EV SSL Certification Market Report by Subscription Option (1 Year, 3 Year, 5 Year), Features (One Domain, Multi-Domain), Application (Small and Medium Enterprises, Large Enterprises, Government Organizations, and Others), and Region 2024-2032

EV SSL Certification Market Report by Subscription Option (1 Year, 3 Year, 5 Year), Features (One Domain, Multi-Domain), Application (Small and Medium Enterprises, Large Enterprises, Government Organizations, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A13012
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Market Overview:

The global EV SSL certification market size reached US$ 975.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,982.7 Million by 2032, exhibiting a growth rate (CAGR) of 22.32% during 2024-2032. The increasing incidences of cyber-attacks, stringent regulations and compliances, rapid growth of the e-commerce industry, consumer trust, increasing mobile commerce and online banking, and integration of IoT devices in businesses are some of the major factors propelling the market.

Report Attribute
Key Statistics                 
Base Year
Forecast Years
Historical Years
Market Size in 2023 US$ 975.9 Million
Market Forecast in 2032 US$ 5,982.7 Million
Market Growth Rate (2024-2032) 22.32%

Extended Validation (EV) SSL Certificates represent the highest level of authentication and security in SSL certificates, primarily used to secure websites and online transactions. The primary characteristic that sets EV SSL apart is its rigorous validation process, which requires businesses to undergo extensive vetting by the Certificate Authority (CA) to confirm their legal, operational, and physical existence. Features of an EV SSL Certificate include visible trust indicators, such as the padlock icon and the green address bar in the web browser, that signal a highly secure connection. These certificates employ strong encryption methods, ensuring that sensitive data like credit card numbers and personal information are securely transmitted. The result is heightened consumer trust, making EV SSL Certificates especially useful for e-commerce websites and financial institutions.

The EV SSL certification market is experiencing significant growth, reflecting the rising demand for secure and trustworthy online environments. These digital certificates, similar to their counterparts in network security, are essential in optimizing online transaction safety and data integrity. EV SSL certificates are particularly crucial in establishing a secure connection, confirming website authenticity, and protecting sensitive information. This market is witnessing advancements in encryption technologies and validation procedures, with a focus on robust yet user-friendly solutions contributing to elevated cybersecurity standards. Moreover, data privacy is a significant characteristic, ensuring a secure and confidential online experience for users. Migrating from basic SSL certificates to EV SSL is a trend akin to the shift from traditional security measures to advanced cybersecurity solutions, enhancing website credibility and consumer trust. In a parallel manner, regulatory requirements in online commerce and data protection, such as GDPR and PCI DSS, are driving the demand for comprehensive security measures like EV SSL certification. These factors combined are fueling the growth of the EV SSL certification market, establishing it as an essential segment in the broader cybersecurity industry.

EV SSL Certification Market Trends/Drivers:

Escalating Cybersecurity Threats

The ever-increasing cybersecurity threats, including phishing attacks, data breaches, and man-in-the-middle attacks, serve as a significant market driver for Extended Validation (EV) SSL Certification. These heightened risks have compelled businesses and organizations to seek robust security measures that offer an extra layer of protection for their online platforms. EV SSL certificates go beyond standard SSL certificates by requiring a thorough verification process to validate the legal, operational, and physical existence of the entity behind the website. This assures visitors that the website they are interacting with is genuine, reducing the likelihood of fraudulent activities. The upsurge in cybersecurity incidents makes EV SSL certificates invaluable to companies seeking to protect sensitive data and maintain customer trust. As cyber threats grow in both complexity and frequency, the demand for more secure forms of online authentication, like EV SSL certificates, will likely continue to rise.

Stringent Regulatory Requirements

Regulatory compliance serves as another important driver in the adoption of EV SSL certificates. Regulations such as the Payment Card Industry Data Security Standard (PCI DSS) and the General Data Protection Regulation (GDPR) necessitate high levels of security for online transactions and data protection. Non-compliance with these regulations could lead to severe legal and financial consequences. EV SSL certificates are often considered the standard for meeting these rigorous requirements, as they offer enhanced verification procedures and robust encryption technologies. The complexity of legal requirements surrounding online security makes EV SSL a go-to solution for organizations aiming to stay compliant while ensuring the utmost security for their online platforms.

Growing E-commerce and Online Transactions

The exponential growth in e-commerce and online transactions serves as a potent driver for the EV SSL certificate market. As consumers increasingly turn to online platforms for shopping, banking, and other financial activities, the demand for secure online environments has never been higher. EV SSL certificates are particularly popular among e-commerce platforms and financial institutions, as they offer visible indicators of security like the green address bar and padlock symbol, which have been shown to increase consumer trust and transaction completion rates. Companies recognize that consumer confidence is pivotal for the success of any online platform and are therefore more inclined to invest in the highest levels of security, including EV SSL certificates, to ensure that customer data is protected, and transactions are secure.

EV SSL Certification Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global EV SSL certification market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on subscription option, features, and application.

Breakup by Subscription Option:

  • 1 Year
  • 3 Year
  • 5 Year

The report has provided a detailed breakup and analysis of the market based on the subscription option. This includes 1 year, 3 year, and 5 year.

The one-year subscription segment is often the entry point for many businesses and organizations venturing into enhanced website security via EV SSL certificates. This short-term commitment offers a quick and relatively low-cost solution for immediate security needs. It is particularly favored by startups, small businesses, or projects with limited lifespans that may not be able to justify a long-term investment. However, the downside of this option is the need for annual renewal, which can disrupt continuity if not managed efficiently. This segment tends to fluctuate more in terms of subscription rates, given the ever-changing landscape of cybersecurity threats and regulations, making it a more dynamic but less stable segment of the market.

The three-year subscription option is often chosen by medium-sized enterprises or businesses that have already tested the waters and are looking for a more extended commitment. It strikes a balance between financial investment and long-term security, offering cost savings over annual renewals without locking businesses into a very long-term contract. This subscription option can provide a measure of stability, allowing for less frequent renewals and more consistent budgeting for security needs. As such, this segment tends to attract organizations that have experienced the benefits of EV SSL and wish to maintain high levels of online security over a longer period.

The five-year subscription is most common among large enterprises and institutions that have ongoing, extensive online operations requiring the highest levels of security. Given the long-term nature of the subscription, these organizations often benefit from substantial cost savings compared to annual or triennial options. A five-year commitment also allows these organizations to streamline their operational processes as it minimizes the administrative effort involved in frequent renewals. However, this option demands a considerable upfront investment and assumes that the current security needs will remain relatively constant over an extended period. This segment is thus suited for stable, established enterprises committed to long-term online security strategies.

Breakup by Features:

  • One Domain
  • Multi-Domain

The report has provided a detailed breakup and analysis of the market based on the features. This includes one domain and multi-domain.

The single domain segment of the EV SSL certification market is designed for businesses or organizations looking to secure only one domain or subdomain. This option is particularly well-suited for small to medium-sized businesses that operate a single website or online platform. The single domain EV SSL certificate ensures that the site's connection is secure, transactions are encrypted, and the website's ownership is verified through rigorous validation processes. Although limited in scope, these certificates offer a high level of security and are less complex to manage. They serve as a straightforward solution for companies that don't require multiple domains or subdomains to be secured under the same certificate. The single domain segment appeals to those prioritizing simplicity, ease of management, and cost-effectiveness.

The multi-domain segment, also known as Subject Alternative Names (SAN) SSL, offers the flexibility to secure multiple domains and subdomains under a single certificate. This feature is especially beneficial for larger enterprises or organizations with more complex online infrastructures, such as e-commerce platforms, financial institutions, or governmental agencies. Multi-domain EV SSL certificates streamline the management process by consolidating multiple certificates into one, making it easier to keep track of expiration dates and renewals. This centralization not only simplifies administrative tasks but also can offer cost savings over purchasing separate single-domain certificates. However, the multi-domain option generally involves a higher upfront investment and may require more rigorous validation processes. It is a compelling option for organizations that value scalability, flexibility, and the capability to secure diverse online assets with a unified approach.

Breakup by Application:

  • Small and Medium Enterprises
  • Large Enterprises
  • Government Organizations
  • Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes small and medium enterprises, large enterprises, government organizations, and others.

In the EV SSL certification market, Small and Medium Enterprises form a crucial segment that often prioritizes cost-effectiveness and ease of implementation. Given their limited resources compared to larger corporations, SMEs typically opt for single-domain or shorter-duration certificates that offer high security without the complexity of managing multiple domains or long-term commitments. As the digital landscape becomes increasingly complex, SMEs are recognizing the importance of robust online security measures to build customer trust and comply with regulations, driving growth in this segment. Often, they might be using EV SSL as part of a broader, more simplified security package tailored to their specific needs.

Large enterprises often have more complex needs due to the scale and variety of their online operations. These organizations are more likely to opt for multi-domain or extended-duration certificates to streamline management and benefit from cost efficiencies. Given their larger budgets and greater exposure to risks, large enterprises are willing to invest in robust security measures, often integrating EV SSL certificates as part of a comprehensive cybersecurity strategy. They find value in the centralized management and high-level security features offered by premium EV SSL options. As a result, large enterprises contribute significantly to the demand for advanced features and longer-term subscriptions in the EV SSL market.

Government organizations represent a distinct segment in the EV SSL market, characterized by specific needs for high-security, regulatory compliance, and public accountability. Given the sensitive nature of the information they handle, these organizations often opt for the highest level of security features available within EV SSL certificates. Additionally, governmental bodies have a strong emphasis on trust and integrity, making the rigorous validation process and visible trust indicators of EV SSL particularly appealing. These organizations usually prefer long-term subscription models for stability and are likely to utilize multi-domain certificates to secure various subdomains and departments. Their unique position as public entities amplifies the importance of robust online security, making them a vital segment of the EV SSL market.

Breakup by Region:

  • North America     
    • United States
    • Canada 
  • Europe     
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific     
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America     
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America exhibits a clear dominance, accounting for the largest EV SSL certification market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

In the Extended Validation Secure Socket Layer (EV SSL) certification market, North America serves as a critical segment owing to its advanced technological landscape, stringent cybersecurity regulations, and high consumer awareness about online security. Dominated primarily by the United States and Canada, the region often acts as a pacesetter in adopting enhanced encryption standards and protocols, including EV SSL certifications. The presence of global technology giants, financial institutions, and e-commerce platforms headquartered in North America contributes to the region's significant market share. Regulatory bodies like the Federal Trade Commission (FTC) and frameworks such as the California Consumer Privacy Act (CCPA) enforce rigorous data protection guidelines, incentivizing businesses to adopt robust security measures like EV SSL. Moreover, the region is home to leading cybersecurity firms offering EV SSL certifications, fostering innovation and competition. With a mature market and consumers increasingly conducting transactions online, the demand for high-grade security certifications, including EV SSL, remains strong in North America.

Competitive Landscape:

Extended Validation (EV) Secure Sockets Layer (SSL) certification market are involved in a range of activities to strengthen their market position. Companies are investing in technological innovation to provide robust and secure solutions. These firms are also focusing on partnerships and collaborations to expand their service offerings. For instance, they are working with web hosting companies and cloud service providers to integrate their SSL certificates more seamlessly. Customer education is another area of focus, as these companies seek to differentiate EV SSL certificates from other types through webinars, whitepapers, and digital campaigns. These initiatives aim to maintain high levels of security while facilitating ease of implementation and management for clients.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • DigiCert, Inc.
  • Entrust Corporation
  • GlobalSign
  • GoDaddy Inc.
  • Network Solutions, LLC (Web.com)
  • Sectigo Limited
  • Viking Cloud, Inc.

EV SSL Certification Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Subscription Option
  • Features
  • Application
  • Region 
Subscription Options Covered 1 Year, 3 Year, 5 Year
Features Covered One Domain, Multi-Domain
Applications Covered Small and Medium Enterprises, Large Enterprises, Government Organizations, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered  DigiCert, Inc., Entrust Corporation, GlobalSign, GoDaddy Inc., Network Solutions, LLC (Web.com), Sectigo Limited, Viking Cloud, Inc. etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global EV SSL certification market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global EV SSL certification market? 
  • What is the impact of each driver, restraint, and opportunity on the global EV SSL certification market?
  • What are the key regional markets?
  • Which countries represent the most attractive EV SSL certification market?
  • What is the breakup of the market based on the subscription option?      
  • Which is the most attractive subscription option in the EV SSL certification market?      
  • What is the breakup of the market based on the features?      
  • Which is the most attractive features in the EV SSL certification market?      
  • What is the breakup of the market based on the application?      
  • Which is the most attractive application in the EV SSL certification market?      
  • What is the competitive structure of the global EV SSL certification market?      
  • Who are the key players/companies in the global EV SSL certification market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the EV SSL certification market from 2018-2032. 
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global EV SSL certification market.  
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.  
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the EV SSL certification industry and its attractiveness. 
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

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EV SSL Certification Market Report by Subscription Option (1 Year, 3 Year, 5 Year), Features (One Domain, Multi-Domain), Application (Small and Medium Enterprises, Large Enterprises, Government Organizations, and Others), and Region 2024-2032
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