Public Key Infrastructure Global Market 2024 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Public Key Infrastructure Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.23 billion In 2028 At A CAGR Of 15.4% :

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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Public Key Infrastructure Market Major Segments
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

Key Driver - Cybercrime Escalation Is A Driving Force For Pki Market Expansion

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.

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Prominent Trend - Technological Advancement In The Public Key Infrastructure Market

Technological advancement is a key trend gaining popularity in the public key infrastructure market. Major players in the public key infrastructure market are focused on technological advancement to sustain their marketplace. For an instance, in August 2021, Keyfactor, a US-based company offering public key infrastructure (PKI) as-a-service launched Certificate Lifecycle Automation as-a-Service (CLAaaS) Platform. The CLAaaS platform is integrated with a new cloud-native solution to handle certificate administration in intricate hybrid and multi-cloud systems with stringent regulatory and policy requirements. Keyfactor CLA as a service facilitates turnkey deployment, on-premises PKI, full automation, low friction, hybrid, and scalable PKI.

Public Key Infrastructure 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, Church and Dwight Co. Inc., Henkel AG & Co. KGaA, Reckitt Benckiser Group plc, Clorox Company, Ecolab Inc., Dow Chemical Company, BASF SE, Solvay SA, Akzo Nobel N.V.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the public key infrastructure market share in 2023. The regions covered in the public key infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Public Key Infrastructure Market Report Structure
3. Public Key Infrastructure Market Trends And Strategies
4. Public Key Infrastructure Market - Macro Economic Scenario
5. Public Key Infrastructure Market Size And Growth
…..
27. Public Key Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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