LONDON–(BUSINESS WIRE)–The secure sockets layer (SSL) certification market is expected to grow by USD 2.55 billion during 2020-2024, expanding at a CAGR of over 16%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth according to the latest market research report by Technavio.
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Secure Sockets Layer (SSL) Certification Market: Increasing Awareness of end-users to drive growth
The rising number of data thefts and the expanding scope of online transactions have increased the demand for secured websites. Besides, there are many search engines such as Google flags websites, that are not secure or unencrypted. Encrypted sites will have HTTPS in the URL, which secures a layer over the usual HTTP web protocol and helps users distinguish between protected and unprotected sites. This has increased the awareness about encrypted and unencrypted sites among end-users, which has compelled organizations to use SSL certification in their websites to ensure secure data transactions. This is one of the key factors fueling the growth of the global secure sockets layer (SSL) certification market.
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As per Technavio, the growing number of online transactions will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Secure Sockets Layer (SSL) Certification Market: Growing Number of Online Transactions
Many offline retailers across the world are