Public Key Infrastructure (PKI) Market is expected to grow at a Robust CAGR of 14.7% during forecast period 2022-2031

Public key infrastructure (PKI) is a system of digital certificates, digital signatures, and cryptographic keys that are used to authenticate and authorize individuals and entities on the Internet. PKI is used to verify that a person or entity is who they claim to be, and to ensure that the data they are sending or receiving is not tampered with.

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PKI is based on the concept of asymmetric cryptography, which uses a pair of keys - a public key and a private key - to encrypt and decrypt data. The public key can be shared with anyone, and is used to encrypt data. The private key is kept secret, and is used to decrypt data.

Key Trends and Drivers:

One of the key trends in the PKI market is the move toward cloud-based PKI solutions. Cloud-based PKI solutions offer a number of advantages over traditional on-premises PKI solutions, including lower costs, easier deployment and management, and increased flexibility.

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Another key trend in the PKI market is the increasing adoption of elliptic curve cryptography (ECC). ECC is a newer form of public key cryptography that offers better security than traditional RSA cryptography. As more organizations become aware of the benefits of ECC, we expect to see increased adoption of this technology in PKI systems.

Finally, another key trend in the PKI market is the increasing use of biometrics for authentication. Biometric authentication, such as fingerprint or iris scanning, is more secure than traditional password-based authentication. As more organizations seek to increase the security of their PKI systems, we expect to see more adoption of biometric authentication.

Market Segments:

By Component
• Solutions
• Services
• Hardware Module

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By Deployment mode
• Cloud
• On-premises

By Organization Size
• Large Enterprises
• SMEs

By Vertical
• IT and ITES
• BFSI
• Healthcare
• Retail
• Manufacturing
• Government and Defense

Key Players:

• Thales
• Entrust Datacard
• DigiCert
• ManageEngine
• Microsoft
• HID Global
• Google
• AWS
• AppViewX
• Venafi

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