Public Key Infrastructure Market
Posted by amit dada on August 21st, 2019
Global Public Key Infrastructure Market was valued at US$ 1.5 Bn in 2018 and is expected to reach US$ 4.7 Bn by 2026, at a CAGR of 15.3 % during a forecast period.
Global Public Key Infrastructure Market
The explosive growth and growing demand for electronic communication generated from the growing range of network activities including e-commerce, internet banking and confidential email are the major drivers of the market. The rising concerns over information security have necessitated identity proof of the parties involved in the communication so as to validate the authenticity of transferred information. The importance of public key infrastructure (PKI) can be attested by the fact that public key infrastructure generates the highest revenue to the e-signature market.
However, running private certificate authorities or using self-signed certificates is the major restraint factor in this market. Also, Major challenge faced by the market is a lack of awareness among organizations about the importance of PKI certificates
Government and Defense segment is projected to hold the major share of the market closely trailed by the aerospace & defense segment. The high demand for securing sensitive government information has been prognosticated to catalyze market growth. For now, the BFSI segment resonates immense growth potential and is poised to increase at a higher CAGR of 23.84% over the forecast period.
North America is one of the leading regions across the globe in terms of the largest market share in the public key infrastructure market owing to the deployment of the market, that has been divided into cloud-based and on-premises. In the cloud-based deployment model, documents can be signed digitally with the help of cloud-hosted signing services which is extensively used in the North America region. The public key infrastructure market in the Europe region is likely to witness rapid growth. Whereas, the Asia Pacific countries like China, Japan and South Korea is an emerging market for the public key infrastructure market. This market has huge potential for growth of public key infrastructure specifically the country such as China because of the growth of rapid industrialization, and increasing focus on security threats in this region.
Recent Developments in Global Public Key Infrastructure Market: In July 2018, GlobalSign partnered with Cayan, a supplier of payment technologies and merchant services, to improve ease-of-use of PKI solutions and decrease the support costs of Cayan’s Genius, a payment processing platform. Following the partnership, GlobalSign included its cloud-based PKI service with Cayan’s Genius platform.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Public Key Infrastructure Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Public Key Infrastructure Market.
Global Public Key Infrastructure Market, By Component
• Large Enterprises
• Banking, Financial Services, and Insurance
• North America
This Report Is Submitted By @ Maximize Market Research Company
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About the Authoramit dada
Joined: August 21st, 2019
Articles Posted: 8
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