SSL

Growth Prospects of Global SSL Certification Market

October 31, 2014 | By Editor 

Summary

The IT Market Research Report covers the current framework and growth prospects of the Global SSL Certification market for 2014-2018. The market is poised to grow at a compound annual growth rate (CAGR) 0f 20.93 by the year 2018. The market size is calculated based on the revenue generated from the sales of various SSL certificates types. This report includes the revenue figures and annual shipment of SSL certificates issued from 2010 to 2018.

SSL Market

 About SSL Security

SSL is a security protocol used to secure communications between a web browser and a web server. It creates an encrypted bridge between a user and  a website allowing data transmission  without any loss.

SSL uses a cryptographic system that has a public key and a private key to encrypt information. SSL certificates are provided by a certificate authority (CA). Once a company is validated by the CA, an SSL certificate is installed on the company’s server.  Management tools are a key factor in differentiating CAs in today’s growing and competitive market.A cryptographic key is digitally incorporated into the company’s details by an SSL certificate. The  certificates help companies gain the trust of online customers for secure transactions.

Market analysis

Market analysis for vertical and regional markets, and for the different types of SSL certificates  is provided in this report. Further, it also includes the estimates of market share estimates assessment of the eminent CAs.Industry analysts predict the Global SSL Certification market to see a growthof 20.93 percent at CAGR between 2013-2018 time period.

Important Points from the Report

  • In 2011, following high-profile security breaches involving some CAs,  the CA/browser was convened to set baseline requirements for SSL certificates issuance.
  • Seven of the top eight CAs and six leading Web browsers actively participated in the forum .
  • The gathering is tightly knit working with high transparency. Unless something drastic happens, this dynamic is likely not to change for the next three years.
  • SSL certificates are an sophisticated technology. The global SSL certificates market grew substantially in 2013.
  • The advanced codified nature of SSL standards make competitive differentiation difficult, despite the creative differences among different CAs.
  • CAs could be differentiate by either  secure hash algorithm SHA-3 or  elliptic curve cryptography (ECC).
  • Most CAs employ either SHA-1 or SHA-2 cryptography.
  • Currently, CAs are in the process of transitioning their customers from SHA-1 to SHA-2.
  • Public key infrastructure (PKI) variations that are used in SSL certificate exchange are now used in smart card log-in, encrypted mail, and online identity.
  • In addition, encryption is used in verification of documents, code-signing, and other digital certificates.
  • With regards to SSL certificates unit shipments and revenues, retail remains the strongest and largest vertical.
  • Although the opportunities provided by The Internet of Things (IoT) are not restricted to SSL, it offers CAs with new streams of revenue.
  • SSL certificates market has a strong hold on the North American region. However, the report anticipates that rest of the world will see a faster growth in revenue.
  • For all its purposes and intents, the average selling price of an SSL certificate is likely to remain unchanged till 2018.
  • According to the report, the important SSL certificates are classified as Extended Validation (EV), Organization Validated (OV) , and Domain Validated (DV) SSL.
  • It also reports the service provider landscape and an in-depth analysis of the top five CAs in the market.
  • The report also discusses the influence of the major CAs on the growth of the  Global SSL Certification market.
  • Additionally, it outlines the challenges faced by the CAs and the SSL market, and the key trends emerging in today’s market.
  • The key regions mentioned in the report are Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC).
  • Likewise, the key CAs include Comodo Group, Go Daddy, Entrust, Symantec, and  GMO GlobalSign.
  • The other known vendors are RapidSSL, Digicert, TrustWave,  GeoTrust, Network Solutions, StartCom, Verizon, SecureTrust, and Namecheap.

SSL

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