The Public Key Infrastructure Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Public Key Infrastructure Global Market Report 2024, The public key infrastructure market size has grown exponentially in recent years. It will grow from $3.85 billion in 2023 to $4.69 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to security concerns, regulatory compliance, digital transformation initiatives, e-commerce growth, increasing interconnectedness.
The public key infrastructure market size is expected to see exponential growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to iot proliferation, blockchain integration, quantum-safe cryptography, rapid digitalization, focus on user privacy.. Major trends in the forecast period include blockchain integration for certificate transparency, shift towards managed pki services, implementation of zero trust security frameworks, enhanced certificate lifecycle management, regulatory compliance requirements.
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.
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The public key infrastructure market covered in this report is segmented –
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
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.
The public key infrastructure market report table of contents includes:
1. Executive Summary
2. Public Key Infrastructure Market Characteristics
3. Public Key Infrastructure Market Trends And Strategies
4. Public Key Infrastructure Market – Macro Economic Scenario
5. Global Public Key Infrastructure Market Size and Growth
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26. South America Public Key Infrastructure Market
27. Brazil Public Key Infrastructure Market
28. Middle East Public Key Infrastructure Market
29. Africa Public Key Infrastructure Market
30. Public Key Infrastructure Market Competitive Landscape And Company Profiles
Top Major Players:
- EcoWater Systems LLC
- Kinetico Incorporated
- Hydroflux Pty Ltd
- Envicare Technologies Pvt. Ltd
- Wychwood Water Systems Ltd
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