The Europe Public Key Infrastructure (PKI) Market would witness market growth of 17.5% CAGR during the forecast period (2021-2027).
Public key infrastructure refers to the group of roles, procedures, hardware, policies, and software, which are needed to make, distribute, manage, store, usage, and revoke digital certificates along with managing public-key encryption. The objective of PKI is to allow safer electronic information transfer for a wide range of network activities like secure email, e-commerce, and internet banking.
This technology is needed for activities where easy passwords are insufficient authentication procedures and the stricter proof is required to authenticate the identity of the parties included in communication and to authenticate the data being shared. PKI is a technological improvement utilized in the era of digitalization to fulfill the objective of user & device authentication. In addition, it provides digital identification proof. It is broadly utilized in the financial services, IT & telecom industries, retail & e-commerce, and several other fields.
With the growing cases of cyber-attacks, companies are majorly inclining towards the usage of various PKI solutions, which would bolster the demand for PKI solutions in this region. Additionally, there are many companies that are increasingly investing in building a safer network for the company and the clients and thus, contributing to the significant growth of the PKI market in this region.
The increasing investment of various companies in the adoption of advanced technologies is opening lucrative opportunities for key market players of the region. Moreover, the surging demand for PKI solutions from small and medium enterprises is motivating the key market players to introduce advanced and improved solutions to fulfill the augmenting demand. This is further estimated to support the regional growth of the PKI market.
The Germany market dominated the Europe Cloud Public Key Infrastructure (PKI) Market by Country 2020, thereby, achieving a market value of $337.1 million by 2027. The UK market is exhibiting a CAGR of 20.8% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 22.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Public Key Infrastructure (PKI) Market Size will Hit 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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