NEWARK, Del, June 30, 2022 (GLOBE NEWSWIRE) -- The Public Key Infrastructure (PKI) Market revenues were estimated at US$ 3.9 Bn in 2021 and is anticipated to grow at a CAGR of 18.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 25.1 Bn.
The importance of PKI deployment in banking and financial services for safeguarding businesses cannot be overstated. Banking fraud attempts increased by almost 160% between the final three months of 2020 and the first three months of 2021, as hackers attempted to disguise their attack as genuine internet activity. As a result, there is a greater requirement for protection through enhanced PKI. However, in order to minimize data breaches, outages, and compliance violations, PKI must be properly installed. In the financial services and insurance industries, identity identification is crucial. Verifying digital identities is critical for building consumer confidence and ensuring transaction security.
The fast expansion of digitalization, new technologies, and user behaviors, on the other hand, is rapidly changing the ways banks engage with their customers and workers. This will forever fuel changes in identity management duties. As a result, the position of banks and financial services in the identity supply chain is constantly being re-evaluated.
Mobile banking apps have taken banking to new heights, removing the need for conventional banking centers. Anyone using a smartphone and an internet connection may now rapidly monitor account balances, transfer cash, and make payments without visiting a branch. In the not-too-distant future, as one can easily envision the Internet of Things (IoT) and voice-enabled functions making banking simple. Real-world uses of this technology have already arrived in our homes, with televisions, autos, and other devices becoming voice-friendly.
Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15101
Key Takeaways from the Market Study
- Global Public Key Infrastructure (PKI) Market is expected to reach a market size of US$ 4.7 Bn by 2022.
- The Hardware Security Modules (HSM) segment, is expected to have the highest CAGR rate of 18.7% during the forecast period.
- United States to remain the most dominant market with absolute dollar growth opportunity of US$ 7.3 Bn during 2022 – 2032.
- The market in China is set to experience the highest CAGR of 18.1% during the 2022-2032 forecast period.
“During the projected period, the rising occurrences of malware attacks, spike in implementation of IoT and cloud trends are likely to assist in raising the Public Key Infrastructure (PKI) market revenue.” comments a Future Market Insights analyst.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Public Key Infrastructure (PKI) Market are focused on R&D to produce innovative technological solutions.
- In February 2022, Thales extended its partnership with Google Cloud to enhance public confidence in the cloud. A stronger link enables organizations to use very sensitive data in Google Cloud Platform with confidence (GCP). Ubiquitous Data Encryption is enabled, which is a technology that integrates Google Cloud's Confidential Computing with Thales' CipherTrust Cloud Key Manager. Using the Thales CipherTrust Data Security Gateway, consumers may produce and control encryption keys for data transferred to Google Confidential Cloud Computing.
- In November 2021, PrimeKey has collaborated with the Microsoft Intelligent Security Association to combine their solutions in order to protect against a growing number of cyber threats. Enterprise Java Beans Certificate Authority, a customised corporate PKI and certificate management system, that interfaces with Microsoft Intune as a part of Microsoft Endpoint Manager.
For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-15101
Segments:
By Component:
- Public Key Infrastructure Hardware Security Modules (HSM)
- Public Key Infrastructure Solutions
- Public Key Infrastructure Services
- Professional Public Key Infrastructure Services
- Managed Services
By Deployment Mode:
- Cloud Based Public Key Infrastructure
- On Premises Public Key Infrastructure
By Organization Size:
- Small and Medium Enterprises
- Large Enterprises
By Vertical:
- BFSI
- Government and Defense
- IT and Telecom
- Retail
- Healthcare
- Manufacturing
- Other
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-15101
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
4. Global Public Key Infrastructure Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
Get detailed TOC @ https://www.futuremarketinsights.com/toc/rep-gb-15101
Have a Look at Related Research Reports of Technology
Analog & Digital IC Development Tools Market Size is likely to register a CAGR of 7.3% during the forecast period, and is anticipated to reach a market share of US$ 729.64 Billion by 2032, from US$ 360.67 Billion in 2022
Industrial Machine Vision Market Share is anticipated to be valued at US$ 8.45 Billion in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 16.46 Billion from 2022 to 2032
mHealth Solutions Market Demand stands at a value of US$ 101.12 Bn, and this revenue is anticipated to surge to an impressive US$ 685.99 Bn by the end of 2030
5G in Automotive and Smart Transportation Market Value is worth US$ 1.49 Bn at present, and detailed market analysis reveals that it is estimated to surge to a valuation of US$ 9.77 Bn by the end of 2030
Digital Risk Protection Platform Market Trends is anticipated to expand at a high CAGR of 9.8% from 2022 to 2030. The market accounts for a valuation of US$ 946.6 Mn at present, and is predicted to reach US$ 1.96 Bn by the end of 2030
Mindfulness Meditation Application Market Forecast is set to enjoy a valuation of US$ 192.7 Mn in 2022, and further expand at a CAGR of 9.5% to reach US$ 397.9 Mn by the year 2030
Intelligent Enterprise Data Capture Software Market Outlook is estimated at US$ 9 Bn in 2022, and is projected to close in on a valuation of US$ 21.1 Bn by 2029, expanding at a CAGR of 12.9% from 2022 to 2029
I2C Bus Market Demand is expected to be valued at US$ 7.57 Billion in 2022, expected to reach US$ 12.44 Billion by 2032
Centralized Workstation Market Size is currently valued at around US$ 14,687.4 Mn in 2022. The centralized workstation market is anticipated to progress at a CAGR of 11.9% to reach US$ 45,160.2 Mn by 2032
Legal Transcription Market Share stood at around US$ 1,988.9 Mn in 2021, and is slated to increase at a CAGR of 6.5% to reach a valuation of US$ 3,267.7 Mn by 2029
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/public-key-infrastructure-pki-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
