The latest report on “Public Key Infrastructure Market (Solution – Hardware and Software; Deployment Model – Cloud-based, and On-premise; Application – BFSI, Education and Research, Real Estate, Healthcare, Life Sciences, Human Resources, Government, Legal, Defense, and Manufacturing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global public key infrastructure market is projected to grow at a CAGR of 15.3% over the forecast period of 2019-2025.
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A public key infrastructure (PKI) is a combination of software, hardware, roles, policies, and procedures needed to create, distribute, manage, use, store and revoke digital certificates and manage public-key encryption. The purpose of public key infrastructure is to simplify the secure electronic transfer of information for a range of network activities such as internet banking, e-commerce, and confidential email. Public key infrastructure is necessary for activities, where simple passwords are an insufficient verification method and the more rigorous proof is required to confirm the identity of the parties involved in the communication and to authorize the information being transferred. The global public key infrastructure is expected to grow throughout the forecast period.
Rising Malware and File-Based Attacks, and Increasing Stringent Regulations and Compliances Also Help to Boost the Growth of the Public Key Infrastructure Market
The growing adoption of digital signatures by enterprises is one of the key factors for the growth of the public key infrastructure market across the globe. The popularity of digital signatures is rising because of their ability to improve the authenticity and integrity of digital messages like email, documents, and code distributed through the Internet.
Furthermore, rising malware and file-based attacks, and increasing stringent regulations and compliances also help to boost the growth of the public key infrastructure market. However, the lack of technical skills related to digital certificates may hamper the growth of the global market over the forecast period. Moreover, the rising usage of digital documents, such as excel sheets, word docs, and PDFs, creates an opportunity for the growth of the public key structure market in the next few years.
North America Holds the Largest Market Share in the Public Key Infrastructure Market
In terms of region, North America holds the largest market share in the public key infrastructure market. This is primarily due to the early adoption of PKI solutions in the region. Furthermore, the presence of several vendors that provide PKI also drives the market growth in the North America region. Also, the growing addition of IoT technologies in different certificates and public key infrastructure has been improving the growth of the market in the region.
Europe is estimated to be the second-largest region in the public key infrastructure market due to the growing number of certificate authorities in this region. Moreover, Asia Pacific is expected to be the fastest-growing region in the public key infrastructure market. Growing technology adoption, huge opportunities across government and public sector, and the rise in the number of startups in APAC countries, especially India helps the growth of the market.
The report on the global public key infrastructure market covers segments such as solution, deployment model, and application. On the basis of the solution, the sub-markets include hardware and software. On the basis of the deployment model, the sub-markets include cloud-based, and on-premise. On the basis of application, the sub-markets include BFSI, education and research, real estate, healthcare, life sciences, human resources, government, legal, defense, and manufacturing.
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The report provides profiles of the companies in the market such as Gemalto NV, GlobalSign, Entrust Datacard Corporation, DigiCert, Inc., Futurex, Comodo Security Solutions, Inc., Lexmark International Inc., Nexus Group, ACTALIS S.p.A, and Verisign, Inc.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the public key infrastructure.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.