Public Key Infrastructure (PKI) Market Size, Share and Growth Forecast

Executive Summary Public Key Infrastructure (PKI) Market Size and Share Forecast

• The global public key infrastructure (PKI) market size was valued at USD 7.18 billion in 2024 and is expected to reach USD 13.66 billion by 2032, at a CAGR of 8.37% during the forecast period.

This Public Key Infrastructure (PKI) Market research report is a great resource that makes available current as well as upcoming technical and financial details of the Public Key Infrastructure (PKI) Market industry for the forecast period. A market research report is truly a backbone for every business that wishes to prosper in the market. The report displays current and future market trends and carries out analysis of the influence of buyers, substitutes, new entrants, competitors, and suppliers on the market. Furthermore, the data, facts, and figures collected to generate this Public Key Infrastructure (PKI) Market report are obtained from trustworthy sources such as websites, journals, mergers, newspapers, and other authentic sources.

What is more, emerging product trends, major drivers, challenges, and opportunities in the market are evaluated exactly while generating this Public Key Infrastructure (PKI) Market report. A few of the key factors underlined in this market report are market definition, market segmentation, competitive analysis, and research methodology. Because businesses can accomplish great benefits with the different segments covered in the market research report, every bit of the market that can be included here is touched vigilantly. The Public Key Infrastructure (PKI) report is generated with the systematic gathering and analysis of information about individuals or organizations, which is carried out through social and opinion research.

Gain clarity on industry shifts, growth areas, and forecasts in our Public Key Infrastructure (PKI) Market report. Get your copy:
https://www.databridgemarketresearch.com/reports/global-public-key-infrastructure-pki-market

Public Key Infrastructure (PKI) Market Review

Segments

- By Component
- Hardware
- Software
- Services

- By Deployment Mode
- Cloud
- On-Premises

- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises

- By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Government and Defense
- IT and Telecom
- Retail
- Others

Market Players

- DigiCert, Inc.
- Gemalto
- IBM Corporation
- Thales Group
- Entrust Datacard Corporation
- Futurex
- Verisign, Inc.
- ACTALIS
- Securemetric Technology
- WISeKey

The global public key infrastructure (PKI) market is witnessing significant growth due to the increasing adoption of digital technology and the rising need for secure communication and data transfer across various industry verticals. The market is segmented based on components, deployment modes, organization sizes, and industry verticals. The components include hardware, software, and services, with software dominating the market due to the growing demand for encryption and digital signature solutions. Deployment modes consist of cloud and on-premises solutions, with organizations opting for cloud-based PKI for flexibility and scalability. In terms of organization size, both small and medium-sized enterprises (SMEs) and large enterprises are implementing PKI solutions to enhance their cybersecurity posture.

In terms of industry verticals, the banking, financial services, and insurance (BFSI) sector hold a significant share in the market due to the sensitive nature of financial transactions and data. Healthcare is also a key vertical driving PKI adoption as the sector deals with sensitive patient information that requires stringent security measures. Government and defense sectors are increasingly implementing PKI solutions to safeguard critical national data and communications. The IT and telecom sector is leveraging PKI for secure online transactions and communications. Retail is another vertical witnessing growth in PKI adoption to secure customer data and transactions, especially in e-commerce platforms.

Key market players in the global PKI market include DigiCert, Inc., Gemalto, IBM Corporation, Thales Group, Entrust Datacard Corporation, Futurex, Verisign, Inc., ACTALIS, Securemetric Technology, and WISeKey. These players are focusing on strategic partnerships, product innovations, and acquisitions to strengthen their market presence and offer advanced PKI solutions to customers worldwide. The market is highly competitive, with companies investing in research and development to enhance their product offerings and cater to the evolving cybersecurity needs of organizations across various sectors.

The global public key infrastructure (PKI) market is poised for continued growth driven by the increasing shift towards digitalization and the escalating cybersecurity threats faced by organizations across different industry verticals. As businesses and governments worldwide continue to embrace digital technologies for communication and data transfer, the demand for robust PKI solutions is on the rise. PKI plays a crucial role in ensuring secure and authenticated communication channels, protecting sensitive information, and enabling secure transactions in sectors such as BFSI, healthcare, government, IT, telecom, and retail.

Market trends indicate a growing preference for cloud-based PKI solutions due to their scalability, cost-effectiveness, and agility in responding to dynamic security requirements. The cloud deployment model offers organizations the flexibility to scale their PKI infrastructure based on demand while ensuring seamless integration with existing IT systems. The adoption of PKI by both small and medium-sized enterprises (SMEs) and large enterprises underscores the universal need for robust cybersecurity measures across organizations of varying sizes and complexities.

In the competitive landscape of the PKI market, leading players such as DigiCert, Gemalto, IBM Corporation, Thales Group, and others are continuously innovating their product offerings to address evolving security challenges and regulatory requirements. Strategic partnerships and acquisitions are key strategies employed by market players to expand their customer base, enhance product portfolios, and strengthen their market presence globally. Furthermore, advancements in encryption technologies, identity management solutions, and certificate lifecycle management are shaping the future trajectory of the PKI market.

One emerging trend in the PKI market is the growing emphasis on the Internet of Things (IoT) security, as the proliferation of connected devices poses new cybersecurity risks to businesses and individuals. PKI solutions are increasingly being integrated into IoT ecosystems to secure device identities, authenticate connections, and encrypt data transmissions in IoT networks. This convergence of PKI with IoT technologies presents significant opportunities for market players to offer comprehensive security solutions that address the unique challenges posed by the IoT landscape.

Overall, the global PKI market is poised for sustained growth driven by the increasing digitization of business operations, rising cybersecurity concerns, and regulatory mandates for data protection. As organizations across industry verticals prioritize secure communication and data integrity, the demand for advanced PKI solutions is expected to escalate, presenting lucrative opportunities for market players to innovate, collaborate, and deliver cutting-edge security solutions to meet the evolving needs of the digital era.The global public key infrastructure (PKI) market is experiencing rapid growth fueled by the expanding adoption of digital technologies and the escalating need for secure communication and data transfer across various industry verticals. One of the key drivers of this growth is the increasing shift towards digitalization, with organizations worldwide embracing digital technologies for enhanced productivity and efficiency. As businesses and governments continue to digitalize their operations, the demand for robust PKI solutions to ensure secure and authenticated communication channels is on the rise.

Furthermore, the heightened cybersecurity threats faced by organizations across different sectors have propelled the adoption of PKI solutions to safeguard sensitive information and protect against potential data breaches. PKI plays a pivotal role in securing digital transactions, communications, and information exchange, making it an essential component of organizations' cybersecurity strategies. This growing emphasis on data security and privacy regulations is driving the demand for advanced PKI solutions that offer encryption, digital signatures, and certificate management functionalities.

Moreover, with the increasing complexity and sophistication of cyber threats, organizations are looking for comprehensive security solutions that can effectively mitigate risks and secure their digital assets. PKI solutions provide a robust framework for establishing trust in digital communications, verifying the identities of users and devices, and ensuring the integrity and confidentiality of data exchanges. As a result, PKI has become a critical enabler of secure online transactions, secure access control, and secure data transmission in various industry sectors.

In addition to traditional sectors like BFSI, healthcare, government, IT, telecom, and retail, the PKI market is also witnessing significant growth in emerging areas such as IoT security. The proliferation of connected devices in IoT ecosystems has raised new cybersecurity challenges related to device identity management, data encryption, and secure communication protocols. PKI solutions are increasingly being integrated into IoT environments to address these challenges and provide a secure foundation for IoT deployments.

Overall, the global PKI market is poised for continued expansion as organizations across industry verticals prioritize cybersecurity and data protection in an increasingly digital world. Market players are focusing on innovation, strategic partnerships, and product enhancements to address evolving security threats and regulatory requirements. With the escalating demand for advanced PKI solutions that can secure digital communications and transactions, the market presents lucrative opportunities for growth and innovation in the cybersecurity landscape.

Uncover the company’s portion of market ownership
https://www.databridgemarketresearch.com/reports/global-public-key-infrastructure-pki-market/companies

Structured Market Research Questions for Public Key Infrastructure (PKI) Market

• What is the present size of the global Public Key Infrastructure (PKI) industry?
• What annual growth rate is projected for the Public Key Infrastructure (PKI) sector?
• What are the main segment divisions in the Public Key Infrastructure (PKI) Market report?
• Who are the established players in the global Public Key Infrastructure (PKI) Market?
• What geographic areas are explored in the Public Key Infrastructure (PKI) Market report?
• Who are the leading manufacturers and service providers for Public Key Infrastructure (PKI) Market?

Browse More Reports:

 Global Drone Taxi Market
 Global Dunnage Air Bags Market
 Global Echinococcosis Treatment Market
 Global Electricwheel Chair Market
 Global Ethylene Glycol Market
 Global Fetal Bovine SerumMarket
 Global Fumaric Acid Market
 Global Functional Water Market
 Global GLP-1 Analogues Market
 Global Golf Shoes Market
 Global Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market
 Global Healthcare Operational Analytics Services Market
 Global High Altitude Platforms Market
 Global HIV and Hepatitis Testing Market
 Global Hospice Market

About Data Bridge Market Research:

An absolute way to forecast what the future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Contact Us:
Data Bridge Market Research
US: +1 614 591 3140
UK: +44 845 154 9652
APAC : +653 1251 975
Email:- corporatesales@databridgemarketresearch.com

 "