The global certificate authority market size is expected to reach USD 338.16 million by 2030 according to a new study by Polaris Market Research. The report “Certificate Authority Market Share, Size, Trends, Industry Analysis Report, By Vertical (BFSI, Retail & eCommerce, Government & Defense, Healthcare & Life Sciences, IT & Telecom, Travel & Hospitality, Education, Others); By Certificate; By Services; By Organization Size; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
An increase in the cases of HTTPS phishing attacks during the pandemic and the rising number of cyberattacks have led to the increased demand for industry growth during the forecast period. Cybercriminals are taking advantage of the pandemic to launch HTTPS phishing assaults. They are capitalizing on individuals at a vulnerable time by using social engineering techniques to lure them into scamming websites advertising everything from remedies to fake news.
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In April 2020, SpyCloud checked approximately 136,000 fully qualified domain names with COVID-19 or coronavirus themes. It discovered that HTTP was utilized by 78.4 percent of the COVID-19-themed domains, while the remaining domains used HTTPS. Pandemic-related phishing attempts spiked by 33% in June 2021, following a break-in of COVID-19-themed threat efforts in the spring and early summer of 2021, when disease concerns momentarily subsided. The June surge coincided with the peak of Google searches for “Delta variation.”
Furthermore, Google Chrome accounts for approximately 46% of the overall internet explorer market share in the U.S. as of February 2021. According to Google, nearly 90% of page loads in Browser on most OS systems are HTTPS rather than HTTP. Beginning this year, Google’s Chrome internet browser will provide an additional setting for “HTTPS-Only Mode.”
The new feature would display as a simple toggle on the protection settings page, and when enabled, this would render HTTP websites inaccessible. Furthermore, Google wishes to eliminate the padlock icon favoring a downward-facing chevron/caret that enables a menu to establish site access and view other sure that the site. Thus, HTTPS phishing attacks have increased the demand for documents authorities, driving the industry growth during the forecast period.
Based on the component, the services segment accounted for the leading share in the industry in 2021. Because of the growing number of cybercrimes, enterprises are forced to implement cutting-edge document management solutions. As a result, enterprises across industries will be compelled to use certification authority systems and related services.
Market players such as Certum, Trustwave, Entrust, GlobalSign, Godaddy, Actalis, Harica, Identrust, Let’s Encrypt, Digicert, Inc., Netlock, Sectigo, SSL.Com, SwissSign, and Wisekey are some key players operating worldwide.
Polaris Market Research has segmented the certificate authority market report based on certificate, services, organization size, vertical, and region:
Certificate Authority, Certificate Outlook (Revenue – USD Million, 2018 – 2030)
- Secure Email
- Code Signing
Certificate Authority, Services Outlook (Revenue – USD Million, 2018 – 2030)
- Support Services
- Implementation and Integration Services
- Managed PKI Services
Certificate Authority, Organization Size Outlook (Revenue – USD Million, 2018 – 2030)
- Large Enterprises
Certificate Authority, Vertical Outlook (Revenue – USD Million, 2018 – 2030)
- Retail & eCommerce
- Government & Defense
- Healthcare & Life Sciences
- IT & Telecom
- Travel & Hospitality
Certificate Authority, Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa