Market key trends:
One of the major trends contributing to the growth of SSL certificate market is the rising adoption of encryption standard technology. Transport Layer Security (TLS) version 1.3 is the latest and most secure version of TLS that provides secure communication over the internet. As compared to TLS versions 1.0–1.2, TLS 1.3 offers improvements in security, performance and flexibility. It aims to improve on earlier versions by reducinground-trips, preventing attacks and improving protections for random numbers. Growing awareness about benefits of TLS 1.3 standard is driving many websites and organizations to upgrade to this latest encryption protocol. This in turn is expected to fuel the demand for SSL certificates compatible with TLS 1.3 standard during the forecast period.
Key Takeaways
The global Global SSL Certificate Market Size is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing demand for secure data transmission and websites online across industries. North America dominated the market in 2022 due to stringent regulations and advanced IT infrastructure.
