NEW YORK, Dec. 29, 2015 /PRNewswire/ -- Technavios market research analyst predicts the global SSL certification market to grow at an impressive CAGR of more than 22% by 2020. The consumers growing preference for online banking and e-commerce is a significant factor that is expected to impel market growth during the forecast period.
The augmented need for privacy and security is the key driver for the growth of this market. Recently, it has been observed that many consumers prefer online transactions due to advantages like smooth fund management and easy fund transfers. This increase in online transactions is anticipated to foster the instances of data and identity theft, which in turn impels the need for data security during the forecast period.
End-user segmentation of the SSL certification market
In this market research, analysts have estimated the large enterprises segment to account for more than 39% of the total market share by 2020. The augmented need to maintain privacy and ensure customer satisfaction by offering advanced security is anticipated to bolster growth in this segment during the predicted period.
Market segmentation of the SSL certification industry by validation type
Organization validation (OV)
Domain validation (DV)
Extended validation (EV)
Technavio market research analysts estimate the OV SSL certification segment to be the largest market segment during the forecast period. The augmented need to increase data security and avoid data theft is a significant factor, which results in this segments high market share of more than 48% by 2020.
Competitive landscape and key vendors
The global SSL certification market is highly fragmented due to the presence of numerous small and large suppliers. The vendors in this market compete based on price, quality, innovation, service, reputation, distribution, and promotion to gain maximum market prominence during the forecast period.
The leading vendors in the market include -
Other prominent vendors in the market include Gandi, Namecheap, Network Solutions, Nexcess.Net, SSL.com, Starfield Technologies, StartCom, SwissSign, Trustwave, Verizon, Volusion, and ZNetLive.
Key questions answered in the report
What will the market size and the growth rate be in 2020
What are the key factors driving the global SSL certification market
What are the key market trends impacting the growth of the global SSL certification market
What are the challenges to market growth
Who are the key vendors in the global SSL certification market
What are the market opportunities and threats faced by the vendors in the global SSL certification market
Trending factors influencing the market shares of the Americas, APAC, and EMEA
What are the key outcomes of the five forces analysis of the global SSL certification market
Technavio also offers customization on reports based on specific client requirement.
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