Certificate Authority Market Size

Certificate Authority Market Analysis

The Certificate Authority Market size is estimated at USD 180.18 million in 2024, and is expected to reach USD 325.26 million by 2029, growing at a CAGR of 12.54% during the forecast period (2024-2029).

The rise in awareness among internet users about secure web access, the increasing need to build trust among the expanding online customer base, and adhering to rigorous compliances and regulations are some of the driving factors anticipated to drive the growth of the certificate authority market during the forecast period.

• A certificate authority (CA), also seldom mentioned as a certification authority, is a firm or company that works to authenticate the identities of entities (such as email addresses, companies, websites, or individual persons) and bind them to cryptographic keys through the issuance of electronic documents recognized as digital certificates.
• The rise in awareness among internet users about secure web access, the increasing need to build trust among the expanding online customer base, and adhering to rigorous compliances and regulations are the major factors anticipated to drive the market growth studied during the forecast period.
• The certificate-based authentication uses a digital certificate to identify a user, machine, or device before granting access to a resource, network, and application. The growing IoT and BYOD trends are also expected to increase the adoption of authentication certificates.
• A certificate authority (CA) is a reputable organization that issues SSL certificates. These digital certificates are data files that link an entity to a public key cryptographically. Web browsers use them to verify content provided from web servers, guaranteeing that content presented online is trustworthy.
• The SSL certificates segment deems for a principal share of the certification authority market due to its integrity, non-repudiation, encryption, and authentication features. It is a domain validated and completely automated validation type that allows users to start defending their eCommerce, webmail, blog visitors, logins, and more within a few minutes. It is one of the swiftest and most affordable means to activate SSL protection for the website.
• The healthcare industry vertical is anticipated to grow tremendously during the forecast period, owing to an expanding need to secure customers' data and satisfy compliance requirements. The growing incidents of cyber-attacks on Personally Identifiable Information (PII), Electronic Health Records (EHR), and Protected Health Information (PHI) are major concerns for healthcare organizations.
• Owing to the COVID-19 pandemic, the market did not witness any negative impact. Most businesses were compelled to move staff to remote work in weeks, if not days. The changeover has ushered in a slew of new security dangers. In today's environment, multifactor authentication, such as PKI certificates and passwords, is the most effective way to apply flexible, scalable security to networks and their users.