Public Key Infrastructure Market to Display Significant Growth in Terms of Revenue Generation During Forecast Period, 2020 to 2027

 Public key infrastructure (PKI) is a technology for creation, utilization, management, and storage of digital certificates and public key encryption. Concerns over personal information and data privacy concerns have evoked its deployment across digital networks. The Public Key Infrastructure Market report by Market Research Future (MRFR) covers trends, drivers, and new growth opportunities for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its implications on the industry are duly noted in the report.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/3627

Segmentation

The global public key infrastructure market is segmented on the basis of solution, deployment, and end-users.

Solutions commonly employed in the Public Key Infrastructure Market Size include self-registration, enrolment deployment, secure roaming, PIN authentication, inventory of digital identities, and others.

Public key infrastructure is deployed on cloud-based and on-premise. The adoption rate of cloud-based deployments has been observed to be higher than on-premise due to the scalability that this platform offers as well as cost savings. The cloud-based platform is expected to retain its lead in the market while displaying the highest CAGR of 21.91% during the forecast period.

End-users of public key infrastructure include BFSI, healthcare & life sciences, retail, aerospace & defense, human resources, education & research, manufacturing, government, and others. The government segment followed by the aerospace & defense account for the most significant segments in the market due to the high requirement for security to protect sensitive government information. However, the BFSI sector is expected to grow at the highest CAGR of 23.84%, as this sector handles high volumes of sensitive data. The security concerns for transactions conducted with banks by consumers, processing of large volumes of data, and demand for fortified security can drive the demand of Public Key Infrastructure Market Share in the sector.

Market Scope

The global public key infrastructure market was valued at USD 639.1 Mn in 2017 and is expected to register a CAGR of 21.12% during the forecast period. Rapid adoption of the internet and a growing consumer base are key drivers of the market. Concerns of cyber threats and protection of digital assets can drive its demand in the coming years. Adoption of cloud, rise in financial transactions, and proliferation of information technology can influence the market.

Technological advances such as 5G, adoption of IoT, and conducive environment for transfer of large volumes of data can beckon the market. Adoption of secure sockets layer (SSL) certificates for encryption and authentication of information for verification of entities can induce the demand for PKI market. PKI verifies the identities of parties involved in data transfer and encrypts information over a secure network.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/public-key-infrastructure-market-3627

Competitive Landscape

GoDaddy Inc., VeriSign Inc., Entrust Datacard Corporation, Assa Abloy Group, and Gemalto NV are key players of the public key infrastructure market.

Regional Analysis

North America leads the global market's growth and is closely followed by the Asia Pacific market in terms of market value. It was valued at USD 239.7 Mn in 2017 and is expected to grow with an optimistic CAGR of 20.71% during the forecast period. The presence of several important market participants in the region combined with the high use of PKI solutions is expected to drive the growth of the regional PKI market. The use of automation for re-use of security certificates and swap identities across servers, IoT devices, cloud workloads, and firewalls can influence its adoption.

Asia Pacific is expected to grow at the highest CAGR of 23.38% during the forecast period. China accounts for the largest country-level market with a projected market value of USD 215.15 Mn by the end of 2023. Japan and India are other important country-level markets to watch out for during the assessment period. Implementation of PKI for detection and prevention of threats can drive the global public key infrastructure market demand in the region.

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.

Contact:                                                                                     

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Data Center Construction Market Forecast by Regions, Types, Applications, Dynamics, Development Status and Outlook 2027

  Market Overview The data center is a combination of servers for distribution & collection and storage of data. All data processing needs a special facility, and data center construction is the combination of all these systems. The growing digitalization has resulted in high data production that requires highly efficient data processing, which has increased the improvements in data center designs. Data center construction is carried by keeping several points into consideration like storage, location, and others that play a major role in the efficiency of the data center. The demand for data centers with high efficiency is on high-rise, which has increased the usage of solar and wind energy. The rapid rise in demand for large data storage facilities with cloud-based services has provided the major growth to this market and is growing at considerable speeds. The companies are readily investing in research & development programs to unfold the new aspects, imposing an extra load o
Read more

Transportation Management System (TMS) Market In depth Analysis on Latest Trend, Current Status and Insight Driven Transformation 2027

  Industry Landscape Market Research Future offers a five-year forecast for the Global Transportation Management System (TMS) Market 2020 between 2017 and 2025. By value, the global Transportation Management Systems Market might register 6.7% CAGR during the forecast period. As the economy has started to mend after long terms impact of COVID-19, the market will be attaining a high valuation by the year 2025 up from the previous share. Get a Free Sample @  https://www.marketresearchfuture.com/sample_request/1397 Transportation Management System Growth Boosters Rapidly mounting economies offer opportunities and challenges to the transportation industries. Surged shipment of goods across the globe is a foremost cause behind channel congestion and boost in competition between market players. Thus, the requirement of the transportation management system is escalating owing to the need for safety standards during transportation, storage and handling of goods. MRFR finds that with the escalat
Read more

Intelligent Personal Assistant Market Developments, Future Plans and Comprehensive Research Study Till 2027

  Overview The era of rapid resolution to queries and fast internet speeds have given birth to intelligent personal assistants (IPA). The software has been designed to assist users with basic tasks and helps in resolving frequently asked questions. The  Intelligent Personal Assistant Market  report by Market Research Future (MRFR) looks at the developments of IPA, advances in natural language and artificial intelligence, and scope of chatbots for the period of 2016 to 2027 (forecast period). The sudden outbreak of the COVID-19 virus and its impact on the industry are discussed in high detail. Market Scope The global intelligent personal assistant market is predicted to display a CAGR of 33% over the forecast period. The management of personal events, to-do-lists, and emails as well as the resolution of queries can drive the market demand. The ability of IPAs in assisting human productivity can bode well for the market growth. The high penetration rate of smartphones and tablets as well
Read more