The global certificate authority market size was US$ 127.54 million in 2021. The global certificate authority market size is forecast to reach US$ 358.83 million by 2030, growing at a compound annual growth rate (CAGR) of 12.3% during the forecast period from 2022 to 2030.
The certificate authority (CA), occasionally known as a certification authority, acts to authenticate the identities of individuals, organizations, and websites (for example, websites, email addresses, and companies). The electronic documents known as digital certificates bind them to cryptographic keys. The purpose of a digital certificate is to authenticate an entity's identity by serving as a credential that validates that entity's identity. The use of encryption for secure communication over insecure networks, such as the Internet. The integrity of documents signed with the certificate so that they cannot be altered by a third party while in transit.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market growth. Cybercriminals took advantage of the COVID-19 pandemic in order to launch Hypertext Transfer Protocol Secure (HTTPS) phishing attacks. In order to scam individuals, they used social engineering techniques to lure people into scamming websites with everything from fake news to remedies. Furthermore, the certificate authority market played a vital role in ensuring that the products and services offered, especially in the healthcare sector, meet the fundamental requirements.
Regional Insights
North America garnered the largest market share in 2021. The primary market drivers are the rising importance of certificate authority traders, investments and developments, and a stringent regulatory climate.
The Asia Pacific is forecast to have lucrative growth during the forecast period. As a result of an increase in the number of online businesses, rapid digitalization, and wide adoption of the internet of things (IoT). Globally, Chinese mobile providers lead the way in integrating IoT solutions. Increasing malware and file-based attacks, increased concerns about data loss, a surge in IoT and cloud capabilities, and stringent compliance and regulatory requirements are driving growth in the Asia Pacific market.
Leading Competitors
The leading prominent companies profiled in the global certificate authority market are:
Scope of the Report
The global certificate authority market segmentation focuses on Certificate, Services, Organization Size, Vertical, and Region.
Segmentation based on Certificate
Segmentation based on Services
Segmentation based on Organization Size
Segmentation based on Vertical
Segmentation based on Region
