Public Key Infrastructure Global Market 2025: Exponential Growth, Notable Trends, and Key Players

Public Key Infrastructure market size is projected to display significant growth from $4.6 billion in 2024 to $5.54 billion in 2025, further expected to reach $11.74 billion by 2029. Key market drivers include increasing security concerns, regulatory compliance, rapid digitalization, and the rise of cyber frauds.

What Is The Projected Market Size Of The Global Public Key Infrastructure Market And Its Growth Rate?
• The public key infrastructure market size has grown exponentially and is expected to grow from $4.6 billion in 2024 to $5.54 billion in 2025. This corresponds to a compound annual growth rate (CAGR) of 20.7%.
• The growth in the historic period can be attributed to security concerns, regulatory compliance, digital transformation initiatives, e-commerce growth, and increasing interconnectedness.
• The public key infrastructure market size is expected to see exponential growth, forecasted to reach $11.74 billion in 2029 at a CAGR of 20.6%.
• The growth in the forecast period can be attributed to IoT proliferation, blockchain integration, quantum-safe cryptography, rapid digitalization, and focus on user privacy.

What Is Driving The Growth In The Global Public Key Infrastructure Market?
The rise in cyber frauds is propelling the public key infrastructure market. Cyber frauds, the intentional tampering of personal online-stored data, has seen an upsurge, pushing the need for enhanced cybersecurity. Public key infrastructure plays a pivotal role by combining a hardware security module (HSM) for key storage and protection, a Root CA for the issuance of digital certificates, and public key cryptographic keys for data encryption. For instance, investment fraud complaints saw a sharp rise, from $1.45 billion in 2021 to $3.31 billion in 2022, reported by the Federal Bureau of Investigation. Thus, the increase in cyber frauds is expected to drive the growth of the public key infrastructure market.

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Who Are the Key Players Driving Public Key Infrastructure Market Growth?
• DigiCert Inc.
• GlobalSign
• Entrust
• Thales Group
• Sectigo
• Identrust
• Keyfactor
• Amazon Web Services Inc.
• Microsoft Corporation
• Venafi
• Comodo
• Broadcom Inc
• International Business Machines Corporation (IBM)
• RSA Security
• GoDaddy
• Let's Encrypt
• Trustwave
• Infocert
• QuoVadis
• Certum
• Actalis
• SafeNet
• DigiCert TLS
• Certigo
• SecureTrust
• E-CP
• Buypass
• Trustico
• Gandi
• NetLock

What Are The Key Trends In The Global Public Key Infrastructure Market?
• Blockchain integration for certificate transparency
• Shift towards managed PKI services
• Implementation of zero trust security frameworks
• Enhanced certificate lifecycle management
• Regulatory compliance requirements

What Are The Segments Of The Global Public Key Infrastructure Market?
• By Component: Hardware Module, Solution, Services
• By Deployment Mode: Cloud, On-Premise
• By Organization Size: Large Enterprises, Small And Medium Enterprise (SME)
• By Vertical: BFSI, Government And Defense, IT And Telecom, Retail, Healthcare, Manufacturing, Other Verticals

Which Region Leads The Public Key Infrastructure Market?
North America held the largest share in the public key infrastructure market in 2024. The regions covered in the public key infrastructure market report further include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

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What Is Covered In The Public Key Infrastructure Global Market Report?

- Market Size Analysis: Analyze the Public Key Infrastructure size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Public Key Infrastructure for effective categorization.

- Key Player Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Public Key Infrastructure growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Public Key Infrastructure.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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