The Global SSL certificate market size was valued at US$ 187 Mn in 2023 and is expected to reach US$ 413.5 Mn by 2030, grow at a compound annual growth rate (CAGR) of 12% from 2023 to 2030.
The SSL certificate market has emerged as a critical component in today's digital landscape, playing a pivotal role in ensuring online security and establishing trust between users and websites. SSL certificates are cryptographic protocols that encrypt data transmitted between a user's browser and a website's server, safeguarding sensitive information such as personal details, passwords, and payment data. With the escalating concerns surrounding cyber threats and data breaches, businesses and website owners are increasingly recognizing the necessity of SSL certificates to protect their online interactions and build credibility.
The SSL certificate market's growth trajectory is fueled by several factors. Firstly, the evolving regulatory landscape, including initiatives like GDPR, emphasizes data protection, propelling organizations to adopt SSL certificates to enhance their security posture and adhere to compliance requirements. Secondly, the growing preference for HTTPS (Hypertext Transfer Protocol Secure) connections by search engines like Google is a multinational technology company that specializes in internet-related services and products, including online advertising technologies, a search engine, cloud computing, software, and hardware, which prioritize secure websites in search rankings, drives the widespread adoption of SSL certificates. Additionally, heightened user awareness about online security instills trust in websites displaying SSL padlock icons, further encouraging businesses to invest in these certificates.
Global SSL Certificate Market Trends:
SSL Certificate Market Report Snapshots
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