Global Public Key Infrastructure Market to Grow at a CAGR of 14.7% During 2024-2032, Driven by the Growing Use of Public Key Infrastructure in Industries Such as Banking, E-Commerce, and Healthcare and an Increase In Cyber Fraud Cases

Due to the presence of leading global technology companies such as Google, Inc., Microsoft Corporation, and IBM Corporation, among others, North America accounts for a significant portion of the market. Rapid digitisation across several industry verticals and the incorporation of technologies in businesses aid the public key infrastructure market growth.

The scarcity of onsite workers and employees prompts several businesses to rely on virtual workplaces, powered by programmes like Microsoft Teams and Zoom. The rising risk of cyberattacks amid the increasing reliance of businesses and individuals on online environments is expected to positively impact the market. The increasing cyberattacks and consumer demand for strengthening data privacy drive the market growth of public key infrastructure.

Continuous development supports the growth. In August 2023, Verisign Inc. (NASDAQ: VRSN) announced the implementation of a significant technological update to strengthen the security, stability, and resilience of the world's internet infrastructure by protecting top-level domains (TLDs). The update will support many TLDs controlled by Verisign with increased security, paving the path for wider adoption and the next generation of DNS security measures.

Data authentication security for DNS answers is provided via DNSSEC. It accomplishes this by making sure that any changed data may be identified and prevented, protecting DNS data integrity in the process. Furthermore, a chain of trust that keeps users from getting lost and gives them confidence that they have reached their desired internet location securely, positively influencing the market.

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Market Analysis by Component, Deployment Mode, Organisation Size, Application and Region:

• The market, on the basis of component, can be divided into solution and services.

• Based on deployment mode, the market can be divided into on-premises and cloud.

• Based on organisation size, the market can be divided into large enterprises and small and medium-sized enterprises.

• The various applications of public key infrastructure include banking, financial services, and insurance, government and defense, telecom and IT, healthcare and life sciences, retail and ecommerce, manufacturing and automotive, and education, among others.

• The major regional markets for public key infrastructure include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The demand for the digital authentication process to safeguard enterprise infrastructure has grown as a result of the increasing digitisation in numerous industries. The growing use of public-key encryption systems is being aided by the growing need to reduce the expense of the authentication process in a number of industries, including e-commerce, banking, and healthcare.

• The implementation of stringent data protection rules such as GDPR (General Data Protection Regulation) in Europe and several industry-specific standards drives the public key infrastructure market expansion.

• Continuous innovations in blockchain technology, cloud computing, and the collaboration of cross-industry verticals are surging the need for end-to-end data encryption and secured communication, aiding the market.

• The market is expanding due to the growing incidences of cyber fraud cases and rising focus on security.

Key Offerings of the Report:

• The EMR report gives an overview of the global public key infrastructure market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the components, deployment modes, organisation sizes, applications, and major regions of public key infrastructure.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global public key infrastructure market are ComodoSSLstore (Rapid Web Services, LLC), Technology Nexus Secured Business Solutions AB, Verisign Inc., Entrust Corporation, DigiCert Inc., Futurex LP, Thales SA, GMO GlobalSign Inc., WISeKey, SA, SSL Corp., and ACTALIS S.p.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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