Public Key Infrastructure (PKI) Market Research Report-Forecast to 2027

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 2027

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

1 Market Introduction

1.1 Introduction 11

1.2 Scope Of The Study 11

1.3 List Of Assumptions 12

1.4 Market Structure 12

2 Research Methodology

2.1 Research Process 14

2.2 Forecast Model 18

3 Market Dynamics

3.1 Introduction 20

3.2 Drivers 21

3.2.1 Improved Operational Efficiency 21

3.2.2 Growing Concerns Of Information Security 21

3.3 Restraints 22

3.3.1 Low-Speed During Network Traffic 22

3.4 Opportunities 22

3.4.1 Rise Of Internet Of Things (IoT) 22

4 Executive Summary

5 Market Factor Analysis

5.1 Value Chain Analysis 26

5.1.1 Platform/ Architecture Developers 26

5.1.2 Solution Providers 26

5.1.3 Service Providers/ Certification Authorities 27

5.1.4 End-Users 27

5.2 Porter’s Five Forces Model 28

5.2.1 Threat Of New Entrants 28

5.2.2 Bargaining Power Of Suppliers 28

5.2.3 Bargaining Power Of Buyers 28

5.2.4 Threat Of Substitutes 29

5.2.5 Intensity Of Rivalry 29

6 Global Public Key Infrastructure Market, By Solution

6.1 Overview 31

6.1.1 PIN Authentication 31

6.1.2 Enrolment Services 31

6.1.3 Secure Roaming 31

6.1.4 Inventory Of Digital Identities 31

6.1.5 Self-Registration 32

7 Global Public Key Infrastructure Market, By Deployment

7.1 Overview 34

7.1.1 Cloud-Based 34

7.1.2 On-Premise 34

8 Global Public Key Infrastructure Market, By End-Users

8.1 Overview 37

8.1.1 Aerospace And Defense 37

8.1.2 Health And Life Sciences 37

8.1.3 Human Resources 37

8.1.4 Manufacturing 37

8.1.5 Government 38

8.1.6 BFSI 38

8.1.7 Education 38

8.1.8 Retail 38

8.1.9 Others 38

9 Global Public Key Infrastructure Market, By Region

9.1 Introduction 41

9.2 North America 42

9.2.1 US 44

9.2.2 Canada 45

9.2.3 Mexico 46

9.3 Europe 47

9.3.1 UK 50

9.3.2 Germany 51

9.3.3 France 52

9.3.4 Rest Of Europe 53

9.4 Asia-Pacific 54

9.4.1 China 57

9.4.2 Japan 58

9.4.3 India 59

9.4.4 Rest Of Asia-Pacific 60

9.5 Rest Of The World 61

9.5.1 The Middle East & Africa 64

9.5.2 Latin America 65

10 Competitive Landscape

10.1 Competitive Overview 67

11 Company Profiles

11.1 DocuSign Inc. 69

11.1.1 Company Overview 69

11.1.2 Financial Performance 69

11.1.3 Products/Services/Solutions Offerings 69

11.1.4 Key Developments 70

11.1.5 Key Strategy 70

11.2 SIGNiX 71

11.2.1 Company Overview 71

11.2.2 Products/Services/Solutions Offerings 71

11.2.3 Key Developments 71

11.3 Gemalto NV 72

11.3.1 Company Overview 72

11.3.2 Financial Performance 72

11.3.3 Products/Services/Solutions Offerings 73

11.3.4 Key Developments 73

11.3.5 SWOT Analysis 73

11.3.6 Key Strategy 73

11.4 VeriSign Inc. 74

11.4.1 Company Overview 74

11.4.2 Financial Performance 74

11.4.3 Products/Services/Solutions Offerings 75

11.4.4 SWOT Analysis 75

11.5 Comodo Group Inc. 76

11.5.1 Company Overview 76

11.5.2 Products/Services/Solutions Offerings 76

11.5.3 Key Developments 76

11.6 Lexmark International Inc. 77

11.6.1 Company Overview 77

11.6.2 Products/Services/Solutions Offerings 77

11.6.3 Key Developments 77

11.6.4 Key Strategy 77

11.7 GoDaddy Inc. 78

11.7.1 Company Overview 78

11.7.2 Financial Overview 78

11.7.3 Products/Services/Solutions Offerings 79

11.7.4 Key Developments 79

11.7.5 SWOT Analysis 79

11.7.6 Key Strategy 79

11.8 GlobalSign 80

11.8.1 Company Overview 80

11.8.2 Products/Services/Solutions Offerings 80

11.8.3 Key Developments 80

11.8.4 Key Strategy 81

11.9 Ascertia 82

11.9.1 Company Overview 82

11.9.2 Products/Services/Solutions Offerings 82

11.9.3 Key Developments 82

11.10 Entrust Datacard Corporation 83

11.10.1 Company Overview 83

11.10.2 Products/Services/Solutions Offerings 83

11.10.3 Key Developments 83

11.10.4 Key Strategy 83

11.11 Assa Abloy Group 84

11.11.1 Company Overview 84

11.11.2 Financial Overview 84

11.11.3 Products/Services/Solutions Offerings 85

11.11.4 SWOT Analysis 85

11.11.5 Key Strategy 85


12 List Of Tables

TABLE 1 LIST OF ASSUMPTIONS 12

TABLE 2 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 35

TABLE 3 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 39

TABLE 4 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET, BY REGION, 2020-2027 (USD MILLION) 41

TABLE 5 NORTH AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020- 2027 (USD MILLION) 42

TABLE 6 NORTH AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 43

TABLE 7 NORTH AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 43

TABLE 8 US: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 44

TABLE 9 US: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 44

TABLE 10 CANADA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 45

TABLE 11 CANADA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 45

TABLE 12 MEXICO: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 46

TABLE 13 MEXICO: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 46

TABLE 14 EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020- 2027 (USD MILLION) 47

TABLE 15 EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 48

TABLE 16 EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 49

TABLE 17 UK: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 50

TABLE 18 UK: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 50

TABLE 19 GERMANY: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 51

TABLE 20 GERMANY: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 51

TABLE 21 FRANCE: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 52

TABLE 22 FRANCE: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 52

TABLE 23 REST OF EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 53

TABLE 24 REST OF EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 53

TABLE 25 ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020- 2027 (USD MILLION) 54

TABLE 26 ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 55

TABLE 27 ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 56

TABLE 28 CHINA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 57

TABLE 29 CHINA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 57

TABLE 30 JAPAN: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 58

TABLE 31 JAPAN: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 58

TABLE 32 INDIA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 59

TABLE 33 INDIA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 59

TABLE 34 REST OF ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 60

TABLE 35 REST OF ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 60

TABLE 36 REST OF THE WORLD: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020- 2027 (USD MILLION) 61

TABLE 37 REST OF THE WORLD: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 62

TABLE 38 REST OF THE WORLD: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 63

TABLE 39 THE MIDDLE EAST & AFRICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 64

TABLE 40 THE MIDDLE EAST & AFRICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 64

TABLE 41 LATIN AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 65

TABLE 42 LATIN AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020-2027 (USD MILLION) 65

13 List Of Figures

FIGURE 1 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET: MARKET STRUCTURE 12

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 17

FIGURE 3 DROC ANALYSIS OF GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET 20

FIGURE 4 DRIVER IMPACT ANALYSIS 21

FIGURE 5 VALUE CHAIN: PUBLIC KEY INFRASTRUCTURE MARKET 26

FIGURE 6 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET 28

FIGURE 7 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020 VS 2027 (USD MILLION) 35

FIGURE 8 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020 VS 2027 (USD MILLION) 39

FIGURE 9 GLOBAL PUBLIC KEY INFRASTRUCTURE MARKET, BY REGION, 2020 VS 2027 (USD MILLION) 41

FIGURE 10 NORTH AMERICA PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 42

FIGURE 11 NORTH AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020 V/S 2027 (USD MILLION) 42

FIGURE 12 NORTH AMERICA: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020 V/S 2027 (USD MILLION) 43

FIGURE 13 EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 47

FIGURE 14 EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020 V/S 2027 (USD MILLION) 48

FIGURE 15 EUROPE: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020 V/S 2027 (USD MILLION) 48

FIGURE 16 ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 54

FIGURE 17 ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020 V/S 2027 (USD MILLION) 55

FIGURE 18 ASIA-PACIFIC: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020 V/S 2027 (USD MILLION) 55

FIGURE 19 REST OF THE WORLD: PUBLIC KEY INFRASTRUCTURE MARKET, BY COUNTRY, 2020 VS 2027 (USD MILLION) 61

FIGURE 20 REST OF THE WORLD: PUBLIC KEY INFRASTRUCTURE MARKET, BY DEPLOYMENT, 2020 V/S 2027 (USD MILLION) 62

FIGURE 21 REST OF THE WORLD: PUBLIC KEY INFRASTRUCTURE MARKET, BY END-USERS, 2020 V/S 2027 (USD MILLION) 62

Public Key Infrastructure Market

The public key infrastructure ecosystem consists of various regional and local service providers that are evolving to enhance their market position. The growth of the service providers is dependent on the market conditions, government support, and industry development. It is important for the service providers to ensure secure electronic transfer of information and reduce on-going operational costs to maintain their market position and gain a competitive advantage. Thus, the service providers are focusing on research & development and product expansion and are improving operational efficiency to maintain their stronghold on the market


Service providers in the public key infrastructure market are focusing towards improving and expanding their services across the world. Entrust Datacard Corporation, Assa Abloy Group, GoDaddy Inc., VeriSign Inc., Gemalto NV among others are the major companies in the market, competing in terms of security, reliability, and service quality. Their primary focus is to upgrade the quality and diversify their value-added services on a regular basis to sustain the market. The major players have strengthened their presence worldwide through the acquisition of local and regional players for expanding their services. The improvement of the economic scenario combined with advances in technology in emerging economies like China, Japan, and South Korea, is likely to fuel the market growth and expand the public key infrastructure market.


Entrust Datacard Corporation held the highest share of 14.96% in 2017. Entrust Authority PKI enables encryption, digital signature and certificate authentication capabilities to be consistently and transparently applied across a broad range of applications and platforms. In May 2017, the company announced the release of Entrust Certificate Services 12.1. This updated version of the company’s certificate services allows the users to easily deploy, audit, manage and secure their full portfolio of digital certificates.


Assa Abloy AB held a share of 11.21% in 2017. Assa Abloy is advancing its digital workspace to enrich the user experience & secure enterprise processes and is focusing on improving its operational efficiency. The company acquired HID Corporation to leverage HID’s capabilities in the innovation and development of leading-edge technology to enhance its product portfolio. HID’s multi-factor PKI authentication combines two or more independent credential-based biometric verification to authorize access in a system using public-key encryption.


VeriSign Inc. held a share of 9.21% in 2017. VeriSign manages DNS infrastructure and is a provider of domain name service and secured internet to websites and enterprise across the globe. VeriSign is exploring new technologies to integrate them with their DNS Services. Recently, the company is working towards exploring blockchain technology to identify its potential for DNS security services.


GoDaddy Inc. held a share of 7.06% in 2017. The company is recognized as a web hosting company and provides a cloud-based web platform for small businesses, web design professionals, and individuals. GoDaddy launched TrustedSite, a new website security certification, to enable small businesses to protect their online customers better. Also, GoDaddy SSL Plans have integrated McAfee SECURE to scan and certify websites for free of cost. GoDaddy acquired Sucuri, a leading provider of website security products and services to offer business owners, a suite of security tools designed to protect their website.


DocuSign, Inc. is one of the prominent players in the public key infrastructure market, holding 5.57% share. DocuSign provides eIDAS compliant digital signature solution, including EU advanced and EU qualified signatures to businesses. Moreover, the company focuses on expanding its business by partnering and collaborating with other companies to provide better services to its customers. Recently, DocuSign acquired SpringCM, a sales software startup. This acquisition is expected to help DocuSign to expand its solution beyond e-signatures.


Although these players dominate the public key infrastructure market, other players including SIGNiX, Gemalto NV, Comodo Group, Inc., Lexmark International, Inc. also have a considerable presence in the market. These players focus on collaborating with other businesses with strong market presence to expand their market reach by diversifying their product portfolio.