Report: Global EV SSL to grow 50 percent by 2015
A new report estimates that the market for global extended validation (EV) certificates is expected to grow at a compounded annual growth rate of nearly 50 percent through 2015. Prepared by industry research firm, TechNavio, the report covers the Americas, the Europe-Middle East-Africa and Asian-Pacific regions' role in driving the global extended validation SSL certification market landscape and its prospects in the coming years.
A primary purpose for the development and use of EV is to add trust to online transactions by requiring website operators to undergo vetting with a certificate authority (CA) in order to get an SSL certificate. Through the combination of increased discretion of issuance by CAs and the requirement for participants to apply for regular validation, global EV has the potential to reestablish trust between users and website operators by offering a stronger and more reliable method of safeguarding data in a world where international business transaction are becoming the norm.
According to ResearchMoz, one of the key factors contributing to the market growth in global extended validation certificates is the increasing number of online transactions. The global EV market has also recently experienced growing interest from small and medium-sized businesses, a particularly noteworthy development considering that the initial cost of EVs were thought to be prohibitively expensive and a barrier to their widespread adoption. With that in mind, the rise in adoption of global extended validation SSL by independent business is particularly noteworthy due to the fact that it historically fell outside of smaller enterprises' price point.
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