Public Key Infrastructure Global Market Report 2023

“Public Key Infrastructure Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on public key infrastructure market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for public key infrastructure? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The public key infrastructure market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Component: Hardware Module; Solution; Services

• 2) By Deployment Mode: Cloud; On-Premise

• 3) By Organization Size: Large Enterprises; Small And Medium Enterprise (SME)

• 4) By Vertical: BFSI; Government and Defense; IT and Telecom; Retail; Healthcare; Manufacturing; Other Verticals

• Companies Mentioned: Thales Group; Verisign Inc.; Comodo Security Solutions Inc.; DigiCert Inc.; Airbus SE

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the public key infrastructure market are Thales Group, Verisign Inc., Comodo Security Solutions Inc., DigiCert Inc., Airbus SE, International Business Machines Corporation, Microsoft Corporation, HID Global, Amazon Web Services Inc., Google LLC, Enigma Technologies Inc., Lexmark International Inc., Docusign Inc., SunGard Signix Inc., Ascertia Limited, eMudhra, Keyfactor Inc., ACTALIS S.p.A., GlobalSign, and Appviewx Inc.

The global public key infrastructure market is expected to grow from $3.15 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 21.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The public key infrastructure market is expected to grow to $8.03 billion in 2027 at a CAGR of 20.4%.

The public key infrastructure market consists of revenues earned by entities by providing public key, private key, certificate authority, certificate store, and certificate revocation list services. The market value includes the value of related goods sold by the service provider or included within the service offering. The public key infrastructure market also includes sales of public key infrastructure hardware components required to create, manage, distribute, use, store, and revoke digital certificates and public-keys. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Public key infrastructure is a system that consists of the necessary hardware, software, personnel, guidelines, and policies to issue, manage, distribute, utilize, store, and revoke digital certificates. The public key infrastructure is used in digital signature protocols and/or data encryption techniques. Public key infrastructure aid in establishing the identity of individuals, objects, and services, enabling regulated access to systems and resources, data protection, and transaction accountability.

North America was the largest region in the public key infrastructure market in 2022. The regions covered in the public key infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main components of the public key infrastructure are hardware modules, solutions, and services. A hardware module is a secured network computer that may be utilized virtually or in the cloud and houses the cryptographic operations that public key infrastructure needs to be secure. The hardware module is used or designed to safeguard cryptographic keys. The deployment modes are cloud and on-premise which are used by large enterprises, and small and medium enterprises (SMEs) organizations in banking, financial services and insurance, government, and defense, IT and telecom, retail, healthcare, manufacturing, and other verticals.

The increase in the number of cyber frauds is driving the demand for the public key infrastructure market, going forward. Cyber frauds refer to intentional tampering with another person's online-stored personal and financial information. A public key infrastructure functions as a cybersecurity technological infrastructure that combines an HSM (hardware security module) for key storage and protection, a Root CA or Certification Authority for the issue of digital certificates, and public key cryptographic keys to encrypt data and save from cyber fraud. For instance, in March 2022, according to the Internet Crime Report 2021, published by, the Federal Bureau of Investigation, a US-based domestic intelligence and security service agency, in the USA, cybercrime complaint number reached 847,376, which was a 7% increase, as compared to 2020, in which 51,829 were about personal data breaches and 3,23,972 were about phishing, however, the potential loss recorded was around, $6.9 billion. Therefore, the increase in the number of cyber frauds will drive the growth of the public key infrastructure market.

Technological advancement is a key trend gaining popularity in the public key infrastructure market. Major players in the public key infrastructure market are focused on technological advancement to sustain their marketplace. For an instance, in August 2021, Keyfactor, a US-based company offering public key infrastructure (PKI) as-a-service launched Certificate Lifecycle Automation as-a-Service (CLAaaS) Platform. The CLAaaS platform is integrated with a new cloud-native solution to handle certificate administration in intricate hybrid and multi-cloud systems with stringent regulatory and policy requirements. Keyfactor CLA as a service facilitates turnkey deployment, on-premises PKI, full automation, low friction, hybrid, and scalable PKI.

In January 2021, Entrust Corp, a US-based company engaged in software development acquired HyTrust Inc for an undisclosed amount. With this acquisition, Entrust's digital security solutions now include a crucial management layer for encryption, cryptographic keys, and cloud security policies, supporting the data protection and compliance requirements of businesses advancing their digital transformations. HyTrust Inc is a US-based company that offers cutting-edge cloud security posture monitoring, virtualized and multi-cloud data encryption, and key management technologies.

The countries covered in the public key infrastructure market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The public key infrastructure market research report is one of a series of new reports from The Business Research Company that provides public key infrastructure market statistics, including public key infrastructure industry global market size, regional shares, competitors with public key infrastructure market share, detailed public key infrastructure market segments, market trends, and opportunities, and any further data you may need to thrive in the public key infrastructure industry. This public key infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.