Public Key Infrastructure Market Industry Analysis by Worldwide Opportunities, Sales Revenue, Emerging Technologies, Segmentation, Future Plans and Growth Rate To 2023

Market Snapshot

Digitization has revolutionized how people manage confidential data. Public key infrastructure (PKI) is the next frontier in management and security solution for personal information. Through a range of networks, PKI deploys a rigorous security structure. It is basically a combination of procedures, people, policies, software, hardware and services that support public key cryptography – a unique way of securing communication. With passing time, PKI continues to become more effective and relevant. Technology companies are introducing PKI systems that ensure effective arrangement that binds public keys. Rapid adoption and expanding userbase is encouraging developers to continue to improve PKI and make it robust. In 2017, the global public key infrastructure (PKI) market stood at USD 639.12 Mn and is expected to witness a healthy growth during the review period (2018-2023). Intensifying cyber threat is a major concern worldwide, making PKI an important tool for information security.

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Companies Covered

Comodo Group Inc., DocuSign Inc, GoDaddy Inc., Ascertia, Assa Abloy Group, GlobalSign, Gemalto NV, VeriSign Inc., Lexmark International Inc., Entrust Datacard Corporation, and SIGNiX.

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

Industry Highlights:

Public key infrastructure (PKI) is foundational, as it provides a framework for applications, policies, and practices which offer a number of security functions to help maintain the integrity of digital documents. The global public key infrastructure market was valued at USD 639.1 Mn in 2017 and is expected to register highly promising growth at a CAGR of 21.12% during the forecast period of 2018 to 2023. Increasing demand for encryption technology is expected to encourage market growth among other important factors. As such, the market's appreciation in value is expected to result in a market value of USD 1,987.1 Mn by the end of 2023.

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.

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Market Segmentation:
By services, the global public key infrastructure market has been segmented into PIN authentication, enrollment services, secure roaming, self-recovery, self-registration, and, others.
By deployment, the public key infrastructure market is segmented into cloud-based, on-premises, and, others.
By end-user, the global public key infrastructure market has been segmented into healthcare and life sciences, human resources, manufacturing, government and defense, BFSI, education and research, and, others.

Regional Analysis:

North America leads the global market's growth and is closely followed by the Asia Pacific market in terms of market value. North America valued USD 239.7 Mn in 2017 and is expected to grow with an optimistic CAGR of 20.71% during the forecast period. The presence of several important market participants in the region combined with the high use of PKI solutions by the regions government sector is expected to drive the growth of the North American PKI market.
Asia Pacific is expected to grow at the highest CAGR of 23.38% during the forecast period. China accounts for the largest country-level market with a projected market value of USD 215.15 Mn by the end of 2023. Japan and India are other important country-level markets to watch out for during the assessment period.

Intended Audience
• 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

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