Market Highlights:
According to a recent study report published by the Market Research Future, The global market of Public Key Infrastructure is booming and expected to gain prominence over the forecast period. The global Public Key Infrastructure market is prognosticated to acquire worth of USD ~ 1.99 Billion by the end of 2023 with at a whooping double digit CAGR over ~ 22.7% during forecast period 2017-2023.
An organization’s PKI usage covers more areas than just IoT. PKIs will be used to support, on average, more than eight different applications within an enterprise, including SSL certificates, virtual private networks (VPNs), public cloud apps and authentication mechanisms. The study indicates that the usage of Public Key Infrastructure has enhanced the operational efficiency of the business at the optimum cost. These solutions support the organization to reduce the cost for storing signatures on paper, and are leading to a decreased operational cost.
Growing security proliferation and cyber-attacks around the world is increasing the risk of theft of data is eventually contributes to the growth of the market for Public key infrastructure (PKI). Regulatory and compliance requirements are the major growth propelling factors for the data encryption market. Additionally, growing adoption of PKI by various organizations in order to protect their vulnerable data is providing impetus to the market growth. Flexibility of the PKI solutions is helping to increase its popularity. Moreover, the rises of the Internet of Things (IoT) in the enterprise and its impact on how organizations design and build their public key infrastructure (PKI) are mainly fostering the market growth. Specifically, IoT is the fastest trend driving the deployment of applications using PKI.
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Docusign Inc.(U.S), Comodo Group Inc.(U.S), Kofax Ltd. (U.S), GoDaddy Inc.(U.S), GMO GlobalSign Inc. (U.S), Verisign Inc.(U.S), Gemalto N.V.( Netherlands), Signix Inc.(U.S), Ascertia Company (U.S), Secured Signing Limited (Australia)Entrust Data Cartd Corporation (U.S) and Identrust Inc.(U.S) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Public Key Infrastructure market.
The global Public Key Infrastructure market is expected to grow at USD$ ~1.99 Billion by 2023, at ~22.7% of CAGR between 2017 and 2023.
Industry News
December, 2017, Pixelink has launched new cameras with Sony IMX-based USB 3.0 machine vison sensors. The Pixelink PL-D795 camera is based on the Sony IMX264 sensor, has 5-MP resolution, a 2/3-in. lens format and dynamic range of 70 dB. The Pixelink PL-D799 is based on the Sony IMX267 sensor, features 9-MP resolution, a 1-in. lens format and dynamic range of 70 dB. The Pixelink PL-D7912 camera to be released is based on the Sony IMX304 sensor, has 12-MP resolution, a 1.1-in. lens format and dynamic range of 70 dB. The cameras are all based on Sony Pregius global shutter CMOS technology and will be available in color or monochrome versions.
July, 2017, Canon, world-leader in imaging solutions announced that the company will make available Public Key Infrastructure Recognition Software Version 2.0.0, an updated version of the recognition software for three Machine Vision System models: the RV1100, the RV300 and the RV500
Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow. Vendors strive to offer standard and custom designed solutions that and can provide superior performance and offer long-term service for demanding buyers. Emphasizing on quality, using the latest techniques and quality standards, insuring top quality and maximum performance manufactures try to deliver the solutions with the adept technologies, unrivalled features and based on a Technology that is on a completely different level compared to their competition.
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Regional Analysis
Public Key Infrastructure Market is growing with the positive growth in all the regions. Increasing application areas on yearly basis and advancement in technology and integration with current manufacturing environment is driving the market on global scale. Asia Pacific regions in dominating the market due to rich presence of manufacturing companies in China, India, Japan, Taiwan and South Korea. The region is also one of the prominent leader in semiconductor industry and largest exporter around the world. North America stands as second largest market for Public Key Infrastructure due to technological advancement and growing IT and semiconductor industry. The region is also home to some of the key players of Public Key Infrastructure system. Europe stands as third biggest market for Public Key Infrastructure. From the past 10 years, Germany was one of the major developer of machine vision system and the trend continued till the year 2015. Rich automotive industry in this region is one of the biggest driver which is supporting the market of machine vision. Europe Public Key Infrastructure market also sees immense potential due to the growing banking, healthcare and foods and beverage industry.
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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