Global extended validation SSL certification market to grow at 56.5 percent CAGR over 2010-2014

DUBLIN, IRELAND: Research and has announced the addition of the "Global Extended Validation SSL Certification Market 2010-2014" report to its offering.

One of the key factors contributing to this market growth is increasing adoption of internet transactions. The Global EV SSL Certification market has also been witnessing integration of consolidated security features. However, the relatively high price of EV SSL certificates could pose a challenge to the growth of this market.

Key vendors dominating this market space include VeriSign Authentication Services, Comodo Group Inc., and Go Daddy Group Inc.

Commenting on the report, an analyst from TechNavio's IT Security team said, Increasing competition between vendors is resulting in integration of malware scanning and other added security features in EV SSL certificates. Additional features such as malware scanning, accessibility evaluation, and security-auditing modules help end-users effectively secure their network. Since end-users are now demanding a consolidated solution, which can provide additional security features apart from SSL, vendors providing add-on security modules are experiencing stronger growth.

According to the report, the major driver for the Global EV SSL Certification market is the high growth in online transactions. The mushrooming of banks and PCI companies is driving end-users toward online transactions. Advantages such as quick transfer and fund transfer at low cost are driving end-users to adopt online transaction practices.

Further, the report also discusses key market challenges such as frequent emergence of new web browsers leading to compatibility issues.