Frost Radar - Global Transport Layer Security Certificate Market, 2020
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Transport layer security (TLS) certificates enable businesses to encrypt communication between the consumer and the web server. They also provide a layer of reliability and trust in consumers with domain and identity validation. As a consequence, demand for TLS certificates is high. Still, market growth has been slow in the last 3 years owing to factors such as changes in the competitive landscape, regulatory guidelines, and market dynamics.
Frost & Sullivan predicts that vendor revenue will record double-digit growth rates in the next 5 years. Much of this will be driven by growth in the organization validated (OV) certificate segment and to some extent, by domain-validated (DV) certificates.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their growth, innovation, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.