Public key infrastructure (PKI) is a technology for creation, utilization, management, and storage of digital certificates and public key encryption. Concerns over personal information and data privacy concerns have evoked its deployment across digital networks. The Public Key Infrastructure Market report by Market Research Future (MRFR) covers trends, drivers, and new growth opportunities for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its implications on the industry are duly noted in the report.

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Segmentation:

The global public key infrastructure market is segmented on the basis of solution, deployment, end use, and region.

By solution, the global public key infrastructure market is segmented into PIN authentication, enrolment services, secure roaming, inventory of digital identities, and self-registration.

By deployment, the global public key infrastructure market is segmented into cloud-based and on-premise. The cloud-based segment currently dominates the global public key infrastructure market due to its lower costs and high convenience for clients. However, the growing demand for on-premise public key infrastructure is likely to be a key trend in the global public key infrastructure market over the forecast period.

By end use, the global public key infrastructure market is segmented into aerospace and defense, health and life sciences, human resources, manufacturing, government, BFSI, education, retail, and others.

Market Scope

The global PKI Industry was valued at USD 639.1 Mn in 2017 and is expected to register a CAGR of 21.12% during the forecast period. Rapid adoption of the internet and a growing consumer base are key drivers of the market. Concerns of cyber threats and protection of digital assets can drive its demand in the coming years. Adoption of cloud, rise in financial transactions, and proliferation of information technology can influence the market.

Technological advances such as 5G, adoption of IoT, and conducive environment for transfer of large volumes of data can beckon the market. Adoption of secure sockets layer (SSL) certificates for encryption and authentication of information for verification of entities can induce the demand for PKI market. PKI verifies the identities of parties involved in data transfer and encrypts information over a secure network.

Regional Analysis:

North America currently dominates the global public key infrastructure market and is likely to retain the leading position over the forecast period, due to the growing demand for strong encryption in the region. The increasing importance of email privacy and the increasing wariness exhibited by consumers towards government surveillance in the region are major drivers for the public key infrastructure market in the region.

Competitive Landscape

GoDaddy Inc., VeriSign Inc., Entrust Datacard Corporation, Assa Abloy Group, and Gemalto NV are key players of the public key infrastructure market.

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