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Public Key Infrastructure (PKI) Market 2021 u2013 2027 | Regional Growth Insights and Revenue Statistics
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Public Key Infrastructure (PKI) Market to 2027 - Analysis By Leading Players, Key Regions And Trend Forecast • The global public key infrastructure (PKI) market is slated to register appreciable gains over the ensuing years, driven by the surging demand from enterprises for the enhancement of security capacities in response to the increasing instances of file-based attacks and malware. Such advancements are expected to drive the demand for public key infrastructure in cryptography through the forecasted period. On this note, the public key infrastructure (PKI) market size is estimated to surpass USD 7 billion by 2027, cites the latest research by Global Market Insights, Inc. • The industry growth is also attributed to an increase in product launch initiatives by major public key infrastructure companies. For instance, in March 2019, Unisys Corporation rolled out Unisys Managed Public Key Infrastructure (PKI), a new service designed for the central management of the process by which enterprises authenticate devices and users on their networks. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Public key infrastructure comprises roles, software policies, and a procedure that is utilized for the creation, management, and distribution of digital certificates, and for the validation of cryptography owned by the user. PKI deployed encryption algorithms to help companies for securing communications and ensuring the privacy of data that has been sent from one computer to another. • Over the recent years, the rising penetration of smartphones and internet has created a trend for online shopping. The market is reporting a massive upsurge in the number of financial transactions and digital payments. Therefore, retailers require encryption and authentication services for securing their network infrastructure and transactions. Owing to this, the retail segment is estimated to record exponential growth through the forecasted period. • Meanwhile, enterprises have also started opting for public key infrastructure in cloud computing. This is because these systems aid in decreasing resources, infrastructure investments, and the time of individual enterprises by eliminating the requirement for organizations to invest in the deployment of infrastructure. • In a nutshell, increasing digital interaction and the rising dependence on digital authentications and regulatory compliance across businesses will stimulate public key infrastructure (PKI) market growth over the assessment period. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis • On the other hand, the public key infrastructure industry in Europe is estimated to hold a valuation of more than USD 1.5 billion by 2027. This growth is attributed to the surging demand for encryption technologies from enterprises for the purpose of securing cloud-based attacks on digital enterprise resources. The regional expansion is also propelled by the presence of numerous PKI vendors and the surging implementation of public key infrastructure management solutions for the detection and prevention of threats at their early stages. • Competitive Analysis • Key players operating in the market are: ACTALIS S.p.A., Ascertia, Assa Abloy Group (HID Global), Comodo, DigiCert, Inc., DocuSign Inc., eMudhra Limited, Enigma SystemyOchronyInformacji Sp. z o.o., Entrust Corporation, Futurex, Gemalto (Thales Group), GlobalSign Ltd., IBM Corporation, Microsoft Corporation, Nexus Secured Business Solutions AB, Securemetric, SIGNiX, Inc., SSL, Inc., Verisign Inc., and WISEKEY International Group © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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