Boom Predicted in Certificate Authority Market in Asia-Pacific in Coming Years The global certificate authority market generated a revenue of $81.7 million in 2019 and is predicted to reach a valuation of $285.7 million by 2030. Moreover, the market will advance at a CAGR of 12.3% between 2020 and 2030. The growing public awareness about protected web access, the increasing number of internet users, the soaring number of financial transactions that require authentication and secure connection, and the growing demand for building trust in customers are the major market growth drivers. With the expansion in the online customer pool, the demand for building customer trust is growing rapidly among businesses. Nowadays, customers have numerous options when it comes to choosing products and services from various brands. Due to the emergence of a ferociously competitive environment, the requirement for building customer loyalty and trust is rising rapidly among companies. Customer trust is dependent on various factors such as discounts, rewards, faster query resolution, and the availability of high-quality products and services. Apart from the aforementioned factors, the growing public awareness about secure web access is also positively impacting the progress of the certificate authority market across the world. Moreover, the rising penetration of the internet is fueling the incidence of cyber attacks and frauds. As per reports, the number of internet users across the world increased from nearly 4.3 billion in December 2018 to around 4.6 billion in December 2019. This accounted for nearly 58% of the global population. Because of the surge in the number of internet users and the growing prevalence of cyber-attacks, many countries around the world are organizing extensive public awareness campaigns and programs regarding cybersecurity. These initiatives are propelling the requirement for identity certificates or digital signatures, on account of the ability of these solutions to improve web security. This is, in turn, driving the advancement of the certificate authority market across the world. Depending on end user, the market is divided into banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, travel and hospitality, education, healthcare, government, and retail and consumer goods categories. Out of these, the healthcare category is predicted to exhibit the fastest growth in the market in the forthcoming years. This is because of the surging requirement for digital certificates in healthcare websites, on account of the fact that these websites store large amounts of private healthcare data. Globally, the certificate authority market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. This will be due to the rising adoption of the internet of things (IoT), due to the rapid construction of smart city infrastructure by governments, municipalities, and enterprises, and the surging customer pool in the regional countries. Therefore, it is safe to say that the market will demonstrate huge expansion all over the world in the forthcoming years, primarily because of the rising incidence of cyber-attacks and the growing requirement for secure web access. Read More: https://www.psmarketresearch.com/market-analysis/certificate-authority-market-outlook