Market Highlights:
Public key infrastructure (PKI) Industry Covers Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
Public key infrastructure (PKI) is foundational, as it provides a framework for applications, policies, and practices which offer a number of security functions to help maintain the integrity of digital documents. The global public key infrastructure market was valued at USD 639.1 Mn in 2017 and is expected to register highly promising growth at a CAGR of 21.12% during the forecast period of 2018 to 2023. Increasing demand for encryption technology is expected to encourage market growth among other important factors. As such, the market’s appreciation in value is expected to result in a market value of USD 1,987.1 Mn by the end of 2023.
The study indicates that the usage of public key infrastructure has enhanced the operational efficiency of the business at the optimum cost. These solutions supports the organization to reduce the cost for storing signatures on paper, and is leading to a decreased operational cost The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates across different geographies.
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Major Key Players
- Comodo Group Inc.,
- DocuSign Inc,
- GoDaddy Inc.,
- Ascertia,
- Assa Abloy Group,
- GlobalSign,
- Gemalto NV,
- VeriSign Inc.,
- Lexmark International Inc.,
- Entrust Datacard Corporation,
- SIGNiX.
Market Segmentation:
By services, the global public key infrastructure market has been segmented into PIN authentication, enrollment services, secure roaming, self-recovery, self-registration, and, others.
By deployment, the public key infrastructure market is segmented into cloud-based, on-premises, and, others.
By end-user, the global public key infrastructure market has been segmented into healthcare and life sciences, human resources, manufacturing, government and defense, BFSI, education and research, and, others.
Industry Synopsis:
This MRFR study presents a thorough analysis of the global public key infrastructure (PKI) market. The primary objective of the study is to deliver a market forecast until 2023. It also covers analysis of key trends that are expected to guide the market growth during the forecast period. In addition, major PKI technology trends are also mentioned in the research document. It also includes a discussion on different PKI solutions such as PIN authentication, enrolment services, self-registration, secure roaming and inventory of digital identities. Both cloud-based and on-premise PKI deployments have been considered for market sizing. Revenue analysis based on PKI end-users covers domains such as health and life sciences, manufacturing, BFSI, aerospace and defense, human resources, government, education, and retail.
Regional Analysis:
North America leads the global market’s growth and is closely followed by the Asia Pacific market in terms of market value. North America valued USD 239.7 Mn in 2017 and is expected to grow with an optimistic CAGR of 20.71% during the forecast period. The presence of several important market participants in the region combined with the high use of PKI solutions by the regions government sector is expected to drive the growth of the North American PKI market.
Asia Pacific is expected to grow at the highest CAGR of 23.38% during the forecast period. China accounts for the largest country-level market with a projected market value of USD 215.15 Mn by the end of 2023. Japan and India are other important country-level markets to watch out for during the assessment period.
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Intended Audience
- Training and education service providers
- Data integration service providers
- Banking and Insurance service providers
- Technology standards organizations
- Digital signature vendors
- Digital signature service providers
- Product manufacturers/ developers
- Consultancy firms/advisory firms
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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