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Secure Sockets Layer Certification Market size is set to grow by USD 11.89 billion from 2024-2028, Increasing awareness of end-users boost the market, Technavio

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NEW YORK, Aug. 12, 2024 /PRNewswire/ — The global secure sockets layer certification market size is estimated to grow by USD 11.89 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 27.17% during the forecast period. Increasing awareness of end-users is driving market growth, with a trend towards growing number of online transactions. However, use of self-signed certificates poses a challenge. Key market players include Alibaba Group Holding Ltd., AlphaSSL, Aruba Spa, ASSA ABLOY AB, Asseco Poland SA, Comodo Security Solutions Inc., DigiCert Inc., Entrust Corp., GlobalSign Ltd., GoDaddy Inc., Internet Security Research Group, Secom Co. Ltd., Sectigo Ltd., Singapore Telecommunications Ltd., SSL.com, Stack Holdings GmbH, SwissSign AG, Taiwan CA Inc., Tencent Holdings Ltd., and Web.com Group Inc.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Secure Sockets Layer Certification Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 27.17%

Market growth 2024-2028

USD 11898.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.99

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, UK, China, Canada, and Germany

Key companies profiled

Alibaba Group Holding Ltd., AlphaSSL, Aruba Spa, ASSA ABLOY AB, Asseco Poland SA, Comodo Security Solutions Inc., DigiCert Inc., Entrust Corp., GlobalSign Ltd., GoDaddy Inc., Internet Security Research Group, Secom Co. Ltd., Sectigo Ltd., Singapore Telecommunications Ltd., SSL.com, Stack Holdings GmbH, SwissSign AG, Taiwan CA Inc., Tencent Holdings Ltd., and Web.com Group Inc.

Market Driver

The shift towards e-commerce and mobile wallets for transactions has made data security a top priority. To secure customer confidential information, such as names, contact numbers, and credit card details, e-commerce platforms and mobile wallet providers must use SSL certificates. The global SSL certification market is poised for growth due to this increasing demand. EV SSL certificates, which secure sensitive information from hackers, are particularly important for mobile wallet vendors and e-commerce sites. The convenience of e-commerce and mobile wallets, along with the need for secure transactions, will fuel the growth of the SSL certification market during the forecast period. 

The Secure Sockets Layer (SSL) certification market is experiencing significant growth due to increasing emphasis on confidence and security in various sectors. Healthcare, telemedicine, public services, and IT & Telecom are major industries adopting SSL certificates for secure web services and telecommunications. Automated certificate management and the availability of free SSL certificates from entities like Let’s Encrypt simplify implementation. However, certificate management burden and cost considerations remain challenges. SSL certificates are crucial for web service hosts, protecting data transmitted over the internet, wired networks, and wireless networks. Certificate authorities issue these digital certificates, ensuring secure connections using SSL protocol.

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Market Challenges

Self-signed SSL certificates are digital certificates that are signed by the same entity whose identity they validate. While these certificates are convenient for individual users and Small and Medium Enterprises (SMEs) during server testing, they are not widely accepted by browsers due to security concerns. As a result, users encounter error messages when visiting self-signed certificate-verified websites. These unregulated certificates pose a risk, as compromised websites will still appear secure to end-users. This trend may negatively impact the revenue of the SSL certificate market, as organizations may opt to bypass certificate purchases by using third-party transaction processors like PayPal. The use of self-signed certificates is expected to pose a challenge for Certificate Authorities (CAs) during the forecast period.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This secure sockets layer certification market report extensively covers market segmentation by 

Type 1.1 Domain validation1.2 Organization validation1.3 Extended validationEnd-user 2.1 Large enterprises2.2 SMEsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Domain validation- The Secure Sockets Layer (SSL) certification market is growing due to the increasing need for secure online transactions and data protection. SSL certificates authenticate websites and encrypt data, ensuring confidentiality and integrity. Businesses in various industries, particularly e-commerce and finance, invest in SSL certificates to safeguard customer information and comply with regulatory requirements. The SSL certification market is expected to expand as more businesses move their operations online and prioritize cybersecurity.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Communication Platform-as-a-Service (CPaaS) market is experiencing rapid growth due to increasing demand for integrated communication solutions across industries. CPaaS enables businesses to embed real-time communication features such as voice, video, and messaging into their applications via APIs. Key drivers include the rise of remote work, digital transformation initiatives, and the need for enhanced customer engagement. With major players like Twilio, Vonage, and Sinch leading the market, CPaaS is projected to witness significant expansion, driven by advancements in AI and cloud technology.

Research Analysis

The SSL certificate market plays a crucial role in securing online transactions and protecting sensitive information on the web. Browsers rely on SSL certificates to establish secure connections and encrypt data exchanged between users and website servers. This includes personal information such as credit card numbers, banking information, passwords, email addresses, and other sensitive details. With the increasing use of cloud-based technologies, SSL certificates have become essential for securing data transmitted over wireless networks.

Market Research Overview

The Secure Sockets Layer (SSL) certification market is a critical component of the digital ecosystem, ensuring secure online transactions and data protection for web servers and browsers. SSL certificates safeguard sensitive information such as personal details, credit card numbers, banking information, passwords, email addresses, and other confidential data during online interactions. With the increasing use of cloud-based technologies, mobile app usage, and mobile-friendly websites, SSL certificates have become essential for cloud computing and data security. Government agencies, website owners, and organizations in various sectors including healthcare, telemedicine, public services, e-commerce, online banking, and SMEs, rely on SSL certificates to meet compliance requirements under GDPR and other regulations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeDomain ValidationOrganization ValidationExtended ValidationEnd-userLarge EnterprisesSMEsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cat® Simulators New Hydraulic Mining Shovel System Builds Operator Skills for Mine Sites

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Simformotion™ LLC, a leader in heavy equipment simulator training solutions, announces the release of the new Cat® Simulators Hydraulic Mining Shovel System.

PEORIA, Ill., Sept. 23, 2024 /PRNewswire-PRWeb/ — Simformotion™ LLC – a leader in heavy equipment simulator training solutions – announces the release of the new Cat® Simulators Hydraulic Mining Shovel System. Operator trainees can utilize the system inside a classroom or at satellite mine locations.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites,” says CEO Lara Aaron.

The hands-on training system is set in a mining environment and teaches learners how to operate the Hydraulic Mining Shovel, including inspecting the machine, spotting and properly loading trucks, and more. Correct, efficient operation increases safety, production and cost savings. Simulation is a safe alternative to using actual machines for heavy equipment operator training. Students and operators can train anytime and anywhere using simulators — no need to take a costly machine out of production, worry about the weather or, most importantly, worry about the operator’s safety.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites. We often hear of the struggles to find skilled operators. Cat Simulators systems help companies build their own workforce,” says CEO Lara Aaron.

The Cat Simulators Hydraulic Mining Shovel system is available in multiple languages and includes SimU Campus™, a built-in reporting software that records and generates reports of learners’ simulation sessions and compares their performance to Caterpillar benchmarks. The system features authentic Cat controls, a motion system, exclusive walkaround machine inspection training, and a companion SimScholars™ curriculum, making the training package a unique offering.

The companion SimScholars online curriculum is a one-to-one match with the simulator model and can be used in the classroom or for remote learning. It is an interactive, turn-key solution complete with instructor guides, videos, quizzes and more. Integrate the Cat Simulators Hydraulic Mining Shovel system and its curriculum together for a unique, blended learning experience.

For even more training value and for a more immersive experience, add VR Edition. With the VR headset and patented VR Now technology, users experience a larger view of the virtual environment with greater depth perception. The simulator is portable and easy to move from a training room to a trailer to satellite locations.

About Simformotion™ LLC

©Copyright 2024 Simformotion™ LLC is a leader in heavy equipment simulator training solutions. Simulation can help address initiatives such as safety and production; while ensuring training can be delivered anytime day or night, regardless of weather conditions. Cat Simulators are chosen as training solutions in such markets as mining, construction, forestry, government, and trade and vocational schools. Simformotion™ LLC is a licensee of Caterpillar Inc. As used herein, “Simformotion” means Simformotion™ LLC, a Delaware limited liability company.

About Caterpillar Inc.

About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow,” and the “Power Edge” and “Modern Hex” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission. www.cat.com / www.caterpillar.com Third party trademarks are the property of their respective owners.

Media Contact
Kim Roberts, Simformotion, 1 3096703200, kroberts@simformotion.com, https://simformotion.com/

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GR0 CEO Kevin Miller Snags C-Suite Insiders CEO of the Year Award for Brand Optimization

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GR0 Co-Founder and CEO Kevin Miller Honored for Excellence in Leadership, Innovation, and Industry Impact

LOS ANGELES, Sept. 23, 2024 /PRNewswire-PRWeb/ — Kevin Miller, Co-Founder and CEO of GR0, was awarded CEO of the Year for brand optimization from the prestigious C-Suite Leadership Awards Program. This recognition underscores Miller’s outstanding leadership, innovation, and transformative impact in the digital marketing industry.

Recognized for celebrating excellence in senior executives, the C-Suite Leadership Awards Program highlights remarkable achievements in business. Emphasizing the importance of exceptional leadership, innovation, and industry impact, the program honors high-performing executives who inspire success while shaping the future of their companies.

As Co-Founder and CEO of GR0, Kevin Miller has propelled his company to the forefront of the digital marketing industry. Leveraging extensive expertise from roles at Google and Open Listings, Miller has spearheaded notable successes for GR0, including accolades such as a Platinum dotCOMM award in 2024 and a Best SEO Company award from Clutch in 2021.

Assisting both D2C and B2B clients, GR0 is known for delivering measurable growth and impactful results as a trusted agency for businesses seeking transformative omnichannel digital marketing solutions.

Miller’s dedication to his team and commitment to fostering an exemplary working environment have not gone unnoticed. He was recognized with a Best CEO Award from Glassdoor and was instrumental in GR0 being named a Best Company for Women by Great Place to Work in 2024. These achievements underscore Miller’s holistic approach to leadership, focusing on business success and employee well-being.

For further details on Miller’s remarkable achievements and to explore GR0’s transformative digital marketing strategies, visit GR0’s website.

About GR0: A leading omnichannel digital marketing agency based in Los Angeles, GR0 delivers exceptional growth and impactful results for a diverse clientele. With a record of innovation and recognition in digital marketing, GR0 sets benchmarks and drives success stories for businesses worldwide.

Media Contact

GR0 Agency, GR0, +1 (310) 439-1887, performancepr@gr0.com, gr0.com 

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First Pacific Bank expands its instant payments offerings with Finastra, driving growth

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With Finastra Payments To Go, the bank enhances its payments infrastructure and unlocks new opportunities 

LAKE MARY, Fla., Sept. 23, 2024 /PRNewswire/ — Finastra today announced that First Pacific Bank, a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth. 

As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.

“Our selection of Payments To Go was driven by the need for a robust instant payments platform that supports our growth and innovation plans, particularly as we expand our commercial business,” said Sharokin Badal, SVP, Director of Deposit and Treasury Services at First Pacific Bank. “With Finastra, our customers will benefit from additional payment offerings, enabling better cash flow and financial management. The modernity and scalability of Payments To Go, along with its seamless integration with our existing vendors, make it the ideal solution.”

Deployed on Microsoft Azure cloud, Payments To Go provides the bank with the agility needed to offer new and innovative payments rails, including FedNow Service. As one of the first software providers in the industry to complete certification for the FedNow Service and ISO 20022 compliance, Finastra is well-positioned to provide financial institutions with the ability to deliver instant payment services around the clock, with more than 200 customers across the US able to launch FedNow Service through its solutions.

“Our payments as a service solution provides First Pacific Bank with a modern infrastructure that enables scalability and an enhanced customer experience,” said Radha Suvarna, Chief Product Officer, Payments at Finastra. “We’re pleased that the bank selected us to not just prepare them for regulatory and compliance requirements, but to support the team as they meet the moment to unlock new opportunities in payments innovation.”

“Readiness for both ISO 20022 messaging standards for Fedwire and the FedNow Service are critically important for community-based financial institutions to stay competitive and compliant as the instant payments space continues to evolve,” said Erika Baumann, Director Commercial Banking and Payments at Datos Insights. “By aligning with global standards and embracing new payment rails, community banks are well positioned to improve their offerings.”

To learn more about Payments To Go, visit Finastra at Sibos 2024 on stand G30.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

About First Pacific Bank
First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTC Pink: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout Southern California. With a history that spans 17 years, the Bank offers a personalized approach, access to decision makers, a broad range of solutions, and a commitment to delivering an exceptional customer experience. First Pacific Bank operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.

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