LAMEA Public Key Infrastructure (PKI) Market By Component (Solution, Hardware Security Modules (HSM), and Services), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Retail, Government & Defense, Healthcare, Telecom & IT, Manufacturing, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Public Key Infrastructure (PKI) Market would witness market growth of 23% CAGR during the forecast period (2021-2027).
The public key infrastructure’s objective is to maintain the public keys utilized by the network for public-key encryption, certificate revocation, certificate distribution, identity management, and certificate management. Whenever it gets enabled, customers who enrol for any certificate are recognized for later authentication or certificate revocation.
The key market players of the PKI market are majorly focusing on the consistent up-gradation of encryption solutions to get an upper hand in the competitive market. For example, DigiCert, in January 2020, unveiled the latest PKI tools like Enterprise PKI Manager and IoT Device Manager. Such latest solutions assist the company to improve its PKI solution by utilizing modern software design & engineering & bolster its position in the market.
Enterprises in this region are becoming more aware of the benefits and importance of PKI solutions and services, which is fueling the growth of the regional PKI market. In addition, the expanding budget of companies in this region is motivating them to adopt the latest PKI solutions. The large enterprises across various industrial verticals in this region are bolstering the demand for PKI solutions in this region.
However, the lack of expert professionals in PKI is restricting the growth of the regional PKI market. But, as digitalization is getting on its peak, the demand for such improved solutions will witness a spur in its adoption. The increasing investment of the companies in building strong IT infrastructure is creating more demand for PKI solutions and services across the region, which would propel the growth of the regional PKI market.
The Brazil market dominated the LAMEA Telecom & IT Public Key Infrastructure (PKI) Market by Country 2020, thereby, achieving a market value of $38.1 million by 2027. The Argentina market would witness a CAGR of 22.5% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 21.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
- Hardware Security Modules (HSM)
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- Government & Defense
- Telecom & IT
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.)
- Nexus Group
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