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Global Public Key Infrastructure (PKI) Market was Valued at US$ 3.9 Bn in 2021, Growing at an Estimated CAGR of 22.5% over the Forecast Period (2022 – 2030); A Report by Absolute Markets Insights

Published On 19 Jul 2022 05:04 PM


In the last couple of years, many industries are rampantly adopting public key infrastructure solutions. Also known as PKI solutions or system, it is a process in terms of authorization of data that is being shared or transacted in between the receiver and sender by providing safety with public and private keys.  All this is approved by central authorities via digital certificates. The recent COVID-19 pandemic proved beneficial for the public key infrastructure (PKI) market. Rising adoption of public key infrastructure systems in the times where social distancing has been normalized and many companies are turning towards e-commerce extensively helps in the growth of this market. Also several government regulations post coronavirus pandemic are forcing businesses to turn towards public key infrastructure solutions.

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Several factors are driving the growth of the public key infrastructure (PKI) market. One of them is surging demand for digital authentication in terms of safeguarding organizational infrastructure that has expanded due to growing digitalization across several industries. Also the fact that concerns related to loss of critical data also contributes to the growth of this market. Several industries are adopting public key infrastructure solutions to function smoothly and safeguard sensitive data. The same factor that makes drives the growth of the public key infrastructure (PKI) market also is likely to prove hindrance in its progress. In case of deployment through cloud, the data which is sensitive in nature becomes more vulnerable and prone to cyber-attacks. This is exactly why, there is a segment of businesses which are skeptical about adopting public key infrastructure solutions. Setting up private certificate authorities draws attention of hacker or cyber attackers and this also dents the growth of this market.

On the other hand, jump in the need for digital certificates across the globe allows several enterprises to encrypt data, along with creation of digitally signed certificates and verification of users will drive the growth of the public key infrastructure (PKI) market over the forecast period.

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Report Findings – Global Public Key Infrastructure (PKI) Market:       

  • The services segment of the public key infrastructure (PKI) market is divided into two types, professional services and managed services will be seeing growth at the fastest rate due to recurring nature of revenue it generates.
  • The cloud segment of the public key infrastructure (PKI) market will be witnessing growth at the fastest growth. Ease of installation along with lower costs and accessibility will contribute to this segment’s success.
  • The region of Asia Pacific is forecasted to witness growth at the fastest rate for the public key infrastructure (PKI) market. Countries like India are now turning towards complete digitalization and are pressing majority of businesses to have an online presence. This drives the growth of this market in the region.  

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Key Players - Global Public Key Infrastructure (PKI) Market:

  • Amazon Web Services, Inc.
  • Ascertia
  • DigiCert, Inc
  • Encryption Consulting LLC.
  • ENIGMA Systems Ochrony Informacji
  • Entrust Corporation
  • Futurex
  • HID Global Corporation
  • IBM
  • Keyfactor
  • Securemetric Berhad
  • Thales
  • Venafi, Inc.
  • WiseKey INCRYPT
  • Other Market Participants

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Global Public Key Infrastructure (PKI) Market

By Offering                            

  • Hardware
  • Solutions
  • Services
    • Professional Services
    • Managed Services

By Deployment Type

  • Cloud
  • On Premise

By Organization size

  • Small and Medium Organizations
  • Large Organizations

By End User Industry

  • Banking, Financial Services and Insurance
  • Government
  • Healthcare
  • Education
  • Retail
  • Manufacturing
  • Automotive
  • IT and Telecommunication
  • Energy
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)  

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Press Release Provided By: Absolute Markets Insights