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    US Public Key Infrastructure Market

    ID: MRFR/ICT/13423-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Public Key Infrastructure Market Research Report: By Solution (PIN Authentication, Enrollment Services, Inventory of Digital Identities, Secure Roaming, Self-Recovery, Self-Registration), By Deployment (Cloud-Based, On-Premise) and By End-User (Aerospace & Defense, Health & Life Sciences, Human Resources, Manufacturing, Government, BFSI, Education, Retail, Others) - Forecast to 2035

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    US Public Key Infrastructure Market Infographic
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    US Public Key Infrastructure Market Summary

    As per MRFR analysis, the US public key-infrastructure market size was estimated at 1119.76 USD Million in 2024. The US public key-infrastructure market is projected to grow from 1334.2 USD Million in 2025 to 7694.77 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 19.15% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US public key-infrastructure market is experiencing robust growth driven by increasing digital security needs and regulatory compliance.

    • The demand for digital security solutions is rising as organizations prioritize safeguarding sensitive information.
    • Integration with emerging technologies is becoming essential for enhancing the effectiveness of public key-infrastructure systems.
    • Regulatory compliance is a key focus area, compelling businesses to adopt advanced security measures.
    • Major market drivers include increasing cybersecurity threats and government initiatives that support funding for digital security enhancements.

    Market Size & Forecast

    2024 Market Size 1119.76 (USD Million)
    2035 Market Size 7694.77 (USD Million)

    Major Players

    DigiCert (US), GlobalSign (JP), Entrust (US), Sectigo (US), Thales (FR), IdenTrust (US), Comodo (GB), Keyfactor (US)

    US Public Key Infrastructure Market Trends

    The public key-infrastructure market is currently experiencing a notable evolution. This is driven by the increasing demand for secure digital communications and data protection. As organizations across various sectors recognize the necessity of safeguarding sensitive information, the adoption of public key infrastructure solutions is becoming more prevalent. This trend is further fueled by regulatory requirements and the growing awareness of cybersecurity threats. Consequently, businesses are investing in advanced cryptographic technologies to enhance their security frameworks, which appears to be a pivotal factor in shaping the market landscape. Moreover, The integration of cloud computing and the Internet of Things (IoT) into everyday operations is likely to propel the public key-infrastructure market forward. As more devices connect to the internet, the need for robust authentication and encryption mechanisms intensifies. This shift suggests that organizations are not only focusing on traditional security measures but are also exploring innovative solutions that can accommodate the complexities of modern digital environments. The ongoing advancements in technology and the increasing sophistication of cyber threats indicate that The public key-infrastructure market will continue to expand, adapting to meet the evolving needs of users and businesses.

    Rising Demand for Digital Security Solutions

    The public key-infrastructure market is witnessing a surge in demand for digital security solutions. Organizations are increasingly prioritizing the protection of sensitive data, leading to greater investments in cryptographic technologies. This trend is likely to continue as businesses seek to comply with regulatory standards and mitigate risks associated with data breaches.

    Integration with Emerging Technologies

    The integration of public key infrastructure with emerging technologies such as cloud computing and IoT is becoming more pronounced. As these technologies proliferate, the need for secure authentication and encryption methods is expected to grow. This trend indicates a shift towards more comprehensive security frameworks that can address the complexities of interconnected systems.

    Focus on Regulatory Compliance

    Regulatory compliance is a driving force in the public key-infrastructure market. Organizations are compelled to adopt robust security measures to adhere to various regulations. This focus on compliance not only enhances security but also fosters trust among consumers, suggesting that adherence to legal standards will remain a key consideration for businesses.

    US Public Key Infrastructure Market Drivers

    Emergence of IoT Devices

    The proliferation of Internet of Things (IoT) devices is creating new challenges and opportunities for the public key-infrastructure market. With billions of devices expected to be connected by 2025, the need for secure communication protocols is becoming increasingly critical. IoT devices often handle sensitive data, making them attractive targets for cybercriminals. Public key-infrastructure solutions are essential for authenticating devices and encrypting data transmitted between them. As industries such as manufacturing, healthcare, and smart cities embrace IoT technologies, the demand for public key-infrastructure to secure these networks is likely to grow, ensuring the safe operation of interconnected systems.

    Increasing Cybersecurity Threats

    The public key-infrastructure market is experiencing heightened demand due to the increasing frequency and sophistication of cyber threats. Organizations across various sectors are recognizing the necessity of robust security measures to protect sensitive data. In 2025, it is estimated that cybercrime will cost businesses globally over $10 trillion annually, prompting a shift towards advanced encryption technologies. This trend is particularly pronounced in the financial and healthcare sectors, where data breaches can lead to severe financial and reputational damage. As a result, investments in public key-infrastructure solutions are likely to surge, as companies seek to fortify their defenses against potential attacks.

    Rising Adoption of Cloud Services

    The shift towards cloud computing is significantly impacting the public key-infrastructure market. As organizations migrate their operations to the cloud, the need for secure data transmission and storage becomes paramount. In 2025, the cloud services market in the US is anticipated to exceed $500 billion, with a substantial portion of this growth driven by the demand for secure cloud solutions. Public key-infrastructure technologies are essential for ensuring data integrity and confidentiality in cloud environments. As businesses increasingly adopt hybrid and multi-cloud strategies, the reliance on public key-infrastructure for secure access and communication is likely to intensify.

    Government Initiatives and Funding

    Government initiatives aimed at enhancing national cybersecurity are significantly influencing the public key-infrastructure market. In recent years, federal agencies have allocated substantial funding to improve cybersecurity frameworks, with budgets exceeding $18 billion in 2025. This funding is directed towards developing secure communication channels and implementing encryption standards that align with public key-infrastructure protocols. Furthermore, the establishment of regulatory bodies to oversee cybersecurity practices is likely to drive demand for compliant solutions. As government mandates become more stringent, organizations will increasingly turn to public key-infrastructure technologies to meet these requirements and ensure the security of their operations.

    Growth of E-commerce and Digital Transactions

    The rapid expansion of e-commerce and digital transactions is a key driver for the public key-infrastructure market. As online shopping continues to gain traction, businesses are compelled to adopt secure payment systems to protect customer information. In 2025, e-commerce sales in the US are projected to reach $1 trillion, necessitating the implementation of robust encryption methods to safeguard transactions. Public key-infrastructure solutions play a crucial role in establishing trust between consumers and businesses, as they provide the necessary security for online communications. Consequently, the increasing reliance on digital platforms is expected to propel the demand for public key-infrastructure technologies.

    Market Segment Insights

    By Solution: PIN Authentication (Largest) vs. Self-Registration (Fastest-Growing)

    In the US public key-infrastructure market, PIN Authentication stands out as the largest segment in terms of user adoption and implementation. It has captured a significant share, driven by the increasing demand for secure authentication methods across various sectors. Enrollment Services and Inventory of Digital Identities also hold substantial portions, but they have seen relatively slower growth compared to the more dynamic segments. Secure Roaming and Self-Recovery are also notable, yet they contribute less to the overall market share. The growth trends in this segment are being propelled by advancements in technology and the urgency for stronger security measures, particularly in response to rising cyber threats. Self-Registration has emerged as the fastest-growing segment, as organizations prioritize user convenience and accessibility. The shift towards digital identities further fuels this trend, making it essential for businesses to adopt solutions that not only secure but also simplify user experiences.

    PIN Authentication: Dominant vs. Self-Registration: Emerging

    PIN Authentication is a well-established and dominant force within the US public key-infrastructure market. Its reliability and user familiarity make it an essential component for secure transactions and user verification. Organizations leverage PIN Authentication to enhance security protocols, ensuring that users can confidently access sensitive information. On the other hand, Self-Registration represents an emerging trend, focusing on user autonomy and empowerment. This segment allows users to register themselves, providing a streamlined and efficient process that reduces administrative burdens. As organizations increasingly adopt this technology, the demand for more flexible and user-friendly solutions will likely drive significant innovations and enhancements in this area.

    By Deployment: Cloud-Based (Largest) vs. On-Premise (Fastest-Growing)

    The deployment segment of the US public key-infrastructure market exhibits a clear market share distribution, with cloud-based solutions holding the largest share. Organizations are increasingly opting for the scalability and flexibility offered by cloud-based deployment options, leading to its dominant position in this segment. On-premise solutions, while historically significant, are finding their market share challenged as enterprises pivot towards more agile and cost-effective cloud solutions in the evolving digital landscape. Growth trends indicate a strong movement towards cloud-based deployments driven by the demand for enhanced data security and reduced infrastructure costs. The rapid digital transformation across industries, coupled with the rising need for secure remote access, is fueling the expansion of cloud-based services. Conversely, on-premise solutions are seeing growth as organizations with stringent compliance requirements recognize their value in maintaining control over sensitive data, thus making them a notable emerging player in the market.

    Deployment: Cloud-Based (Dominant) vs. On-Premise (Emerging)

    Cloud-based deployment in the US public key-infrastructure market is characterized by its ability to offer advanced security features, scalability, and lower operational costs, appealing to a wide range of organizations. This model allows businesses to adapt rapidly to changing technological demands without significant upfront investments, making it particularly attractive for smaller companies. On the other hand, on-premise solutions are gaining traction among enterprises that prioritize control over their infrastructure and compliance with regulatory standards. These organizations prefer the tangible security and customization that on-premise deployments provide, often deeming them essential in sectors such as finance and healthcare where data sensitivity is paramount. Thus, while cloud-based remains dominant, on-premise is emerging as a critical alternative.

    By End-User: BFSI (Largest) vs. Government (Fastest-Growing)

    Within the US public key-infrastructure market, the distribution of market share is quite diverse among various segments, with BFSI holding the largest share due to its critical need for secure data management and transaction integrity. Following BFSI, segments such as Government and Healthcare also maintain significant shares, driven by regulatory compliance and increasing cybersecurity threats. Each end-user segment plays a pivotal role in shaping the infrastructure needs and investment strategies aligned with their operational requirements. Growth trends indicate that Government end-users are the fastest-growing segment in the market, spurred by increasing demands for enhanced security measures and the adoption of digital services. The Aerospace & Defense and Health & Life Sciences sectors are also experiencing notable growth due to heightened focus on data security and technological advancements. Overall, as digital transformation escalates, investments across all segments are expected to surge, driven by evolving regulatory landscapes and the continuous emergence of sophisticated cyber threats.

    BFSI (Dominant) vs. Government (Emerging)

    The BFSI segment stands out as the dominant player in the US public key-infrastructure market, primarily due to its extensive reliance on secure communication channels and authentication methods to safeguard financial transactions and client data. This segment tends to adopt advancements in cryptographic technologies swiftly to mitigate risks associated with financial fraud and data breaches. On the other hand, the Government segment, categorized as emerging, is undergoing rapid transformation as agencies bolster their cybersecurity frameworks. This growth is powered by federal mandates, increased budget allocations for cybersecurity initiatives, and the modernization of IT infrastructures. Both segments represent vital components of the overall market ecosystem, driving innovations and improvements in public key infrastructure technologies.

    Get more detailed insights about US Public Key Infrastructure Market

    Key Players and Competitive Insights

    The public key-infrastructure market is currently characterized by a dynamic competitive landscape, driven by the increasing demand for secure digital transactions and data protection. Major players such as DigiCert (US), Entrust (US), and Sectigo (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. DigiCert (US) focuses on innovation in certificate management solutions, while Entrust (US) emphasizes its comprehensive identity and access management services. Sectigo (US), on the other hand, is leveraging partnerships to expand its service offerings, particularly in the realm of IoT security. Collectively, these strategies contribute to a competitive environment that is increasingly focused on technological advancement and customer-centric solutions.

    In terms of business tactics, companies are localizing their operations and optimizing supply chains to enhance efficiency and responsiveness to market demands. The competitive structure of the market appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of offerings, yet the presence of dominant players like DigiCert (US) and Entrust (US) suggests a competitive hierarchy that shapes market dynamics.

    In October 2025, DigiCert (US) announced a strategic partnership with a leading cloud service provider to enhance its digital certificate offerings. This collaboration is poised to streamline certificate management for cloud-based applications, thereby addressing the growing need for secure cloud environments. The strategic importance of this partnership lies in its potential to capture a larger share of the cloud security market, which is rapidly expanding as organizations migrate to cloud infrastructures.

    In September 2025, Entrust (US) launched a new suite of identity verification solutions aimed at financial institutions. This initiative is particularly significant as it aligns with the increasing regulatory requirements for identity verification in the financial sector. By positioning itself as a leader in compliance-driven solutions, Entrust (US) is likely to strengthen its foothold in a market that demands robust security measures.

    In August 2025, Sectigo (US) expanded its product line to include advanced IoT security solutions, responding to the rising concerns over IoT vulnerabilities. This strategic move not only diversifies Sectigo's offerings but also addresses a critical market need, potentially enhancing its competitive edge in a sector that is becoming increasingly important as IoT adoption accelerates.

    As of November 2025, the public key-infrastructure market is witnessing trends that emphasize digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing their service capabilities. Looking ahead, competitive differentiation is likely to evolve, shifting from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly complex market.

    Key Companies in the US Public Key Infrastructure Market market include

    Industry Developments

    In recent developments within the US Public Key Infrastructure Market, companies like DigiCert and Sectigo have been actively enhancing their security offerings to address the rising threats in cybersecurity. Notably, in October 2023, IBM announced the expansion of its cloud security solutions, incorporating advanced encryption protocols, indicating a significant step in safeguarding digital identities. The market has seen substantial growth, with companies like Hologic and Thales reporting increased demand for their certificate services, reflecting the ongoing digital transformation across various sectors.

    Furthermore, in July 2023, Amazon Web Services completed the acquisition of a cybersecurity firm, focusing on strengthening its PKI capabilities, which signifies the competitive landscape of cloud services and security integration. Over the past two years, there's been a notable surge in investments aimed at compliance with regulatory frameworks like the Federal Information Processing Standards, underscoring the critical nature of PKI solutions in public sector operations. In addition, Microsoft has ramped up its PKI features within Azure, enhancing security for enterprise customers, showcasing the ongoing innovation and adaptation within this vital market segment.

    Future Outlook

    US Public Key Infrastructure Market Future Outlook

    The public key-infrastructure market is projected to grow at a 19.15% CAGR from 2024 to 2035, driven by increasing cybersecurity demands and regulatory compliance.

    New opportunities lie in:

    • Development of advanced encryption solutions for IoT devices.
    • Integration of blockchain technology for secure transactions.
    • Expansion of managed PKI services for SMEs.

    By 2035, the market is expected to achieve substantial growth, reflecting robust demand and innovation.

    Market Segmentation

    US Public Key Infrastructure Market End-User Outlook

    • Aerospace & Defense
    • Health & Life Sciences
    • Human Resources
    • Manufacturing
    • Government
    • BFSI
    • Education
    • Retail

    US Public Key Infrastructure Market Solution Outlook

    • PIN Authentication
    • Enrollment Services
    • Inventory of Digital Identities
    • Secure Roaming
    • Self-Recovery
    • Self-Registration

    US Public Key Infrastructure Market Deployment Outlook

    • Cloud-Based
    • On-Premise

    Report Scope

    MARKET SIZE 20241119.76(USD Million)
    MARKET SIZE 20251334.2(USD Million)
    MARKET SIZE 20357694.77(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR)19.15% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Million
    Key Companies Profiled["DigiCert (US)", "GlobalSign (JP)", "Entrust (US)", "Sectigo (US)", "Thales (FR)", "IdenTrust (US)", "Comodo (GB)", "Keyfactor (US)"]
    Segments CoveredSolution, Deployment, End-User
    Key Market OpportunitiesIntegration of advanced cryptographic solutions to enhance security in digital transactions.
    Key Market DynamicsRising demand for secure digital transactions drives innovation in public key-infrastructure solutions and regulatory compliance.
    Countries CoveredUS

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    FAQs

    What is the expected market size of the US Public Key Infrastructure Market in 2024?

    The US Public Key Infrastructure Market is expected to be valued at 1.49 billion USD in 2024.

    What will be the market size of the US Public Key Infrastructure Market by 2035?

    By 2035, the market size of the US Public Key Infrastructure Market is projected to reach 5.05 billion USD.

    What is the expected CAGR for the US Public Key Infrastructure Market from 2025 to 2035?

    The expected CAGR for the US Public Key Infrastructure Market during the period from 2025 to 2035 is 11.713%.

    Which segment of the US Public Key Infrastructure Market is projected to have the highest value in 2035?

    The PIN Authentication segment is projected to have the highest market value of 1.6 billion USD in 2035.

    What is the projected market value for Enrollment Services segment by 2035?

    The Enrollment Services segment is expected to reach a market value of 1.2 billion USD by 2035.

    Which major players are key competitors in the US Public Key Infrastructure Market?

    Key players in the US Public Key Infrastructure Market include DigiCert, Hologic, IdenTrust, and Comodo among others.

    How much is the Inventory of Digital Identities segment valued at in 2024?

    The Inventory of Digital Identities segment is valued at 0.25 billion USD in 2024.

    What is the expected market size for Secure Roaming by the year 2035?

    The Secure Roaming segment is expected to have a market size of 0.85 billion USD by 2035.

    What are the expected growth drivers for the US Public Key Infrastructure Market during the forecast period?

    Growth drivers include the increasing demand for digital signatures and secure communications.

    What challenges might the US Public Key Infrastructure Market face in the upcoming years?

    Challenges may include regulatory compliance and the evolving landscape of cybersecurity threats.

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