The public key infrastructure market was valued at US$ 3.26 billion in 2022 and is expected to reach US$ 11.55 billion by 2030; it is estimated to record a CAGR of 17.1% from 2022 to 2030.
With the increasing trend of digital certificates, PKI is witnessing a huge adoption in various applications. Digital certificate authentication helps various organizations to ensure that only trusted devices and users are being connected to the networks. Also, digital certificates are widely used in SSL certificates for public-facing websites & services, VPN & private networks, public cloud-based applications, email security, device authentication, enterprise user authentication, document signing, private cloud-based applications, and code signing, among others.
Over the past few years, the rise in cloud applications such as IoT and the growing use of digital certificates have been raising the demand for PKI globally, fueling the growth of the public key infrastructure market. In addition, the cloud PKI solutions offer a number of benefits, including increased security, lower total cost of ownership (TCO), and easier certificate management, boosting the growth of the public key infrastructure market. Also, PKI is expected to continue to play a major role in the sales of mobiles to ensure device identity, authentication, and trust anchoring. With the rise in the number of organizations that use certificates for secure mobile connection to Wi-Fi and VPN networks, PKI is implemented to meet the increased demand for the safe, secure transmission of all kinds of data. Thus, the increasing use of digital certificates for various applications is expected to propel the public key infrastructure market growth in the coming years.
The increasing cases of cyberattacks in the country have encouraged the government to invest in technologies and solutions to strengthen security, fueling the growth of the public key infrastructure market in the US. In June 2022, the US announced new spending bills for the fiscal year 2023, which include an allocation of US$ 15.6 billion for cybersecurity, an increase from 2021 figure, which was US$ 8.64 billion. In 2021, state legislative sessions experienced more than 285 pieces of cybersecurity-related legislation introduced, and in 2022, the number rose to 300. In addition, the US President introduced the Infrastructure Investment and Jobs Act in 2021, which allocated US$ 1 billion in grants to boost cybersecurity at the local, state, tribal, and territorial levels. The government will distribute this amount over four years until 2025. Thus, such government investments to strengthen cybersecurity fuel the adoption of various measures, which further aid the US public key infrastructure market expansion.
Germany is among the countries that have been persistently adopting and investing in advanced technologies, leading to the increasing deployment of IoT technology. In addition, due to the shift toward Industry 4.0, the country is continuously boosting digitization across multiple sectors. This rise in the deployment of IoT and growing digitization may lead to a rise in cyberattacks in the country. According to the AAG, in 2022, 72.6% of German organizations suffered at least one cyberattack. Because of this, the government authorities of the country have been on high alert for cyberattacks and related crimes, leading to an increase in cybersecurity investment, thereby boosting the public key infrastructure market growth in Germany.
Public key infrastructure has become prevalent to protect networks, data, and critical business systems. Online banking, e-commerce, and cloud computing all depend on the use of digital certificates to represent the digital identity of users. The UK government constantly focuses on implementing PKI technology to protect IT systems. According to IT Governance UK, in 2022, 1,063 security incidents were discovered, which accounted for 480,014,323 breached records. Due to such growing data breach incidents in the country, UK organizations are increasing their IT security spending. Because of this, various industries in the country are inclined toward adopting PKI solutions and services, fueling the growth of the public key infrastructure market in the UK.
DigiCert Inc, eMudhra Limited, Enigma System Ochrony, Entrust Corporation, Fortinet Inc, FutureX, GlobalSign, Sectigo Ltd, Securemetric Bhd, and Thales SA are among the key public key infrastructure market players profiled in the report. Several other major public key infrastructure market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The public key infrastructure market report provides detailed market insights, which helps the key players strategize their growth.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the public key infrastructure market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the public key infrastructure market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Public Key Infrastructure Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain:
- 4.4 Premium Insights
- 4.4.1 Strengths and Weakness of Public Key Infrastructure
- 4.4.1.1 Strength
- 4.4.1.2 Weakness
- 4.4.2 Blockchain and Public Key Infrastructure
5. Public Key Infrastructure Market - Key Industry Dynamics
- 5.1 Public Key Infrastructure Market - Key Industry Dynamics
- 5.2 Market Drivers
- 5.2.1 Increasing Cybersecurity Threats Across Industries
- 5.2.2 Growing Logistics and E-Commerce Sectors
- 5.2.3 Increasing Number of Connected Devices
- 5.3 Market Restraints
- 5.3.1 Lack of Technically Skilled Professionals
- 5.4 Market Opportunities
- 5.4.1 Increasing Adoption of Public Key Infrastructure in Government-to-Citizen Applications
- 5.5 Future Trends
- 5.5.1 Increasing Use of Digital Certificates in Various Applications
- 5.6 Impact of Drivers and Restraints:
6. Public Key Infrastructure Market - Global Market Analysis
- 6.1 Public Key Infrastructure Market Revenue (US$ Million), 2022 - 2030
- 6.2 Public Key Infrastructure Market Forecast and Analysis
7. Public Key Infrastructure Market Analysis - Component
- 7.1 Solutions
- 7.1.1 Overview
- 7.1.2 Solutions Market Revenue and Forecast to 2030 (US$ Million)
- 7.2 Services
- 7.2.1 Overview
- 7.2.2 Services Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.3 Professional Services
- 7.2.3.1 Overview
- 7.2.3.2 Professional Services Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.4 Managed Services
- 7.2.4.1 Overview
- 7.2.4.2 Managed Services Market Revenue and Forecast to 2030 (US$ Million)
8. Public Key Infrastructure Market Analysis - Deployment
- 8.1 On-Premise
- 8.1.1 Overview
- 8.1.2 On-Premise Market Revenue and Forecast to 2030 (US$ Million)
- 8.2 Cloud
- 8.2.1 Overview
- 8.2.2 Cloud Market Revenue and Forecast to 2030 (US$ Million)
9. Public Key Infrastructure Market Analysis - Enterprise Size
- 9.1 SMEs
- 9.1.1 Overview
- 9.1.2 SMEs Market Revenue and Forecast to 2030 (US$ Million)
- 9.2 Large Enterprises
- 9.2.1 Overview
- 9.2.2 Large Enterprises Market Revenue and Forecast to 2030 (US$ Million)
10. Public Key Infrastructure Market Analysis - End User
- 10.1 Banking, Financial Services, & Insurance (BFSI)
- 10.1.1 Overview
- 10.1.2 BFSI Market Revenue and Forecast to 2030 (US$ Million)
- 10.2 Retail & e-Commerce
- 10.2.1 Overview
- 10.2.2 Retail & e-Commerce Market Revenue and Forecast to 2030 (US$ Million)
- 10.3 Government & Defense
- 10.3.1 Overview
- 10.3.2 Government & Defense Market Revenue and Forecast to 2030 (US$ Million)
- 10.4 IT & Telecom
- 10.4.1 Overview
- 10.4.2 IT & Telecom Market Revenue and Forecast to 2030 (US$ Million)
- 10.5 Manufacturing & Automotive
- 10.5.1 Overview
- 10.5.2 Manufacturing & Automotive Market Revenue and Forecast to 2030 (US$ Million)
- 10.6 Others
- 10.6.1 Overview
- 10.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
11. Public Key Infrastructure Market - Geographical Analysis
- 11.1 Overview
- 11.2 North America: Public Key Infrastructure Market
- 11.2.1 North America: Revenue, and Forecast to 2030 (US$ Million)
- 11.2.2 North America: Public Key Infrastructure Market, by Component
- 11.2.3 North America: Public Key Infrastructure Market, by Deployment
- 11.2.4 North America: Public Key Infrastructure Market, by Enterprise Size
- 11.2.5 North America: Public Key Infrastructure Market, by End User
- 11.2.6 North America: Public Key Infrastructure Market, by Key Country
- 11.2.6.1 US: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.2.6.1.1 US: Public Key Infrastructure Market, by Component
- 11.2.6.1.2 US: Public Key Infrastructure Market, by Deployment
- 11.2.6.1.3 US: Public Key Infrastructure Market, by Enterprise Size
- 11.2.6.1.4 US: Public Key Infrastructure Market, by End User
- 11.2.6.2 Canada: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.2.6.2.1 Canada: Public Key Infrastructure Market, by Component
- 11.2.6.2.2 Canada: Public Key Infrastructure Market, by Deployment
- 11.2.6.2.3 Canada: Public Key Infrastructure Market, by Enterprise Size
- 11.2.6.2.4 Canada: Public Key Infrastructure Market, by End User
- 11.2.6.3 Mexico: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.2.6.3.1 Mexico: Public Key Infrastructure Market, by Component
- 11.2.6.3.2 Mexico: Public Key Infrastructure Market, by Deployment
- 11.2.6.3.3 Mexico: Public Key Infrastructure Market, by Enterprise Size
- 11.2.6.3.4 Mexico: Public Key Infrastructure Market, by End User
- 11.3 Europe: Public Key Infrastructure Market
- 11.3.1 Europe: Revenue, and Forecast to 2030 (US$ Million)
- 11.3.2 Europe: Public Key Infrastructure Market, by Component
- 11.3.3 Europe: Public Key Infrastructure Market, by Deployment
- 11.3.4 Europe: Public Key Infrastructure Market, by Enterprise Size
- 11.3.5 Europe: Public Key Infrastructure Market, by End User
- 11.3.6 Europe: Public Key Infrastructure Market, by Key Country
- 11.3.6.1 Germany: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.1.1 Germany: Public Key Infrastructure Market, by Component
- 11.3.6.1.2 Germany: Public Key Infrastructure Market, by Deployment
- 11.3.6.1.3 Germany: Public Key Infrastructure Market, by Enterprise Size
- 11.3.6.1.4 Germany: Public Key Infrastructure Market, by End User
- 11.3.6.2 France: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.2.1 France: Public Key Infrastructure Market, by Component
- 11.3.6.2.2 France: Public Key Infrastructure Market, by Deployment
- 11.3.6.2.3 France: Public Key Infrastructure Market, by Enterprise Size
- 11.3.6.2.4 France: Public Key Infrastructure Market, by End User
- 11.3.6.3 Italy: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.3.1 Italy: Public Key Infrastructure Market, by Component
- 11.3.6.3.2 Italy: Public Key Infrastructure Market, by Deployment
- 11.3.6.3.3 Italy: Public Key Infrastructure Market, by Enterprise Size
- 11.3.6.3.4 Italy: Public Key Infrastructure Market, by End User
- 11.3.6.4 UK: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.4.1 UK: Public Key Infrastructure Market, by Component
- 11.3.6.4.2 UK: Public Key Infrastructure Market, by Deployment
- 11.3.6.4.3 UK: Public Key Infrastructure Market, by Enterprise Size
- 11.3.6.4.4 UK: Public Key Infrastructure Market, by End User
- 11.3.6.5 Russia: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.5.1 Russia: Public Key Infrastructure Market, by Component
- 11.3.6.5.2 Russia: Public Key Infrastructure Market, by Deployment
- 11.3.6.5.3 Russia: Public Key Infrastructure Market, by Enterprise Size
- 11.3.6.5.4 Russia: Public Key Infrastructure Market, by End User
- 11.3.6.6 Rest of Europe: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.6.1 Rest of Europe: Public Key Infrastructure Market, by Component
- 11.3.6.6.2 Rest of Europe: Public Key Infrastructure Market, by Deployment
- 11.3.6.6.3 Rest of Europe: Public Key Infrastructure Market, by Enterprise Size
- 11.3.6.6.4 Rest of Europe: Public Key Infrastructure Market, by End User
- 11.4 Asia Pacific: Public Key Infrastructure Market
- 11.4.1 Asia Pacific: Revenue, and Forecast to 2030 (US$ Million)
- 11.4.2 APAC: Public Key Infrastructure Market, by Component
- 11.4.3 APAC: Public Key Infrastructure Market, by Deployment
- 11.4.4 APAC: Public Key Infrastructure Market, by Enterprise Size
- 11.4.5 APAC: Public Key Infrastructure Market, by End User
- 11.4.6 APAC: Public Key Infrastructure Market, by Key Country
- 11.4.6.1 Australia: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.1.1 Australia: Public Key Infrastructure Market, by Component
- 11.4.6.1.2 Australia: Public Key Infrastructure Market, by Deployment
- 11.4.6.1.3 Australia: Public Key Infrastructure Market, by Enterprise Size
- 11.4.6.1.4 Australia: Public Key Infrastructure Market, by End User
- 11.4.6.2 China: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.2.1 China: Public Key Infrastructure Market, by Component
- 11.4.6.2.2 China: Public Key Infrastructure Market, by Deployment
- 11.4.6.2.3 China: Public Key Infrastructure Market, by Enterprise Size
- 11.4.6.2.4 China: Public Key Infrastructure Market, by End User
- 11.4.6.3 India: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.3.1 India: Public Key Infrastructure Market, by Component
- 11.4.6.3.2 India: Public Key Infrastructure Market, by Deployment
- 11.4.6.3.3 India: Public Key Infrastructure Market, by Enterprise Size
- 11.4.6.3.4 India: Public Key Infrastructure Market, by End User
- 11.4.6.4 Japan: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.4.1 Japan: Public Key Infrastructure Market, by Component
- 11.4.6.4.2 Japan: Public Key Infrastructure Market, by Deployment
- 11.4.6.4.3 Japan: Public Key Infrastructure Market, by Enterprise Size
- 11.4.6.4.4 Japan: Public Key Infrastructure Market, by End User
- 11.4.6.5 South Korea: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.5.1 South Korea: Public Key Infrastructure Market, by Component
- 11.4.6.5.2 South Korea: Public Key Infrastructure Market, by Deployment
- 11.4.6.5.3 South Korea: Public Key Infrastructure Market, by Enterprise Size
- 11.4.6.5.4 South Korea: Public Key Infrastructure Market, by End User
- 11.4.6.6 Rest of APAC: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.6.1 Rest of APAC: Public Key Infrastructure Market, by Component
- 11.4.6.6.2 Rest of APAC: Public Key Infrastructure Market, by Deployment
- 11.4.6.6.3 Rest of APAC: Public Key Infrastructure Market, by Enterprise Size
- 11.4.6.6.4 Rest of APAC: Public Key Infrastructure Market, by End User
- 11.5 MEA: Public Key Infrastructure Market
- 11.5.1 MEA: Revenue, and Forecast to 2030 (US$ Million)
- 11.5.2 MEA: Public Key Infrastructure Market, by Component
- 11.5.3 MEA: Public Key Infrastructure Market, by Deployment
- 11.5.4 MEA: Public Key Infrastructure Market, by Enterprise Size
- 11.5.5 MEA: Public Key Infrastructure Market, by End User
- 11.5.6 MEA: Public Key Infrastructure Market, by Key Country
- 11.5.6.1 South Africa: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.1.1 South Africa: Public Key Infrastructure Market, by Component
- 11.5.6.1.2 South Africa: Public Key Infrastructure Market, by Deployment
- 11.5.6.1.3 South Africa: Public Key Infrastructure Market, by Enterprise Size
- 11.5.6.1.4 South Africa: Public Key Infrastructure Market, by End User
- 11.5.6.2 Saudi Arabia: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.2.1 Saudi Arabia: Public Key Infrastructure Market, by Component
- 11.5.6.2.2 Saudi Arabia: Public Key Infrastructure Market, by Deployment
- 11.5.6.2.3 Saudi Arabia: Public Key Infrastructure Market, by Enterprise Size
- 11.5.6.2.4 Saudi Arabia: Public Key Infrastructure Market, by End User
- 11.5.6.3 UAE: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.3.1 UAE: Public Key Infrastructure Market, by Component
- 11.5.6.3.2 UAE: Public Key Infrastructure Market, by Deployment
- 11.5.6.3.3 UAE: Public Key Infrastructure Market, by Enterprise Size
- 11.5.6.3.4 UAE: Public Key Infrastructure Market, by End User
- 11.5.6.4 Rest of MEA: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.4.1 Rest of MEA: Public Key Infrastructure Market, by Component
- 11.5.6.4.2 Rest of MEA: Public Key Infrastructure Market, by Deployment
- 11.5.6.4.3 Rest of MEA: Public Key Infrastructure Market, by Enterprise Size
- 11.5.6.4.4 Rest of MEA: Public Key Infrastructure Market, by End User
- 11.6 SAM: Public Key Infrastructure Market
- 11.6.1 SAM: Revenue, and Forecast to 2030 (US$ Million)
- 11.6.2 SAM: Public Key Infrastructure Market, by Component
- 11.6.3 SAM: Public Key Infrastructure Market, by Deployment
- 11.6.4 SAM: Public Key Infrastructure Market, by Enterprise Size
- 11.6.5 SAM: Public Key Infrastructure Market, by End User
- 11.6.6 SAM: Public Key Infrastructure Market, by Key Country
- 11.6.6.1 Brazil: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.6.6.1.1 Brazil: Public Key Infrastructure Market, by Component
- 11.6.6.1.2 Brazil: Public Key Infrastructure Market, by Deployment
- 11.6.6.1.3 Brazil: Public Key Infrastructure Market, by Enterprise Size
- 11.6.6.1.4 Brazil: Public Key Infrastructure Market, by End User
- 11.6.6.2 Argentina: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.6.6.2.1 Argentina: Public Key Infrastructure Market, by Component
- 11.6.6.2.2 Argentina: Public Key Infrastructure Market, by Deployment
- 11.6.6.2.3 Argentina: Public Key Infrastructure Market, by Enterprise Size
- 11.6.6.2.4 Argentina: Public Key Infrastructure Market, by End User
- 11.6.6.3 Rest of SAM: Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.6.6.3.1 Rest of SAM: Public Key Infrastructure Market, by Component
- 11.6.6.3.2 Rest of SAM: Public Key Infrastructure Market, by Deployment
- 11.6.6.3.3 Rest of SAM: Public Key Infrastructure Market, by Enterprise Size
- 11.6.6.3.4 Rest of SAM: Public Key Infrastructure Market, by End User
12. Public Key Infrastructure Market - Impact of COVID-19 Pandemic
- 12.1 Pre & Post Covid-19 Impact
13. Competitive Landscape
- 13.1 Company Positioning & Concentration
- 13.2 Heat Map Analysis By Key Players
14. Industry Landscape
- 14.1 Overview
- 14.2 Market Initiative
15. Company Profiles
- 15.1 Digicert Inc.
- 15.1.1 Key Facts
- 15.1.2 Business Description
- 15.1.3 Products and Services
- 15.1.4 Financial Overview
- 15.1.5 SWOT Analysis
- 15.1.6 Key Developments
- 15.2 Futurex LP
- 15.2.1 Key Facts
- 15.2.2 Business Description
- 15.2.3 Products and Services
- 15.2.4 Financial Overview
- 15.2.5 SWOT Analysis
- 15.2.6 Key Developments
- 15.3 ENIGMA System Ochrony Informacji SP. Z O.O.
- 15.3.1 Key Facts
- 15.3.2 Business Description
- 15.3.3 Products and Services
- 15.3.4 Financial Overview
- 15.3.5 SWOT Analysis
- 15.3.6 Key Developments
- 15.4 eMudhra Limited
- 15.4.1 Key Facts
- 15.4.2 Business Description
- 15.4.3 Products and Services
- 15.4.4 Financial Overview
- 15.4.5 SWOT Analysis
- 15.4.6 Key Developments
- 15.5 Entrust Corp
- 15.5.1 Key Facts
- 15.5.2 Business Description
- 15.5.3 Products and Services
- 15.5.4 Financial Overview
- 15.5.5 SWOT Analysis
- 15.5.6 Key Developments
- 15.6 Securemetric Berhad
- 15.6.1 Key Facts
- 15.6.2 Business Description
- 15.6.3 Products and Services
- 15.6.4 Financial Overview
- 15.6.5 SWOT Analysis
- 15.6.6 Key Developments
- 15.7 Fortinet Inc.
- 15.7.1 Key Facts
- 15.7.2 Business Description
- 15.7.3 Products and Services
- 15.7.4 Financial Overview
- 15.7.5 SWOT Analysis
- 15.7.6 Key Developments
- 15.8 Sectigo Ltd
- 15.8.1 Key Facts
- 15.8.2 Business Description
- 15.8.3 Products and Services
- 15.8.4 Financial Overview
- 15.8.5 SWOT Analysis
- 15.8.6 Key Developments
- 15.9 Thales SA
- 15.9.1 Key Facts
- 15.9.2 Business Description
- 15.9.3 Products and Services
- 15.9.4 Financial Overview
- 15.9.5 SWOT Analysis
- 15.9.6 Key Developments
- 15.10 GMO GlobalSign Ltd
- 15.10.1 Key Facts
- 15.10.2 Business Description
- 15.10.3 Products and Services
- 15.10.4 Financial Overview
- 15.10.5 SWOT Analysis
- 15.10.6 Key Developments
16. Appendix
- 16.1 About The Insight Partners
- 16.2 Word Index