DUBLIN--(BUSINESS WIRE)--The "Global Public Key Infrastructure Market By Component, By Deployment Type, By Enterprise Size, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Public Key Infrastructure (PKI) Market size is expected to reach $10.5 billion by 2027, rising at a market growth of 18.4% CAGR during the forecast period.
Companies Mentioned
- Google, Inc.
- Amazon.com, Inc.
- Microsoft Corporation
- Zoho Corporation Pvt. Ltd.
- Entrust Corporation (Thoma Bravo, LP)
- Futurex LP
- HID Global Corporation
- Venafi, Inc. (Thoma Bravo)
- Keyfactor (Certified Only, Inc.)
- Nexus Group
Public key infrastructure refers to a security technology structure of encryption and cybersecurity, which assists in securing the communication between the client and the server. This technology operates by utilizing two distinct cryptographic keys viz. a private key and a public key. A public key needs to be accompanied by a private key, which is owned by a trusted party, in order to communicate on a website.
In addition, the technology safeguards the user's data from any kind of breach or theft. There are many companies that are increasingly adopting the Secure Sockets Layer (SSL) certificate, which utilizes public key infrastructure for authentication and encryption. These trusted certificates are issued by certificate authorities and could be utilized to validate entities. The trust hierarchy while issuing digital certificates involves numerous entities like intermediate certificate authorities, root certificate authorities, and issuing certificate authorities.
The process of permitting data sharing or transaction between the receiver and sender by offering protection with public & private keys, which are sanctioned by central authorities by using digital certificates, is known as Public Key Infrastructure (PKI). The rising adoption of PKI services and solutions and the increasing concerns related to the loss of important data are among the key aspects bolstering the growth of the PKI market. In addition, the growing cases of malware and file-based attacks, the rising trust in online sellers & customers, and strict mandatory compliances and regulations are anticipated to fuel the growth of the PKI market.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has impacted various segments of society. During this crisis, the internet ecosystem has played a crucial role across the world, which is ongoing in the world. Several sectors including BFSI, manufacturing, healthcare & life sciences, automotive, transport & logistics, retail, among others, are increasingly utilizing the internet to deliver their crucial services to consumers. There are numerous companies that have witnessed declining demand for a PKI system.
Market Growth Factors:
The increasing concerns regarding loss of crucial data
There are several companies that are increasingly adopting various technological developments like virtualization, enterprise mobility, and cloud storage to increase business productivity. These advancements have enabled companies to function effectively and in real-time so that business information can be conveniently accessed on mobile gadgets from the cloud and virtual storage. Though, this access to important business data on mobile devices is expected to increase the data loss and theft risk.
Growing adoption of IoT trend in numerous industrial verticals
There are many companies that are majorly focusing on the effects of the latest applications like IoT on PKI. The introduction of IoT has offered several opportunities for every industry vertical. Companies are getting more concerned about the instant release of new products in the market, regardless of the proper deployment of the security controls. Due to this, the security concerns and cyber risks on the security of IoT devices are increasing.
Market Restraining Factor:
Usage of self-signed certificates
There are numerous companies that establish private certification authorities or utilize self-signed certificates to validate and protect internal servers, applications, and IP addresses, which do not need a public trust, however, require the security offered by SSL encryption. These self-signed certificates can provide encryption just like a certificate signed by a trusted authority. Though, the certificate could not be canceled like a trusted certificate, and it is expected to result in an attack on visitors' connections.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul - 2021, Aug) Leading Players
Chapter 4. Global Public Key Infrastructure (PKI) Market by Component
Chapter 5. Global Public Key Infrastructure (PKI) Market by Deployment Type
Chapter 6. Global Public Key Infrastructure (PKI) Market by Enterprise Size
Chapter 7. Global Public Key Infrastructure (PKI) Market by End User
Chapter 8. Global Public Key Infrastructure (PKI) Market by Region
Chapter 9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/j75gnx
