New York, Aug. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Certificate Authorities Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)” – https://www .reportlinker.com/p06311680/?utm_source=GNW
A Certificate Authority (CA), also rarely referred to as a Certificate Authority, is a company or business that attempts to authenticate the identity of entities (such as email addresses, businesses, websites or natural persons) and to link them to cryptographic keys via the issuance of electronic documents recognized as digital certificates.
Rising internet user awareness for secure web access, growing need to build trust among the growing online customer base, and adherence to stringent compliances and regulations are the major factors expected to drive the growth of the market studied over the course of of the forecast period.
Certificate-based authentication uses a digital certificate to identify a user, machine, or device before granting access to a resource, network, and application. 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 cryptographically bind an entity to a public key. Web browsers use them to verify content delivered by web servers, thereby ensuring that content presented online is trustworthy.
The SSL certificate segment accounts for a major share of the Certificate Authority market owing to its integrity, non-repudiation, encryption, and authentication features. It is a fully automated, domain-validated type of verification that allows users to start defending their e-commerce, webmail, blog visitors, logins, and more. in a few minutes. This is one of the fastest and most affordable ways to enable SSL protection for website.
The healthcare industry vertical is expected to witness tremendous growth over the forecast period, driven by an increasing need to secure customer data and meet compliance requirements. Growing incidents of cyberattacks on Personally Identifiable Information (PII), Electronic Health Records (EHRs), and Protected Health Information (PHI) are major concerns for healthcare organizations.
Due to the COVID-19 pandemic, the market did not experience any negative impact. Most companies have been forced to move their staff to remote work within weeks or even days. The change ushered in a host of new safety hazards. In today’s environment, multi-factor authentication, such as PKI certificates and passwords, is the most effective way to apply flexible and scalable security to networks and their users.
Main market trends
The vertical healthcare industry is expected to grow at the highest rate during the forecast period
SSL encryption for healthcare apps and websites – The use of healthcare apps and the online delivery of medical prescriptions makes healthcare services more convenient, cheaper, transparent and vulnerable, which will create cyber theft. When installing SSL certificates, every piece of information (logins, passwords, credit card numbers, etc.) used in the application or website is encrypted (locked down) and the intended recipient cannot than unlock it.
Every medical website owner should ensure that the website has HTTPS. Choosing the right SSL certificate should also be a key factor in website SSL security for a medical website. It is recommended to have an EV SSL certificate, which offers the level of encryption required for medical websites as well as the highest validation.
The healthcare category is expected to present the highest growth opportunities in the future. In healthcare institutions such as clinics and hospitals, large amounts of sensitive and confidential data are stored, which makes the adoption of digital certificates necessary for a healthcare website. Investments in digitization have increased in the healthcare sector, which will create new growth opportunities for the certificate authority market in the future.
The healthcare industry is rapidly adopting advanced technologies to provide patients with an intuitive and personalized experience. The strategy of expanding partnerships, mergers and acquisitions in the healthcare vertical has increased the difficulty of protecting user passwords and other sensitive information.
Digital certificates help healthcare professionals secure personal health information on mobile devices such as computers and smartphones. Additionally, the growing number of cyberattacks against personally identifiable information (PII) is a significant concern for healthcare organizations.
North America will account for the largest share
North America is expected to hold the largest market size in the certificate authorities market by region during the forecast period. The major growth drivers for the North American market are the large presence of major certificate authorities and stringent data security regulations and compliance.
Due to growing online business, digital transformation and IoT trends, North America is expected to drive the certificate authorities market. Additionally, countries in the region, namely the United States and Canada, have updated or introduced new national cybersecurity policies that would drive the certificate authority market.
Since the launch of the Google Cloud Certificate Authority Service (CAS), Google has steadily grown its market share in the market studied. Additionally, in August 2021, three new members joined the CAS Partner Program, Keyfactor, Jetstack and Smallstep, alongside existing partners Venafi and AppViewx.
Growing Internet of Things (IoT) trends are expected to create vital growth opportunities for the certificate authority market in the region. Additionally, the growing number of data breaches and data thefts in the healthcare and medical sectors is also expected to drive the growth of the certificate authorities market in the region.
Healthcare cybersecurity crimes are on the rise in the United States and continue to be a top concern in the country, prompting companies to bring solutions to market.
In light of the Russian-Ukrainian conflict and a virtually endless cycle of threat campaigns and disclosures of vulnerabilities towards the country, the US State Department in April 2022 launched a new agency, the Office of Cyberspace and the Digital Policy (CDP), responsible for developing policies and direction for defending and protecting online privacy as the Biden administration seeks to integrate cybersecurity into U.S. foreign relations. These developments increase the demand for the implementation of security certificates in the region.
The certificate authority market is highly competitive and consists of several major players. The market is gaining competition globally. Nevertheless, the market shows a strong presence of key international players. These companies are leveraging strategic collaborative initiatives to increase market share and improve profitability. Most companies are actively involved in mergers and acquisitions, due to globalization.
February 2022 – DigiCert announced that it has acquired Mocana, an Internet of Things (IoT) cybersecurity provider. The combination provides IoT operators and manufacturers with a platform to manage security throughout the lifecycle of IoT devices. The acquisition strengthens DigiCert’s presence in the IoT market.
November 2021 – Sectigo has partnered with consulting firm DevSecOps to expand its professional services offerings to enterprise clients. This partnership will provide Sectigo customers with more DevOps services and consulting around public key infrastructure and encryption.
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