Global Public Key Infrastructure (PKI) Market Report 2023-2028: Cloud-Based PKI Solutions Surging in Popularity - Ensuring Scalable and Secure Cybersecurity

Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The "Global Public Key Infrastructure (PKI) Market by Component (HSM, Solutions, Services), Deployment Mode (On-premises, Cloud), Organization Size, Vertical (BFSI, Healthcare, IT& Telecom), Application, and Region - Forecast to 2028" report has been added to's offering.

In today's digitally driven world, safeguarding sensitive data and ensuring trust in online transactions are of utmost importance. As a result, the global Public Key Infrastructure (PKI) market has emerged as a vital domain for forward-thinking businesses. With the surge in cyberattacks and increasing regulatory compliance requirements, the robust encryption, authentication, and digital signature capabilities offered by PKI have become essential.

The global PKI market is projected to be worth USD 13.8 billion by 2028, growing at a CAGR of 20.2% during the forecast period. PKI is essential for ensuring trust and security in digital interactions, protecting sensitive data, and enabling secure online transactions. This comprehensive PKI market research report equips businesses with the knowledge to capitalize on emerging trends and secure their digital future.

The cloud segment within the PKI market is expected to witness substantial growth during the forecast period, reflecting a broader shift toward cloud-based cybersecurity solutions. Cloud-based PKI offers scalability, flexibility, and accessibility, making it an ideal choice for organizations adapting to the evolving digital landscape. With the world increasingly relying on remote work and secure access to digital resources, cloud-based PKI is a key driver of trust and security.

The Asia Pacific region is also poised for significant growth in the PKI market, underlining the importance of strengthening digital security and trust across diverse industries. With a growing population of internet users and a thriving e-commerce ecosystem, PKI is crucial for securing online transactions, protecting critical data, and building trust in digital identities.

Key Market Insights:

  • The global PKI market is projected to reach USD 13.8 billion by 2028, with a CAGR of 20.2% during the forecast period, driven by the escalating volume and complexity of cyberattacks.
  • Services are expected to register the highest growth rate during the forecast period as organizations seek support in deploying and managing PKI solutions.
  • The cloud deployment mode is set to record the highest growth rate, aligning with the broader industry trend of adopting cloud-based cybersecurity solutions.

Competitive landscape

The major players in the public key infrastructure market are Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US).

Premium Insights

  • Rising Cases of Malware and File-based Attacks and Stringent Regulatory Norms to Drive Market
  • Solutions Segment to Account for Largest Share During Forecast Period
  • Professional Services Segment to Account for Larger Market During Forecast Period
  • On-Premises Segment to Lead Market During Forecast Period
  • Large Enterprises Segment to Lead Market During Forecast Period
  • Bfsi Segment to Account for Largest Market by 2028
  • Asia-Pacific to Emerge as Best Market for Investment

Market Dynamics


  • Stringent Regulatory Standards and Data Privacy Compliances
  • Rising Concerns Pertaining to Loss of Critical Data
  • Increase in Penetration of Online Channels
  • Rise in Malware and File-based Attacks


  • Technical Complexities Involved
  • Running Private Certificate Authorities or Using Self-Signed Certificates


  • Exponential Increase in Adoption of IoT Across Industry Verticals
  • Proliferation of Cloud-based and Virtualization Technologies


  • Lack of Awareness Among Organizations About Importance of PKI Certificates
  • Limited Expertise and Resources for Deployment of PKI
  • Entrenched Traditional Business Practices

Case Study Analysis

  • Finance in Motion Collaborated with GlobalSign to Supplement KeyTalk's Existing Certificate and Management Services.
  • University of Colorado Chose Sectigo to Manage Its Digital Certificates.
  • eMudhra Helped Mauritius Government Implement National Public Key Infrastructure.

Company Profiles

Key Players

  • Thales
  • Entrust Datacard
  • Digicert
  • Manageengine
  • Microsoft
  • Hid Global
  • Google
  • Amazon Web Services

Other Players

  • Appviewx
  • Venafi
  • Nexus
  • Sectigo
  • Futurex
  • Globalsign
  • Wisekey
  • Cygnacom Solutions
  • Keyfactor
  • Ssl.Com
  • Stormshield
  • Lawtrust
  • Softlock
  • Secardeo GmbH
  • Blue Ridge Networks
  • Securemetric
  • Enigma Information Security Systems

Key Attributes:

Report AttributeDetails
No. of Pages281
Forecast Period2023 - 2028
Estimated Market Value (USD) in 2023$5.5 Billion
Forecasted Market Value (USD) by 2028$13.8 Billion
Compound Annual Growth Rate20.2%
Regions CoveredGlobal

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Global Public Key Infrastructure Market

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