Public Key Infrastructure Market to Reach Valuation of US$ 4.55 Bn million by 2027 - Rising Demand, Types, Top Players and Application

The global public key infrastructure market accounted for US$ 1.65 Bn in 2018 and is expected to grow at a CAGR of 11.4% over the forecast period 2019-2027, to account for US$ 4.55 Bn by 2027. Public Key Infrastructure market report offers one of the best solutions to know the trends and opportunities in Public Key Infrastructure industry. The report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. Furthermore, this Public Key Infrastructure research report takes into consideration several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.

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The report segments the global Public Key Infrastructure Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Public Key Infrastructure Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Major key players covered in this Public Key Infrastructure Market report:

•Airbus S.A.S.
•Digicert Inc.
•Emudhra
•Enigma Systemy Ochrony Informacji SP. Z O.O.
•Entrust Datacard Corporation
•Futurex
•Gemalto (Thales Group)
•IBM Corporation
•Microsoft Corporation
•Securemetric

Cyber-attacks are on the rise in both enterprises and government sector around the globe. Ever-increasing threats and evolving industry and government regulations are forcing organizations to invest heavily in digital security. Organizations are becoming increasingly alert to cyber threats. In the last few years, cyber-attacks have affected the ease of doing businesses across many industries, including BFSI, healthcare, media & entertainment, and governments. In order to keep the data and device secure, PKI (Public Key Infrastructure) certificates are used. Hence, with the increasing cyber-attacks and adoption of digital certificates, the market of public key infrastructure is expected to witness high demand during the forecast period.

The spending on public key infrastructure is quite high in both developed and developing regions such as North America, Europe, and the Asia Pacific. The demand for public key infrastructure is expected to grow further during the forecast period of 2019 to 2027. Rising digitization and positive economic outlook are some of the major macroeconomic factors driving the growth of the public key infrastructure market. Public key infrastructure is turning more into the global business; as various large players are offering public key infrastructure solutions globally. Presently on a global scale, industry verticals such as BFSI, IT & telecom, retail & e-commerce, government and defense, manufacturing and automotive are the major contributors in public key infrastructure spending.

Market Insights

Enterprises and new developing markets are expected to invest in the technology market to build IT infrastructure that would help reduce costs and enhance business productivity. New emerging markets and economic growth and increasing demand from small and medium enterprises are anticipated to boost the technology industry. Public key infrastructure technology has become significant for various industries to work in a secure environment. Rising digitization and positive economic outlook are some of the major macroeconomic factors driving the growth of the public key infrastructure market. Public key infrastructure is turning more into the global business, and various large players can offer public key infrastructure solutions globally. Presently on a global scale, industry verticals such as BFSI, IT & telecom, retail & e-commerce, government and defense, manufacturing and automotive are the major contributors in public key infrastructure spending. PKI technology is gaining significance important in every region due to growing cyber-attacks. Hence, such significant growth is expected to offer ample growth opportunities for the global public key infrastructure market players during the forecast period of 2019 to 2027.

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The market players present in public key infrastructure market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below;

2019:Entrust Datacard acquired nCipher Security, hales's market-leading General Purpose Hardware Security Module (GP HSM) business. This acquisition enabled Entrust Datacard to extend its ability to provide its customers with a solution that meets the demand for high assurance use cases.

2018:Entrust Datacard acquired a Spain based firm Safelayer Secure Communications. With this acquisition, Entrust Datacard expanded its geographical footprints and strengthened its competencies in eIDAS.

2018:Gemalto, a global leader in digital security, ISARA Corp., the leading provider of quantum-safe security solutions, and DigiCert Inc., the world's leading provider of scalable PKI solutions for identity and encryption entered into partnership to develop advanced quantum-safe digital certificates and secure key management for the Internet of Things (IoT).

Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Public Key Infrastructure Market
• Key market trends cracking up the growth of the Public Key Infrastructure Market
• Challenges to market growth.
• Key vendors of Public Key Infrastructure Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Public Key Infrastructure Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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