Absolute Market Insights recent analysis of the Public Key Infrastructure (PKI) Market finds that the increasing demand from the Surging e-commerce market is aggressively driving the growth of the public key infrastructure (PKI) market. is expected to witness maximum growth in the Public Key Infrastructure (PKI) Market during the forecast period. The global Market revenue stood at a value USD 3.9 Bn in the year 2021.
Market Synopsis
Public key infrastructure happens to be a process regarding authorization of data sharing or transaction among receiver and sender through providing protection with keys that are public and private, and are approved by federal authorities through help of digital certificates.
Public Key Infrastructure (PKI) Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Public Key Infrastructure (PKI) Market is predicted to grow at a CAGR of roughly 22.50% during the forecast period.
- The Public Key Infrastructure (PKI) Market was estimated to be worth roughly 3.9 Bn in 2021 and is expected to reach USD 14.49 Bn by 2028; based on primary research.
- On the basis of region, is projected to dominate the worldwide Public Key Infrastructure (PKI) Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Public Key Infrastructure (PKI) Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
The pandemic resulted in rise in dependency on businesses that operate in online space. The internet was rampantly used by several sectors including BFSI, healthcare, logistics, production, automotive and food. New trade policies also forced several businesses to go through changes and adopt new practices and this is why the demand for public key infrastructure systems had jumped.Rising market demand for digital certificates to enable enterprises to encrypt data, digitally sign the certificates, and authenticate users using the certificates is likely to drive the industry growth.
Restraint:
Some of the factors that may impede business growth include the spread of individual certification authorizations or the use of self-signed records, as well as a lack of knowledge among associations about the quality of PKI certifications.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Public Key Infrastructure (PKI) Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
The region of North America accounted for the highest share in global public key infrastructure (PKI) market in 2021. Rising adoption of public key infrastructure system along with presence of leading vendors drives the growth of this market in this region. Also the fact that this system helps in keeping cyber-attacks at bay, which also makes it favourite of several businesses.
List of Prominent Players in Public Key Infrastructure (PKI) Market:
- Amazon Web Services, Inc.
- Ascertia
- DigiCert, Inc
- Encryption Consulting LLC.
- ENIGMA Systems Ochrony Informacji
- Entrust Corporation
- Futurex
- HID Global Corporation
- IBM
- Keyfactor
- MICROSOFT
- Securemetric Berhad
- Thales
- TUV NORD GROUP
- Venafi, Inc.
- WiseKey INCRYPT
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Public Key Infrastructure (PKI) Market?
- How will the Public Key Infrastructure (PKI) Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Public Key Infrastructure (PKI) Market?
- What is the Public Key Infrastructure (PKI) Market drivers and restrictions?
- What will be the CAGR and size of the Public Key Infrastructure (PKI) Market throughout the forecast period?
This market titled Public Key Infrastructure (PKI) Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Offering
- Hardware,
- Solutions,
- Services
- Professional Services,
- Managed Services
- By Deployment Type
- Cloud,
- On Premise
- By Organization size
- Small and Medium Organizations,
- Large Organizations
- By End User Industry
- Banking,
- Financial Services and Insurance,
- Government,
- Healthcare,
- Education,
- Retail,
- Manufacturing,
- Automotive,
- IT and Telecommunication,
- Energy,
- Others
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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