Market Overview

PKI is going to be next step in management and the security of data. There are growth and growing demand for the electronic communication generated from growing number of the network activities such as the e-commerce and internet banking. Individuality security is growing concern in the fields. For such purpose, the platforms have required ID proof for parties involved in transaction. The PKI encrypts data into large numerical values created through software. This improves the security of information transferred and identity of sender and receiver over communication network.

Segment Overview

The solution segment is likely to hold larger market size in PKI market by component. PKI solutions help to secure communication between server and the client by encoding the data flow. Organizations are adopting PKI solution for ensuring unceasing compliance. PKI defines set of roles, procedures and policies, used to create, distribute, store and manage, digital certificates and also manage public-key encryption. These solutions are gaining traction due to increasing trust on the online sellers and the customers, and to protect the organizations from malware and the file-based attacks.

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Regional Overview

North America is projected to account for highest market share in PKI market in 2019. Early implementation of PKI solution and presence of several vendors which provide PKI are anticipated to drive the market growth in region. Businesses in region are progressively implementing these solutions to detect and to prevent the threats at their early stage.

Asia Pacific has growing number of smartphones and increasing adoption of technology, this is leading to the augmented use of the online banking and the e-commerce. Organizations are accepting PKI solutions for ensuring security of their sensitive data. Growing number of industries, online traffic, banking systems automation, and government initiatives for the digitalization will fuel public key infrastructure market.

Competitor overview

PKI is security technology framework of cyber security and encryption that helps secure communication between server and the client. The technology works using two different cryptographic keys, a public key and private key. To communicate over website, public key has to be supplemented with private key that is held by trusted party. It protects user’s information from the theft or tampering. To achieve the secure communication, organizations are adopting Secure Sockets Layer (SSL) certificate which uses public key infrastructure for the encryption and authentication. Certificates issued by the certificate authorities are reliable and can be used to validate entities. The trust hierarchy in the issuing digital certificate includes various entities, for instance intermediate certificate authorities, root certificate authority, and issuing certificate authorities.

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Key Players

1. Gemalto

2. Nexus Group

3. Verisign

4. Entrust Datacard

5. DigiCert

6. Futurex

7. Comodo

8. GlobalSign

9. WISeKey

10. SSL.com

11. ACTALIS

12. HARICA

13. Securemetric

14. ENIGMA

15. eMudhra

Market Segmentation

By Solution

• Enrolment service

• Self-registration

• PIN authentication

• Inventory of digital identities

• Secure roaming

By Product

• Web-Based

• Cloud-Based

By End Use

• Healthcare and Life Science

• Aerospace and Defense

• Human Resource

• Manufacturing

• Government

• BFSI

• Retail

• Education

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