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Public Key Infrastructure Production Analysis, Advancement Strategy And Forecast To 2030

Public Key Infrastructure (PKI) Market size can expand at 21.74% CAGR over the forecast period (2020-2030)


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shraddha nevase

a year ago | 4 min read

Market Analysis

Market Research Future (MRFR) predicts the global Public Key Infrastructure size to expand at 21.74% CAGR from 2022-2030 (forecast period).

Public Key Infrastructure (PKI) is a set of roles, policies, hardware, software and procedures needed to create, manage, distribute, use, store and revoke digital certificates and public-key encryption. PKI is used to secure communications between two parties, provide authentication and access control of users and devices, and secure online transactions. It uses a pair of keys, known as public and private keys, to achieve a high level of security. Public keys are used to encrypt data, while private keys are used to decrypt data. By using public and private keys, PKI enables strong encryption and authentication of users and devices, helping to protect data and ensure the integrity of communications.

The Public Key Infrastructure is a technological advancement used in the field of digitalization to support the purpose of the user and device authentication. It consists of a collection of hardware, software policies, roles, and a process used to create, manage, and distribute digital certificates and certify that a particular cryptographic own by the user. It serves as virtual proof of identification. It is widely used in the IT and telecommunications industries, retail and e-commerce, financial services, and many other fields.

Rising market demand for digital certificates to allow businesses to encrypt data, digitally sign certificates, and authenticate users is expected to drive industry development. Increasing digitalization in various industries has resulted in a greater need for digital authentication to protect enterprise infrastructure. The growing market demand to reduce the cost of authentication processes in various industries such as banking, healthcare, and e-commerce is driving the rapid adoption of public-key encryption solutions.

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The market is driven by the increasing need for secure authentication and data encryption in various industries such as banking and finance, healthcare, and government. Major players in the PKI market include Thales, Entrust Datacard, Digicert, Manageengine, and Microsoft. The market is segmented based on components, deployment models, end-users, and regions. The solutions segment is expected to have the largest market share during the forecast period, with services such as consulting, integration and support, and managed services gaining traction. The cloud deployment model is expected to have the largest market share during the forecast period, as cloud-based solutions are cost-effective, secure, and provide scalability. The banking and finance industry is expected to have the largest market share during the forecast period, as these industries require secure encryption and authentication.COVID-19 Impact on the Global Public Key Infrastructure

The COVID-19 pandemic has brought forth the glaring gaps in cybersecurity in major companies. The transition to digital transformation, as well as the need for public key infrastructure for management of public keys, can present a lucrative opportunity for solution providers. Investments in security solutions, as well as the acceleration of work-from-home connections, have increased the need for reliable certificates and keys.

Market Segmentation:

The global public key infrastructure (PKI) industry has been segmented into solution, deployment, and end-users. 

By solution, the global Public Key Infrastructure has been segmented into secure roaming, self-registration, enrolment of services, PIN authentication, inventory of digital identities.

By deployment, the global Public Key Infrastructure has been segmented into on-premise, cloud-based.

By end-users, the global Public Key Infrastructure has been segmented into BFSI, retail, manufacturing, education, government, human resources, health and life sciences, aerospace and defense, others.

Regional Analysis:

By region, the global Public Key Infrastructure has been segmented into North America, Europe, Asia Pacific, and the rest of the world. 

Because of the growing use of PKI for safe transactions, the market in North America is projected to account for a significant share of the target market in terms of revenue. Furthermore, early adoption of PKI services and solutions, as well as the presence of major players in the countries in the region, is a primary factor influencing growth in the North American public key infrastructure market. The APAC market is expected to witness a significant growth rate in the global market.

Key Players:

VeriSign Inc. (U.S.), Comodo Group Inc. (U.S.), GlobalSign (Belgium), Assa Abloy Group (Sweden), Ascertia (U.S.), Lexmark International Inc. (U.S.), DocuSign Inc (U.S.), SIGNiX (U.S.), GoDaddy Inc. (U.S.), Entrust Datacard Corporation (U.S.), Gemalto NV (France).

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Summary:

The global Public Key Infrastructure size is anticipated to expand at 21.12% CAGR from 2018-2023 (forecast period). Public key infrastructure (PKI) enables network users and others to use secure communications by using cybersecurity technology encryption and digital signature services. The public key infrastructure ensures secure email communication, safe money transactions, and the confidentiality of data exchanged between users via websites. Public key infrastructure is built on asymmetric cryptography, consisting of two types of keys: the public and private keys. The public key asymmetric cryptography is accessible to everyone in the group who has the same key, while the private symmetric cryptography key is confidential and can only be obtained by an authorized individual.

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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New York, NY 10013

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Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com 

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shraddha nevase

In today's fast-paced world, technology plays a pivotal role in transforming our lives. From the way we communicate to how we work and entertain ourselves, technology has become an inseparable part of our daily existence. This article delves into the fascinating world of technology, exploring its impact on various aspects of our lives and shedding light on the latest innovations and trends that shape our future.


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