Global Public Key Infrastructure Market by Component (Solution, Services), Organization Size (Large Enterprises , Small and Medium-Sized Enterprises), Deployment Mode (On-Premises , Cloud), Vertical (Banking, Financial Services, and Insurance, Government and Defense, Telecom and IT, Healthcare and Life Sciences, Retail and eCommerce, Manufacturing and Automotive , Education, Others), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ 4.7Bn by 2026, at a CAGR of 15.3 % during a forecast period.
Rapid adoption coupled with the increasing user base is highly influencing the developers to improve public key infrastructure over the years. Public key infrastructure can be defined as roles, policies, and procedures which are vital to distribute, manage digital certificates and public-key encryption, pointing to secure the transfer of electronic information
The solution segment is expected to grow at the highest CAGR during the forecast period.
The solution segment is expected to hold a larger market size in the PKI market by component. Public key infrastructure solutions help secure the communication between the server and the client by encrypting the data flow. Organizations are also adopting the PKI solution for confirming continuous compliance. The public key defines a set of roles, policies, and procedures used to create, manage, distribute, and store digital certificates and manage public-key encryption. PKI solutions are gaining traction due to the increasing trust on online sellers and customers, and to protect organizations from malware and fire-based attacks.
North America is anticipated to be the leading region in the global Public Key Infrastructure market during the forecast period.
North America is expected to dominating the PKI market during the forecast period followed by the APAC. Advancements in technology and rising IT and semiconductor industries are some of the factors propelling the growth of this market. Additionally, the rapid development of security solutions to curb the growing frequency of cyber-attacks around the world is expected to contribute to the growth of the public key infrastructure market.
Key players operating the Global Public Key Infrastructure Market are Gemalto, Nexus Group, Verisign, Entrust Datacard, DigiCert, Futurex, Comodo, GlobalSign, WISeKey, SSL.Com, ACTALIS, HARICA, Securemetric, ENIGMA, Emudhra
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Public Key Infrastructure Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Public Key Infrastructure Market positioning of competitors.
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