Latest News- Secure Sockets Layer Certification Market: Domain validation is expected to lead the Type segment during 2024-2028
The Secure Sockets Layer Certification Market is being driven by Increasing awareness of end-users
The Secure Sockets Layer Certification Market is expected to grow at a CAGR of 27.17% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11898.3 million. In today's digital business landscape, the shift towards e-commerce and mobile wallets has become increasingly prevalent as users seek convenience and flexibility in their transactions. With this transition comes the necessity for securing sensitive customer data. Offline retailers moving online and mobile wallet providers must adhere to security regulations, making SSL certificates a mandatory requirement. SSL certificates ensure the encryption of personal and financial information, including names, contact numbers, and credit card details, during online transactions. The growing acceptance of e-commerce and mobile wallets is driving the demand for SSL certificates, thereby fueling the expansion of the global SSL certification market.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Domain validation, Organization validation, Extended validation) End-user (Large enterprises, SMEs) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Secure Sockets Layer Certification Market Research Report
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The SSL certificate market has gained significant importance in the current digital age, where military-grade security is no longer a luxury but a necessity. With the increasing number of cyber threats from criminals, cyber security has become a top priority for website owners, especially those dealing with sensitive information such as payment data, personal details, and banking information. Firewalls and WPA keys offer initial protection, but they are not enough to secure online transactions and communication over wireless networks. Certificate authorities issue SSL certificates, which are cryptographic protocols that enable secure communication between a web service host and a browser. These certificates authenticate the website's server and encrypt data transmitted between the two, ensuring that personal information, email addresses, passwords, and credit card numbers remain secure during online transactions. Cloud-based technologies have made SSL certificates more accessible and affordable, allowing small businesses and individuals to secure their websites with ease. The SSL certificate market is expected to grow significantly in the coming years, as cyber threats continue to evolve, and online transactions become the norm. In summary, SSL certificates are essential for protecting sensitive information from cyber threats, and website owners must prioritize their acquisition to maintain the trust and security of their customers.
The Secure Sockets Layer (SSL) Certification Market is a significant segment of the expansive global IT services industry. This market specifically caters to businesses providing SSL certificates, ensuring secure online transactions and communications. The parent market encompasses IT consulting and integration services, application services, data processing, business process outsourcing, infrastructure services, and Internet services. The global Internet services and infrastructure market, in particular, includes companies offering hosting, data center, cloud networking and storage infrastructure, IT security, and cloud computing services. According to Technavio, the market size is determined by the consolidated revenue generated by these entities engaged in providing SSL certification services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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