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
[121 Pages Report] The global Public Key Infrastructure (PKI) market expected grow from USD 1.7 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. The increasing trust in online sealers and customers, and increasing malware and file-based attacks will drive the Public Key Infrastructure market.
PKI is a security technology framework of encryption and cybersecurity that helps secure the communication between the server and the client. The technology works using 2 different cryptographic keys, namely, a public key and a private key. To communicate over the website, the public key has to be supplemented with a private key that is held by a trusted party. It protects the user’s information from theft or tampering. To achieve secure communication, organizations are adopting the Secure Sockets Layer (SSL) certificate that uses public key infrastructure for encryption and authentication. The certificates issued by certificate authorities are trusted and can be used to authenticate entities. The trust hierarchy in issuing digital certificate includes various entities, such as root certificate authority, intermediate certificate authorities, and issuing certificate authorities.
Solution segment to be a larger contributor to the market growth during the forecast period
The solution segment is expected to hold a larger market size in the Public Key Infrastructure market by component. PKI solutions help secure the communication between the server and the client by encrypting the data flow. Organizations are also adopting the PKI solution for ensuring continuous compliance. PKI defines a set of roles, policies, and procedures used to create, manage, distribute, and store digital certificates and manage public-key encryption. PKI solutions are gaining traction due to the increasing trust on online sellers and customers, and to protect organizations from malware and file-based attacks.
Banking, Financial Services, and Insurance (BFSI) industry vertical to hold the largest market size in the Public Key Infrastructure market in 2019
The Banking, Financial Services, and Insurance (BFSI) industry vertical is estimated to hold the largest market size in the PKI market in 2019. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data. The enterprises in this industry vertical are demanding for the PKI solution to ensure irreversible security. Moreover, the BFSI industry vertical is the most regulated, as it has to comply with many security requirements.
North America to hold the largest market size during the forecast period
North America is estimated to account for the highest market share in the PKI market in 2019. Early adoption of PKI solution and the presence of several vendors that provide PKI are expected to drive market growth in the region. Businesses in the region are increasingly implementing PKI solutions to detect and prevent threats at their early stage.
Key Public Key Infrastructure Market Players
Major vendors in the 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).
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
2017–2024 |
|
Base year considered |
2018 |
|
Forecast period |
2019–2024 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Component, deployment type, organization size, vertical, and region |
|
Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
|
Companies Covered |
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). |
The research report categorizes the PKI market based on component (solution, service), deployment type, organization size, vertical and region.
By component, the Public Key Infrastructure market has the following segments:
- Solution
- Services
- Professional Services
- Managed Services
On the basis of deployment type, the PKI market has the following segments:
- On-premises
- Cloud
On the basis of organization size, the PKI market has the following segments:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
On the basis of industry vertical, the PKI market has the following segments:
- BFSI
- Telecom and IT
- Retail and eCommerce
- Healthcare and Life Sciences
- Manufacturing and Automotive
- Education
- Government and Defense
- Others (Energy and utilities and Entertainment [Music and Video])
On the basis of region, the PKI market has the following segments:
- North America
- United States (US)
- Canada
- Europe
- United Kingdom (UK)
- Germany
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- Rest of APAC
- Middle East and Africa (MEA)
- Middle East
- Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Key Questions addressed by the report
- What are new market segments to focus over the next 2–5 years for prioritizing the efforts and investments?
- Which are the key players in the market and how intense is the competition?
- What are the new innovations and developments done by the major market players?
- What are the driving factors, opportunities, restraints, and challenges that drive or hamper the growth of the market?
- What are the regulatory implications that impact the market directly and indirectly?
Frequently Asked Questions (FAQ):
What is Public Key Infrastructure (PKI)?
PKI is a security technology framework of encryption and cybersecurity that helps secure the communication between the server and the client. The technology works using 2 different cryptographic keys, namely, a public key and a private key. To communicate over the website, the public key has to be supplemented with a private key that is held by a trusted party. It protects the user’s information from theft or tampering. To achieve secure communication, organizations are adopting the Secure Sockets Layer (SSL) certificate that uses public key infrastructure for encryption and authentication. The certificates issued by certificate authorities are trusted and can be used to authenticate entities. The trust hierarchy in issuing digital certificate includes various entities, such as root certificate authority, intermediate certificate authorities, and issuing certificate authorities.
What are the top trends in Public Key Infrastructure market?
Trends that are impacting Public Key Infrastructure market includes:
- Increasing Trust on Online Sellers and Customers
- Increasing Instances of Malware and File-Based Attacks
- Proliferation of Cloud-Based Services Among Global Organizations
- Growing IoT Trend Across Industry Verticals
What is the public key infrastructure market size?
The global PKI market size is expected to grow from USD 1.7 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. Major growth drivers for the market include several advantages such as the increasing trust of online sellers and customers and also the increasing dynamicity in the business environment encourages PKI solutions and adoption or data security.
Which are the leading vendors operating in this market?
Some of the prominent players in the PKI market include Gemalto, Nexus Group, Verisign, Entrust Datacard, DigiCert, Futurex, Comodo, GlobalSign, WISeKey, SSL.com, ACTALIS, HARICA, Securemetric, ENIGMA and eMudhra.
Which are the major Public Key Infrastructure verticals?
Some of the major verticals that deploy PKI are Government and Defense, Banking, Financial Services and Insurance (BFSI), IT and Telecom, Retail and eCommerce, Manufacturing and Automotive, Education, and Healthcare and Life Sciences.
The IT and Telecom vertical is expected to grow at the highest CAGR during the forecast period. Regulatory compliances which ensure the security of the databases of the telcos and technology providers from unauthorized access and identity thefts, will boost the demand for the PKI solutions among IT and Telecom vertical.
The BFSI vertical is expected to dominate the PKI market in 2019. Due to the increasing sophistication level of cyber frauds and data breaches in the banking sector is fueling the demand for the PKI solutions in the BFSI vertical. .
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Table of Contents
1 Introduction (Page No. - 16)
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 (Page No. - 19)
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 (Page No. - 25)
4 Premium Insights (Page No. - 29)
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 (Page No. - 32)
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 (Page No. - 37)
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 (Page No. - 43)
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 (Page No. - 47)
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 (Page No. - 51)
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 (Page No. - 62)
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 (Page No. - 83)
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 (Page No. - 91)
(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 (Page No. - 115)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ 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
The study involved 4 major activities to estimate the current market size for Public Key Infrastructure (PKI). Extensive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The market size of companies offering PKI globally was derived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives, all of which were further validated by primary sources.
Primary Research
The Public Key Infrastructure market comprises several stakeholders, such as PKI providers, PKI solution vendors, government agencies, Independent Software Vendors (ISVs), cybersecurity software vendors, cloud service providers, third-party providers, system integrators, Value-Added Resellers (VARs), Information Technology (IT) security agencies, consulting firms, Managed Security Service Providers (MSSPs), and research organizations. The primary sources included industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the PKI market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, PKI experts, and innovation directors, and related key executives from various key companies and organizations operating in the PKI market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the PKI marketspace.
Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
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Public Key Infrastructure Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the PKI market. The methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakup procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.
Report Objectives
- To define, segment, and project the global market size for Public Key Infrastructure market
- To define, describe, and forecast the PKI market by components (solution and services), deployment type, organization size, verticals, and regions
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the PKI market
- To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders by identifying the high growth segments of the PKI market
- To forecast the market size of the segments with respect to major regions, such as North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
- To profile the key players in the PKI market and comprehensively analyze their market size and core competencies
- To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global PKI market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakup of the North American Public Key Infrastructure market
- Further breakup of the European PKI market
- Further breakup of the APAC PKI market
- Further breakup of the MEA PKI market
- Further breakup of the Latin American PKI market
Company Information
- Detailed analysis and profiling of the additional market players
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Growth opportunities and latent adjacency in Public Key Infrastructure Market
Put simply, unless a PKI technical solution can provide full discovery it can only provide fractional management, that means fractional security in a field where completeness is critical.All current, known providers do only this and it is not unreasonable to suggest that every client still has service outages and unnecessary vulnerabilities due to inadequate PKI.