Public Key Infrastructure Market to Reach $14.49 Bn by 2030 with 26.5% CAGR

Rising cyber threats and digital transformation are driving strong PKI adoption across industries to secure identities, data, and critical infrastructure.

WILMINGTON, DE, UNITED STATES, December 10, 2025 /EINPresswire.com/ -- According to a new report published by Allied Market Research Public Key Infrastructure Market By Component (Hardware Module, Solution, and Services), Deployment Mode (On-premise and Cloud), Organization Size (Large Enterprise and Small & Medium Enterprise), and Vertical (BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030, The global public key infrastructure market size was valued at USD 1.4 billion in 2020 and is projected to reach USD 14.49 billion by 2030, registering a CAGR of 26.5% from 2021 to 2030.

The Public Key Infrastructure (PKI) market is witnessing robust growth as organizations increasingly prioritize secure digital communication and identity authentication. With the rapid shift toward cloud-first models, remote work ecosystems, and digital workflows, PKI has become essential for ensuring trust, privacy, and data integrity across networks and devices. The rise of digital certificates for websites, applications, IoT devices, and enterprise systems continues to fuel widespread adoption.

Furthermore, industries such as BFSI, healthcare, government, telecom, and e-commerce are deploying PKI to safeguard sensitive data, protect customer identities, and meet global compliance standards. As cyberattacks grow more sophisticated, PKI serves as a foundational layer of modern cybersecurity frameworks, enabling encryption, digital signatures, and secure access control across critical infrastructure.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.alliedmarketresearch.com/request-sample/A14231

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬
The primary driver of PKI market expansion is the increasing frequency and complexity of cyber threats targeting digital identities and encrypted channels. Organizations are turning to PKI solutions to mitigate risks and ensure end-to-end security.

Another major factor accelerating growth is the rapid adoption of cloud and hybrid IT environments. Cloud-based PKI platforms offer scalability, automation, and centralized certificate management, making them ideal for modern enterprises with distributed systems.

The explosion of IoT devices is creating massive demand for certificate-based authentication. PKI ensures secure communication between connected devices, preventing identity spoofing and unauthorized access.

Regulatory compliance frameworks such as GDPR, HIPAA, eIDAS, and industry-specific cybersecurity acts are also pushing enterprises to deploy PKI solutions for secure digital identity management and encrypted transactions.

However, challenges such as certificate lifecycle complexity, lack of skilled professionals, and integration issues with legacy systems may slow the market’s full potential. Vendors are responding with automated, cloud-native PKI solutions to reduce operational burden.

𝗕𝘂𝘆 𝗡𝗼𝘄 & 𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 (𝟯𝟬𝟬 𝗣𝗮𝗴𝗲𝘀 𝗣𝗗𝗙 𝘄𝗶𝘁𝗵 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀, 𝗖𝗵𝗮𝗿𝘁𝘀, 𝗧𝗮𝗯𝗹𝗲𝘀, 𝗮𝗻𝗱 𝗙𝗶𝗴𝘂𝗿𝗲𝘀) 𝗮𝘁: https://www.alliedmarketresearch.com/purchase-enquiry/A14231

𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄
The PKI market is segmented by component (solutions and services), deployment mode (on-premises, cloud), organization size (large enterprises, SMEs), and industry verticals including BFSI, government, healthcare, IT & telecom, retail, manufacturing, and energy. Cloud-based PKI solutions are expected to grow fastest due to cost efficiency, flexibility, and easy scalability.

The services segment is expected to be the fastest-growing category, driven by the increasing need to deploy, operate, and maintain PKI systems across enterprises. PKI-related services are broadly divided into professional services and managed services, both of which play a vital role in ensuring seamless and secure functioning of PKI solutions. As organizations rely more heavily on digital identities and encryption, service offerings have become essential for effective implementation, lifecycle management, and optimization. Consequently, vendors are focusing on delivering specialized, high-value services that help businesses streamline operations and strengthen their security posture.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
North America and Europe lead the digital commerce market due to advanced digital infrastructure, high consumer spending, and strong adoption of emerging technologies such as AI, cloud, and predictive analytics. Mature e-commerce ecosystems and robust logistics networks further support market expansion in these regions.

Asia-Pacific is experiencing the fastest growth, driven by massive smartphone adoption, rising disposable incomes, and government initiatives promoting digital payments and e-commerce. Countries like China, India, and Indonesia are emerging as global hubs of digital commerce innovation, with strong competition among local and global players.

𝗚𝗲𝘁 𝗘𝘅𝗽𝗲𝗿𝘁 𝗚𝘂𝗶𝗱𝗮𝗻𝗰𝗲 — 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘄𝗶𝘁𝗵 𝗮𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.alliedmarketresearch.com/connect-to-analyst/A14231

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
The key PKI industry players profiled in the report are Thales, Entrust Datacard, Digicert, Manageengine, Microsoft, Hid Global, Google, Amazon Web Services, Appviewx, and Venafi. This study includes market trends, public key infrastructure analysis, and future estimations to determine the imminent investment pockets.

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗦𝘁𝘂𝗱𝘆
• By component, in 2020, the solution segment is estimated to be the major shareholder. However, the services segment is expected to witness highest growth rate during the forecast period.
• On the basis of deployment, the on-premise segment accounted for the highest revenue in 2020; however, the cloud segment is expected to witness highest growth rate during the forecast period.
• On the basis of organization size, the large enterprise segment accounted for the highest revenue in 2020; however, the SME segment is expected to witness highest growth rate during the forecast period
• On the basis of vertical, the IT and telecom segment accounted for the highest revenue in 2020; however, the healthcare segment is expected to witness highest growth rate during the forecast period.
• Region-wise, the public key infrastructure market was dominated by North America in 2020. However, Asia-Pacific is expected to witness significant growth in the coming years.

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David Correa
Allied Market Research
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