The Certificate Authority revenues were estimated at US$ 130 Million in 2021 and is anticipated to grow at a CAGR of 11.9% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 450 Million.
Secure Sockets Layer encryption should be used on medical websites and apps as it boosts the accessibility, affordability, transparency, and cybercrime exposure of healthcare services. Following the installation of Secure Sockets Layer Certificates, all data used in the app or website is encrypted, and only the intended recipient can decrypt it.
A medical website’s owner must verify that it is Hypertext Transfer Protocol secure. Choosing the correct Secure Sockets Layer certificate should also be a top priority for a medical website’s Secure Sockets Layer website security. An EV Secure Sockets Layer certificate is recommended as it provides the highest degree of validation and encryption required for medical websites.
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Since hospitals and clinics keep huge amounts of private and sensitive data, healthcare websites must use digital certificates. The healthcare industry has increased its digitalization ambitions, which will aid in the future market expansion possibilities of certifying authority.
The healthcare industry is rapidly leveraging cutting-edge technology to provide patients with a personalized, user-friendly experience. The healthcare sector vertical’s expansion strategy of partnerships, mergers, and acquisitions has made it more difficult to protect user passwords and other sensitive information.
With the use of digital certificates, medical workers can protect patient health information on mobile devices such as laptops and smartphones. Furthermore, the rise in cyberattacks on personally identifiable information is raising worry among healthcare organizations.
Competitive Landscape
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Certificate Authority market are focused on their alliances, technology collaborations, and product launch strategies.
Some of the recent developments of key Certificate Authority providers are as follows:
- In November 2021, HashiCorp and GlobalSign announced their partnership. Through the Atlas Vault plug-in, HashiCorp Vault DevOps users will have access to GlobalSign’s Atlas Public Key Infrastructure. As a result, HashiCorp Vault customers will be able to request a range of certificates from the Atlas environment in a secure manner.
- In September 2021, Sectigo collaborated with Thomas Peer, a company that provides management consulting and information technology services in New Zealand and Australia. Sectigo’s top ANZ partner is based in Melbourne. As a result of this new partnership, Thomas Peer will offer Sectigo Certificate Manager a digital identity and automated certificate lifecycle management system, for its clients.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Certificate Authority Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Certificate Authority in terms of Component (Certificate Types (SSL Certificates, Code Signing Certificates, Secure Email Certificates, Authentication Certificates) Services) Organization Size (Large Enterprises, Small and Medium-Sized Enterprises) End-User Vertical (BFSI, Retail, Healthcare, IT and Telecom, Other) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Certificate Authority Market Segmentation
By Component:
- Certificate
- SSL Certificates
- Code Signing Certificates
- Secure Email Certificates
- Authentication Certificates
- Services
By Organization Size:
- Large Enterprises
- Small & Medium Enterprises
By End Use:
- BFSI
- Retail
- Healthcare
- IT and Telecom
- Other
By Region:
- North America
- Latin America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
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