Secure Socket Layer (SSL) Certification Market

Secure Socket Layer Certification Market to grow at a CAGR of 23.2%

The secure socket layer certification market is estimated to grow by CAGR of around 23.2% during the forecast period of 2021-2031.

Secure socket layer certification is a small data file which is installed on a web server. It helps to secure connection between web browser and the server. It enables enterprises to make data transfers, encrypt credit card transactions, host secure social media websites, and process logins. There are three types of certificates namely Organization Validation (OV) SSL certificates, Extended Validation (EV) SSL certificates, and Domain Validation (DV) SSL certificates.

According to analysis, secure socket layer certification market is set to witness higher growth during 2021-2031. The market will show higher growth in coming years, owing to factors such as increasing focus on regulatory requirements, increased online shopping, and payment transactions. Moreover, increasing use of self-signed certificates is expected to restrict the market growth.

What is Driving Demand for Secure Socket Layer Certification Market?

The factors such as increasing focus on regulatory requirements, increasing need for cyber security, cyber security or internet security, increased online shopping, and payment transactions fuels the demand for the secure socket layer certification.

Also internet penetration has been increased in recent years due to which internet banking, financial trading, e-commerce, and internet related activities has been increased. This is expected to fuel the demand for the secure socket layer certification.

The increasing number of online transactions is expected to propel the demand for the secure socket layer certification.

Growing Demand for the Advanced Technology Such As Internet of Things (IoT) AND Cloud Computing Technology Is Driving the Adoption of Secure Socket Layer Certification

The adoption of Internet of Things (IoT) applications and application of cloud computing technology has been increased over the years and this is expected to drive the demand for the secure socket layer certification. Also demand for the SSL certification is increasing owing to growth of e-commerce industries as well as increasing web-based businesses in Banking, Financial Services and Insurance (BFSI) industry.

The increasing awareness about encryption in end-users propels the demand for the secure socket layer certification. Secure Socket Layer (SSL) Certification helps to secure M2M connection for transaction & communication. Thus increasing awareness about online transaction, cloud computing, and automation augments the demand for the secure socket layer certification.

North America Secure Socket Layer Certification Market Outlook

North America is anticipated to constitute a highest growth in the secure socket layer certification market over the forecasted period. The North America shows significant growth in secure socket layer certification owing to factors such as high internet penetration, increasing use of advanced technology such as IoT and cloud computing in many industries such as IT, healthcare, media & entertainment, retail & e-commerce, and government.

Also, in recent years the number of cyber cyber-attacks has been increased in North America region. Therefore the demand for the SSL Certification is expected to show significant growth in North America region.

North America has presence of key secure socket layer certification providers such as Comodo Security Solutions, Inc., Entrust Corporation, IdenTrust Inc., and GoDaddy Operating Company, LLC. Presence of such key secure socket layer certification providers fuels the demand for the secure socket layer certification in North America region.

Europe Demand Outlook for Secure Socket Layer Certification Market

Europe is the second largest contributor in secure socket layer certification market, owing to factors such as increasing internet penetration in Europe region, presence of developed infrastructure for the advanced technologies such as cloud computing and IoT, increasing cyber threats due to increasing use of internet.

France, Germany, Italy, France, and U.K. are the dominating economies in Europe region. Europe region has presence of key secure socket layer certification vendors such as Asseco Data Systems S.A., ACTALIS S.p.A., and GlobalSign.

The stringent government rules and regulations about research & development of advanced technologies in major economies such as France, Germany, Italy, United Kingdom, and Spain has been one of the major driving factor for the growth of the secure socket layer certification in the region.

Who are the Major vendors of Secure Socket Layer Certification Market?

Some of the leading vendors and companies of secure socket layer certification market include

• Asseco Data Systems S.A.
• ACTALIS S.p.A.
• GlobalSign.
• Comodo Security Solutions Inc.
• Entrust Corporation
• IdenTrust Inc.
• GoDaddy Operating Company
• LLC. Secom Trust
• StartCom
• Symantec
• Let's Encrypt
• Network Solutions
• TWCA
• Trustwave
• T-Systems
• Others.

These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for secure socket layer certification market.

Furthermore, many companies are focusing on introducing new product to enhance their product offering.

For instance, In March 2020, Network Solutions announced new Certification authorities (CAs) implementing regulations which helps to protect the privacy of consumer data during online purchase transactions. The company offers Transport Layer Security (TLS) and Some Secure Sockets layer (SSL) certificate which helps to meet these changing data security standards.

Secure Socket Layer (SSL) Certification Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.