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TMCNet:  Research and Markets: The Global Extended Validation SSL Certification Market to Grow At A CAGR Of 49.99 Percent over the Period 2011-2015

[November 13, 2012]

Research and Markets: The Global Extended Validation SSL Certification Market to Grow At A CAGR Of 49.99 Percent over the Period 2011-2015

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/9mpkhh/global_extended) has announced the addition of the "Global Extended Validation SSL Certification Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the increasing number of online transactions. The Global Extended Validation SSL Certification market has also been witnessing the increasing adoption of extended validation (EV) SSL certificates among small and medium-sized businesses. However, the high cost and time consuming process of EV certificate validation could pose a challenge to the growth of this market.

The key vendors dominating this space are Comodo Group Inc., Go Daddy Group Inc., and Symantec Corp.

Other vendors mentioned in the report are AffirmTrust LLC., DigiCert Inc., Entrust (News - Alert) Inc.,Firstserver Inc., GMO GlobalSign Inc., KKR and Co., Network Solutions LLC., StartCom Ltd., and VASCO Data Security International Inc.

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Commenting on the report, an analyst from TechNavio's IT Security team said: ''The market is witnessing an increase in the number of security threats to company websites. Security threats such as data theft, identity theft, and phishing have been on the rise in recent years. Hence, despite the cost and time-consuming process of issuing extended-validated (EV) secure sockets layer (SSL) certificates, the adoption has increased among medium-sized and large companies. Further, the adoption of EV SSL certificates increased moderately between 2008 and 2011. However, to provide secure access to their customers, small and medium-sized enterprises have increased their adoption of low-cost EV SSL certificates.''

According to the report, one of the major drivers of the Global EV SSL Certification market is the increase in the number of online transactions in 2011, especially in the Banking, Financial Services, and Insurance (BFSI) sector and the Payment Card industry (PCI (News - Alert)). The ability to transfer funds easily online has been the major motivating factor for end-users. However, the subsequent rise in data theft has forced a number of these companies to adopt stronger security measures. As a result of this, organizations in the BFSI sector and the PCI are increasingly adopting EV SSL certificates to reassure their customers that their websites conform to the security norms. The important features that indicate that a website is EV SSL certified are the provision of a green address bar and the lock pad logo of the SSL certificate.

Further, the report reveals that the high cost and time required for EV SSL certificate validation is one of the major challenges confronting the market.

For more information visit http://www.researchandmarkets.com/research/9mpkhh/global_extended


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