Public Key Infrastructure Market worth $16.54 billion by 2030, growing at a CAGR of 16.69% - Exclusive Report by 360iResearch

The "Public Key Infrastructure Market by Component (Hardware, Services, Software), Application (Authentication, Encrypting & Decrypting Files, Securing Communication & Network), Deployment Model, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Public Key Infrastructure Market to grow from USD 5.61 billion in 2023 to USD 16.54 billion by 2030, at a CAGR of 16.69%.

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The Public Key Infrastructure (PKI) market comprises products, services, and solutions for implementing, managing, and maintaining a secure digital transaction and communication framework. PKI technology is crucial for managing digital certificates, encryption algorithms, and other cryptographic elements in various industries such as finance, healthcare, government, defense, IT & telecom, retail, and e-commerce. The scope of the PKI market extends to consulting services for designing organizational PKIs and managed PKI services offered by third-party vendors. The need for robust data protection and compliance with strict mandatory regulations due to rising cyber threats is a major growth factor in the PKI market. This demand has been amplified by enterprises adopting cloud-based solutions and remote work models during the COVID-19 pandemic. Additionally, the rapid expansion of the eCommerce sector needs enhanced online transactions, which propel market growth. The high cost of implementation and maintenance of KPIs and the complexity of deploying a comprehensive PKI system may hinder growth. Additionally, advancements in emerging technologies, including blockchain, AI, IoT, and Quantum Computing, can drive new opportunities within the PKI market. Fostering innovation through investments in R&D activities and partnerships is expected to pave the way for long-term sustainable growth in this crucial domain while ensuring a safer digital world for all stakeholders involved.

The Americas region has been at the forefront of Public Key Infrastructure (PKI) market growth due to the region's robust economy, technological advancements, and cybersecurity research investments continue to fuel innovation in PKI. North America has a well-established technology infrastructure that encourages innovation and rapid adoption of new technologies. Additionally, stringent regulatory requirements such as HIPAA and GDPR necessitate strong cybersecurity measures, including PKI. EU countries have implemented strict data protection regulations such as GDPR that mandate strong authentication measures, including PKI. The Middle East and Africa region has been slower to adopt PKI. However, it is gradually catching up due to growing investment in ICT infrastructure, rising cyber threats, and a burgeoning e-commerce sector, particularly in countries including the United Arab Emirates and Saudi Arabia. The APAC region presents significant growth for the PKI market as it houses some of the fastest-growing economies and a rapidly expanding digital ecosystem. Countries such as China, India, Japan, and South Korea have witnessed substantial boosts in mobile internet usage, which has led to an increased demand for secure communication solutions that include PKI. Furthermore, government initiatives focused on enhancing cybersecurity, such as China's Cyber Security Law (CSL), have spurred interest in adopting PKI solutions across various industries. Additionally, APAC nations increasingly focus on national security policies that require stronger encryption techniques to safeguard sensitive information.

Market Segmentation & Coverage:

This research report categorizes the Public Key Infrastructure Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Hardware, Services, and Software. The Services is projected to witness significant market share during forecast period.

Based on Application, market is studied across Authentication, Encrypting & Decrypting Files, Securing Communication & Network, and Web Browsing Security. The Authentication is projected to witness significant market share during forecast period.

Based on Deployment Model, market is studied across Cloud-Based and On-Premise. The On-Premise is projected to witness significant market share during forecast period.

Based on End-User, market is studied across BFSI, Defense, Education & Research, Government, Healthcare, Human Resources, Legal, Life Sciences, Manufacturing, and Real Estate. The Life Sciences is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.57% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Public Key Infrastructure Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Public Key Infrastructure Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Public Key Infrastructure Market, highlighting leading vendors and their innovative profiles. These include ACTALIS S.p.A., Broadcom, Inc., DigiCert, Inc., eMudhra Limited., Enigma Information Security Systems Sp. o.o., Entrust Corp, GlobalSign Ltd., GoDaddy Operating Company, LLC, IdenTrust Inc., International Business Machines Corporation, Kamatera, Inc., Microsec Ltd., Microsoft Corporation, Nexus Group, OneSpan Inc., Oracle Corporation, PrimeKey Solutions AB, Salesforce, Inc, SECARDEO GmbH, Sectigo Limited, Securemetric Berhad, Thales Group, Trustwave Holdings, Ubisecure, Inc, Verisign Inc., and WISeKey SA.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Public Key Infrastructure Market, by Component
7. Public Key Infrastructure Market, by Application
8. Public Key Infrastructure Market, by Deployment Model
9. Public Key Infrastructure Market, by End-User
10. Americas Public Key Infrastructure Market
11. Asia-Pacific Public Key Infrastructure Market
12. Europe, Middle East & Africa Public Key Infrastructure Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Public Key Infrastructure Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Public Key Infrastructure Market?
3. What is the competitive strategic window for opportunities in the Public Key Infrastructure Market?
4. What are the technology trends and regulatory frameworks in the Public Key Infrastructure Market?
5. What is the market share of the leading vendors in the Public Key Infrastructure Market?
6. What modes and strategic moves are considered suitable for entering the Public Key Infrastructure Market?

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