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Certificate Lifecycle Management Software Global Market Expected to hit $8.78 Billion at a CAGR of 18.7% By 2028, Top Factors Leading The Industry Worldwide
Certificate Lifecycle Management Software Market
As per the report, the certificate lifecycle management software market size has grown rapidly in recent years. It will grow from $3.73 billion in 2023 to $4.42 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The certificate lifecycle management software market size is expected to see rapid growth in the next few years. It will grow to $8.78 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%.
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Cloud Computing Adoption Fueling Growth In The Certificate Lifecycle Management Software Market
Increasing adoption of cloud computing is expected to propel the growth of the certificate lifecycle management software market going forward. Cloud computing refers to services, applications, or resources that are delivered, accessed, and managed over the Internet, utilizing remote servers and computing infrastructure hosted by third-party providers. The growing utilization of cloud-based solutions is attributed to the services they provide, including scalability, accessibility, and security for businesses. Certificate lifecycle management software automates the deployment of digital certificates, ensuring efficient provisioning across various cloud environments as required. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of EU enterprises purchased cloud computing services, mostly to host their email systems and store electronic files. Purchases of cloud computing services by EU enterprises increased by 4.2% in 2023 compared to 2021. Therefore, the increasing adoption of cloud computing is driving the growth of the certificate lifecycle management software market.
Innovative Solutions In The Certificate Lifecycle Management Market
Major companies operating in the certificate lifecycle management software market are developing advanced technologies, such as automated certificate lifecycle management solutions, to gain a competitive edge in the market. An automated certificate lifecycle management solution is a comprehensive software platform or set of tools designed to streamline and automate the management of digital certificates within an organization. For instance, in October 2023, AppViewX, a US-based software company, launched AppViewX KUBE+, an automated certificate lifecycle management service for the Kubernetes environment that provides complete certificate visibility, end-to-end automation, and policy control, simplifying certificate lifecycle management to secure containerized workloads at scale while supporting DevOps speed and agility. It reduces application outages, service disruptions, and security and compliance issues by addressing the operational and security challenges of certificate management in complicated Kubernetes settings.
The certificate lifecycle management software market covered in this report is segmented -
1) By Certificate Type: Secure Sockets Layer (SSL) Or Transport Layer Security (TLS) Certificates, Code Signing Certificates, Email Certificates, Client Certificates
2) By Deployment Model: On-Premises, Cloud-Based
3) By Application: Large Enterprises, Small And Medium-Sized Enterprises
4) By Vertical Industry: Finance, Healthcare, Government, Information Technology (IT) and Telecom, Manufacturing
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Major companies operating in the certificate lifecycle management software market are Red Hat Inc., Micro Focus International plc, ManageEngine, Entrust Corporation, CyberArk Software Ltd., HashiCorp Inc., DigiCert Inc., Nexus AG, Trustwave Holdings Inc., GlobalSign Inc., AppViewX Inc., Venafi Inc., One Identity LLC, Censys Inc., Sectigo Limited, Futurex LP, Keyfactor LLC, PKWARE Inc., Ubisecure Oy, QuoVadis Limited, PrimeKey Solutions AB, Xolphin B.V., Versasec AB
Contents of the report:
1. Executive Summary
2. Certificate Lifecycle Management Software Market Report Structure
3. Certificate Lifecycle Management Software Market Trends And Strategies
4. Certificate Lifecycle Management Software Market - Macro Economic Scenario
5. Certificate Lifecycle Management Software Market Size And Growth
…..
27. Certificate Lifecycle Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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