A public key infrastructure (PKI) is a platform that supports managing digital certificates for implementing strong authentication, electronic signature and data encryption methods. The Public Key Infrastructure service is integrated with other security and IoT managed connecting devices as smart M2M and a part of IoT Security solutions that includes CyberThreats, and Faast IoT technology. Public Key Infrastructure (PKI) caters highest revenue to the e-signature market.
The study indicates that the usage of public key infrastructure has enhanced the operational efficiency of the business at the optimum cost. These solutions supports the organization to reduce the cost for storing signatures on paper, and is leading to a decreased operational cost The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates across different geographies..
According to a recent study report published by the Market Research Future, The global market of Public Key Infrastructure is booming and expected to gain prominence over the forecast period. The global Public Key Infrastructure market is prognosticated to acquire worth of USD ~ 1.99 Billion by the end of 2023 with at a whooping double digit CAGR over ~ 22.7% during forecast period 2017-2023.
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Major Key Players:
Verisign Inc. (U.S),
Docusign Inc. (U.S),
Comodo Group Inc. (U.S),
GoDaddy Group Inc. (U.S),
GMO GlobalSign Inc. (U.S),
Comodo, Signix Inc.v (U.S),
Identrust Inc. (U.S),
Gemalto N.V. (Netherlands),
Ascertia Company (U.S), Entrust Datacrad Corp. and others.
Verisign Inc., Comodo, GoDaddy Group, and Entrust Datacrad Corp. Are the dominat players accounting for more than 70 % of the market in 2016.
Global Public Key Infrastructure Market – growing information security concerns coupled with explosive adoption of electronic communications expected to propel the market to a high CAGR
The regional analysis of Public Key Infrastructure market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of largest market share in Public Key Infrastructure market due to the deployment of the market, that has been divided into cloud-based and on-premises. In cloud-based deployment model, documents can be signed digitally with the help of cloud hosted signing services which is widely used in North America region.The Public Key Infrastructure market in Europe region is expected to witness rapid growth. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for Public Key Infrastructure market. This market has huge potential for growth of Public Key Infrastructure specifically the country like China due to the growth rapid industrialization, and increasing focus on security threats in this region.
To generate a detailed understanding of the market the global public key infrastructure market has been segmented on the basis of services, deployment, end -users and region.
Based on services, the market has been segmented into PIN authentication, enrollment services, secure roaming, self-recovery, self-registration, others.
Based on deployment, the market has been segmented into cloud-based, on-premise, others.
Based on end-user, the market has been segmented into Healthcare and Life Sciences, Human Resources, Manufacturing, Government and Defense, BFSI, Education and Research, Others.
Based on regions, the market has been segmented into North America, Europe, APAC, and rest of the World.
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- Training and education service providers
- Data integration service providers
- Banking and Insurance service providers
- Technology standards organizations
- Digital signature vendors
- Digital signature service providers
- Product manufacturers/ developers
- Consultancy firms/advisory firms
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms