The Asia Pacific Public Key Infrastructure (PKI) Market would witness market growth of 20.3% CAGR during the forecast period (2021-2027).
PKIs offer a framework, which allows cryptographic data security technologies like digital signatures and certificates to be efficiently implemented on a mass scale. Additionally, PKIs support identity management services inside and across various networks and reinforce online authentication characteristics in transport layer security (TLS) and a secure socket layer (SSL) for securing internet traffic, along with document and transaction signing, time-stamping, and application code signing. Further, it also supports solutions for citizen identification, mobile banking, desktop login, mass transit, and is very crucial for device credentialing in the IoT. Device credentialing is gaining more traction to share identities to rising numbers of internet-connected and cloud-based devices, which operate the range from smartphones to the medical device.
The increasing number of companies across emerging nations like China and India is contributing to the regional demand for PKI solutions. In addition, the expanding cases of data breaches and cyber-attacks are compelling companies to adopt security services or solutions to protect their data over the internet. This requirement has surged the demand for PKI solutions in the regional market and would continue to rise in the coming years.
Companies across this region are heavily investing in building a strong and protected network, which is opening new growth avenues for the market players. The introduction of a wide range of advanced solutions by these market players is attracting more companies towards its adoption and hence, augmenting the growth of the regional PKI market.
The China market dominated the Asia Pacific Small & Medium Enterprises Public Key Infrastructure (PKI) Market by Country 2020, thereby, achieving a market value of $249.9 million by 2027. The Japan market is showcasing a CAGR of 21.9% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 23.1% during (2021 - 2027).
Based on Component, the market is segmented into Solution, Hardware Security Modules (HSM), and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail, Government & Defense, Healthcare, Telecom & IT, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Public Key Infrastructure (PKI) Market is Projected to reach USD 10.5 Billion by 2027, at a CAGR of 18.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google, Inc., Amazon.com, Inc., Microsoft Corporation, Zoho Corporation Pvt. Ltd., Entrust Corporation (Thoma Bravo, LP), Futurex LP, HID Global Corporation, Venafi, Inc. (Thoma Bravo), Keyfactor (Certified Only, Inc.), and Nexus Group.
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
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