USD 185 Million
Certificate Authority Market Size, Share, and Growth Analysis
Certificate Authority Market By Offerings (Certificate Type, Services), Validation Type, Organization Size, End User (BFSI, Retail & eCommerce), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2395 |
Region:
Global |
Published Date: December, 2024
Pages:
169
|Tables:
0
|Figures:
0
Format -
Certificate Authority Market Insights
Certificate Authority Market size was valued at USD 185 Million in 2023 and is poised to grow from USD 205.35 Million in 2024 to USD 427.35 Million by 2032, growing at a CAGR of 11.0% during the forecast period (2025-2032).
As people depend more and more on digital transactions, secure communication, and data security, the demand for digital certificates issued by certificate authorities is increasing. The market is expanding as people increasingly embrace online banking, e-commerce, and other web-based services. Companies are increasingly expanding their online presence, making data security and secured online transactions mandatory. CAs provide the infrastructure needed to allow safe online communication while thwarting a wide range of cyber threats, including data breaches, phishing, and man-in-the-middle attacks. Global internet usage is indeed growing exponentially and so is the need for Internet security. This is because online security encompasses all digital certificates, which are issued by CAs, in the course of expanding the portfolio of services globally. The number of global internet users is projected to exceed six billion in five years and from Atlas VPN. Global internet users are estimated to grow to reach 6.13 billion by 2028, which will translate to approximately 64.4% of the global population. This is from an estimated number of 5.16 billion users in 2023. This translates to growth of nearly a fifth or 19% from current numbers. Moreover, the certificate authority market shall expand throughout the forecast period as more and more users adapt to IoT and BYOD trends, further analyzed. Therefore, with the rising of new business models and applications supported by reduced device costs, the IoT adoption certainly increases connected devices. The fast rise in the rate of IoT installation in enterprises has indicated the need to utilize digital certificates from certificate authorities in safeguarding the confidentiality and integrity of data that will be transferred between connected devices and servers.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Large Organization
Fastest Growth
Small & Medium-Sized Enterprises
Growth Rate
11.0% CAGR
Global Certificate Authority Market By Geography ($ Bn)
Country Share for North America (%)
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Certificate Authority Market Segments Analysis
Global Certificate Authority Market is segmented by Offerings, Validation Type, Organization Size, End User and region. Based on Offerings, the market is segmented into Certificate Type, Services. Based on Validation Type, the market is segmented into Domain Validation, Organization Validation, Extended Validation. Based on Organization Size, the market is segmented into Large Organization, SMEs. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Government & Defence, Healthcare & Life Sciences, IT & Telecom, Travel & Hospitality, Education, Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Offerings
The certificate type segment led the market in 2023, with a leading revenue share of 62.0%. Growth in this segment is attributed to the increasing adoption of hybrid IT infrastructures and cloud computing services requiring agile and elastic security solutions, such as digital certificates from Certificate Authorities (CAs). As companies shift towards multi-cloud configurations and cloud-based operations, it has become imperative to secure data not only in transit but also at rest. The growing popularity of security also creates the demand for SSL/TLS certificates, which are essentials in authenticating cloud-based services and encrypting data transactions. All things considered, a heavy reliance on digital certificates thus reveals an important role for part playing in modern tactics around cybersecurity.
For the forecast period, the services segment would be growing at the highest compound annual growth rate. The guidelines and initiatives of the European Data Protection Board and the Privacy Sandbox demonstrate how much privacy-enhancing technology and strong data protection laws have emerged as relevant topics. Due to such initiatives, organizations are adopting encryption and authentication solutions from CAs. The implementation of these ideas will empower organizations to greatly strengthen data privacy and reduce threats associated with unauthorized access and data theft. Organizations that believe their information must be strictly protected or are strictly abiding by data protection regulations have reason to make secure communication a focus.
Analysis by Organization Size
The large organization segment dominated the market with a significant revenue share of 74.7% in 2023. As these businesses are initiating massive-scale digital transformation programs to modernize and transform their business processes against changing consumer requirements, the demand for digital certificates issued by the CAs is increasing. By customizing their solutions to scale and be flexible in order to fit the needs of enterprise clients, CAs are changing their approach in a bid to effectively manage the distinct security challenges major organizations face. In this way, customization moves the tide and allows major organizations to stay ahead as competition in an increasingly digital world dictates, going together with their strategic objectives while enhancing security at the same time.
The small and medium-sized enterprises (SME) segment is anticipated to grow at the highest CAGR during the forecast period. This growth is primarily due to the increasing implementation of IoT devices by SMEs for purposes such as asset tracking, inventory management, and environmental monitoring. With the growth of the number of IoT devices, secure device authentication and communication have become inevitable in securing sensitive information. To meet this requirement, certificate authorities have been issuing digital certificates specially for use in Internet of Things devices. The demand for CA services from this industry is mainly fueled by the kinds of certifications SMEs must derive to establish secure connections and prevent tampering and unwarranted accesses.
Global Ceritificate Authority Market By Organization Size
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Certificate Authority Market Regional Insights
The North American market dominated at the most rapid CAGR during the forecast period and is expected to hold the leading revenue share of 33.7% in the certificate authority market in 2023. Threats related to cybersecurity threats and regulatory compliances are on a high increase, and thus it has led businesses and government organizations channel their focus towards spending on cyber security expenditure due to the increase in data breaches and cyberattacks. This involves SSL/TLS certificates where the encryption takes place for data transmission and authentication on identities of websites and online platforms. Moreover, regulatory frameworks including the Federal Information Security Management Act, or FISMA; Payment Card Industry Data Security Standard, or PCI DSS; and Health Insurance Portability and Accountability Act, or HIPAA, require digital certificates as part of stringent security measures to ensure the protection of sensitive data and meet regulatory compliance.
Given the fact that the e-commerce sector is rapidly growing and the rise of digital payments, the Asia Pacific certificate authority market is poised to grow at an incredible CAGR over the forecast period. Consumers in Asia Pacific increasingly prefer online retailers thus making safe online transactions indispensable. Digital certificates are now more prevalent as building blocks for confidence and security in online transactions. They have emerged by the hundreds due mainly to the demand from businesses to step up their levels of cybersecurity protocols. The financial and logistical services alike, which have recently undergone some form of digital transformation, are also beginning to reflect this pattern. For instance, Visa, which operates to facilitate digital payments, announced in May 2023 that it would partner with seven new companies within its Visa Accelerator Program in Asia Pacific. The different startups come from Germany, Singapore, Thailand, India, and China, where they will work on projects in embedded finance, open banking services, small business enablers, Web 3.0, and international money flow. This alliance will underscore the possibilities and needs for strong cybersecurity, including commercial and public CAs' digital certificates, that will enable secure and trustworthy digital transactions to facilitate innovations and regional prosperity.
Global Certificate Authoriity Market By Geography
- Largest
- Fastest
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Certificate Authority Market Dynamics
Drivers
Increasing Risks to Cyber Security
- Cyberattacks are growing in number and advancements, requiring robust security measures such as digital certificates. A growing number of organizations are relying on SSL/TLS certificates to encrypt data and ensure that connections remain safe. Businesses experience increasing risks to sensitive data and they immediately fuel the demand for digital certificates issued by the Certificate Authorities with scalability and dependability.
Regulatory Compliance Norms
- To comply with strict data protection, privacy rules and compliance requirements such as the GDPR and HIPAA, organizations are using digital certificates. Regarding the protection of user information, such regulations do expect the secure transmission of sensitive information and the adoption of authenticating protocols. Companies thereby have an industry demand for compliance with laws, where the issuance of digital certificates by Certificate Authorities becomes essential.
Restraints
High Implementation Costs
- The cost of digital certificate systems may be too prohibitive for some businesses, particularly SMEs, to incur the upfront costs. The acquisition, storage, and handling costs of digital certificates will scare potential buyers from acquiring these products. This costly barrier may leave the industry confined, more so for SMEs seeking cheap cybersecurity solutions well within a tight budget.
Complexity of Certificate Management
- Organizations with less experience in digital certificates will find difficult times in their management due to their complexity and intense resource use. Inability to find appropriate solutions to problems associated with issuance, renewal, and revocation of certificates may lead to breach of security issues. The advancement of the solution offered by digital certificates may cause some organizations not fully embracing them, and this will affect growth as well as acceptance rates in the market at large.
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Certificate Authority Market Competitive Landscape
The certificate authority market is very competitive. Large companies such as DigiCert and Sectigo along with newer entrants are targeting niche areas, such as security of IoT. Large CAs are leveraging their brand reputation and product diversity, always serving up new ideas that add to security and automation. Greater collaboration between CAs and the IT community is driving integrated solutions. This dynamic environment, of course, presents an aggressive and innovative market to organizations looking for effective cybersecurity and digital certificate management solutions.
Top Players in Certificate Authority Market
- GlobalSign
- Let's Encrypt
- IdenTrust
- Entrust
- SSL.com
- Actalis S.p.A
- Trustwave (Chertoff Group)
- Buypass AS
- WISeKey
- ZeroSSL
- SwissSign AG
- OneSpan Inc.
- Camerfirma
- Tencent SSL Certificate Service
- Alibaba Cloud SSL Certificates
- Keyfactor
- Namecheap
Recent Developments
- January 2024: WISeKey International Holding Ltd. announced that it would contribute to the expansion of Asia-Pacific M&A Association (APMAA) growth by being one of the founding members of the newly established Global Mergers, Acquisitions & Investment Council. This program emphasizes low-carbon solutions in striving for healthy business practices and environmental health with the strategic integration of AI for sustainable development in M&A.
- December 2023: OneSpan rolls out a new partner network program with much-reaching benefits to spur growth as well as aid the company's partners in delivering secure client experiences. Partner network members can grow their e-signature and security offerings with sales, technical support, certification, training, and financial incentives.
- April 2023: Entrust Corporation publicly released its Identity and Access Management product with major improvements. Among new passwordless and certificate-based authentication features is the integration of the company's smart keys and FIDO2 passkeys in this release. In this endeavor, the aim is to upgrade security protocols by ensuring consumers have an authentication experience that is much easier to use.
Certificate Authority Key Market Trends
- Move Towards Automatic and Ease: Certificates management automation is rapidly becoming more and more popular in developing efficiency and reducing the chance of human error. Organizations are increasingly turning to solutions that automate the issuance, renewal, or revocation of their certificates. Such change, therefore enables organizations to keep abreast of security regulations by improving security and letting enterprises manage their digital certificate lifecycles more effectively.
- Growing IoT and Device Authentication: Along with the extension of the Internet of Things, this demand for safe device authentication grows as well. There are specialized digital certificates meant specifically for Internet of Things devices from the certificate authorities, which may be used in safe communication and protection against unwanted access. This trend points to how IoT technologies expand towards a larger part of the various businesses, placing an increased requirement for strong authentication solutions that will protect sensitive information and enhance their overall security.
Certificate Authority Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the certificate authority market is expected to have an exponential growth mainly because of the increasing presence of digital solutions in various sectors, strict regulations, and increased cybersecurity concerns. Constant improvements in the choice of digital certificates by well-established companies and innovative startups have built a competitive environment in the market. As more and more businesses start perceiving security communication and data security as the biggest precedence, digital certificates will eventually gain even greater momentum. Other factors that will result in further market growth include the use of IoT security solutions and automation of certificate management. As technology advances, protecting digital assets and establishing confidence in online interaction through digital certificates will be vital in the certificate authority market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 185 Million |
| Market size value in 2032 | USD 427.35 Million |
| Growth Rate | 11.0% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Certificate Authority Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Certificate Authority Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Certificate Authority Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Certificate Authority Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Certificate Authority Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Certificate Authority Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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