Public Key Infrastructure (PKI) Market Research Report-Forecast to 2030

Public Key Infrastructure Market By Solution (PIN Authentication, Enrollment Services, Inventory of Digital Identities, Secure Roaming, Self-Recovery, Self-Registration), Deployment (Cloud-Based, On-Premise), End-User (Aerospace and Defense, Health and Life Sciences, Human Resources, Manufacturing, Government, BFSI, Education, Retail, and Others) -Global Forecast to 2030

ID: MRFR/ICT/2438-CR | October 2018 | Region: Global | 86 Pages         

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Public Key Infrastructure Market

Public Key Infrastructure (PKI) Market size can expand at 21.74% CAGR over the forecast period (2020-2030)
Market Size
Dominating Region
Forecast Period
$21.25 Billion
North American
By Solution
By Deployment
By End-User
  • PIN Authentication
  • Enrollment Services
  • Inventory of Digital Identities
  • Secure Roaming
  • Self-Recovery
  • Self-Registration
  • Cloud-Based
  • On-Premise
  • Aerospace and Defense
  • Health and Life Sciences
  • Human Resources
  • Manufacturing
  • Government
  • BFSI
  • Education
  • Retail
  • and Others
Companies Profiled
Key Players
Verisign inc. (u.s.)
Comodo group inc. (u.s.)
Globalsign (belgium)
Assa abloy group (sweden)
Ascertia (u.s.)
Lexmark international inc. (u.s.)
Docusign inc (u.s.)
Signix (u.s.)
Godaddy inc. (u.s.)
Entrust datacard corporation (u.s.)
Market Driving Forces
Private and public keys help in protecting the user’s information
The market operations help to achieve secure communication
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Public Key Infrastructure Market Overview:

The public key infrastructure (pki) market is likely to experience good growth based on its market operations during the forecast period. Public Key Infrastructure (PKI) Market size can expand at 21.74% CAGR over the forecast period (2020-2030), asserts Market Research Future (MRFR) in its latest report. The Public Key Infrastructure Market value is expected to reach USD 21.25 billion, growing at a 21.74% CAGR over the forecast period (2020-2030). Hence, these factors promise a good growth graph for the market operations during the forecast period that ends in 2030.

Pki can be understood as a security technology framework of both encryption and cybersecurity that helps in securing the communications between the server and clients.

Covid 19 Analysis:The pandemic has introduced new struggles for the industry and business verticles and has urged the companies to come up with creative and innovative ideas to generate sales and revenue. The shift of online dependence for necessities to luxuries from the customers and target audience has initiated the development of infrastructure to maintain a proper flow of communication and meet the data safety and security standards. The government is imposing a lockdown which is pushing the people to opt for opting alternate methods to cater to their demand. The online modes require the target audience to fill in their details and establish communications whenever they seek assistance and help.

The government is investing in verticals and departments like research and development to come forward with solutions that act as a protective guide amongst the organizations and help them safeguard the interests, services, and data from malware and file-based attacks. Also, the market players are open to mergers and acquisitions. 

Public Key Infrastructure Market Dynamics Drivers:The private and public keys help in protecting the user’s information from tampering or threats related to theft. Also, the market operations help to achieve secure communication. The companies are aiming to adopt secure sockets layer (ssl) that uses the infrastructure for authentication and encryption.

Opportunities:The technology functions by making use of 2 cryptographic keys which are public and private. For communication on the website, the public key has to be supplemented with the private one so that there is a development of trust from the party’s end. 

Technology Analysis:Many certifications that have been issued by the authorities are trusted and can also help in the authentication of entities. The trust hierarchy that helps in issuing the digital certifications inclusive of various entities like root certificate authority, issuing certificate authorities, and intermediate certificate authorities. The solutions rendered by the market operations help in securing communications by encrypting the data flow and also ensure continuous compliance, as well. The market defines a proper set of roles, procedures, and policies that are used for the creation, distribution, and management of digital certifications and encryptions.

Study Objectives:

  • to examine the viewpoints of various industry experts and leaders and calculate compound annual growth rate and market growth rate by the end of the global forecast in 2028.

  • to highlight a competitive market outlook and observe the yield models of key market players, worldwide.

  • to analyze the different market dynamics like trends, drivers, and restraints that are most likely to play a role in helping the market and its different segments growing in the domestic as well as international market.

Public Key Infrastructure Market Segment Overview:Public key infrastructure (pki) market share is foreseen to witness significant growth owing to the performance of different market segments. Among these, the government segment will be the fastest-growing and also be responsible for the growth of this market more than any other segment. The reason for this is the high demand for security to protect highly sensitive government information. Also, the aerospace and defense segment will witness significant growth during the assessment period. The bfsi segment is anticipated to expand at the highest cagr growth of 23.84% among the end-users segment as this sector handles high volumes of sensitive data. If we look at the deployment segment then the adoption rate of cloud-based deployment is much higher than on-premise deployment due to more scalability of this platform and more cost-effectiveness. For magnifying use the market has been segmented into the following on different bases:

Based on the solution, it has secure roaming, self-registration, enrolment of services, pin authentication, and inventory of digital identities.

Based on deployment, it has on-premise and cloud-based.

Based on end-user, it has bfsi, retail, manufacturing, education, government, human resources, health and life sciences, aerospace and defense, and others.

Public Key Infrastructure Regional Analysis:The public key infrastructure (pki) industry movement is remarkably working in 4 major regions of the world that is north america, asia pacific, europe, and the rest of the world. Among all these regions, the north american region will dominate this market, and the reason attributed to it is the high use of public key infrastructure (pki) solutions by the government sector of this region. Also most of the key players of this market such as verisign inc., comodo group inc., international business machines corporation, microsoft corporation, etc. Are established and present in this region which is another factor that will enhance the expansion of this market. The north american region is expected to grow at 20.71% during the assessment period. In addition to this, north america was valued at usd 239. 7 million in 2017 and is foreseen to be valued at usd 530 million by the end of the forecast period. Asia pacific region will be the second-largest market and will grow with the highest cagr of 23.38% during the evaluation period. China will be accounted for the largest market share of this region valued at usd 378.6 million by the end of 2028 followed by japan and then india.

Competitive Landscape:To get an extreme and profound idea about the public key infrastructure (pki) market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the world. The global market players are competing in the international markets with the help of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of this market include:-

  • Verisign inc. (u.s.)

  • Comodo group inc. (u.s.)

  • Globalsign (belgium)

  • Assa abloy group (sweden)

  • Ascertia (u.s.)

  • Lexmark international inc. (u.s.)

  • Docusign inc (u.s.)

  • Signix (u.s.)

  • Godaddy inc. (u.s.)

  • Entrust datacard corporation (u.s.)

  • Gemalto nv (france)

  • Nexus group (sweden)

  • Digicert inc. (us)

  • Futurex (us)

  • Lobalsign (uk)

  • Wisekey (switzerland)

  • com (us)

  • Airbus s.a.s. (netherlands)

  • Emudhra (india)

  • Actalis (italy)

  • Harica (greece)

  • Securemetric (malaysia)

  • Enigma (poland)

  • Emudhra (india)

  • International business machines corporation (us)

  • Microsoft corporation (us)

  • Securemetric (malaysia)

Recent Developments:The north american market is home to regions like the us and canada that are witnessing an early adoption of the market services and solutions which is being backed by the constant functioning of market vendors that help the market grow during the period that ends in 2028.

The bfsi market segment was known to hold the largest market share for the historic period that ended in 2019. Similar trends are expected to flow during the current forecast period of 2021-2028 for the market operations as this is the most targeted industry vertical. The widespread market dealing in large data volumes that are a combination of both private and sensitive financial data provides splendid opportunities for expansion, growth, and enhancement of the services belonging to the global market. The apac region of the market is aiming for developing a huge demand for pki solutions that ensure a high degree of irreversible security. The market is home to an array of services provided by banks and other financial institutions and hence, the need is to comply with the emergence of security requirements that enhance the functioning of the global market operations.

Intended Audience:

  • Providers of public key infrastructure

  • Public key infrastructure companies

  • Cybersecurity providers

  • It enterprises

  • System integrators and third-party vendors

  • Government bodies

  • Technology investors  

  • Research institutes and organizations

  • Market research and consulting firms

  • End-users/enterprise-users

  • Managed service providers (msps)

Report Overview:The public key infrastructure (pki) industry report presents a drift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The report tells us about the impact of covid-19 on the key players of this market. The report makes us aware of the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in this industry.

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 21.25 Billion
  CAGR   21.74%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Deployment, End-User
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Verisign inc. (u.s.) Comodo group inc. (u.s.) Globalsign (belgium) Assa abloy group (sweden) Ascertia (u.s.) Lexmark international inc. (u.s.) Docusign inc (u.s.) Signix (u.s.) Godaddy inc. (u.s.) Entrust datacard corporation (u.s.)
  Key Market Opportunities   The technology functions by making use of 2 cryptographic keys which are public and private.
  Key Market Drivers   The private and public keys help in protecting the user’s information from tampering or threats related to theft.

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Frequently Asked Questions (FAQ) :

The public key infrastructure market value is expected to hit USD 21.25 Billion by the end of 2030.

The public Key Infrastructure (PKI) Market size can expand at 21.74% CAGR over the forecast period (2020-2030).

Lexmark International Inc., Entrust Datacard Corporation, VeriSign Inc., and SIGNiX are some reputed names in the public key infrastructure market.

The growing adoption of on-premise public key infrastructure can boost the market expansion.

The North America public key infrastructure market can achieve lucrative revenue in years to come states MRFR.