Public Key Infrastructure Market Poised for Strong Growth, Expected to Reach US$ 14.49 Billion by 2030

The past few decades have witnessed an upward trend for data privacy and security solutions.

WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 4, 2024 /EINPresswire.com/ -- The past few decades have witnessed an upward trend for data privacy and security solutions. From the past few years, security equipment began to become mainstream for commercial and government applications. During this time, enterprise level firewalls, intruder detection systems, identity management systems, event management solutions, and other solution began to emerge. Defense Information Systems Agency (DISA) implemented PKI infrastructure for its Common Access Cards program, providing identification cards for active-duty U.S. Defense personnel. This Common Access Cards program is one of the largest PKI-based applications. The global 𝐏𝐮𝐛𝐥𝐢𝐜 𝐊𝐞𝐲 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at $1.4 billion in 2020, and is projected to reach $14.49 billion by 2030, registering a CAGR of 26.5% from 2021 to 2030.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A14231

Wide applicability of public key infrastructure due to growing number of cyber fraud attempts is expected to push the global public key infrastructure market forward. However, high installation and maintenance costs associated with public key infrastructure might restrain market growth. Nevertheless, rising awareness regarding data privacy amongst users is projected to open up new growth opportunities for the market in the coming period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐀𝐌𝐀𝐙𝐎𝐍 𝐖𝐄𝐁 𝐒𝐄𝐑𝐕𝐈𝐂𝐄𝐒, 𝐈𝐍𝐂., 𝐖𝐈𝐒𝐄𝐊𝐄𝐘 𝐈𝐍𝐂𝐑𝐘𝐏𝐓, 𝐓𝐇𝐀𝐋𝐄𝐒 𝐆𝐑𝐎𝐔𝐏, 𝐌𝐈𝐂𝐑𝐎𝐒𝐎𝐅𝐓 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐄𝐍𝐈𝐆𝐌𝐀 𝐒𝐘𝐒𝐓𝐄𝐌𝐘 𝐎𝐂𝐇𝐑𝐎𝐍𝐘 𝐈𝐍𝐅𝐎𝐑𝐌𝐀𝐂𝐉𝐈 𝐒𝐏. 𝐙 𝐎.𝐎., 𝐃𝐈𝐆𝐈𝐂𝐄𝐑𝐓, 𝐈𝐍𝐂., 𝐆𝐎𝐎𝐆𝐋𝐄 𝐋𝐋𝐂, 𝐇𝐈𝐃 𝐆𝐋𝐎𝐁𝐀𝐋 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐈𝐍𝐓𝐄𝐑𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒 𝐌𝐀𝐂𝐇𝐈𝐍𝐄𝐒 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍

The services segment is estimated to emerge as the fastest growing segment, and includes various services that are required to deploy, execute, and maintain the PKI in a corporation. PKI supported services are further classified into professional services and managed services. Services within the PKI market become critical as they supply support for the right functioning of software solutions. Various vendors within the market are focusing on delivering specialized services to assist organizations with running of business processes.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/227a4ac55609e712626fa30c75937f64

Based on region, the North America public key infrastructure market accounted for the highest market share in 2020 due to adoption of various data security compliance measures by different enterprises of this region. On the other hand, the Asia-Pacific public key infrastructure market is predicted to rise at a CAGR of 28.1% during the analysis timeframe. The extensive rate of adoption of public key infrastructure solutions due to the growing incidence of malware attacks is expected to play a huge role in the growth of the market in this region.

Based on deployment mode, the cloud segment accounted for the highest market share in 2020 due to increasing shift in deployment model towards cloud-based solutions. However, the on-premise segment is predicted to showcase the highest CAGR of 28.7% in the 2021-2030 period.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A14231

In 2019, the global public key infrastructure market share was dominated by the solution segment, and is expected to maintain its dominance in the upcoming years. Rising digitalization across various industries has resulted in the growing need for the digital authentication process to secure enterprise infrastructure. The rising demand to scale back the authentication process cost across various sectors, such as banking, healthcare, and e-commerce, is supporting the surging adoption of public-key encryption solutions.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A14231

Based on component, the services segment is anticipated to have the largest CAGR of 28.7% during the analysis period. The support offered by different services for the right functioning of software solutions will boost the market’s growth. On the other hand, the hardware security modules segment accounted for the largest market share in 2020 due to growing complexity of data security threats.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Security as a Service Market - https://www.alliedmarketresearch.com/security-as-a-service-market

Community Cloud Market - https://www.alliedmarketresearch.com/community-cloud-market-A14623

Algorithmic Trading Market - https://www.alliedmarketresearch.com/algorithmic-trading-market-A08567

Smart Manufacturing Market - https://www.alliedmarketresearch.com/smart-manufacturing-market-A74605

David Correa
Allied Market Research
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