The global DC and PKI market size is slated to gain swift growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 8,027.9 million in 2023. It is anticipated to achieve a valuation of US$ 56,902.1 million by 2033. The market is anticipated to thrive at an astronomical CAGR of 21.6% from 2023 to 2033.
Organizations are stressing data security increasingly due to the rise in cyber threats. Digital certificates that enable secure communication, authentication, and encryption may be issued, managed, and revoked using PKI’s safe architecture. For safe online transactions, secure communications, and identity verification, PKI assures the integrity, secrecy, and authenticity of digital transactions.
The increased need for secure digital transactions and the privacy of sensitive data has led to an expansion of the PKI industry. To meet their demands for data storage, processing, and analysis, organizations pursuing digital transformation projects and utilizing Internet of Things (IoT) technologies, which need a reliable data center infrastructure.
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The growth of the DC and PKI industries is being fueled by technological developments including software-defined data centers (SDDC), hyper-converged infrastructure (HCI), and better encryption techniques. These developments raise the data center infrastructure and PKI solutions’ efficacy, scalability, and security, increasing their allure for businesses looking to streamline operations and safeguard their digital assets.
The adoption of cutting-edge technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain is leading the way in the Asia Pacific area. To manage the enormous data volumes, provide secure communication, and allow trust and authentication in digital transactions, these technologies need a strong data center architecture and PKI solutions.
Key Takeaways from DC and PKI Market:
- The global DC and PKI industry size developed at a CAGR of 19.5% from 2018 to 2022.
- In 2018, the global market size stood at US$ 3,275.1 million.
- The market size stood at US$ 6,689.9 million in 2022.
- In 2022, the hardware segment captured a 59.3% share of the global market.
- In 2022, the on-premise deployment segment garnered a 54.4% share of the global market.
- In 2022, The United States captured an 18.1% share of the global market.
- In 2022, China secured a 20.8% share of the global market.
- In 2022, India recorded a 25.2% share of the global market.
- In 2022, Japan captured a 5.4% share of the global market.
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Recent Developments Observed by FMI:
- In May 2021, Telecom Infra Project, or TIP, chose DigCert to supply PKI-based security services for its open Wi-Fi networks. The DigiCert ONE platform-based PKI for the Internet of Things is an automated digital certificate management system with great scalability.
- In May 2021, ManageEngine released additional capabilities for their Key Manager Plus product, which manages digital certificates with end-to-end encryption. Active Directory PKI infrastructure or AD synchronization for multiple domains have both been added by the new features.
- To promote its Certificate Lifecycle Management Solutions in the nation, AppViewX and Ingram Micro of the United States teamed together in May 2021. Along with this development, the AppliedXpert channel partner program was also introduced.
Key Players Working in the Global Market
- GMO GlobalSign Inc.
- GoDaddy Group
- Version Inc.
- Thales Group
- Comodo Group Inc.
- Signix Inc.
DC and PKI Market Segmentation
By Solution:
- Hardware
- Software
By Deployment Model:
- Cloud-based
- On-premise
By Application:
- Banking, Financial Services, and Insurance (BFSI)
- Real Estate
- Education and Research
- Healthcare and Life Sciences
- Human Resources
- Legal
- Manufacturing
- Government and Defense
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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