5.2.4 Challenges
5.2.4.1 Lack of Awareness Among Organizations About the Importance of Security Certificates
5.3 Standards and Regulations
5.3.1 General Data Protection Regulation (GDPR)
5.3.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.3 Federal Information Security Management Act (FISMA)
5.3.4 Sarbanes-Oxley Act (SOX)
5.3.5 Gramm-Leach-Bliley Act (GLBA)
5.3.6 Payment Card Industry Data Security Standard (PCI DSS)
5.3.7 Federal Information Processing Standards (FIPS)
5.4 Key Features of SSL/TLS Certificates
5.5 Market Trust Hierarchy

6 Certificate Authority Market, By Component
6.1 Introduction
6.2 Certificate Types
6.2.1 SSL Certificates
6.2.2 Secure Email Certificates
6.2.3 Code Signing Certificates
6.2.4 Authentication Certificates
6.3 Services
6.3.1 Support Services
6.3.2 Implementation and Integration Services
6.3.3 Managed PKI Services

7 Market By SSL Certificate Validation Type
7.1 Introduction
7.2 Domain Validation
7.3 Organization Validation
7.4 Extended Validation

8 Certificate Authority Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises

9 Market By Industry Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 Retail
9.4 Government and Defense
9.5 Healthcare
9.6 IT and Telecom
9.7 Travel and Hospitality
9.8 Education
9.9 Others

10 Certificate Authority Market, By Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 Partnerships, Agreements, and Collaborations
11.2.2 New Product Launches/Product Enhancements
11.2.3 Mergers and Acquisitions
11.2.4 Business Expansions

12 Company Profiles
12.1 Identrust
12.2 Comodo CA
12.3 Digicert
12.4 Godaddy
12.5 Globalsign
12.6 Asseco Data Systems
12.7 Actalis
12.8 Entrust Datacard
12.9 Trustwave
12.10 SSL.Com
12.11 Network Solutions
12.12 TWCA
12.13 Swisssign
12.14 Wisekey
12.15 Onespan
12.16 Buypass
12.17 Camerfirma
12.18 Hongkong Post
12.19 EBG Information Technologies and Services
12.20 Harica
12.21 Certigna
12.22 Netlock
12.23 Turktrust
12.24 Certsign
12.25 Disig

For more information about this report, visit

https://www.researchandmarkets.com/research/xfsrpk/global?w=5

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