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

Sarasota, FL -- (SBWire) -- 02/12/2019 --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, global certificate authority market was valued at around USD 57.9 Million in 2017 and is expected to reach approximately USD 114.1 Million in 2024, growing at a CAGR of slightly above 10.18% between 2018 and 2024.

The entity responsible for issuing digital certificates that are implied for various identification and other confidential applications is termed as a certificate authority. Both the person requiring authentic identification and the certificate owner significantly rely on the certificate authority. These digital certificates are highly secured and apart from identification, they opt for encryption of enormous digital transaction as well.

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Globally enhancing awareness of cybercrimes among various internet users is primarily boosting market growth. According to Gemalto NV, in the year 2017, nearly 900 data breaches were encountered in the first six months itself. By June 2017, more than 1.9 Billion data breaches records were registered, which is more than that in 2016 altogether. Moreover many large scale organizations are mandating certificate authorities, in order to build trust among rapidly expanding the online customer base.

However, some of the websites make use of self-signed certificates and thereby acting as self-certification authority which in return is restraining the market growth to a certain extent. IoT is trending globally that has simultaneously inflated the demand of IoT based Public Key Infrastructure (PKI) and is anticipated to create opportunities during the forecast period. According to Forbes, IoT market accounted USD 235 Billion by the year 2017 and is anticipated to get doubled by 2021.

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Certificate authority market is segmented based on component, validation, end-user, and region. A component segment of the market is majorly categorized into types of certificates and services offered. Certificate segment further includes an SSL certificate, secure email certificates, code signing certificates, and authentication certificate. Authentication segment is anticipated to grow substantially in the forecast period as it is preferred by clients for authenticating websites. Services segment is bifurcated into support services, managed PKI services, and other services. Support services are anticipated to encounter notable growth in the upcoming years for managing a large number of digital certificates.

Validation segment comprises extended validation certificates, organization validated certificates, and domain validated certificates. In the forecast period organization validated certificates are expected to be in high 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. BFSI segment is estimated to encounter significant share in upcoming years attributed to the fact of increasing demand for securing client's confidential data. Based on geography the market is segmented into North America, Europe, Latin America, Asia Pacific, and MEA. The Asia Pacific is forecast to grow tremendously, due to flourishing IoT trends and digital transformation.

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Adoption of the certificate authority is emerging globally and rapid technical developments are implemented by major market players. Prime certificate authority market players are Symantec Group, Sectigo, IdenTrust, Go Daddy Group, DigiCert Group, Certum, GlobalSign, Entrust, Actalis, Let's Encrypt, Secom Trust, Trustwave, WISeKey Group, StartCom, Comodo CA, Camerfirma , WISeKey , SwissSign, TWCA, and Asseco Data Systems among others.

The report segments global certificate authority market as follows:

Certificate Authority Market: Component Segment Analysis

Certificate
SSL Certificate
Secure Email Certificates
Code Signing Certificates
Authentication Certificate
Services
Support Services
Managed PKI Services
Others

Certificate Authority Market: Validation Segment Analysis

Extended Validation Certificates
Organization Validated Certificates
Domain Validated Certificates

Certificate Authority Market: End-user Segment Analysis

Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Retail
Aerospace and Defense
Government
Healthcare
Education
Others

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Certificate Authority Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa