Digital Certificates and Public Key Infrastructure Market

Digital Certificates and Public Key Infrastructure Market: Demand for Software Solutions to
Drive Market, says TMR
The global market for digital certificates and public key infrastructure is highly consolidated in
nature, finds a research report by Transparency Market Research (TMR). With the recent
acquisitions of small companies by giants ones, the market is likely to undergo more
consolidation over the next few years.
In 2016, more than 76% of the overall market was held by the top four players in this market,
namely, Verisign Inc., Comodo, GoDaddy Group, and Entrust Datacrad Corp. These companies
are expected to upgrade service quality and diversify their value added services on a regular
basis, which is anticipated to further increase the competition within the market in the years to
come, states the research report.
According to TMR, the opportunity in the global digital certificates and public key infrastructure
market was US$1.95 bn in 2016. Thanks to the innovations in the technology and the widening
application base, the market is likely to expand at a remarkable CAGR of 23.60% during the
period from 2017 to 2025 and attain a value of US$12.90 bn by the end of the period of the
forecast. Among the type of solutions provided in this market, software solutions have been
more popular and are anticipated to remain leading throughout the forecast period, reports the
BSFI to Remain Strong as Key Application Area
In this research report, the BFSI, real state, education and research, healthcare and life
sciences, human resources, legal, manufacturing, and the government and defense sectors
have been considered as the key application areas of digital certificates and public key
infrastructure across the world. As per the study, the demand for digital certificates has been
stronger in the BFSI sector compared to other application areas. The scenario is anticipated to
remain the same in the years to come, thanks to the growing awareness among consumers
about these solutions, resulting in their increased adoption for safe and reliable transactions
across the world.
The report also analyzes this market on the basis of its presence across various regions, i.e.,
North America, Asia Pacific, Europe, the Middle East and Africa, and South America. With a
revenue of US$678.8 mn, North America led the overall market in 2016. The regional market is
expected to remain dominant throughout the forecast period, thanks to the presence of the
key market players, such as Comodo and Verisign, and giant browser makers, such as Google
and Apple, in this region.
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Enhanced Operational Efficiency at Decreased Costs to Benefit Market
“Since digital certificates and public key infrastructure solutions help collect signatures without
signing or printing a physical document, thereby decreasing the cycle time lapsed in signature
gathering and, consequently, making the enterprises more agile, their demand has been
increased substantially,” says the author of this study. These solutions also help enterprises in
reducing the cost for storing signatures on paper, leading to a decreased operational cost.
The increasing knowledge about these benefits among consumers is reflecting positively on the
market’s growth. The future of this market also looks thriving. However, it may face challenges
from the lack of awareness and technical incompetency over the next few years, states the
research report.
The study presented here is based on a report by Transparency Market Research (TMR), titled
“Digital Certificates and Public Key Infrastructure Market (Solution – Hardware and Software;
Deployment Model – Cloud-Based and On-Premise; Application – BFSI, Real Estate, Education
and Research, Healthcare and Life Sciences, Human Resources, Legal, Manufacturing,
Government, and Defense) – Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017-2025.”