Public Key Infrastructure (PKI) Market 2018 Size, Share | Industry expected to grow at USD$ ~1.99 Billion by 2023, at ~22.7% of CAGR

Public Key Infrastructure Market, By Services (PIN Authentication, Enrollment Services, Secure Roaming, Self-Recovery, Self-Registration), By Deployment, By End-User (Manufacturing, Government and Defense, BFSI, Education and Research, Hospitals,) – Global Forecast 2023

Market Highlights:

A public key infrastructure (PKI) are policies, roles, and procedures essential to manage, distribute, digital certificates and public-key encryption with an aim to secure the transfer of electronic information. PKIs are used for encryption, authentication, bootstrapping secure communication protocols, electronic signatures, and others.

The explosive growth and burgeoning demand for electronic communication generated from the growing range of network activities including e-commerce, internet banking and confidential email are the prime drivers of the market. The growing concerns over information security has necessitated identity proof of the parties involved in the communication so as to validate the authenticity of transferred information. The importance of PKI can be attested by the fact that public key infrastructure (PKI) generates the highest revenue to the e-signature market.

The attractive economics of electronic communications such as elimination of paper costs, and low operational cost are further drivers of the market. More ever the creation of antecedents such as the development of Internet of things is expected to provide future market equity for the global public key infrastructure market as IOT requires secure communication between mutually trusted devices.

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Major Key Players:

Docusign Inc.(U.S), Comodo Group Inc.(U.S), Kofax Ltd. (U.S), GoDaddy Inc.(U.S), GMO GlobalSign Inc. (U.S), Verisign Inc.(U.S), Gemalto N.V.( Netherlands), Signix Inc.(U.S), Ascertia Company (U.S), Secured Signing Limited (Australia)Entrust Data Cartd Corporation (U.S) and Identrust Inc.(U.S) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Public Key Infrastructure market.
Verisign Inc., Comodo, GoDaddy Group, and Entrust Datacrad Corp. Are the dominat players accounting for more than 70 % of the market in 2016

Global Public Key Infrastructure Market – growing information security concerns coupled with explosive adoption of electronic communications expected to propel the market to a high CAGR

Going ahead with the market drivers, Standards are emerging to simplify integration and are developed by experts to ensure high quality, faster, higher resolution systems and easier to use software. The Public Key Infrastructure standards make the technology appear more mature. Some of industry standards for machine vision systems are Camera Link standard for interfacing cameras to frame grabbers, which digitize analog video signals. This standard ensures easy integration of these devices, even ones from different manufacturers. Connectors, cables, data format, and control signals are all standardized. The standardization is increasing continuously and driving the machine vision market.

Market Segmentation:

By services, the global public key infrastructure market has been segmented into PIN authentication, enrollment services, secure roaming, self-recovery, self-registration, and, others.
By deployment, the public key infrastructure market is segmented into cloud-based, on-premises, and, others.
By end-user, the global public key infrastructure market has been segmented into healthcare and life sciences, human resources, manufacturing, government and defense, BFSI, education and research, and, others.

Regional Analysis:

North America and Europe lead the world regions owing to their first comer advantage, large demand, and developed communication infrastructure. The U.S. leads the world followed by the European nations of Germany, France and the U.K. However the dominance of the developed nations may soon come to an end by the explosive growth of the Asia Pacific nations especially China and India.
The Middle East and Africa market is expected to be dominated by the Gulf economies such as Saudi Arabia, UAE and others. Africa is expected to generate moderate growth owing to poor connectivity and digital divide.

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Intended Audience

• Training and education service providers
• Data integration service providers
• Banking and Insurance service providers
• Technology standards organizations
• Digital signature vendors
• Digital signature service providers
• Product manufacturers/ developers
• Consultancy firms/advisory firms
• Technology investors
• Research institutes,
• System Integrators
• Research/Consultancy firms

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Release ID: 401087