According to a new report, published by KBV research, The Global Certificate Authority Market size is expected to reach $344.9 million by 2030, rising at a market growth of 11.2% CAGR during the forecast period.
The Retail & eCommerce segment would capture a CAGR of 12.1% during (2023 - 2030). Scams such as phishing and other fraudulent practices frequently target the retail & eCommerce sectors. SSL/TLS certificates from certificate authorities assist in preventing these malicious acts by showing visual clues that distinguish trustworthy websites from fraudulent ones, such as the padlock icon or the organization's verified name.
The Small & Medium Enterprises segment is leading the Global Certificate Authority Market by Organization Size in 2022; thereby, achieving a market value of $194.5 million by 2030. Digital signatures are being used by these businesses more often to control their operations related to authentication and security. Because small and medium-sized businesses are adopting more digital technologies, they need digital certificates to prove their legitimacy and gain customers' trust.
The Services segment would obtain a CAGR of 12.5% during (2023 - 2030). Suppliers offer certificate authority services to help their clients utilize and manage certificates effectively. Support services, integration, implementation services, and managed PKI services are some of these services. Also, these firms recommend using certificates and aid in implementing best practices in organizations. By enabling safe and seamless digital interactions, services connected to certificate authority improve user experience.
The North America market dominated the Global Certificate Authority Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $139.8 million by 2030. The Europe market is poised to grow at a CAGR of 11% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 12% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/certificate-authority-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Sectigo Limited (GI Partners L.P.), DigiCert, Inc. (Clearlake Capital Group, L.P.), GMO GlobalSign Pte. Ltd (GMO Internet Group, Inc.), GoDaddy Inc., IdenTrust, Inc. (HID Global Corporation), Entrust Corporation, Certum (Asseco Data Systems S.A.), Actalis S.p.a (Aruba S.p.a.), WISeKey International Holding Ltd and Newfold Digital, Inc.
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