SSL Certification Market to Grow at a CAGR 22% SSL Certification Market 2020
SSL Certification Market to grow at an impressive CAGR of more
than 22% by 2020: Radiant Insights, Inc
Market outlook of the global SSL certification market
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
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Large enterprises
SMEs
Government organizations
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)
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.