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Public Key Infrastructure Market Drivers Shaping Future Growth, Revenue $14.49 billion by 2030: CAGR of 26.5%.

10-29-2024 09:53 AM CET | IT, New Media & Software

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Public Key Infrastructure Market

Public Key Infrastructure Market

The global ๐๐ฎ๐›๐ฅ๐ข๐œ ๐Š๐ž๐ฒ ๐ˆ๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at $1.4 billion in 2020, and is projected to reach $14.49 billion by 2030, registering a CAGR of 26.5% from 2021 to 2030. Wide applicability of public key infrastructure due to growing number of cyber fraud attempts is expected to push the global public key infrastructure market forward. However, high installation and maintenance costs associated with public key infrastructure might restrain market growth. Nevertheless, rising awareness regarding data privacy amongst users is projected to open up new growth opportunities for the market in the coming period.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐ƒ๐… - 300 ๐๐š๐ ๐ž๐ฌ) ๐š๐ญ: https://www.alliedmarketresearch.com/request-sample/A14231

The past few decades have witnessed an upward trend for data privacy and security solutions. From the past few years, security equipment began to become mainstream for commercial and government applications. During this time, enterprise level firewalls, intruder detection systems, identity management systems, event management solutions, and other solution began to emerge. Defense Information Systems Agency (DISA) implemented PKI infrastructure for its Common Access Cards program, providing identification cards for active-duty U.S. Defense personnel. This Common Access Cards program is one of the largest PKI-based applications.

Based on deployment mode, the cloud segment accounted for the highest market share in 2020 due to increasing shift in deployment model towards cloud-based solutions. However, the on-premise segment is predicted to showcase the highest CAGR of 28.7% in the 2021-2030 period.

๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/public-key-infrastructure-market/purchase-options

The services segment is estimated to emerge as the fastest growing segment, and includes various services that are required to deploy, execute, and maintain the PKI in a corporation. PKI supported services are further classified into professional services and managed services. Services within the PKI market become critical as they supply support for the right functioning of software solutions. Various vendors within the market are focusing on delivering specialized services to assist organizations with running of business processes.

In September 2023, SAE Industry Technologies Consortia launched the Electric Vehicle Public Key Infrastructure (EVPKI) Consortium. The mission of the Consortium is to create and manage an inclusive framework for secure digital trust across the electric mobility PKI ecosystem to accelerate electric vehicle adoption and optimize the user experience. SAE ITC has been designing and testing the SAE EVPKI Platform by EV industry leaders in a pre-competitive project of the SAE Cooperative Research Program. Project members include a cross-industry team of EV OEMs, charging manufacturers and providers, as well as critical EV ecosystem companies.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

๐†๐Ž๐Ž๐†๐‹๐„ ๐‹๐‹๐‚, ๐„๐๐ˆ๐†๐Œ๐€ ๐’๐˜๐’๐“๐„๐Œ๐˜ ๐Ž๐‚๐‡๐‘๐Ž๐๐˜ ๐ˆ๐๐…๐Ž๐‘๐Œ๐€๐‚๐‰๐ˆ ๐’๐. ๐™ ๐Ž.๐Ž., ๐ƒ๐ˆ๐†๐ˆ๐‚๐„๐‘๐“, ๐ˆ๐๐‚., ๐–๐ˆ๐’๐„๐Š๐„๐˜ ๐ˆ๐๐‚๐‘๐˜๐๐“, ๐“๐‡๐€๐‹๐„๐’ ๐†๐‘๐Ž๐”๐, ๐Œ๐ˆ๐‚๐‘๐Ž๐’๐Ž๐…๐“ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐, ๐€๐Œ๐€๐™๐Ž๐ ๐–๐„๐ ๐’๐„๐‘๐•๐ˆ๐‚๐„๐’, ๐ˆ๐๐‚., ๐‡๐ˆ๐ƒ ๐†๐‹๐Ž๐๐€๐‹ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐, ๐ˆ๐๐“๐„๐‘๐๐€๐“๐ˆ๐Ž๐๐€๐‹ ๐๐”๐’๐ˆ๐๐„๐’๐’ ๐Œ๐€๐‚๐‡๐ˆ๐๐„๐’ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A14231

In 2019, the global public key infrastructure market share was dominated by the solution segment, and is expected to maintain its dominance in the upcoming years. Rising digitalization across various industries has resulted in the growing need for the digital authentication process to secure enterprise infrastructure. The rising demand to scale back the authentication process cost across various sectors, such as banking, healthcare, and e-commerce, is supporting the surging adoption of public-key encryption solutions.

In November 2023, Partners Group, a leading global private markets firm, acting on behalf of its clients, has agreed to acquire ROSEN Group ("ROSEN" or "the Company"), a global provider of mission-critical inspection services for energy infrastructure assets, from its founder, Hermann Rosen. Mr. Rosen will remain a significant partner alongside Partners Group in supporting the Company's next phase of growth.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A14231

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐Ž๐Ÿ ๐“๐ก๐ž ๐’๐ญ๐ฎ๐๐ฒ

By component, in 2020, the solution segment is estimated to be the major shareholder. However, the services segment is expected to witness highest growth rate during the forecast period.

On the basis of deployment, the on-premise segment accounted for the highest revenue in 2020; however, the cloud segment is expected to witness highest growth rate during the forecast period.

On the basis of organization size, the large enterprise segment accounted for the highest revenue in 2020; however, the SME segment is expected to witness highest growth rate during the forecast period

On the basis of vertical, the IT and telecom segment accounted for the highest revenue in 2020; however, the healthcare segment is expected to witness highest growth rate during the forecast period.

Region-wise, the public key infrastructure market was dominated by North America in 2020. However, Asia-Pacific is expected to witness significant growth in the coming years.

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

Brain Computer Interface Market - https://www.alliedmarketresearch.com/brain-computer-interfaces-market

Internet Advertising Market - https://www.alliedmarketresearch.com/internet-advertising-market

Web Analytics Market - https://www.alliedmarketresearch.com/web-analytics-market-A05971

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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