Final answer:
HTTP stands for Hypertext Transfer Protocol and is the communication protocol for transferring data over the web, created by Tim Berners-Lee as one of the foundational technologies of the World Wide Web.
Step-by-step explanation:
The web component HTTP stands for Hypertext Transfer Protocol, and it is the protocol used for transferring data over the World Wide Web. Tim Berners-Lee, who created HTTP, established it as a foundational technology that facilitates communication between web servers and clients. HTTP does not directly offer structured markup for web content, query languages for databases, or inherent security features for servers. These aspects are handled by other technologies such as HTML for markup, SQL for database queries, and protocols like HTTPS for security.