Public Key Infrastructure Market is driven by Rising Security Concerns Worldwide

Pune, India, October, 2018 /press release/- Market Research Future Published a Cooked Research Report on Public Key Infrastructure Market Research Report.

As per the latest study conducted by Market Research Future (MRFR), the global market for public key infrastructure (PKI) market will surge at a CAGR of 18.79% during the forecast period (2024-2032). PKI is a next-gen technology that integrates various points for networks to form safe and encrypted communication channels. PKI facilitates the management of private and public keys and digital certifications. PKI is used by individuals and organization to develop and maintain a secure and trustworthy networking environment.

Businesses and public bodies are opting for such advanced communication networks to achieve higher scalability and improve operational efficiency. PKI is a reliable, efficient, cost-effective, secure, and authentic method of creating authorization system for transferring of data and making transaction via digital platforms. Today, businesses are focusing on securing their intellectual property more than ever-before, which is driving the demand for technologies such as PKI. It provides organization with robust security through document authentication & encryption process as well as enables cost savings, time savings, and delivery of better customer service.

Deployment of PKI eliminates the precarious traditional means of authentication processes that are supported by mails or fax signatures. Much of the PKI’s success can be credited to the rapid growth of the IoT ecosystem. Internet has connected nearly all systems, technologies and devices. This has led to the development of more rampant machine-to-machine and man-to-machine communication where PKI plays an important role. With the expansion of IoT, industries are becoming more aware about importance of security.

MRFR’s study suggest that around 50 billion to 150 billion devices could be connected to the Internet in the coming years which would pave the way for developments associated with security and authentication technologies. Though there are endless opportunities in IoT, it remains a prime target for hackers and cyber criminals. Scalable and flexible attributes of PKI makes it an apt tool for supporting and securing -connected devices in IoT ecosystem.

Global Public Key Infrastructure Market: Segmental Analysis

The study includes a segmental analysis of the market based on solution, deployment, end-user and region. On the basis of solution, the market is segmented into PIN authentication, enrolment services, secure roaming, self-recovery, self-registration, and others. Over the years, significant progress has been made in developing public key infrastructure, which has created tremendous opportunities for various types of PKI solutions. Such solutions are used for managing digital certificates and encryption keys for people, programs, and systems.  Based on deployment models, the market has been segmented into cloud-based and on-premise. Among these, the cloud-based segment is expected to outperform the on-premise segment. This is primarily owing to the higher adoption rate of PKI cloud deployment. The  cloud-based segment is projected to exhibit a healthy growth rate during the forecast period. On the basis of end-user, the market has been segmented into healthcare  and life sciences, human resources, manufacturing, government and defense, BFSI, education and research, and others. The BFSI segment is expected to account a significant share of the market in 2018.

Global Public Key Infrastructure Market:

Regional Analysis

The PKI market has been covered across five key regions, including North America, Europe, the Middle East & Africa (MEA), South America and Asia Pacific (APAC). North currently accounts for the largest market share and trend is expected to continue beyond 2018. Presence of an established technology sector can be linked with the region’s market dominance. Following on the hills of North America, APAC and Europe are other two important markets for PKI.

Global Public Key Infrastructure Market: Competitive Landscape

Some of the notable companies operating in the market include Ascertia, Lexmark International Inc., SIGNiX, VeriSign Inc., GoDaddy Inc., GlobalSign, Entrust Datacard Corporation, Assa Abloy Group, DocuSign Inc, Gemalto NV, and Comodo Group Inc.,

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.