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North America Public Key Infrastructure Market Forecast to 2030
North America Public Key Infrastructure Market Forecast to 2030 – Regional Analysis – by Component [Solutions and Services (Professional Services and Managed Services)], Deployment (On-Premise and Cloud), Enterprise Size (SMEs and Large Enterprises), and End User (BFSI, Retail & E-commerce, Government & Defense, IT & Telecom, Manufacturing & Automotive, and Others)
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Description
Increasing Cybersecurity Threats Across Industries Fuels North America Public Key Infrastructure Market
The cases of cyberattacks are rising in enterprises as well as government sectors across the globe. The Insight Partners analysis reported that the number of security incidents across each and every industry increased by 40% in 2017 from 2016. A rise in threats of cyber-attacks in different industries such as BFSI, healthcare, and others, along with growing government regulations are compelling organizations to invest heavily in digital security. Enterprises are becoming increasingly alert to cyber threats. Cybersecurity has already become a critical issue across business, industries, governments, and society; and is expected to continue being a massive issue in the coming years. In the last few years, cyberattacks have affected the ease of conducting business across many industries, including BFSI, healthcare, media & entertainment, and public industries. As per the World Economic Forum, cybersecurity has become a significant challenge for the private as well as public sectors. Such threats are rising the demand for advanced data security solution, fueling the market growth.
Furthermore, in order to keep the data and device secure, public key infrastructure certificates are used. A public key is a coded value that has both private and public parts, and it enables information to be encrypted and decoded by object or person and operate as a digital certificate. Public key infrastructure certificates are issued by various certificate authorities that create and manage them. The creation of public key infrastructure certificate and its management can be conducted through a management company or in-house. X.509 digital certificates have gained traction in the past few years because they represent identity in a cross-platform. Digital certificates are gaining popularity as they do not need to be publicly trusted or purchased from GeoTrust, Symantec, DigiCert, and other “big box” certificate vendors; they can be issued by an organizations in-house public key infrastructure. Thus, the increasing cases of cybersecurity threats across industries boost the adoption of digital certificates, which drives the market for public key infrastructure.
North America Public Key Infrastructure Market Overview
The public key infrastructure market in North America is segmented into the US, Canada, and Mexico. North America is the early adopter of technologies and has a good IT infrastructure. With the increase in the frequency of cyber-attacks and advancements in technologies, it has become essential for private and government organizations to adopt adequate security solutions to ensure the security of data and avoid fraud due to the theft of credentials.
The Internet Crime Complaint Center (IC3) revealed that in 2022, the FBI received more than 800K cybercrime-related complaints, which led to losses of over US$ 10 billion. These complaints in 2022 included phishing (300k complaints were filed), personal data breach (58k complaints were filed), non-payment/non-delivery scams (51k complaints), extortion (39k complaints), tech support scams (32k complaints), and others. The agency also revealed that in the last five years, they have received a total of 3.26 million complaints, leading to losses of ~US$ 27.6 billion. Thus, the growth in cybercrime activities is raising the need for public key infrastructure to secure the data, fueling the market growth in the region.
Furthermore, the market growth in the region is attributed to the increasing demand for PKI in the automotive industry. According to the American Automotive Policy Council (AAPC), the automotive industry in the US accounts for ~3% of the country’s GDP. The automotive industry has become increasingly dependent on electronic data and systems, which has raised the need for data security in the industry. This is further raising the demand for PKI, as it provides a reliable level of authentication and encryption for connected cars. Thus, the growing need for data security in the automotive industry and the increasing cybercrimes are fueling the growth of the public key infrastructure market in North America.
North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
North America Public Key Infrastructure Market Segmentation
The North America public key infrastructure market is segmented into component, deployment, enterprise size, end user, and country.
Based on component, the North America public key infrastructure market is segmented into solutions and services. The solutions segment held a larger share of the North America public key infrastructure market in 2022. The services segment is further sub segmented into professional services and managed services.
Based on deployment, the North America public key infrastructure market is segmented into on-premise and cloud. The on-premise segment held a larger share of the North America public key infrastructure market in 2022.
Based on enterprise size, the North America public key infrastructure market is segmented into SMEs and large enterprises. The large enterprises segment held a larger share of the North America public key infrastructure market in 2022.
Based on end user, the North America public key infrastructure market is segmented into BFSI, retail & e-commerce, government & defense, IT & telecom, manufacturing & automotive, and others. The BFSI segment held the largest share of the North America public key infrastructure market in 2022.
Based on country, the North America public key infrastructure market is segmented into the US, Canada, and Mexico. The US dominated the North America public key infrastructure market in 2022.
Digicert Inc., eMudhra Limited, Entrust Corp, Fortinet Inc., Futurex LP, GMO GlobalSign Ltd, Sectigo Ltd, and Thales SA are some of the leading companies operating in the North America public key infrastructure market.
Summary Info
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According to the Research Team’ research, the North America public key infrastructure market was valued at US$ 1,056.25 million in 2022 and is expected to reach US$ 3,743.44 million by 2030, registering a CAGR of 17.1% from 2022 to 2030. Increasing cybersecurity threats across industries and increasing use of digital certificates in various applications are among the critical factors attributed to the North America public key infrastructure market expansion.
With the increasing trend of digital certificates, PKI is witnessing a huge adoption in various applications. Digital certificate authentication helps various organizations to ensure that only trusted devices and users are being connected to the networks. Also, digital certificates are widely used in SSL certificates for public-facing websites & services, VPN & private networks, public cloud-based applications, email security, device authentication, enterprise user authentication, document signing, private cloud-based applications, and code signing, among others.
Over the past few years, the rise in cloud applications such as IoT and the growing use of digital certificates have been raising the demand for PKI globally. In addition, the cloud PKI solutions offer several benefits, including increased security, lower total cost of ownership (TCO), and easier certificate management. Also, PKI is expected to continue to play a major role in the sales of mobiles to ensure device identity, authentication, and trust anchoring. With the rise in the number of organizations that use certificates for secure mobile connection to Wi-Fi and VPN networks, PKI is implemented to meet the increased demand for the safe, secure transmission of all kinds of data. Thus, the increasing use of digital certificates for various applications is expected to propel the growth of the public key infrastructure market in the coming years.
On the contrary, lack of technically skilled professionals hampers the North America public key infrastructure market.
Based on component, the North America public key infrastructure market is segmented into solutions and services. The solutions segment held 75.3% share of North America public key infrastructure market in 2022, amassing US$ 795.51 million. It is projected to garner US$ 2,779.58 million by 2030 to expand at 16.9% CAGR during 2022-2030. The services is further sub segmented into professional services and managed services.
Based on deployment, the North America public key infrastructure market is segmented into on-premise and cloud. The on-premise segment held 60.5% share of North America public key infrastructure market in 2022, amassing US$ 638.80 million. It is projected to garner US$ 2,166.63 million by 2030 to expand at 16.5% CAGR during 2022-2030.
Based on enterprise size, the North America public key infrastructure market is segmented into SMEs and large enterprises. The large enterprises segment held 65.5% share of North America public key infrastructure market in 2022, amassing US$ 691.91 million. It is projected to garner US$ 2,343.55 million by 2030 to expand at 16.5% CAGR during 2022-2030.
Based on end user, the North America public key infrastructure market is segmented into BFSI, retail & e-commerce, government & defense, IT & telecom, manufacturing & automotive, and others. The BFSI segment held 29.4% share of North America public key infrastructure market in 2022, amassing US$ 310.15 million. It is projected to garner US$ 1,042.45 million by 2030 to expand at 16.4% CAGR during 2022-2030.
Based on country, the North America public key infrastructure market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.5% share of North America public key infrastructure market in 2022. It was assessed at US$ 881.65 million in 2022 and is likely to hit US$ 3,160.59 million by 2030, exhibiting a CAGR of 17.3% during 2022-2030.
Key players operating in the North America public key infrastructure market are Digicert Inc., eMudhra Limited, Entrust Corp, Fortinet Inc., Futurex LP, GMO GlobalSign Ltd, Sectigo Ltd, and Thales SA, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America Public Key Infrastructure Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Public Key Infrastructure Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
4.3 Premium Insights
4.3.1 Strengths and Weakness of Public Key Infrastructure
4.3.1.1 Strength
4.3.1.2 Weakness
4.3.2 Blockchain and Public Key Infrastructure
5. North America Public Key Infrastructure Market – Key Industry Dynamics
5.1 North America Public Key Infrastructure Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Cybersecurity Threats Across Industries
5.2.2 Growing Logistics and E-Commerce Sectors
5.2.3 Increasing Number of Connected Devices
5.3 Market Restraints
5.3.1 Lack of Technically Skilled Professionals
5.4 Market Opportunities
5.4.1 Increasing Adoption of Public Key Infrastructure in Government-to-Citizen Applications
5.5 Future Trends
5.5.1 Increasing Use of Digital Certificates in Various Applications
5.6 Impact of Drivers and Restraints:
6. Public Key Infrastructure Market – North America Market Analysis
6.1 North America Public Key Infrastructure Market Revenue (US$ Million), 2022 – 2030
6.2 North America Public Key Infrastructure Market Forecast and Analysis
7. North America Public Key Infrastructure Market Analysis – Component
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Professional Services
7.2.3.1 Overview
7.2.3.2 Professional Services: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.4 Managed Services
7.2.4.1 Overview
7.2.4.2 Managed Services: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8. North America Public Key Infrastructure Market Analysis – Deployment
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9. North America Public Key Infrastructure Market Analysis – Enterprise Size
9.1 SMEs
9.1.1 Overview
9.1.2 SMEs: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9.2 Large Enterprises
9.2.1 Overview
9.2.2 Large Enterprises: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10. North America Public Key Infrastructure Market Analysis – End User
10.1 Banking, Financial Services, & Insurance (BFSI)
10.1.1 Overview
10.1.2 BFSI: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.2 Retail & e-Commerce
10.2.1 Overview
10.2.2 Retail & e-Commerce: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.3 Government & Defense
10.3.1 Overview
10.3.2 Government & Defense: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.5 Manufacturing & Automotive
10.5.1 Overview
10.5.2 Manufacturing & Automotive: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
11. North America Public Key Infrastructure Market – Country Analysis
11.1 North America Public Key Infrastructure Market
11.1.1 North America Public Key Infrastructure Market, by Key Country
11.1.1.1 US: North America Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.1.1.1 US: North America Public Key Infrastructure Market, by Component
11.1.1.1.2 US: North America Public Key Infrastructure Market, by Deployment
11.1.1.1.3 US: North America Public Key Infrastructure Market, by Enterprise Size
11.1.1.1.4 US: North America Public Key Infrastructure Market, by End User
11.1.1.2 Canada: North America Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.1.2.1 Canada: North America Public Key Infrastructure Market, by Component
11.1.1.2.2 Canada: North America Public Key Infrastructure Market, by Deployment
11.1.1.2.3 Canada: North America Public Key Infrastructure Market, by Enterprise Size
11.1.1.2.4 Canada: North America Public Key Infrastructure Market, by End User
11.1.1.3 Mexico: North America Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.1.3.1 Mexico: North America Public Key Infrastructure Market, by Component
11.1.1.3.2 Mexico: North America Public Key Infrastructure Market, by Deployment
11.1.1.3.3 Mexico: North America Public Key Infrastructure Market, by Enterprise Size
11.1.1.3.4 Mexico: North America Public Key Infrastructure Market, by End User
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Digicert Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Futurex LP
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 eMudhra Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Entrust Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Fortinet Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sectigo Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Thales SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 GMO GlobalSign Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. North America Public Key Infrastructure Market Segmentation
Table 2. North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Table 3. North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) -Component
Table 4. North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) – Deployment
Table 5. North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) – Enterprise Size
Table 6. North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) – End User
Table 7. US: North America Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 8. US: North America Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 9. US: North America Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 10. US: North America Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 11. Canada: North America Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 12. Canada: North America Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 13. Canada: North America Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 14. Canada: North America Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 15. Mexico: North America Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 16. Mexico: North America Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 17. Mexico: North America Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 18. Mexico: North America Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Public Key Infrastructure Market Segmentation, By Country
Figure 2. Ecosystem: North America Public Key Infrastructure Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America Public Key Infrastructure Market Revenue (US$ Million), 2022 – 2030
Figure 5. North America Public Key Infrastructure Market Share (%) -Component, 2022 and 2030
Figure 6. Solutions: North America Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 7. Services: North America Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 8. Professional Services: North America Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 9. Managed Services: North America Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 10. North America Public Key Infrastructure Market Share (%) – Deployment, 2022 and 2030
Figure 11. On-Premise: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Cloud: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Public Key Infrastructure Market Share (%) – Enterprise Size, 2022 and 2030
Figure 14. SMEs: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Large Enterprises: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America Public Key Infrastructure Market Share (%) – End User, 2022 and 2030
Figure 17. BFSI: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Retail & e-Commerce: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Government & Defense: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. IT & Telecom: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Manufacturing & Automotive: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Others: North America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. North America Solar Energy Market, By Key Country – Revenue (2022) (US$ Million)
Figure 24. North America Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 25. US: North America Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 26. Canada: North America Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 27. Mexico: North America Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
The List of Companies – North America Public Key Infrastructure Market
1. Digicert Inc.
2. eMudhra Limited
3. Entrust Corp
4. Fortinet Inc.
5. Futurex LP
6. GMO GlobalSign Ltd
7. Sectigo Ltd
8. Thales SA
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