Global Public Key Infrastructure Market Latest Research Report to Share Market Insights and Dynamics
- ehteshampeerzade
- Feb 11, 2021
- 3 min read
Market Highlights
The global public key infrastructure market is projected to grow at a CAGR of 22.7 % during the forecast period of 2017 and 2023.
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.
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.
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 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.
Segmentation:
To generate a detailed understanding of the market the global public key infrastructure (PKI) industry has been segmented on the basis of services, deployment, end -users and region.
Based on services, the market has been segmented into PIN authentication, enrollment services, secure roaming, self-recovery, self-registration, others.
Based on deployment, the market has been segmented into cloud-based, on-premise, others.
Based on end-user, the market has been segmented into Healthcare and Life Sciences, Human Resources, Manufacturing, Government and Defense, BFSI, Education and Research, Others.
Based on regions, the market has been segmented into North America, Europe, APAC, and rest of the World.
Regional Analysis:
Public Key Infrastructure Market is growing with the positive growth in all the regions. Increasing application areas on yearly basis and advancement in technology and integration with current manufacturing environment is driving the market on global scale. Asia Pacific regions in dominating the market due to rich presence of manufacturing companies in China, India, Japan, Taiwan and South Korea. The region is also one of the prominent leaders in semiconductor industry and largest exporter around the world. North America stands as second largest market for Public Key Infrastructure due to technological advancement and growing IT and semiconductor industry.
The region is also home to some of the key players of Public Key Infrastructure system. Europe stands as third biggest market for Public Key Infrastructure. From the past 10 years, Germany was one of the major developers of machine vision system and the trend continued till the year 2015. Rich automotive industry in this region is one of the biggest drivers which is supporting the market of machine vision. Europe Public Key Infrastructure market also sees immense potential due to the growing banking, healthcare and foods and beverage industry.
Key Players:
The major players in the public key infrastructure system market are Verisign Inc. (U.S), Docusign Inc. (U.S), Comodo Group Inc. (U.S), GoDaddy Group Inc. (U.S), GMO GlobalSign Inc. (U.S), Gemalto N.V. (Netherlands), Comodo, Signix Inc.v (U.S), Identrust Inc. (U.S), Ascertia Company (U.S), Entrust Datacrad Corp. and others.
Verisign Inc., Comodo, GoDaddy Group, and Entrust Datacrad Corp. Are the dominat players accounting for more than 70 % of the market in 2016.
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