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Public Key Infrastructure Market by Component (Solution and Services (Professional and Managed)), Deployment Type, Organization Size, Vertical (BFSI, Telecom and IT, Healthcare and Life Sciences), and Region - Global Forecast to 2024

  • ID: 4787315
  • Report
  • Region: Global
  • 122 Pages
  • Markets and Markets
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The Global Public Key Infrastructure (PKI) Market Size is Expected to Grow USD 1.7 Billion in 2019 to USD 3.6 Billion By 2024, at a CAGR of 15.1%

FEATURED COMPANIES

  • ACTALIS
  • DigiCert
  • ENIGMA
  • Futurex
  • GlobalSign
  • Nexus Group
  • MORE

The exponential rise in the sophistication of cyber attacks and huge monetary losses due to these attacks will drive the overall PKI market

Various factors such as exponential rise in the sophistication level of cyber attacks and huge monetary losses due to these attacks are expected to drive the market. However, lack of awareness among organizations about the importance of PKI certificates may restrain market growth.

Solution segment to hold a larger market size during the forecast period

The solution segment is expected to hold a larger market size in the PKI market during the forecast period. PKI vendors help enterprises in providing the necessary knowledge, awareness, and risk background to understand threats to their environment and react appropriately. The solution helps enterprises validate the identity of the transactions between the individuals as well as preventing any unauthorized access across organizations networks, servers, and other infrastructure. The solutions also provide the framework for the organizations in managing the keys for public key encryption and validates users based on the certificates issued by the certificate authorities. Hence, organizations are adopting PKI solutions to protect their infrastructure from identity-related cyberattacks.

Among deployment type, cloud deployment segment to grow at a higher CAGR during the forecast period

Under deployment type, PKI market is segmented by cloud and on-premises segments. The cloud deployment type is set to grow at a higher CAGR during the forecast period. The deployment of cloud-based PKI solutions is done through the internet, where software, infrastructure, platforms, devices, and other resources are provided as services on a pay-per-use basis by consumers. An external PKI vendor provides software, hardware, backup, disaster recovery, and other infrastructure to the organizations who pay for their solutions and services, which would otherwise become a burden for owners of on-premises PKI solutions. Cloud-based systems are comparatively less expensive than on-premises deployment, thus permitting businesses to reduce IT expenses, including hardware and support staff. Owing to these factors, organizations are adopting the cloud-based deployment type for deploying PKI solutions on a large scale.

North America to account for the largest market size, whereas APAC to grow at the highest CAGR

North America is projected to hold the largest market size of the PKI market during the forecast period, owing to the early adoption of the PKI solutions in the region across various verticals, such as telecom and IT, healthcare and life sciences, and Banking, Financial Service, and Insurance (BFSI). The concentrated presence of a large number of PKI solution and services providers in the US is also expected to drive revenue growth from the region. The APAC market is expected to grow at the highest CAGR during the forecast period, owing to notable adoption of the technology as enterprises across telecom and IT vertical are now adopting cloud-based PKI solutions to manage their IT infrastructure better.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the PKI marketplace.

  • By Company: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
  • By Designation: C-level – 50%, Director level – 25%, and Others – 25%
  • By Region: North America – 45%, Europe – 25%, APAC – 20%, Latin America – 5%, Middle East and Africa: – 5%

Major vendors in the global PKI market include Gemalto (Netherlands), Nexus Group (Sweden), Verisign (US), Entrust Datacard (US), DigiCert (US), Futurex (US), Comodo (US), GlobalSign (UK), WISeKey (Switzerland), SSL.com (US), ACTALIS (Italy), HARICA (Greece), Securemetric (Malaysia), ENIGMA (Poland), and eMudhra (India).

Research Coverage

The market study covers the PKI market across segments. It aims at estimating the market size and the growth potential of the market across segments, such as component (solution and services), deployment type, organization size, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in the PKI market with information on the closest approximations of the revenue numbers for the overall PKI market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACTALIS
  • DigiCert
  • ENIGMA
  • Futurex
  • GlobalSign
  • Nexus Group
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries’ Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.5.1 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Public Key Infrastructure Market
4.2 Market By Component, 2019
4.3 Market By Service Type, 2019–2024
4.4 Market Market Share of Top 3 Industry Verticals and Regions, 2019
4.5 Market By Deployment Type, 2019
4.6 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Trust on Online Sellers and Customers
5.2.1.2 Increasing Instances of Malware and File-Based Attacks
5.2.1.3 Stringent Mandatory Regulations and Compliances
5.2.2 Restraints
5.2.2.1 Running Private Certificate Authorities Or Using Self-Signed Certificates
5.2.3 Opportunities
5.2.3.1 Growing IoT Trend Across Industry Verticals
5.2.3.2 Proliferation of Cloud-Based Services Among Global Organizations
5.2.4 Challenges
5.2.4.1 Lack of Awareness Among Organizations About the Importance of PKI Certificates

6 Public Key Infrastructure Market By Component
6.1 Introduction
6.2 Solution
6.2.1 Need to Secure Organization’s Infrastructure and Assets From Unauthorized Access, Impersonation, and Identity Thefts Driving the Adoption of Public Key Infrastructure Solutions
6.3 Services
6.3.1 Professional Services
6.3.1.1 Increasing Need for Planning, Designing, and Consulting of Public Key Infrastructure Solutions to Fuel the Demand for Professional Services
6.3.2 Managed Services
6.3.2.1 Growing Demand for Technical Expertise Required to Maintain and Update PKI Solutions to Drive the Demand for Managed Services

7 Public Key Infrastructure Market By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 Need for Managing Huge Volumes of Business-Critical Information to Boost the Adoption of Public Key Infrastructure Solutions Among Large Enterprises
7.3 Small and Medium-Sized Enterprises
7.3.1 Increasing Cloud-Based Services to Boost the Adoption of Public Key Infrastructure Solutions Among Small and Medium-Sized Enterprises

8 Public Key Infrastructure Market By Deployment Type
8.1 Introduction
8.2 On-Premises
8.2.1 Demand for Control and Flexibility of Organization’s Infrastructure to Drive the Adoption of On-Premises Public Key Infrastructure Solutions
8.3 Cloud
8.3.1 Need for Low-Cost Encryption and Authorization Solutions to Boost the Adoption of Cloud-Based Public Key Infrastructure Solutions

9 Public Key Infrastructure Market By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Growing Need to Validate Identity of the Transactions Driving the Adoption of Public Key Infrastructure Solutions in BFSI
9.3 Government and Defense
9.3.1 Growing Necessity to Protect Sensitive Data of Citizens as Well as of Organizations From Unauthorised Access and Identity Thefts Driving the Adoption of Public Key Infrastructure Solutions in the Government and Defense Sector
9.4 Telecom and IT
9.4.1 Increasing Sophisticated Cyber-Attacks That Compromise Confidentiality of the End Customers as Well as Organizations to Boost the Demand for Public Key Infrastructure Solutions in Telecom and IT
9.5 Healthcare and Life Sciences
9.5.1 Growing Threats on Network and Endpoints, and Need to Comply to HIPAA Driving the Adoption of Public Key Infrastructure Solutions in Healthcare and Life Sciences
9.6 Retail and eCommerce
9.6.1 Growing Need to Adhere to PCI DSS and GDPR Compliances in the Advent of Impersonation Attacks on Cloud-Based Applications Driving the Demand for Public Key Infrastructure Solutions in Retail and eCommerce
9.7 Manufacturing and Automotive
9.7.1 Increasing Trend of Machine-To-Machine Systems, IoT, and Cloud-Based Services and Need to Protect Them Against Identity Thefts and Unauthorised Access Driving the Demand for Public Key Infrastructure Solutions in Manufacturing and Automotive
9.8 Education
9.8.1 Need to Secure the Critical Information and Infrastructure From Sophisticated Cyber Threats Driving the Adoption of Public Key Infrastructure Solutions in the Education Sector
9.9 Others

10 Public Key Infrastructure Market By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 High Regulatory Standards and A Large Number of Vendors to Contribute to the Adoption of Public Key Infrastructure Solutions in the US
10.2.2 Canada
10.2.2.1 Increasing Migration Toward Digital and Cloud Technologies and Concerns Regarding Security Over the Platforms to Drive the Adoption of Public Key Infrastructure Solutions in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Increasing Focus to Avert Cyber-Attacks to Increase the Demand for PKI Solutions in the UK
10.3.2 Germany
10.3.2.1 Demand for Cloud-Based Services to Increase the Need for PKI Solutions in German Organizations
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Increasing Online Transactions and the Need to Secure Them From Unauthorized Access to Drive the Demand for PKI Solutions in China
10.4.2 Japan
10.4.2.1 Rising Adoption of Digital Technologies to Fuel the Demand for PKI Solutions in Japan
10.4.3 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Middle East
10.5.2 Africa
10.5.2.1 Organizations’ Continued Focus Toward Cloud Technologies to Boost the Growth of PKI Market in Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Increasing Investments By Organizations to Secure Their Endpoints, Networks, and Applications on Cloud-Based Platforms to Fuel the Demand for PKI Solutions in Brazil
10.6.2 Mexico
10.6.2.1 Need to Safeguard Organizations’ Infrastructures From Malicious Attacks and Identity Thefts to Boost the Demand for PKI Solutions in Mexico
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Strength of Product Portfolio
11.3 Business Strategy Excellence
11.4 Competitive Scenario
11.5 Competitive Scenario
11.5.1 Partnerships, Agreements, and Collaborations
11.5.2 New Product Launches/Product Enhancements
11.5.3 Mergers and Acquisitions
11.5.4 Business Expansions

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 Gemalto
12.2 Nexus Group
12.3 Verisign
12.4 Entrust Datacard
12.5 DigiCert
12.6 Futurex
12.7 Comodo
12.8 GlobalSign
12.9 WISeKey
12.10 SSL.Com
12.11 ACTALIS
12.12 HARICA
12.13 Securemetric
12.14 ENIGMA
12.15 Emudhra
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables (58 Tables)
Table 1 Factor Analysis
Table 2 Public Key Infrastructure Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 3 Market Size By Component, 2017–2024 (USD Million)
Table 4 Solution: Market Size By Region, 2017–2024 (USD Million)
Table 5 Services: Market Size By Region, 2017–2024 (USD Million)
Table 6 Services: Market Size By Type, 2017–2024 (USD Million)
Table 7 Professional Services: Market Size By Region, 2017–2024 (USD Million)
Table 8 Managed Services: Market Size By Region, 2017–2024 (USD Million)
Table 9 Public Key Infrastructure Market Size, By Organization Size, 2017–2024 (USD Million)
Table 10 Large Enterprises: Market Size By Region 2017–2024 (USD Million)
Table 11 Small and Medium-Sized Enterprises: Market Size 2017–2024 (USD Million)
Table 12 Market Size By Deployment Type, 2017–2024 (USD Million)
Table 13 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 14 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 15 Public Key Infrastructure Market Size, By Vertical, 2017–2024 (USD Million)
Table 16 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 17 Government and Defense: Market Size By Region, 2017–2024 (USD Million)
Table 18 Telecom and IT: Market Size By Region, 2017–2024 (USD Million)
Table 19 Healthcare and Life Sciences: Market Size By Region, 2017–2024 (USD Million)
Table 20 Retail and eCommerce: Market Size By Region, 2017–2024 (USD Million)
Table 21 Manufacturing and Automotive: Market Size By Region, 2017–2024 (USD Million)
Table 22 Education: Market Size By Region, 2017–2024 (USD Million)
Table 23 Others: Market Size By Region, 2017–2024 (USD Million)
Table 24 Public Key Infrastructure Market Size, By Region, 2017–2024 (USD Million)
Table 25 North America: Market Size By Component, 2017–2024 (USD Million)
Table 26 North America: Market Size By Service, 2017–2024 (USD Million)
Table 27 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 28 North America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 29 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 30 North America: Market Size By Country, 2017–2024 (USD Million)
Table 31 Europe: Public Key Infrastructure Market Size, By Component, 2017–2024 (USD Million)
Table 32 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 33 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 34 Europe: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 35 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 36 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 37 Asia Pacific: Public Key Infrastructure Market Size, By Component, 2017–2024 (USD Million)
Table 38 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 39 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 40 Asic Pacific: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 41 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 42 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 43 Middle East and Africa: Public Key Infrastructure Market Size, By Component, 2017–2024 (USD Million)
Table 44 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 45 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 46 Middle East and Africa: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 47 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 48 Middle East and Africa: Market Size By Subregion, 2017–2024 (USD Million)
Table 49 Latin America: Public Key Infrastructure Market Size, By Component, 2017–2024 (USD Million)
Table 50 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 51 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 52 Latin America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 53 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 54 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 55 Partnerships, Agreements, and Collaborations, 2018
Table 56 New Product Launches/Product Enhancements, 2018–2019
Table 57 Mergers and Acquisitions, 2017–2018
Table 58 Business Expansions, 2017–2018

List of Figures (33 Figures)
Figure 1 Public Key Infrastructure Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Global Market to Witness Significant Growth During the Forecast Period
Figure 4 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 5 North America to Account for the Highest Market Share in 2019
Figure 6 Fastest-Growing Segments of the Global Public Key Infrastructure Market
Figure 7 Expanding Cyber Threat Landscape Across Industry Verticals to Fuel the Growth of Public Key Infrastructure Market
Figure 8 Solutions Segment to Account for A Higher Market Share During the Forecast Period
Figure 9 Professional Services Segment to Account for A Higher Market Share During the Forecast Period
Figure 10 Banking, Financial Services, and Insurance Vertical, and North America to Account for the Highest Market Shares in 2019
Figure 11 On-Premises Deployment Type to Hold A Higher Market Share in 2019
Figure 12 Asia Pacific to Emerge as the Best Market for Investment Over the Next 5 Years
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Public Key Infrastructure Market
Figure 14 Rate of Applications Using Public Key Infrastructure Credentials, 2015–2017
Figure 15 Top 10 Attack Techniques, 2017
Figure 16 Key Trends Driving the Deployment of Public Key Infrastructure Applications
Figure 17 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 19 Small and Medium-Sized Enterprises Segment to Grow at A Higher CAGR During the Forecast Period
Figure 20 Cloud Deployment Type to Grow at A Higher CAGR During the Forecast Period
Figure 21 Telecom and IT Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 22 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Public Key Infrastructure Market (Global) Competitive Leadership Mapping, 2019
Figure 26 Key Developments By the Leading Players in the Public Key Infrastructure Market, 2017–2019
Figure 27 Gemalto: Company Snapshot
Figure 28 Gemalto: SWOT Analysis
Figure 29 Nexus Group: Company Snapshot
Figure 30 SWOT Analysis: Adobe
Figure 31 Verisign: Company Snapshot
Figure 32 SWOT Analysis: Verisign
Figure 33 WISeKey: Company Snapshot

Note: Product cover images may vary from those shown
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  • ACTALIS
  • Comodo
  • DigiCert
  • ENIGMA
  • Emudhra
  • Entrust Datacard
  • Futurex
  • Gemalto
  • GlobalSign
  • HARICA
  • Nexus Group
  • SSL.Com
  • Securemetric
  • Verisign
  • WISeKey
Note: Product cover images may vary from those shown
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