Press release
Public Key Infrastructure Global Market Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033 | EcoWater Systems LLC, Kinetico Incorporated, Hydroflux Pty Ltd., BWT AG, Dwater Limited
Public Key Infrastructure Global Market
The Business Research Company presents an extensive market research report on the Public Key Infrastructure Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The public key infrastructure market size has grown exponentially in recent years. It will grow from $3.85 billion in 2023 to $4.69 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to security concerns, regulatory compliance, digital transformation initiatives, e-commerce growth, increasing interconnectedness..
The public key infrastructure market size is expected to see exponential growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to iot proliferation, blockchain integration, quantum-safe cryptography, rapid digitalization, focus on user privacy.. Major trends in the forecast period include blockchain integration for certificate transparency, shift towards managed pki services, implementation of zero trust security frameworks, enhanced certificate lifecycle management, regulatory compliance requirements..
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Key Market Players:
Major companies operating in the public key infrastructure market report are EcoWater Systems LLC, Kinetico Incorporated, Hydroflux Pty Ltd., Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Watts Water Technologies Inc., Feedwater Limited, Qingdao Haier Co. Ltd., Dwater Limited, Culligan International Company, Water-Right Inc., Canature Environmental Products Co. Ltd., A.O. Smith Corporation, 3M Company, General Electric Company, Whirlpool Corporation, COWAY Co. Ltd., LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Unilever N.V., Procter & Gamble Co., Kao Corporation, Colgate-Palmolive Company, Henkel AG & Co. KGaA, Reckitt Benckiser Group plc, Clorox Company, Ecolab Inc., Dow Chemical Company, BASF SE, Solvay SA, Akzo Nobel N.V.
Market Drivers:
The increase in the number of cyber frauds is driving the demand for the public key infrastructure market, going forward. Cyber frauds refer to intentional tampering with another person's online-stored personal and financial information. A public key infrastructure functions as a cybersecurity technological infrastructure that combines an HSM (hardware security module) for key storage and protection, a Root CA or Certification Authority for the issue of digital certificates, and public key cryptographic keys to encrypt data and save from cyber fraud. For instance, in March 2022, according to the Internet Crime Report 2021, published by, the Federal Bureau of Investigation, a US-based domestic intelligence and security service agency, in the USA, cybercrime complaint number reached 847,376, which was a 7% increase, as compared to 2020, in which 51,829 were about personal data breaches and 3,23,972 were about phishing, however, the potential loss recorded was around, $6.9 billion. Therefore, the increase in the number of cyber frauds will drive the growth of the public key infrastructure market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/public-key-infrastructure-global-market-report
The public key infrastructure market covered in this report is segmented -
1) By Component: Hardware Module, Solution, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Large Enterprises, Small And Medium Enterprise (SME)
4) By Vertical: BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Manufacturing, Other Verticals
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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