Global Public Key Infrastructure market report 2024, Forecast To 2033
4 Mar, 2024
The public key infrastructure market size has grown exponentially in recent years. It will grow from $3.85 billion in 2023 to$4.69 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to security concerns, regulatory compliance, digital transformation initiatives, e-commerce growth, increasing interconnectedness. The public key infrastructure market size is expected to see exponential growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to iot proliferation, blockchain integration, quantum-safe cryptography, rapid digitalization, focus on user privacy. Major trends in the forecast period include blockchain integration for certificate transparency, shift towards managed pki services, implementation of zero trust security frameworks, enhanced certificate lifecycle management, regulatory compliance requirements.
Global Public Key Infrastructure Market Key Driver
The increase in the number of cyber frauds is driving the demand for the public key infrastructure market, going forward. Cyber frauds refer to intentional tampering with another person's online-stored personal and financial information. A public key infrastructure functions as a cybersecurity technological infrastructure that combines an HSM (hardware security module) for key storage and protection, a Root CA or Certification Authority for the issue of digital certificates, and public key cryptographic keys to encrypt data and save from cyber fraud. For instance, in March 2022, according to the Internet Crime Report 2021, published by, the Federal Bureau of Investigation, a US-based domestic intelligence and security service agency, in the USA, cybercrime complaint number reached 847,376, which was a 7% increase, as compared to 2020, in which 51,829 were about personal data breaches and 3,23,972 were about phishing, however, the potential loss recorded was around, $6.9 billion. Therefore, the increase in the number of cyber frauds will drive the growth of the public key infrastructure market. The public key infrastructure market is anticipated to achieve a value of $XX billion by 2023, with sustained growth expected through 2024 and 2028.
Get A Free Sample Of The Global Public Key Infrastructure Market ReportGlobal Public Key Infrastructure Market Segments
The global public key infrastructure market covered in this report is segmented –
1) By Component: Hardware Module, Solution, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Large Enterprises, Small And Medium Enterprise (SME)
4) By Vertical: BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Manufacturing, Other Verticals
By Geography: The regions covered in the public key infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the public key infrastructure market share in 2023. The regions covered in the public key infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Public Key Infrastructure Industry Players
EcoWater Systems LLC, Kinetico Incorporated, Hydroflux Pty Ltd., Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Watts Water Technologies Inc., Feedwater Limited, Qingdao Haier Co. Ltd., Dwater Limited, Culligan International Company, Water-Right Inc., Canature Environmental Products Co. Ltd., A.O. Smith Corporation, 3M Company, General Electric Company, Whirlpool Corporation, COWAY Co. Ltd., LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Unilever N.V., Procter & Gamble Co., Kao Corporation, Colgate-Palmolive Company, Church & Dwight Co. Inc., Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, Clorox Company, Ecolab Inc., Dow Chemical Company, BASF SE, Solvay SA, Akzo Nobel N.V.
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Public Key Infrastructure Market Overview
Public key infrastructure is a system that consists of the necessary hardware, software, personnel, guidelines, and policies to issue, manage, distribute, utilize, store, and revoke digital certificates. The public key infrastructure is used in digital signature protocols and/or data encryption techniques. Public key infrastructure aid in establishing the identity of individuals, objects, and services, enabling regulated access to systems and resources, data protection, and transaction accountability.
Public Key Infrastructure Global Market Report 2023 provides data on the global public key infrastructure market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The public key infrastructure market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.