Public Key Infrastructure (PKI) Market 2018 Size, Share, Developing Technologies and Key Leaders: GlobalSign, Comodo Group Inc., DocuSign Inc, GoDaddy, Lexmark International Inc., Entrust Datacard Corporation

Market Highlights:

Public key infrastructure (PKI) Industry Covers Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.

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.

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Major Key Players

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

According to MRFR, 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.

The public key infrastructure ecosystem consists of various regional and local service providers that are evolving to enhance their market position. The growth of the service providers is dependent on the market conditions, government support, and industry development. It is important for the service providers to ensure secure electronic transfer of information and reduce on-going operational costs to maintain their market position and gain a competitive advantage. Thus, the service providers are focusing on research & development and product expansion and are improving operational efficiency to maintain their stronghold on the market

Service providers in the public key infrastructure market are focusing towards improving and expanding their services across the world. Entrust Datacard Corporation, Assa Abloy Group, GoDaddy Inc., VeriSign Inc., Gemalto NV among others are the major companies in the market, competing in terms of security, reliability, and service quality. Their primary focus is to upgrade the quality and diversify their value-added services on a regular basis to sustain the market. The major players have strengthened their presence worldwide through the acquisition of local and regional players for expanding their services. The improvement of the economic scenario combined with advances in technology in emerging economies like China, Japan, and South Korea, is likely to fuel the market growth and expand the public key infrastructure market.
Entrust Datacard Corporation held the highest share of 14.96% in 2017. Entrust Authority PKI enables encryption, digital signature and certificate authentication capabilities to be consistently and transparently applied across a broad range of applications and platforms. In May 2017, the company announced the release of Entrust Certificate Services 12.1. This updated version of the company’s certificate services allows the users to easily deploy, audit, manage and secure their full portfolio of digital certificates.

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.

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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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