SSL certificates help establish a secure connection between a web server and a browser. They encrypt all communication between a website and a user’s browser, allowing users to submit sensitive data such as credit card or login information with confidence that it will be kept private. With the growth of e-commerce and online transactions, SSL certificates have become essential for building a trusted relationship between businesses and online customers.
The global SSL Certificate Market is estimated to be valued at US$ 187 Mn in 2023 and is expected to exhibit a CAGR of 0.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the SSL certificate market is the rising demand for secure websites from organizations across all industry verticals. As cybercrime and security breaches continue to rise, website owners are increasingly focusing on deploying robust security protocols to protect sensitive data and maintain user trust. SSL certificates play a crucial role in data security by encrypting communications between a server and a user’s browser. They also improve a website’s search ranking and visibility by signaling that the site takes security seriously. With more businesses going digital in the post-pandemic era, demand for SSL certificates is expected to steadily rise over the forecast period as organizations prioritize cybersecurity and building reliable digital platforms. The growing awareness about the importance of website security amongst both businesses and individuals will continue fueling market expansion.
Segment Analysis
SSL Certificate Market Segment Analysis
The SSL Certificate Market is dominated by the DV SSL Certificates segment. DV SSL Certificates are the most basic and affordable SSL certificates. They provide basic HTTPS encryption and a secured browser padlock but do not include extensive validation of the certificate owner’s identity. Hence DV SSL Certificates are preferred for personal websites and non-sensitive business websites.
Key Takeaways
The global SSL Certificate market is expected to witness high growth. The global SSL Certificate Market is estimated to be valued at US$ 187 Mn in 2023 and is expected to exhibit a CAGR of 0.1% over the forecast period 2023 to 2030.
Regional analysis related content comprises North America currently dominates the SSL Certificate market with the largest market share. This is attributed to the high adoption of e-commerce activities and growing trend of online shopping in countries like US and Canada. Moreover, presence of major players and technological advancements in the region further augment the market growth.
Key players related content comprises Key players operating in the SSL Certificate market are DigiCert Inc., GlobalSign, Sectigo Limited, GoDaddy Inc., Entrust Datacard, Thawte, GeoTrust, Symantec (now part of DigiCert), RapidSSL, SSL.com, Network Solutions, Let’s Encrypt, IdenTrust, Trustwave Holdings, Buypass AS.
DigiCert Inc. is currently the dominant player in the SSL Certificate market. The company provides SSL certificates used by more than 90% of all Fortune 500 firms. It offers a wide range of SSL certificates for all types of requirements. GlobalSign and Sectigo Limited are other leading players focusing on growing their market shares through new product launches and business expansion strategies.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
