In an increasingly information-centric world, it is crucial for organizations and businesses to access, share and exchange information. The exchange of information must be convenient, quick, safe and secure. Digital certificates and public key infrastructure (PKI) was developed for secure data transfer over unsecured networks. They both combine to form a single, unified product category. It has been used to confirm that the person sender information is the authenticated sender of the transaction while the person receiving information is the projected receiver. This also ensures the authenticity of transaction data. PKI needs a system that generates and manages digital certificates. The purpose of PKI is to establish and maintain a reliable networking environment.
Digital certificates and public key infrastructure (PKI) represent one of the most valuable and secure solutions for customers across the globe for many purposes such as e-Passport, secure e-mail and network folder encryption, document-signing and strong authentication. The future of secure technology and application enablement is represented by the continued evolution of PKI. PKI is a modular, user-friendly and developed technology that enables organizations to validate users without any effort, protects crucial information at relatively low cost and provides dependable security. It provides a transparent and easy to use platform for the secure exchange of information over multiple networks. Once it has been deployed, PKI functions to validate identities, provides authenticated digital signatures, secures e-mail communication via encryption and encrypts critical information.
Improved operational efficiency at lower costs, improved security and controlled workflow and enhanced end-to-end customer experience act as the major drivers for promoting growth in the digital certificates and public key infrastructure market. It provides user organizations with many opportunities in the field of technological innovations with increased acceptance of cloud-based security solutions and secure communication. It acts as a tool to help in financial transactions, regulatory compliance and national security. Proper digital signature implementation is a major challenge in some networks. Lack of awareness and insufficient recognition among organizations about digital signature legalities is restraining the market’s growth.
The global digital certificates and public key infrastructure market has been segmented on the basis of solutions, services, deployment type, application and regionally. On the basis of solution, the market is classified into hardware and software solutions. By services the market has been divided into managed and professional services. Segmentation on the basis of deployment model includes cloud-based and on-premise models. By application the digital certification market has been divided into human resources, education and research, banking, financial services, and insurance, healthcare and life sciences, legal, real estate, manufacturing, government and defense and others. This market has been studied for five geographic regions namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The cloud-based deployment mode is predicted to have the largest market share during the forecast period. This is because it provides digital signature solutions to users at a reduced operational and implementation cost. It involves quick and secure data exchange between authenticated sender and receiver in a signing-enabled cloud environment. This is in turn also reduces the use of paper. North America is forecasted to have largest market share due to the early adoption of cloud-based technology, followed by Europe, while the Asia Pacific region is expected to have fastest growth rate. The factors promoting market growth in this region will be the need for a secure and cost-effective solution for crucial data transfer with identity authentication facilities.
The major players of the global digital certificates and public key infrastructure market include Adobe Systems, Inc., Entrust Datacard Corporation, Rpost Technologies, Gemalto N.V., Esignlive By Vasco, Signix, Inc., Ascertia, Secured Signing Limited, Docusign, Kofax Limited (A Lexmark Company), and Identrust, Inc.
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