+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Global Digital Certificates and Public Key Infrastructure Market: Demand for Software Solutions to Drive Market, says TMR

Posted on Apr 24, 2017

The global market for digital certificates and public key infrastructure is highly consolidated in nature, finds a research report by Transparency Market Research (TMR). With the recent acquisitions of small companies by giants ones, the market is likely to undergo more consolidation over the next few years.

In 2016, more than 76% of the overall market was held by the top four players in this market, namely, Verisign Inc., Comodo, GoDaddy Group, and Entrust Datacrad Corp. These companies are expected to upgrade service quality and diversify their value added services on a regular basis, which is anticipated to further increase the competition within the market in the years to come, states the research report.

According to TMR, the opportunity in the global digital certificates and public key infrastructure market was US$1.95 bn in 2016. Thanks to the innovations in the technology and the widening application base, the market is likely to expand at a remarkable CAGR of 23.60% during the period from 2017 to 2025 and attain a value of US$12.90 bn by the end of the period of the forecast. Among the type of solutions provided in this market, software solutions have been more popular and are anticipated to remain leading throughout the forecast period, reports the study.

digital certificates public key infrastructure market

BSFI to Remain Strong as Key Application Area

In this research report, the BFSI, real state, education and research, healthcare and life sciences, human resources, legal, manufacturing, and the government and defense sectors have been considered as the key application areas of digital certificates and public key infrastructure across the world. As per the study, the demand for digital certificates has been stronger in the BFSI sector compared to other application areas. The scenario is anticipated to remain the same in the years to come, thanks to the growing awareness among consumers about these solutions, resulting in their increased adoption for safe and reliable transactions across the world.

The report also analyzes this market on the basis of its presence across various regions, i.e., North America, Asia Pacific, Europe, the Middle East and Africa, and South America. With a revenue of US$678.8 mn, North America led the overall market in 2016. The regional market is expected to remain dominant throughout the forecast period, thanks to the presence of the key market players, such as Comodo and Verisign, and giant browser makers, such as Google and Apple, in this region.

Enhanced Operational Efficiency at Decreased Costs to Benefit Market

“Since digital certificates and public key infrastructure solutions help collect signatures without signing or printing a physical document, thereby decreasing the cycle time lapsed in signature gathering and, consequently, making the enterprises more agile, their demand has been increased substantially,” says the author of this study. These solutions also help enterprises in reducing the cost for storing signatures on paper, leading to a decreased operational cost.

The increasing knowledge about these benefits among consumers is reflecting positively on the market’s growth. The future of this market also looks thriving. However, it may face challenges from the lack of awareness and technical incompetency over the next few years, states the research report.

The study presented here is based on a report by Transparency Market Research (TMR), titled “Digital Certificates and Public Key Infrastructure Market (Solution - Hardware and Software; Deployment Model - Cloud-Based and On-Premise; Application - BFSI, Real Estate, Education and Research, Healthcare and Life Sciences, Human Resources, Legal, Manufacturing, Government, and Defense) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025.

The global digital certificates and public key infrastructure market is segmented as below:

By Solution

  • Hardware
  • Software

By Deployment Model

  • Cloud-Based
  • On-Premise

By Application

  • BFSI
  • Real State
  • Education and Research
  • Healthcare and Life Sciences
  • Human Resources
  • Legal
  • Manufacturing
  • Government and Defense
  • Others

By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America
      ?

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top