The key players operating in the Certificate authority Market are certificate authority market size is projected to grow from USD 167 million in 2023 to USD 282 million by 2028 at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. The expansion of the certificate authority market can be attributed to a rise in instances of HTTPS phishing attacks and stringent regulatory standards and data privacy compliances., By vertical, retail, and eCommerce segment is to grow at the highest CAGR during the forecast period., The retail and eCommerce industry is a frequent target of phishing attacks and fraudulent activities. Certificate authorities provide SSL/TLS certificates that help prevent these malicious activities by displaying visual cues, such as the padlock icon or the organization's verified name, which distinguish legitimate websites from fraudulent ones. By implementing SSL/TLS certificates, retail and eCommerce businesses can protect their customers from phishing scams, build trust, and maintain the integrity of their brands., The retail and eCommerce industry heavily relies on online transactions, including purchases, payments, and customer data exchanges. Certificate authorities play a critical role in providing SSL/TLS certificates that secure these transactions by encrypting sensitive data, such as credit card information, ensuring secure communication channels, and protecting customer privacy. Implementing SSL/TLS certificates instills confidence in customers, reduces the risk of data breaches, and promotes a secure shopping experience., By offerings, the services segment is expected to grow at higher CAGR during the forecast period, Certificate authority services are the support offered by vendors to assist their customers with the efficient use and operation of certificates. These services include support, implementation, integration, and managed PKI services. Moreover, these services offer guidelines on the use of certificates and help embed best practices in organizations. The complex nature of digital security requires collaboration between various stakeholders, including certificate authorities, software vendors, cybersecurity firms, and industry consortiums. Market drivers for certificate authority services include the need for collaboration and partnerships to develop and implement standardized security practices and frameworks., By region, North America accounts for the highest market size during the forecast period., North America consists of developed countries that are technologically advanced with well-developed infrastructure. Being the strongest economies, the US and Canada are the top contributing countries in North America in the certificate authority market. The digital revolution of several industries, including banking, healthcare, e-commerce, and government services, is leading the way in North America. The need for certificate authority and digital certificates has risen due to the development of cloud computing, Internet of Things (IoT) devices, and mobile apps, raising the requirement for secure communication and data security. Moreover, the cyberattack surge is expected to drive the need for SSL certificate solutions and services across North America. North America is a major target for cyberattacks, and certificate authority plays an important role in protecting businesses and individuals from these attacks., Driver: Rise in instances of HTTPS phishing attacks, The increase in HTTP phishing assaults emphasizes the importance of providing safe and reliable communication channels by employing reputable certificate authorities and legitimate SSL/TLS certificates. Certificate authorities are essential in phishing attack risk prevention and mitigation, safeguarding users and organizations from potential data breaches and monetary losses. The SSL/TLS certificates that enable safe and encrypted communication between websites and users are provided by certificate authorities, which are essential to this process. Phishing attacks frequently make use of bogus websites that seem like authentic websites. Legitimate websites may prove their legitimacy and encrypt the communication channel by getting SSL/TLS certificates from trustworthy certificate authorities, making it more difficult for hackers to intercept or tamper sensitive data., Challenge:Lack of awareness among organizations about the importance of SSL certificates, Organizations across industry verticals do not use digital certificates for their websites due to their lack of awareness about the importance of secured websites. Lack of insight into the certificate system is also a prime concern. The lack of a systematic process causes certificates to be lost on the network because several departments from different locations request and enroll certificates onto endpoints. For instance, it could be quite challenging for administrators to hunt down and renew one certificate after it has expired. A lack of understanding of certificate authority and a shortage of skilled PKI management personnel are other challenges many organizations face., Opportunity: Exponential increase in the adoption of IoT trends across industry verticals, The importance of certificate authority in supplying secure identity management, authentication, and encryption for IoT devices and applications increases as the IoT ecosystem develops and diversifies. Certificate authority has proven itself as a highly secure and flexible solution for protecting and managing the entire connected devices life cycle in an IoT environment. IoT systems and solutions can seamlessly manage and integrate certificates with the help of certificate authority services. In addition to guaranteeing safe and scalable certificate administration, this enables organizations to take advantage of their current IoT infrastructure., Recent Developments, In January 2023, DigiCert launched Trust Lifecycle Manager. The solution unifies CA-agnostic certificate management, private PKI services, and public trust issuance for seamless digital trust infrastructure., In March 2023, GlobalSign announced the successful establishment of a technology partnership with essendi it. The partnership will integrate essendi xc with GlobalSign’s certificate platform, Atlas., In May 2022, IdenTrust issued new Subordinate CA (SubCA), "IGC Device CA 2" to remain compliant with all Federal Public Key Infrastructure Policy Authority (FPKIPA) requirements. It will replace the current "IGC Device CA 1" SubCA., In February 2022, Sectigo announced accessibility updates to its flagship product Sectigo Certificate Manager (SCM) that meet compliance guidelines. SCM's new artificial intelligence automatic accessibility solution through Equal Web improves the user experience., In November 2021, Sectigo partnered with Infinite Rangers. Infinite Ranges is one of the leading experts in public key infrastructure (PKI), encryption, and identity and access management. It offers DevSecOps consulting services. Infinite Ranges provided Sectigo professional services in the United States through this collaboration., KEY MARKET SEGMENTS, By Offerings, Certificate Type, Services, By SSL Certification Validation Type, Domain Validation, Organization Validation, Extended Validation, By organization size, Large Organization, SMEs, By Verticals, BFSI, Retail and eCommerce, Government and Defence, Healthcare and Life Sciences, IT and Telecom, Travel and Hospitality, Education, Other Verticals, By Region, North America, Europe, Asia Pacific, Middle East & Africa, Latin America, KEY MARKET PLAYERS, Sectigo, Digicert, GlobalSign, GoDaddy, IdenTrust, Entrust, Certum , Actalis, Lets Encrypt, SSL.Com , E-Tugra, WISekey, Trustwave, SwissSign, TWCA, Buypass, Camerfirma, Harica, Certigna, NETLOCK, TURKTRUST, certSIGN, Disig, Network Solutions, OneSpan.
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