Secure Sockets Layer Certification Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44989
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The secure sockets layer (SSL) certification market share is expected to increase by USD 5.13 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 21.30%.

This secure sockets layer certification market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers secure sockets layer certification market segmentation by product (domain validation, organizational validation, and extended validation) and geography (North America, Europe, APAC, South America, and MEA). The secure sockets layer certification market report also offers information on several market vendors, including Aruba Spa, Asseco Poland S.A., Comodo Security Solutions Inc., DigiCert Inc., Entrust Datacard Corp., GlobalSign Ltd., GoDaddy Inc., HID Global Corp., Internet Security Research Group, and NortonLifeLock Inc. among others.

What will the Secure Sockets Layer Certification Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Secure Sockets Layer Certification Market Size for the Forecast Period and Other Important Statistics

 

Secure Sockets Layer Certification Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The need to adhere to regulatory requirements is notably driving the SSL certification market growth, although factors such as the use of self-signed certificates may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the secure sockets layer certification industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Secure Sockets Layer Certification Market Driver

The rising focus on regulatory requirements is one of the major factors driving SSL certificate market growth. For instance, enterprises are required to adhere to payment card industry data security standard (PCI DSS) to ensure the protection of confidential cardholder data. PCI DSS is a standard that is applied to enterprises when they accept credit card payments. SSL certificates used in these enterprises also support their web browser. This, in turn, helps them to meet the PCI requirements while accepting credit cards on their site. 

Key Secure Sockets Layer Certification Market Trend

The increasing application of the Internet of Things (IoT) and cloud computing technology is driving the growth prospects for the SSL certification industry. The demand for secure socket layer certification is increasing due to growth in the web-based businesses in the banking financial services and insurance (BFSI) and e-commerce industries. The enterprises are compelled to adopt SSL certification due to the rising cases of cyber-attacks. The adoption of SSL certification among home enterprises is also gaining traction in the SSL certificate market.

Key Secure Sockets Layer Certification Market Challenge

The use of self-signed certificates will pose a challenge for the secure sockets layer certification market. Self-signed certificates are the type of SSL certificates that are usually signed by the same entity whose identity it certifies. These certificates are unregulated, so even if the website is compromised, it will appear to the end-user as secured. A self-signed certificate must be used while testing servers. Self-signed certificates are usually opted for by home users or SMEs. The use of self-signed certificates is likely to affect the revenue of the global SSL certificate market, and hence, it is challenging for CAs. 

This secure sockets layer certification market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Secure Sockets Layer Certification Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aruba Spa
  • Asseco Poland S.A.
  • Comodo Security Solutions Inc.
  • DigiCert Inc.
  • Entrust Datacard Corp.
  • GlobalSign Ltd.
  • GoDaddy Inc.
  • HID Global Corp.
  • Internet Security Research Group
  • NortonLifeLock Inc.

 

This statistical study of the secure sockets layer certification market encompasses successful business strategies deployed by the key vendors. The SSL certification market is fragmented and the vendors are deploying growth strategies such as increasing their market presence to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The secure sockets layer certification market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Secure Sockets Layer Certification Market?

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39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for secure sockets layer certification in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The increasing use of IoT and cloud computing technology coupled with flourishing web-based businesses in the BFSI and e-commerce industries will facilitate the secure sockets layer certification market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Secure Sockets Layer Certification Market?

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The secure sockets layer certification market share growth by the domain validation (DV) segment will be significant during the forecast period. DV is a cost-effective certificate among the three SSL certificates. It is a basic-level certification that is issued by means of simple encryption and validation of the organizations' domain names by ensuring that the domain is controlled by that organization.

This report provides an accurate prediction of the contribution of all the segments to the growth of the SSL certification market size and actionable market insights on post COVID-19 impact on each segment.

 

Secure Sockets Layer Certification Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 21.30%

Market growth 2021-2025

$ 5.13 billion

Market structure

Fragmented

YoY growth (%)

17.44

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 39%

Key consumer countries

US, UK, China, Canada, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aruba Spa, Asseco Poland S.A., Comodo Security Solutions Inc., DigiCert Inc., Entrust Datacard Corp., GlobalSign Ltd., GoDaddy Inc., HID Global Corp., Internet Security Research Group, and NortonLifeLock Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Secure Sockets Layer Certification Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive secure sockets layer certification market growth during the next five years
  • Precise estimation of the secure sockets layer certification market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the SSL certification industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of SSL certification market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Domain validation - Market size and forecast 2020-2025
    • Organizational validation - Market size and forecast 2020-2025
    • Extended validation - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Aruba Spa
      • Asseco Poland S.A.
      • Comodo Security Solutions Inc.
      • DigiCert Inc.
      • Entrust Datacard Corp.
      • GlobalSign Ltd.
      • GoDaddy Inc.
      • HID Global Corp.
      • Internet Security Research Group
      • NortonLifeLock Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The secure sockets layer (ssl) certification market growth will increase by $5132.68 million during 2020-2025.
      The secure sockets layer (ssl) certification market is expected to grow at a CAGR of 21.30% during 2020-2025.
      Technavio has segmented the secure sockets layer (ssl) certification market by product (Domain validation, Organizational validation, Extended validation, Domain validation, Organizational validation, Extended validation, South America, and MEA) and geographic (North America, Europe, APAC, South America, and MEA).
      Aruba Spa, Asseco Poland S.A., Comodo Security Solutions Inc., DigiCert Inc., Entrust Datacard Corp., GlobalSign Ltd., GoDaddy Inc., HID Global Corp., Internet Security Research Group, NortonLifeLock Inc. are a few of the key vendors in the secure sockets layer (ssl) certification market.
      North America will register the highest growth rate of 39.23% among the other regions. Therefore, the secure sockets layer (ssl) certification market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the secure sockets layer (ssl) certification market growth are:
      • Increasing awareness of end-users
      • Growing number of online transactions
      The secure sockets layer (ssl) certification market vendors should focus on grabbing business opportunities from the domain validation segment as it accounted for the largest market share in the base year.
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