Secure Socket Layer (SSL) Certification Market - Overview

Security socket layer (SSL) is a broadly used security protocol that most web servers use to ensure a secure machine to machine (M2M) connection for communication and transactions over an unsecured network such as the internet. Essentially, SSL is used when a web browser needs to be securely connected to a web server over the unsecured internet. Technically, SSL is a transparent protocol, which requires interaction with the end-users when establishing a secure session. To create a secure confidential communications pipe between two entities, SSL protocol uses digital certificates. SSL certificate is a small data file issued by one of the trusted Certificate Authorities (CAs) that digitally binds a cryptographic key to an organization’s corporate details.

Security includes message integrity, confidentiality and authentication. SSL achieves this through the use of digital signatures, cryptography, and certificates. SSL protects confidential information by using cryptography. It safeguards the communications channel and also helps in authenticating communicating parties. SSL can secure any connection between two points and block unauthorized access by anyone to any sensitive information.

Secure Socket Layer (SSL) Certification Market – Drivers & Restraints

SSL certification market growth is driven by a number of factors such as increased online shopping, payment transactions and rising focus on regulatory requirements. For instance, enterprises are mandated to adhere to payment card industry data security standard (PCI DSS) to certify the protection of confidential 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.

The increasing application of cloud computing technology and Internet of things (IoT) is driving the growth prospects for the SSL certification market. Demand for secure sockets layer certification is increasing due to growth in web-based businesses in BFSI and e-commerce industries. Enterprises are obligated to adopt SSL certification due to the rising concerns of cyber-attacks. The SSL certification market is gaining traction as the awareness among end-users about encryption is increasing. Google is supporting the growth of the market by flagging websites which are not secure.

However, the use of self-signed certificates is a major factor pulling back the growth of the secure sockets layer certification market. Self-signed certificates are certificates that are usually signed by the same entity whose identity it certifies.

Secure Socket Layer (SSL) Certification Market – Drivers & Restraints

The global secure sockets layer certification market can be segmented based on type, services, verticals, and enterprise size. Depending on types of SSL certificates, the market can be segmented into three major categories: domain validated (DV) SSL, organization validated (OV) SSL, and extended validation (EV). Based on verticals, the market is fragmented into BFSI, telecom & IT, media & entertainment, retail & e-commerce, utilities, healthcare, government, and education. Based on enterprise size, the market for secure socket layer certification can be segmented into SMEs and large enterprises.  Demand for OV SSL and DV SSL certifications from SMEs is comparatively high as these certifications are ideal for small companies that have budget constraints.

The secure sockets layer certification market is segmented in terms of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to contribute the major share to the market during the forecast period. This can be attributed to growing adoption of connected solutions such as IoT and cloud computing among verticals such as IT, media, and BFSI and the presence of strong domestic solution providers in the region. Asia Pacific is expected to be the fastest growing market. Growth of the market in Asia Pacific is attributed to increasing awareness among different businesses in order to streamline and manage their security.

Secure Socket Layer (SSL) Certification Market – Key Players

Some of the major players active in the development of secure sockets layer certification include ACTALIS, Certum, Comodo, DigiCert, Entrust Datacard, GlobalSign, GoDaddy, IdenTrust, Let's Encrypt, Network Solutions, Secom Trust, StartCom, Symantec, T-Systems, Trustwave, and TWCA.

The report offers a comprehensive evaluation of the secure sockets layer certification market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

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  • Supply and demand
  • Market size
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  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
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  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

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3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Secure Socket Layer Certification Market

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