The global certificate authority market is expected to grow from USD 167 million in 2023 to USD 282 million by 2028, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. The market's expansion is driven by stringent regulatory standards and data privacy compliance requirements.
Government mandates and the need for adherence to security regulations have significantly influenced the adoption of certificate authority solutions and services, as businesses seek to safeguard sensitive information and meet security standards. Furthermore, the growing adoption of cloud-based and virtualization technologies has amplified the demand for certificate authority services. These combined factors are driving the growth and evolution of the certificate authority market.
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Based on offerings, the services segment is expected to grow at higher CAGR during the forecasted period.
Certificate authority services are the support offered by vendors to assist their customers with the efficient use and operation of certificates. These services include support services, implementation and integration services, and managed PKI services. Moreover, these services offer guidelines on the use of certificates and help embed best practices in organizations. Services associated with certificate authorities contribute to enhanced user experience by providing secure and seamless digital interactions. SSL/TLS certificates, for example, display padlock icons or green address bars in web browsers, indicating a secure connection, which instills trust in users and encourages them to engage with online services.
Technological advancements, such as quantum computing and blockchain, present new challenges and opportunities in the field of digital security. Certificate authorities are evolving their services to address these emerging technologies, including developing quantum-resistant encryption algorithms and providing blockchain-based certificate management solutions.
By SSL certificate validation type, the domain validation segment to hold a larger market size during the forecast period
Domain validation offers organizations an economical, quick, and easy-to-implement option for securing their websites. Domain validated, and fully automated validation type enables users to start protecting their eCommerce, logins, webmail, blog visitors, and more within a few minutes. It is one of the fastest and most affordable ways to activate SSL protection for the website. Various industry standards and best practices, such as those set by the Payment Card Industry Data Security Standard (PCI DSS) or the General Data Protection Regulation (GDPR), require the use of SSL/TLS certificates for secure data transmission. In such cases domain validation certificates help organizations meet these compliance requirements in a cost-effective manner.
By region, Asia Pacific is to grow at the highest CAGR during the forecast period.
Asia Pacific is the fastest-growing region in the certificate authority market, with promising growth opportunities in China, Japan, India, and other developing countries. The large enterprises and SMEs in the region realize the significance of data security and are receptive to adopting dedicated certificate authority solutions to protect their critical and sensitive business data from commercial espionage, cyber threats, and misuse of data for monetary gains.
Enhancements in the industries which handle critical data like government, BFSI and healthcare infrastructure have increased the demand for certificate authority solutions in this region. Due to the rise in internet users and the frequency of cyberattacks, several Asia Pacific nations are putting on large public awareness campaigns and programs on cybersecurity. Due to their capacity to increase online security, these initiatives are driving the need for identity certificates or digital signatures. As a result, the market for certificate authorities in the Asia Pacific region is expanding.
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Unique Features in the Certificate Authority Market
Certificate authorities (CAs) play a critical role in establishing digital trust by issuing secure digital certificates that authenticate the identities of websites, organizations, and devices. This foundational role ensures encrypted communication and builds confidence in online interactions.
CAs adhere to stringent global and regional regulatory standards, including GDPR, HIPAA, and PCI DSS, ensuring the issuance and management of certificates align with data protection and privacy laws. This compliance makes them indispensable for organizations in regulated industries.
Modern certificate authorities provide end-to-end lifecycle management services, including certificate issuance, renewal, revocation, and monitoring. These features help businesses maintain uninterrupted security and compliance.
CAs cater to diverse needs by offering various types of certificates, such as SSL/TLS, code signing, email encryption, and document signing certificates. This versatility enables them to support multiple use cases across industries.
As organizations increasingly migrate to cloud environments and adopt virtualization technologies, CAs are evolving to support cloud-native architectures. These solutions integrate seamlessly with cloud platforms, ensuring secure and scalable operations.
Major Highlights of the Certificate Authority Market
The rapid proliferation of cloud-based and virtualization technologies has significantly boosted the demand for certificate authorities. Organizations are leveraging these solutions to secure dynamic and scalable cloud environments.
As data breaches and cyber threats become more sophisticated, organizations are turning to certificate authorities to strengthen data privacy. Digital certificates are pivotal in encrypting sensitive information and ensuring secure communication.
The versatility of certificate authority solutions allows them to be widely used across industries such as healthcare, finance, eCommerce, and government. These sectors rely on CAs for secure transactions, identity verification, and regulatory compliance.
Modern certificate authorities are incorporating automation into certificate lifecycle management, reducing manual intervention and enhancing efficiency. This feature is particularly valuable for organizations managing large volumes of certificates.
The increasing adoption of IoT devices has created a demand for specialized certificates to secure interconnected systems. Certificate authorities are evolving to address this need, ensuring secure communication in IoT ecosystems.
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Top Companies in the Certificate Authority Market
The certificate authority market is led by some of the globally established players, such as Sectigo (US), DigiCert (US), GlobalSign (Belgium), GoDaddy (US), IdenTrust (US), Certum (Poland). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.
Sectigo (US)
Sectigo is a cybersecurity provider of digital identity solutions, including TLS/SSL certificates, DevOps, IoT, enterprise-grade PKI management, and multi-layered web security solutions. Many of the largest companies in the world rely on Sectigo as a leading supplier of automated Certificate Lifecycle Management (CLM) and digital certificates. To protect every computer and human identity throughout the company, its cloud-based universal CLM platform issues and maintains the lifecycles of digital certificates issued by Sectigo and other Certificate Authorities (CAs).
700,000 businesses around the world use Sectigo digital solutions. Sectigo provides automated public and private PKI solutions to secure web servers, user access, connected devices, and applications for enterprises of all sizes. Sectigo has issued more than 100,000 digital certificates. More than 36% of Fortune 1000 companies rely on Sectigo solutions. The company has a global reach in nearly 200 countries.
GlobalSign (Belgium)
GlobalSign is an identity services company offering cloud-based PKI solutions for enterprises to conduct secured content delivery. Small businesses, large enterprises, cloud-based service providers, and IoT innovators worldwide use GlobalSign’s identity and security solutions to conduct secure communications, manage millions of verified digital identities and automate authentication and encryption. Its managed SSL/TSL services offer tools, services and SSL products to secure internal and public servers, respond to threats, and control SSL costs. It includes SSL/TLS, digital signatures, secure email, code signing, and authentications. The company also offers Atlas, a high-availability, high-throughput Certificate Authority (CA), enabling automation and streamlining digital certificate usage by enterprises and organizations.
IdenTrust (US)
IdenTrust offers the most trusted & secure digital certificates used for digital signing, secure access & email encryption across a variety of industries. IdenTrust, part of HID Global, is a leading digital certificate provider that establishes the basis for trusted identity solutions. As a certificate authority, IdenTrust provides validation for digital certificates, including TLS/SSL certificates, email security via S/MIME certificates, digital signature certificates, code signing certificates, and x.509 certificates for protecting network and IoT devices. The company specializes in interoperable identity services, managed identity services, managed PKI services, and business SSL certificates. An encrypted connection is created using IdenTrust TLS/SSL certificates between a user's machine or browser and a server or website. Online transactions may be carried out with total trust thanks to this connection's protection of sensitive data from interception by unauthorized parties while it is in transit. Moreover, IdenTrust also issues An IdenTrust Secure Email (S/MIME) certificate used to confirm email addresses and sign and encrypt email communications.
Entrust (US)
Entrust is a US-based company that provides identity and data security solutions. Founded in 1994 and headquartered in Shakopee, Minnesota, Entrust offers a range of products and services, including digital certificates, multi-factor authentication, encryption, and secure communications. Entrust focuses on ensuring the security of digital identities and transactions for businesses, governments, and financial institutions globally. The company has a strong reputation in the cybersecurity industry for its comprehensive security solutions.
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