NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- The global
secure sockets layer certification market size is estimated to grow
by USD 11.89 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 27.17% during the forecast period. Increasing awareness of
end-users is driving market growth, with a trend towards growing
number of online transactions. However, use of self-signed
certificates poses a challenge. Key market players
include Alibaba Group Holding Ltd., AlphaSSL, Aruba Spa, ASSA
ABLOY AB, Asseco Poland SA, Comodo Security Solutions Inc.,
DigiCert Inc., Entrust Corp., GlobalSign Ltd., GoDaddy Inc.,
Internet Security Research Group, Secom Co. Ltd., Sectigo Ltd.,
Singapore Telecommunications Ltd., SSL.com, Stack Holdings GmbH,
SwissSign AG, Taiwan CA Inc., Tencent
Holdings Ltd., and Web.com Group Inc.
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segments, customer landscape, and companies- View the
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Secure Sockets Layer Certification Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
27.17%
|
Market growth
2024-2028
|
USD 11898.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
20.99
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
36%
|
Key
countries
|
US, UK, China, Canada,
and Germany
|
Key companies
profiled
|
Alibaba Group Holding
Ltd., AlphaSSL, Aruba Spa, ASSA ABLOY AB, Asseco Poland SA, Comodo
Security Solutions Inc., DigiCert Inc., Entrust Corp., GlobalSign
Ltd., GoDaddy Inc., Internet Security Research Group, Secom Co.
Ltd., Sectigo Ltd., Singapore Telecommunications Ltd., SSL.com,
Stack Holdings GmbH, SwissSign AG, Taiwan CA Inc., Tencent Holdings
Ltd., and Web.com Group Inc.
|
Market Driver
The shift towards e-commerce and mobile wallets for transactions
has made data security a top priority. To secure customer
confidential information, such as names, contact numbers, and
credit card details, e-commerce platforms and mobile wallet
providers must use SSL certificates. The global SSL certification
market is poised for growth due to this increasing demand. EV SSL
certificates, which secure sensitive information from hackers, are
particularly important for mobile wallet vendors and e-commerce
sites. The convenience of e-commerce and mobile wallets, along with
the need for secure transactions, will fuel the growth of the SSL
certification market during the forecast period.
The Secure Sockets Layer (SSL) certification market is
experiencing significant growth due to increasing emphasis on
confidence and security in various sectors. Healthcare,
telemedicine, public services, and IT & Telecom are major
industries adopting SSL certificates for secure web services and
telecommunications. Automated certificate management and the
availability of free SSL certificates from entities like Let's
Encrypt simplify implementation. However, certificate management
burden and cost considerations remain challenges. SSL certificates
are crucial for web service hosts, protecting data transmitted over
the internet, wired networks, and wireless networks. Certificate
authorities issue these digital certificates, ensuring secure
connections using SSL protocol.
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Market Challenges
- Self-signed SSL certificates are digital certificates that
are signed by the same entity whose identity they validate. While
these certificates are convenient for individual users and Small
and Medium Enterprises (SMEs) during server testing, they are not
widely accepted by browsers due to security concerns. As a result,
users encounter error messages when visiting self-signed
certificate-verified websites. These unregulated certificates pose
a risk, as compromised websites will still appear secure to
end-users. This trend may negatively impact the revenue of the SSL
certificate market, as organizations may opt to bypass certificate
purchases by using third-party transaction processors like PayPal.
The use of self-signed certificates is expected to pose a challenge
for Certificate Authorities (CAs) during the forecast period.
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challenges - Request a sample report!
Segment Overview
This secure sockets layer certification market report
extensively covers market segmentation by
- Type
- 1.1 Domain validation
- 1.2 Organization validation
- 1.3 Extended validation
- End-user
- 2.1 Large enterprises
- 2.2 SMEs
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Domain validation- The Secure Sockets Layer (SSL)
certification market is growing due to the increasing need for
secure online transactions and data protection. SSL certificates
authenticate websites and encrypt data, ensuring confidentiality
and integrity. Businesses in various industries, particularly
e-commerce and finance, invest in SSL certificates to safeguard
customer information and comply with regulatory requirements. The
SSL certification market is expected to expand as more businesses
move their operations online and prioritize cybersecurity.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The Global Communication Platform-as-a-Service (CPaaS) market is
experiencing rapid growth due to increasing demand for integrated
communication solutions across industries. CPaaS enables businesses
to embed real-time communication features such as voice, video, and
messaging into their applications via APIs. Key drivers include the
rise of remote work, digital transformation initiatives, and the
need for enhanced customer engagement. With major players like
Twilio, Vonage, and Sinch leading the market, CPaaS is projected to
witness significant expansion, driven by advancements in AI and
cloud technology.
Research Analysis
The SSL certificate market plays a crucial role in securing
online transactions and protecting sensitive information on the
web. Browsers rely on SSL certificates to establish secure
connections and encrypt data exchanged between users and website
servers. This includes personal information such as credit card
numbers, banking information, passwords, email addresses, and other
sensitive details. With the increasing use of cloud-based
technologies, SSL certificates have become essential for securing
data transmitted over wireless networks.
Market Research Overview
The Secure Sockets Layer (SSL) certification market is a
critical component of the digital ecosystem, ensuring secure online
transactions and data protection for web servers and browsers. SSL
certificates safeguard sensitive information such as personal
details, credit card numbers, banking information, passwords, email
addresses, and other confidential data during online interactions.
With the increasing use of cloud-based technologies, mobile app
usage, and mobile-friendly websites, SSL certificates have become
essential for cloud computing and data security. Government
agencies, website owners, and organizations in various sectors
including healthcare, telemedicine, public services, e-commerce,
online banking, and SMEs, rely on SSL certificates to meet
compliance requirements under GDPR and other regulations.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Domain Validation
- Organization Validation
- Extended Validation
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio