Certificate Authority Market Size

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.

FAQs

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. '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'

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.

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.

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.