Title: Public Key Infrastructure Market Is Predicted to Grow At More Than 20% CAGR From 2023 To 2032
1Public Key Infrastructure Market Trends, Analysis
Forecast, 2032
2- As per a recent research report, Global Public
Key Infrastructure Market share is likely to
surpass USD 20 Bn valuation by 2032. - Global Public Key Infrastructure (PKI) Market
share is expected to grow substantially through
2032 due to the increasing concerns related to
safeguarding intellectual property assets. - To protect their Intellectual Property (IP)
assets, such as design data and product
development information, companies are putting
more and more emphasis on using PKI. Unencrypted
data can result in data leaks and thefts, putting
financial pressure on businesses trying to
resolve patent disputes. - Prominent industry players are effortlessly
working on introducing innovations in the market
to gain a competitive edge over others. For
instance, in May 2021, WISeKey collaborated with
Ocean Protocol (Ocean), a decentralized exchange
protocol that unlocks AI data, to develop
TrustedNFT.io. The alliance enables WISeKey to
increase its visibility in the NFT sector.
3- The public key infrastructure industry is
segmented in terms of type, service, deployment
model, organization size, application, and
region. - Based on service, the managed service segment is
anticipated to propel at more than 27.5 CAGR
from 2023 to 2032. Managed services minimize the
need to deploy new software components and aid in
the reduction of operational costs, thus driving
the industry growth. - With respect to organization size, the large
enterprises segment is speculated to expand
positively over the review years credited to the
growing trend of Bring Your Own Devices (BYOD)
among businesses. This increase in BYOD trends
has supported the growing adoption of PKI
solutions across large corporations. - In terms of application, the BFSI segment is
poised to garner sizeable growth through 2032
fueled by the rise in data breaches and
disclosures across the BFSI industry. Moreover,
attacks on web application authentication systems
by banking Trojan botnets would further stimulate
the product demand.
4North America PKI industry is projected to expand
at approximately 20 CAGR from 2023 to 2032.
Growing digitization has enabled businesses in
the region to improve the accessibility of their
resources. Major utility service providers are
utilizing IoT-based public-key encryption
technologies to secure their transactions,
thereby propelling the industry landscape.
- IBM Corporation, Securemetric, Ascertia, Comodo,
DigiCert, Inc., Microsoft Corporation, Assa Abloy
Group (HID Global), Verisign Inc., ACTALIS
S.p.A., SSL, Inc., DocuSign Inc.
5Public Key Infrastructure (PKI) Market _at_
https//www.gminsights.com/industry-analysis/publi
c-key-infrastructure-pki-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/3
727
Request for customization https//www.gminsights.
com/roc/3727
6Stay In Touch Social Media
7THANK YOU
www.gminsights.com