Cybercrime Escalation Is A Driving Force For PKI Market Expansion: A Significant Driver Propelling The Public Key Infrastructure Market In 2025

The Public Key Infrastructure Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Public Key Infrastructure Market Size and Projected Growth Rate?
The market size for public key infrastructure has experienced substantial expansion in the last few years. It is projected to increase from $4.6 billion in 2024 to a remarkable $5.54 billion in 2025, with a compound annual growth rate (CAGR) of 20.7%. Factors such as security issues, adherence to regulatory standards, initiatives in digital transformation, surge in e-commerce, and enhanced interconnectedness contributed to this growth during the historical duration.

In the future years, the market size of public key infrastructure is projected to witness a substantial surge. The anticipated growth will propel the market value to $11.74 billion by 2029, with a compound annual growth rate of 20.6%. Factors contributing to this projected growth within the forecast period include the spread of IoT, integration of blockchain, quantum-safe cryptography, fast-paced digitalization, and a focus on user privacy. Notable trends that are expected to impact the forecast period comprise blockchain integration for augmented certificate transparency, a shift towards managed PKI services, application of zero-trust security frameworks, improved certificate lifecycle management, and regulatory compliance requirements.

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What Are the Major Segments in the Public Key Infrastructure Market?
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

Subsegments:
1) By Hardware Module: Hardware Security Modules (HSMs), Smart Cards, USB Tokens
2) By Solution: Certificate Authority (CA) Software, Registration Authority (RA) Software, Digital Signature Solutions, Public Key Management Solutions
3) By Services: Managed PKI Services, Consulting Services, Integration Services, Support And Maintenance Services

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What Are The Driving Public Key Infrastructure Market Evolution?
The escalating occurrence of cyber crimes is fuelling the need for the public key infrastructure market. Cyber frauds typically involve deliberate interference with another individual's personal and financial data stored online. A public key infrastructure operates as a cybersecurity technological system, fusing an HSM (hardware security module) for the secure storage of keys, a Root CA or Certification Authority for the issuance of digital certificates, and public key cryptographic keys to provide data encryption and protection against cyber crime. For instance, the USA's Federal Bureau of Investigation, a domestic intelligence and security service agency, released the Internet Crime Report 2021 in March 2023, which detailed the significant cost of fraudulent investment in 2022. It revealed that investment fraud complaints surged from $1.45 billion in 2021 to $3.31 billion in 2022, a significant 127% increase. Within these complaints, cryptocurrency investment fraud witnessed an increase from $907 million in 2021 to a whopping $2.57 billion in 2022, marking a steep 183% hike. Consequently, the rise in cyber crimes is expected to spur the advancement of the public key infrastructure market.

Which Firms Dominate The Public Key Infrastructure Market Segments?
Major companies operating in the public key infrastructure market are DigiCert Inc., GlobalSign, Entrust, Thales Group, Sectigo, Identrust, Keyfactor, Amazon Web Services Inc. Microsoft Corporation, Venafi, Comodo, Broadcom Inc, International Business Machines Corporation, RSA Security, GoDaddy, Let's Encrypt, Trustwave, Infocert, QuoVadis, Certum, Actalis, SafeNet, DigiCert TLS, Certigo, SecureTrust, E-CP, Buypass, Trustico, Gandi, NetLock

What Trends Are Expected to Dominate the Public Key Infrastructure Market in the Next 5 Years?
The public key infrastructure market is experiencing a surge in popularity due to significant technological advancements. To maintain their market presence, key players in this sector are opting for technology upgrades. As an example, in September 2024, the Ethiopian government introduced a Public Key Infrastructure (PKI) system to optimize the data exchange aspect of the nation's digital public infrastructure (DPI). The PKI, which encompasses hardware, software, professionals, and a legal framework, ensures secure and trustworthy digital data exchange by employing encryption techniques to safeguard data during transfer. A comprehensive ecosystem for managing digital certificates and facilitating secure communications is created by this infrastructure.

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Which Is The Largest Region In The Public Key Infrastructure Market?
North America was the largest region in the public key infrastructure market share in 2024. The regions covered in the public key infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Public Key Infrastructure Market?
2. What is the CAGR expected in the Public Key Infrastructure Market?
3. What Are the Key Innovations Transforming the Public Key Infrastructure Industry?
4. Which Region Is Leading the Public Key Infrastructure Market?

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