Public Key Infrastructure Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Public Key Infrastructure market in 2021?

The global Public Key Infrastructure market is expected to reach a market size of USD 2.4 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 8.5%.

COVID-19 Impact on the Public Key Infrastructure Market

The COVID-19 pandemic had a significant impact on the Public Key Infrastructure market. With the shift towards remote work and increased digital transactions, the demand for secure authentication solutions provided by PKI saw a surge.

Public Key Infrastructure Dynamics

The dynamics of the Public Key Infrastructure market are influenced by factors such as increased cybersecurity threats, regulatory compliance requirements, and the adoption of cloud-based PKI solutions.

Segments and Related Analysis

The Public Key Infrastructure market can be segmented based on deployment type, industry vertical, and region. The adoption of cloud-based PKI solutions is on the rise due to their scalability and cost-effectiveness.

By Region Analysis

Regionally, North America held the largest market share in the Public Key Infrastructure market in 2021, followed by Europe and Asia Pacific. The increasing digitalization initiatives and data security regulations are driving market growth in these regions.

Key Market Players and Competitive Landscape

Key players in the Public Key Infrastructure market include Symantec Corporation, Thales Group, DigiCert Inc., and GlobalSign. These companies focus on product innovation and strategic partnerships to maintain their competitive edge.

Recent happenings in the Public Key Infrastructure Market

In recent developments, Symantec Corporation launched a new PKI solution with enhanced security features. Thales Group acquired a leading PKI provider to expand its portfolio of digital security solutions.