TechNavio today launched its report, Global Extended Validation SSL Certification Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
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). 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-extended-validation-ssl-certific…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our IT Security market research, please visit https://www.technavio.com/security
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TechNavio Announces the Publication of its Research Report – Global Extended Validation SSL Certification Market 2011-2015
