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Public Key Infrastructure Market

Global Public Key Infrastructure Market Size, Share, Trends: By Component: Solution, Services; By Deployment Mode: On-Premises, Cloud; By Organization Size: Large Enterprises, Small and Medium Sized Enterprises; By Application: Banking, Financial Services, and Insurance, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Public Key Infrastructure Market Outlook

The global public key infrastructure market size was valued at USD 5.16 billion in 2023. The market is further projected to grow at a CAGR of 14.7% between 2024 and 2032, reaching a value of USD 17.80 billion by 2032.

 

Key Takeaways

  • In Q4 of 2022, Amazon AWS accounted for 32% of cloud spending.
  • The cloud infrastructure services generate USD 178 billion in revenue annually.
  • A hybrid cloud strategy was chosen by 71% of businesses in 2023.
  • In 2023, there were 9,000 data centers globally, where the United States has the highest number of data centers, with over 5,300.
  • With an area of more than 10 million square feet, China Telecom-Inner Mongolia Information Park is the biggest data centre in the world.

 

Public key infrastructure (PKI) is a system of protocols, standards, and technologies that enable authentication, encryption, digital signatures, and non-repudiation of online transactions and data stored over the internet. The system consists of two types of keys: public and private. A private key is kept confidential by the key owner, while a public key is shared with anybody wishing to communicate with them. PKI issues and verifies digital certificates that connect public keys to their owners' identities through a reliable third party known as a certificate authority (CA).

 

The system is widely used for various applications, such as email encryption, digital signatures, e-commerce, online banking, VPN, IoT, and cloud services. The increasing demand for online security and privacy, especially in sectors such as banking, e-commerce, healthcare, and government is driving the public key infrastructure market growth. Moreover, the rising adoption of Internet of Things (IoT) devices, cloud-based services, and mobile applications that require secure and scalable PKI solutions is creating a heightened demand for public key infrastructure systems.

 

Global Public Key Infrastructure Market

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Key Trends and Developments

Rising adoption of cloud-based and IoT-based solutions, regulatory compliance and standards, and advent of AI, ML, and blockchain technologies are propelling the public key infrastructure market

 

Date Company Event
February 2024 Thales SA Plans to attend the Mobile World Congress in Barcelona, showcasing advancements in digital safety and connectivity by Thales Digital Identity and Security
February 2024 ACTALIS S.p.A., Tucows Domains Joined forces to promote SSL certificates outside of Europe, allowing SSL to be sold outside of European borders through OpenSRS
October 2023 DigiCert Inc. Announced a thorough discovery of cryptographic assets to support the growing demand for crypto agility among corporations
May 2023 Vaultree Introduced Data-In-Use Encryption for the healthcare sector, preserving operational performance and efficiency while offering comprehensive protection of vital patient data

 

 

Trends Impact
Cloud-based PKI solutions Cloud-based PKI solutions offer more scalability, flexibility, and cost-effectiveness than traditional on-premises solutions, aiding the public key infrastructure market growth. They also enable faster and easier deployment and integration with other cloud services and applications. Cloud-based PKI solutions are expected to witness a higher growth rate, as more organisations migrate to the cloud and leverage its benefits.
IoT and edge computing IoT and edge computing are creating new opportunities for public key infrastructure market, as they generate a massive amount of data and devices that need to be securely connected and managed. This creates new opportunities for PKI companies to develop solutions that can handle the complexity and scale of IoT and edge computing environments.
Advent of artificial intelligence (AI) and machine learning (ML) AI and ML are enhancing the capabilities and performance of PKI, as they enable automation, optimisation, and intelligence in the PKI processes and operations. For example, AI and ML can help automate the issuance, renewal, and revocation of certificates, optimise the key management and distribution, and detect and prevent anomalies and attacks.
Emerging blockchain and distributed ledger technologies Blockchain and distributed ledger technology are emerging as potential alternatives or complements to PKI, as they offer a decentralised and transparent way of storing data and transactions. Blockchain and DLT can enhance the security and efficiency of PKI, as they can reduce the risk of single point of failure, improve the auditability and traceability of the records, and enable cross-chain and cross-domain communication.

 

Global Public Key Infrastructure Market Trends

Public key infrastructure is a vital and evolving component of the digital economy, as it enables secure and trusted communication and transactions over the internet. The PKI market is experiencing significant growth and transformation, as it is influenced by various trends, such as the increasing demand for enhanced cybersecurity and the rising adoption of cloud-based services and IoT devices.

 

Moreover, the emergence of new use cases and business models, advent of AI, ML, and blockchain technologies, and regulatory compliance and standards have resulted in public key infrastructure market expansion. The PKI market value is being affected because of regulatory compliance and standards, which are influencing the adoption and implementation of PKI, as they set the rules and guidelines for ensuring the security, privacy, and quality of the data and services.

 

Regulatory compliance and standards can also create opportunities and challenges for PKI providers, as they can increase the demand of PKI, as well as impose more restrictions on PKI. Some of the key regulations and standards that affect public key infrastructure market development include Electronic Identification and Trust Services Regulation (eIDAS), International Organisation for Standardisation (ISO), General Data Protection Regulation (GDPR), National Institute of Standards and Technology (NIST), and Certification Authority (CA).

 

Global Public Key Infrastructure Market

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Market Segmentation

Global Public Key Infrastructure Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Component Solution, Services
Deployment Mode On-Premises, Cloud
Organization Size Large Enterprises, Small and Medium-Sized Enterprises
Application Banking, Financial Services, and Insurance, Government and Defence, Telecom and IT, Healthcare and Life Sciences, Retail and E-commerce, Manufacturing and Automotive, Education, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Large enterprises are extensively utilising PKI solutions to protect large volumes of confidential data

Large enterprises accounted for the largest public key infrastructure market share due to high demand for PKI solutions as they deal with large volumes of sensitive and confidential data, such as customer information, financial transactions, and intellectual property. Large enterprises also face cyberattacks frequently, which require advanced and reliable PKI systems to protect their data and networks. Moreover, large enterprises have more resources and capabilities to invest in and implement PKI solutions, such as dedicated IT teams, infrastructure, and budgets. Some of the key vendors that offer PKI solutions for large enterprises are DigiCert Inc., Thales SA, and Verisign Inc.

 

SMEs accounted for the fastest-growing segment of the public key infrastructure market. SMEs have a growing demand for PKI solutions as they increasingly adopt digital and cloud-based technologies, such as e-commerce, online payments, and IoT devices, which require secure and authenticated communication and transactions. However, SMEs have less resources and capabilities to implement and manage PKI solutions, such as limited IT staff, infrastructure, and budgets. Therefore, SMEs prefer PKI solutions that are easy to use, cost-effective, and scalable, such as cloud-based PKI services offered by Comodo, IdenTrust, and Let's Encrypt.

 

Telecom and IT sector holds the largest market share as PKI enables security and identity management of IoT devices and networks

The telecom and IT sector holds the largest PKI industry share because of the increasing need for secure and reliable communication and data transmission across networks and devices. PKI enables secure email and messaging through end-to-end encryption and digital signatures, ensuring confidentiality, integrity, and authenticity of communication. It provides SSL/TLS certificates for websites and facilitates mobile device management by issuing certificates and keys for device authentication. Additionally, it enhances the security and privacy of cloud services, such as SaaS, PaaS, and IaaS, by encrypting data in transit, boosting the public key infrastructure market development. PKI also enables the security and identity management of IoT devices and networks, such as smart meters, sensors, and cameras, by verifying certificates and keys for device authentication and encryption.

 

According to the public key infrastructure market report, the demand for PKI systems in healthcare and life sciences sector is on the rise due to the increasing need for secure and compliant data exchange and storage in the healthcare industry. PKI enables the healthcare and life sciences sector to protect patient data and medical records. It also secures Electronic Health Records (EHR) by encrypting and decrypting data. PKI also ensures the security and authenticity of e-prescriptions, the reliability of telemedicine, and the identity management of medical devices. Additionally, it enables the integrity of biomedical research data, such as genomic data, clinical trials data, and drug discovery data, by encrypting and digitally signing the data.

 

Meanwhile, the retail and e-commerce sector is influencing the public key infrastructure market size at a steady pace due to the increasing need for secure and convenient online shopping and payment transactions. PKI offers several use cases and benefits for this sector, including online payment security, customer identity verification, customer loyalty programs, supply chain management, and other business analytics.

 

Global Public Key Infrastructure Market

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Competitive Landscape

Market players are offering novel technologies to improve data protection and business operations.

 

Company Name Year Founded Headquarters Products/Services
Verisign Inc. 1995 Virginia, United States SSL certificates, domain name services, internet security, DDoS protection
Thales SA 1893 Paris, France SSL certificates, encryption, digital identity, cybersecurity, aerospace, defense, transportation
SSL Corp. 2002 Arizona, United States SSL certificates, web hosting, email security, website backup, malware removal
ACTALIS S.p.A. 1998 Milan, Italy SSL certificates, digital signatures, electronic invoicing, identity management, trust services

 

Other key players in the public key infrastructure (PKI) market include ComodoSSLstore (Rapid Web Services, LLC), Technology Nexus Secured Business Solutions AB, Entrust Corporation, DigiCert Inc., Futurex LP, GMO GlobalSign, Ltd., and WISeKey, SA, among others.

 

Global Public Key Infrastructure Market Analysis by Region

North America leads the market share due to the presence of major PKI providers

Over the course of the forecast period, North America is anticipated to dominate the market due to the high adoption of PKI solutions and services across various sectors, such as healthcare, government, banking, and IT. The presence of major PKI vendors, such as SSL Corp., Entrust, DigiCert, GlobalSign, and Sectigo, in the region also contributes to the public key infrastructure market growth. Moreover, the increasing demand for cloud-based and mobile PKI solutions, along with the rising cybersecurity threats and regulatory compliance, are expected to fuel the market growth in North America.

 

According to public infrastructure market insights, Europe is anticipated to witness significant growth due to the growing awareness and adoption of PKI solutions and services among small and medium-sized enterprises (SMEs), especially in the UK, Germany, France, and Italy. The region is also home to some of the leading PKI providers, such as Nexus Group, PrimeKey, WISeKey, and Cryptomathic, which offer innovative and customised PKI solutions and services to meet the diverse needs of customers. Furthermore, the stringent data protection regulations, such as the eIDAS regulation and the General Data Protection Regulation (GDPR), are expected to boost the demand for PKI solutions and services in Europe.

 

According to the public key infrastructure market analysis, Asia Pacific is expected to grow at the fastest rate due to the region's rapid digital transformation and the adoption of cutting-edge technologies like blockchain, cloud computing, IoT, and artificial intelligence (AI) in a variety of industries, including manufacturing, e-commerce, healthcare, and education. The region is also witnessing a surge in the number of online transactions and digital identities, which require secure and reliable authentication and encryption methods. Additionally, the growing investments and initiatives by governments and private sector players to enhance the cybersecurity infrastructure and awareness in the region are expected to drive the PKI market size in Asia Pacific.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Mode
  • Organization Size
  • Application
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Deployment Mode
  • On-Premises
  • Cloud
Breakup by Organization Size
  • Large Enterprises
  • Small and Medium-Sized Enterprises
Breakup by Application
  • Banking, Financial Services, and Insurance
  • Government and Defense
  • Telecom and IT
  • Healthcare and Life Sciences
  • Retail and eCommerce
  • Manufacturing and Automotive
  • Education
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ComodoSSLstore (Rapid Web Services, LLC)
  • Technology Nexus Secured Business Solutions AB
  • Verisign Inc.
  • Entrust Corporation
  • DigiCert Inc.
  • Futurex LP
  • Thales SA
  • GMO GlobalSign, Ltd.
  • WISeKey, SA
  • SSL, Inc.
  • ACTALIS S.p.A.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Public Key Infrastructure Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Public Key Infrastructure Historical Market (2018-2023) 
    8.3    Global Public Key Infrastructure Market Forecast (2024-2032)
    8.4    Global Public Key Infrastructure Market by Component
        8.4.1    Solution
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Public Key Infrastructure Market by Deployment Mode
        8.5.1    On-Premises
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Cloud
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Public Key Infrastructure Market by Organization Size
        8.6.1    Large Enterprises
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Small and Medium Sized Enterprises
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Public Key Infrastructure Market by Application
        8.7.1    Banking, Financial Services, and Insurance
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Government and Defense
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Telecom and IT
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Healthcare and Life Sciences
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Retail and eCommerce
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Manufacturing and Automotive
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Education
            8.7.7.1    Historical Trend (2018-2023)
            8.7.7.2    Forecast Trend (2024-2032)
        8.7.8    Others
    8.8    Global Public Key Infrastructure Market by Region       
        8.8.2    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America Public Key Infrastructure Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Public Key Infrastructure  Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Public Key Infrastructure Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Public Key Infrastructure Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Public Key Infrastructure Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    ComodoSSLstore (Rapid Web Services, LLC)
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications  
        16.2.2    Technology Nexus Secured Business Solutions AB
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     Verisign Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Entrust Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    DigiCert Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Futurex LP 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Thales SA 
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    GMO GlobalSign, Ltd.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    WISeKey, SA
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    SSL, Inc.
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    ACTALIS S.p.A.
            16.2.11.1    Company Overview
            16.2.11.2    Product Portfolio
            16.2.11.3    Demographic Reach and Achievements
            16.2.11.4    Certifications
        16.2.12    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Public Key Infrastructure Market: Key Industry Highlights, 2018 and 2032
2.    Global Public Key Infrastructure Historical Market: Breakup by Component (USD Million), 2018-2023
3.    Global Public Key Infrastructure Market Forecast: Breakup by Component (USD Million), 2024-2032
4.    Global Public Key Infrastructure Historical Market: Breakup by Deployment Mode (USD Million), 2018-2023
5.    Global Public Key Infrastructure Market Forecast: Breakup by Deployment Mode (USD Million), 2024-2032
6.    Global Public Key Infrastructure Historical Market: Breakup by Organization Size (USD Million), 2018-2023
7.    Global Public Key Infrastructure Market Forecast: Breakup by Organization Size (USD Million), 2024-2032
8.    Global Public Key Infrastructure Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Public Key Infrastructure Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Public Key Infrastructure Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Public Key Infrastructure Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Public Key Infrastructure Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Public Key Infrastructure Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Public Key Infrastructure Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Public Key Infrastructure Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Public Key Infrastructure Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Public Key Infrastructure Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Public Key Infrastructure Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Public Key Infrastructure Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Public Key Infrastructure Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Public Key Infrastructure Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Public Key Infrastructure Market Structure

Key Questions Answered in the Report

In 2023, the public key infrastructure market reached an approximate value of USD 5.16 billion.

The market is expected to grow at a CAGR of 14.7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 17.80 billion by 2032.

The mounting malware and file-based attacks, the increasing confidence in online sellers and clients, and the rising use of public key infrastructure solutions in the banking, financial services, and insurance sector are the major drivers of the public key infrastructure market.

Key trends aiding market expansion include the increased need for cybersecurity in various organisations and the rising focus to deal with sensitive and private financial data.

The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Solution and services are the main components in the market.

The on-premises and cloud deployment modes are generally used for PKI systems.

Banking, financial services, and insurance, government and defence, telecom and IT, healthcare and life sciences, retail and ecommerce, manufacturing and automotive, and education, among others, are the significant applications of public key infrastructure.

Key players in the 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.

Analyst Review

The global public key infrastructure market attained a value of USD 5.16 billion in 2023, driven by the increasing need for cyber-security in various organisations. Aided by the mounting malware and file-based attacks and increasing confidence in online sellers and clients, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 14.7%.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its components, the global public key infrastructure industry can be segmented into solution and services. By the mode of deployment, the market is divided into on-premises and cloud. Large enterprises and small and medium-sized enterprises are the two organization sizes in the market. Based on applications the industry is categorised in banking, financial services, and insurance, government and defence, telecom and IT, healthcare and life sciences, retail and e-commerce, manufacturing and automotive, and education, among others. The major regional markets for global public key infrastructure market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with North America accounting for the largest share in the market. The key players in the above market include 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., ACTALIS S.p.A., Others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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