Sarasota, FL -- (SBWire) -- 01/07/2019 --Zion Market Research has published a new report titled "Certificate Authority Market by Component (Certificate (SSL Certificate, Secure Email Certificates, Code Signing Certificates, and Authentication Certificate) and Services (Support Services, Managed PKI Services, and Others)), by Validation (Extended Validation Certificates, Organization Validated Certificates, and Domain Validated Certificates), and by End-User (Banking, Financial Services, and Insurance (BFSI), Retail, Government, Aerospace and Defense, Healthcare, IT and Telecom, Education, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024''. According to the report, the global certificate authority market was valued at around USD 57 million in 2017 and is expected to reach approximately USD 114 million by 2024, growing at a CAGR of slightly above 10.18% between 2018 and 2024.
Entities responsible for issuing digital certificates, which are used for various identification and other confidential applications, are called certificate authorities. Both the person requiring authentic identification and certificate owner significantly rely on these certificate authorities. These digital certificates are highly secured and are widely used for encryption of enormous digital transactions.
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The increasing awareness of cybercrimes among various internet users is anticipated to primarily boost this market. Gemalto reported that nearly 900 data breaches happened in the second quarter of 2017. More than 1.9 billion data breach records were registered by June 2017. Moreover, many large-scale organizations are mandating certificate authorities, to build trust among their rapidly expanding online customer bases. However, the high initial deployment cost might limit the certificate authority market in the future. The IoT market is trending globally that is simultaneously inflating the demand for IoT based Public Key Infrastructure (PKI) and is anticipated to create new market opportunities in the forecast time period. According to the Forbes, the IoT market accounted USD 235 billion in 2017 and this figure is anticipated to be doubled by 2021.
The certificate authority market is segmented based on component, validation, and end-user. The component segment is categorized into certificates and services offered. The certificates segment includes SSL certificate, secure email certificates, code signing certificates, and authentication certificate. Authentication certificates are anticipated to grow substantially over the forecast time period, as they are preferred by clients for authenticating websites.
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The services segment includes support services, managed PKI services, and other services. Support services are anticipated to witness notable growth in the future, owing to the ability of firms to manage a large number of digital certificates. The validation segment comprises extended validation certificates, organization validated certificates, and domain validated certificates. During the forecast period, organization validated certificates are expected to be in huge demand for building client's trust and retention. The end-user segment includes Banking, Financial Services, and Insurance (BFSI), retail, government, aerospace and defense, healthcare, IT and telecom, education, and others. The BFSI sector is estimated to hold a significant market share in the upcoming years, due to the increasing demand for securing client's confidential data.
Global Certificate Authority Market Report Provides Comprehensive Analysis of:
- Certificate Authority Market industry diagram
- Up and Downstream industry investigation
- Economy effect features diagnosis
- Channels and speculation plausibility
- Market contest by Players
- Improvement recommendations examination
Regionally, the certificate authority market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific certificate authority market is anticipated to grow exponentially in the near future, due to the flourishing IoT sector and rapid digital transformation.
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Some globally renowned players of certificate authority market include Symantec Group, Sectigo, IdenTrust, GoDaddy Group, DigiCert Group, Certum, GlobalSign, Entrust, Actalis, Let's Encrypt, Secom Trust, Trustwave, WISeKey Group, StartCom, ComodoCA, Camerfirma, SwissSign, TWCA, and Asseco Data Systems, among others.
Following are major Table of Content of Certificate Authority Market Report:
1. Industry Overview of Certificate Authority Market.
2. Manufacturing Cost Structure Analysis of Certificate Authority Market market.
3. Technical Data and Manufacturing Plants Analysis of Certificate Authority Market.
4. Capacity, Production and Revenue Analysis.
5. Price, Cost, Gross and Gross Margin Analysis of Certificate Authority Market by Regions, Types, and Manufacturers.
6. Consumption Volume, Consumption Value and Sale Price Analysis of Certificate Authority Market industry by Regions, Types, and Applications.
7. Supply, Import, Export and Consumption Analysis of Certificate Authority Market Market.
Global Certificate Authority Market Is Set for a Rapid Growth and Is Anticipated to Reach USD 57 Million by 2024
Global Certificate Authority Market Is Anticipated To Reach Around USD 57 Million By 2024