Dublin, June 25, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
The global PKI market size is expected to grow from USD 1,790 million in 2019 to USD 3,620 million by 2024, at a Compound Annual Growth Rate (CAGR) of 15.1% from 2019 to 2024.
Public Key Infrastructure (PKI) is a framework which provides a set of policies, software solutions, and processes to distribute, relocate, and verify the public keys used for public key encryption. The solution helps in verifying the identities of devices, people, and services to prevent any unauthorized access and impersonation by the unauthorized personnel.
The technology acts as a one-stop solution for organizations that are concerned about identity mismanagement and data theft across their critical infrastructures. PKI uses various technologies such as encryption and digital signatures to authenticate the identity of an authorized individual.
The technology allows the users and systems to communicate and exchange the data safely over the internet by verifying the legitimacy of the webservers, applications, and individuals who possess certificates issues by the certificate authorities for identity validation.
Key players in the global PKI market include Verisign, SSL Corp. (SSL.com), ACTALIS S.p.A. (ACTALIS), HARICA, Securemetric, Enigma, eMudhra, Gemalto, Nexus Group (Nexus), Entrust Datacard, DigiCert, Futurex, Comodo, GlobalSign, and WISeKey.
They have adopted various growth strategies such as new product launches, mergers and acquisitions, partnerships, collaborations, and business expansions to expand their presence in the global PKI market.
Key Topics Covered:
1 Introduction
2 Research Methodology
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
Company Profiles
- ACTALIS
- Comodo
- DigiCert
- ENIGMA
- Emudhra
- Entrust Datacard
- Futurex
- Gemalto
- GlobalSign
- HARICA
- Nexus Group
- SSL.Com
- Securemetric
- Verisign
- WISeKey
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