Global Certificate Authority Market Analysis & Trends - Industry Forecast to 2030

Global Certificate Authority Market Analysis & Trends - Industry Forecast to 2030

Certificate Authority: Market Size

From $206.89 million in 2024, the global Certificate Authority market is projected to reach $511.94 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 16.3% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include exponential increase in the adoption of IoT trend across industry verticals, rise in concerns about loss of critical data, and increase in the need for cloud-based security solutions among SMEs.

Global Certificate Authority Market: Market Dynamics
Rise in instances of HTTPS phishing attacks and stringent regulatory standards and data privacy compliances are the factors driving the market growth.

On the other hand, the running private certificate authorities are likely to obstruct the profit boundaries. In addition, usage of cloud-based services by businesses will further boost for the Certificate Authority market.

Impact of COVID-19 on Certificate Authority
The COVID-19 pandemic has affected every segment of society, including individuals and businesses. The internet ecosystem has been playing a pivotal role all over the globe. Due to the COVID-19 pandemic, the dependency on online businesses has increased significantly. BFSI, healthcare and life sciences, manufacturing, automotive, retail, transport and logistics, among others, are leveraging the internet to provide necessary services to consumers. Amidst the COVID-19 pandemic crisis, various governments and regulatory authorities have mandated both public and private enterprises to embrace new practices of teleworking and maintaining social distance. Since then, digital ways of doing business and usage of emails with home servers became the new business continuity plan (BCP) for various organizations. With the widespread use of mobile devices and internet penetration across the globe, individuals are progressively inclined towards the use of managed PKI services. These changing trends and distributed IT environments have made organizations susceptible to cyber-attacks and data breaches, further fueling the demand for certificate authority solutions and services.

By End User

Banking, Financial Services, and Insurance (BFSI) Segment Dominate the Market in 2024
The banking, financial services, and insurance (BFSI) segment made huge revenue in 2024 during the forecast period. Banks, credit unions, and other financial institutions are major targets for phishing attacks and other scams aimed at identity theft. With a rampant increase in phishing and social engineering incidents, the sector is increasingly focusing on online transaction security. Such factors are leading to the rising usage of secure sockets layer (SSL) certificates, thereby boosting the certificate authority industry.

By Geography

Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the increasing number of online businesses, rapid digital transformation, and surging adoption of the internet of things (IoT). Chinese mobile operators are the foremost companies across the world in the integration of transformative IoT solutions. Public key infrastructure (PKI) certificates help companies achieve this, as digital certificates represent identity in a cross-platform, cross-organizational way.

List of the Key Players Profiled in the Market Include:
• DigiCert
• GlobalSign
• OneSpan
• Sectigo
• Let's Encrypt
• SwissSign
• Network Solutions
• Actalis
• GoDaddy
• Entrust Datacard Corporation
• Trustwave Holdings Inc.
• WISeKey International Holding AG
• IdenTrust Inc

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others