Public Key Infrastructure Market Size, Trends & Share Analysis

Name: Public Key Infrastructure Market Size, Trends & Share Analysis | 2030
Creator: Mordor Intelligence
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Public Key Infrastructure (PKI) Market Size and Share

Market Overview

Study Period	2019 - 2030
Market Size (2025)	USD 7.42 Billion
Market Size (2030)	USD 19.49 Billion
Growth Rate (2025 - 2030)	21.30% CAGR
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Public Key Infrastructure (PKI) Market Summary — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Public Key Infrastructure (PKI) Market Analysis by Mordor Intelligence

The Public Key Infrastructure Market size is estimated at USD 7.42 billion in 2025, and is expected to reach USD 19.49 billion by 2030, at a CAGR of 21.3% during the forecast period (2025-2030).

Uptake accelerates as enterprises shift from legacy authentication toward quantum-resistant frameworks aligned with NIST’s August 2024 post-quantum standards ^{[1]National Institute of Standards and Technology, “NISTIR 8547 Draft: Transition to Post-Quantum Cryptography Standards,” nist.gov}. Rapid IoT endpoint growth, zero-trust mandates in financial services, and Asia-Pacific data-residency rules requiring localized certificate authorities collectively reinforce demand. Vendor consolidation, heightened automation needs created by shorter certificate lifespans, and expanding managed-service offerings further shape competitive dynamics. Simultaneously, the acute cryptographic-skills gap and high capital costs of FIPS-140-compliant hardware security modules temper adoption, keeping the Public Key Infrastructure market in a moderately concentrated yet fast-evolving state.

Key Report Takeaways

By component, Solutions held 52.1% of the Public Key Infrastructure market share in 2024, while Services are poised to expand at a 23.5% CAGR to 2030.
By deployment, on-premises models retained 54.2% of the Public Key Infrastructure market size in 2024, whereas cloud PKI is projected to advance at 22.1% CAGR through 2030.
By enterprise size, large organizations commanded 60.2% share of the Public Key Infrastructure market size in 2024; small and medium enterprises record the fastest growth at 23.2% CAGR.
By application, authentication and access control dominated with 38.5% revenue share in 2024; IoT identity management is set to grow at 24.0% CAGR between 2025–2030.
By end-user industry, BFSI led with 26.3% of the Public Key Infrastructure market size in 2024, whereas healthcare and life sciences will post a 22.3% CAGR to 2030.
By geography, North America captured 35.4% revenue share in 2024; Asia Pacific is projected to be the fastest-growing region at 23.1% CAGR to 2030.

Global Public Key Infrastructure (PKI) Market Trends and Insights

Drivers Impact Analysis

Driver	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Proliferation of IoT endpoints necessitating device-level trust	+4.2%	Global; focus on North America & APAC	Medium term (2-4 years)
Zero-trust roll-outs in North-American BFSI	+3.8%	North America, expanding to Europe	Short term (≤ 2 years)
Data-residency mandates fueling national CAs across Asia	+3.5%	Asia Pacific; spillover to MEA	Medium term (2-4 years)
Quantum-readiness programs accelerating modernization in Europe	+2.9%	Europe; early adoption in Germany & UK	Long term (≥ 4 years)
Managed-PKI demand from SMEs in GCC countries	+2.1%	Middle East (GCC); broader MEA	Short term (≤ 2 years)
Migration of national e-ID schemes to PKI platforms in Africa	+1.8%	Africa; focus on South Africa & Nigeria	Long term (≥ 4 years)

Source: Mordor Intelligence

Proliferation of IoT Endpoints Necessitating Device-Level Trust

Smart-grid deployments and connected-vehicle programs create a flood of devices that all require unique cryptographic identities, forcing organizations to automate certificate enrollment at unprecedented scale. Siemens operates dual PKI environments and manages lifecycles for internal users and IoT assets through Red Hat Ansible, illustrating the operational scale now demanded. IEEE 2030.5 further cements PKI as mandatory for distributed energy resources, pushing utilities toward automated lifecycle management. Because IoT devices often remain in service 10-15 years, quantum-resistant algorithms such as those inside SEALSQ’s INeS PKI are already shipping to guarantee future safety. These factors collectively expand the Public Key Infrastructure market through sustained hardware, software, and services outlays.

Zero-Trust Architecture Roll-outs in North-American BFSI

U.S. financial institutions now embed PKI as the trust core of zero-trust blueprints, a stance formalized in NIST SP 800-207 guidance ^{[2]National Institute of Standards and Technology, “Zero Trust Architecture,” nist.gov}. Payment Card Industry regulations have incorporated zero-trust concepts, driving widespread deployment of certificate-based machine and user identities. DigiCert research reports that 96% of security leaders see PKI as the only scalable means to implement continuous verification at line-of-business speed. Intense compliance demands, paired with growing cyber-attack frequency, accelerate PKI spending and underpin near-term growth in the Public Key Infrastructure market.

Data-Residency Mandates Fueling National CAs across Asia

Governments across Asia Pacific are instituting local certificate authorities to keep keys within borders. Japan’s My Number Card PKI now supports 736 firms, while the Philippines’ PNPKI distributes free digital certificates to streamline e-government transactions ^{[3]Philippine News Agency, “PNPKI Ensures Cybersecurity in the Digital Future,” pna.gov.ph}. India’s Aadhaar and UPI systems, both PKI-anchored, illustrate how digital public infrastructure reforms translate into volume license demand ^{[4]Economic Research Institute for ASEAN and East Asia, “India-ASEAN Digital Public Infrastructure Collaboration,” eria.org}. Regional initiatives, such as the Asia Pacific Digital Identity Consortium, promise cross-border interoperability while retaining national control, bolstering the Public Key Infrastructure market outlook.

Quantum-Readiness Programs Accelerating PKI Modernization in Europe

With quantum computing threats on the horizon, European organizations are modernizing PKI stacks well before the end-of-decade deadline. eIDAS now references quantum-safe digital signatures, compelling certificate authorities to integrate CRYSTALS-Dilithium and SPHINCS+ schemes. Yet only 3% of Finnish firms rate themselves ready for the transition, driving significant consulting and hardware refresh spending. Hybrid solutions permitting co-existence of current and post-quantum algorithms have become a standard feature set, feeding another wave of Public Key Infrastructure market demand.

Restraints Impact Analysis

Restraint	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Acute cryptographic-skills gap hindering PKI operations	−2.8%	Global; most severe in emerging markets	Medium term (2-4 years)
High initial cost of FIPS-140-compliant HSMs	−2.3%	North America & Europe; expanding globally	Short term (≤ 2 years)
Fragmented certificate standards across Latin-American regulators	−1.9%	Latin America; spillover to regional trade	Long term (≥ 4 years)
Latency-sensitive 5G/edge use-cases reluctant toward cloud PKI	−1.5%	Global; concentrated in telecom	Medium term (2-4 years)

Source: Mordor Intelligence

Acute Cryptographic-Skills Gap Hindering PKI Operations

Entrust’s 2024 survey shows 64% of enterprises lack skilled staff to operate PKI, while 33% see new IoT use cases adding uncertainty. As post-quantum algorithms arrive, the knowledge deficit widens, prompting heavier reliance on managed services and automation. This restraint tempers the Public Key Infrastructure market expansion, particularly in regions with limited STEM education capacity.

High Initial Cost of FIPS-140-Compliant HSMs

Up-front expenditure for certified hardware security modules remains a hurdle, particularly for SMEs. Although cloud HSM services from IBM and Futurex reduce capex, the pivot converts fixed assets into recurring opex, prolonging return-on-security-investment evaluations. Budget pressure can delay new PKI programs and slows part of the Public Key Infrastructure market.

Segment Analysis

By Component: Services Surge Despite Solutions Dominance

Solutions captured USD 3.86 billion in 2024, equal to 52.1% of the Public Key Infrastructure market. Revenue spans certificate-lifecycle platforms, hardware security modules, and cryptographic toolkits anchoring enterprise trust fabrics. Services, encompassing managed PKI and consulting, will compound at 23.5% through 2030 as firms lacking skilled personnel offload operational complexity. ACME-driven automation, shorter certificate validity proposals, and quantum-migration roadmaps intensify the need for external expertise, cementing services’ long-term momentum within the broader Public Key Infrastructure market.

As post-quantum standards mature, organizations purchase advisory projects to integrate CRYSTALS-Dilithium and SPHINCS+ algorithms without downtime. This consulting wave dovetails with managed-service contracts that convert capex into predictable opex. The result is a secular inversion: services growth surpasses infrastructure growth even though hardware security modules remain non-discretionary for root-of-trust integrity. Vendors differentiate by bundling lifecycle automation and compliance dashboards, raising switching costs and reinforcing recurring revenue streams in the Public Key Infrastructure industry.

Public Key Infrastructure (PKI) Market: Market Share by Component — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Deployment: Cloud PKI Challenges On-Premises Dominance

On-premises architectures held 54.2% of the Public Key Infrastructure market in 2024, reflecting enterprise control preferences for root CAs. Yet cloud PKI is rising at 22.1% CAGR as scalability, rapid provisioning, and consumption-based pricing outweigh sovereignty concerns for many workloads. DigiCert ONE’s listing on Microsoft Azure typifies frictionless procurement, accelerating adoption among DevOps teams. Hybrid models keeping root keys on-site while issuing leaf certificates from the cloud are becoming standard, underpinning transition journeys without jeopardizing compliance.

Latency-sensitive edge deployments in 5G and autonomous-vehicle environments, however, still shy away from remote validation to avoid performance hits. Consequently, the Public Key Infrastructure market exhibits a bifurcated deployment profile: mission-critical low-latency use cases remain on-premises, whereas web-scale or public-facing applications migrate to SaaS PKI. Vendors that offer consistent policy control across the two realms increase stickiness and reduce migration risk.

By Enterprise Size: SMEs Drive Growth Through Managed Services

Large enterprises accounted for 60.2% of the Public Key Infrastructure market in 2024, backed by their deep resources and compliance mandates. Small and medium enterprises now form the fastest-growing cohort at 23.2% CAGR, leveraging managed PKI subscriptions to bypass skill shortages and hardware purchases. In the Gulf Cooperation Council, government e-services require certificate-based authentication, pushing SMEs onto external PKI platforms.

Automation, pay-as-you-go pricing, and bundled HSM-as-a-Service deliver enterprise-grade security without the associated overhead. Asian Development Bank data underscores the scale: SMEs constitute 97% of firms across developing Asia, representing a vast unpenetrated addressable base. Vendors tailor simplified dashboards, guided onboarding, and compliance templates to accelerate adoption, further expanding the Public Key Infrastructure market footprint.

By Application: IoT Identity Management Accelerates Beyond Authentication

Authentication and access control delivered 38.5% of 2024 revenue, reaffirming PKI’s foundational role in safeguarding users and systems. IoT identity management is set to outpace all other segments with 24.0% CAGR, fueled by smart-grid programs and connected-vehicle rollouts that each demand low-touch certificate provisioning at planetary scale. Code signing and software integrity uses have also risen sharply following high-profile supply-chain attacks, inducing enterprises to embed PKI into DevSecOps pipelines.

Payment ecosystems, including emerging CBDC pilots, lean on high-performance certificate validation, extending market relevance into fintech micro-services. Hence, even as the Public Key Infrastructure market sustains its legacy stronghold in enterprise authentication, new edge-device and software-supply-chain demands catapult fresh spending categories.

Public Key Infrastructure (PKI) Market: Market Share by Application — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By End-user Industry: Healthcare Accelerates While BFSI Leads

BFSI retained 26.3% of global demand in 2024, guided by stringent data-protection statutes and zero-trust adoption. Healthcare and life sciences will register the fastest CAGR at 22.3% through 2030 as electronic health records, telemedicine, and connected medical devices require tamper-proof identities for clinicians and patients. Government and defense remain consistent adopters via e-ID programs, while manufacturing leans on PKI for secure industrial IoT.

Media, retail, and utilities sectors likewise integrate certificate-based controls for content protection, payment security, and distributed energy resource authentication. These cross-industry expansions reinforce the Public Key Infrastructure market’s centrality to digital-trust architectures.

Geography Analysis

North America retained 35.4% of 2024 revenue, anchored by early enterprise adoption and federal post-quantum directives. U.S. agencies and banks dominate procurement, while Canada’s healthcare digitization fuels steady growth. Asia Pacific is the clear high-velocity engine at 23.1% CAGR, with Japan’s My Number ecosystem, India’s Aadhaar and UPI rails, and China’s smart-city initiatives all delivering large-scale certificate volumes.
Europe follows with strong albeit steadier expansion as eIDAS and GDPR drive privacy-centric CAs alongside quantum-upgrade projects. Latin America grows more slowly due to fragmented standards, though Brazil’s digital-government program offers upside. The Middle East and Africa lure managed-service vendors to compensate for local skills shortages, especially where national e-ID schemes are underway. Overall, geography-specific drivers ensure the Public Key Infrastructure market grows in every region albeit at varied speeds.

Public Key Infrastructure (PKI) Market CAGR (%), Growth Rate by Region — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

The Public Key Infrastructure market remains moderately concentrated. DigiCert, Entrust, and Thales leverage decades-old roots of trust, entrenched audit credentials, and extensive partner ecosystems. Cloud hyperscalers—Amazon Web Services, Microsoft, and Google—pressure incumbents by embedding PKI into broader cloud security suites, lowering adoption barriers for DevOps-centric clients. Post-quantum readiness is the emerging battleground; vendors that offer crypto-agile stacks and automated migration tooling differentiate strongly.

2024 consolidation re-shaped the field: CyberArk paid USD 1.54 billion for Venafi to unify machine-identity management with secrets governance.Sectigo’s acquisition of Entrust’s public certificate business doubled its enterprise footprint and accelerated roadmap execution toward shorter-lived certificates.Patent filings surged, with DigiCert registering 81 new applications around AI-driven lifecycle orchestration and quantum-safe issuance.These moves reflect a strategic stretch toward platform convergence, recurring revenue, and future-proof cryptography all central themes sustaining competition in the Public Key Infrastructure market.

Public Key Infrastructure (PKI) Industry Leaders

Microsoft Corporation
HID Global Corporation
Amazon Web Services, Inc.
Google LLC
Entrust Corporation
*Disclaimer: Major Players sorted in no particular order

Public Key Infrastructure (PKI) Market Concentration — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Recent Industry Developments

March 2025: DigiCert introduced DigiCert ONE, converging PKI and DNS management to automate renewals and mitigate DDoS exposure.
February 2025: Sectigo completed the acquisition of Entrust’s public certificate business, broadening lifecycle-management capabilities and advancing post-quantum readiness.
January 2025: DigiCert reported record FY2025 growth, citing a 67% rise in customers adopting the integrated digital-trust platform .
December 2024: SEALSQ launched INeS PKI featuring CRYSTALS-Kyber and CRYSTALS-Dilithium to secure smart-city and healthcare IoT environments.

Table of Contents for Public Key Infrastructure (PKI) Industry Report

1. INTRODUCTION

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

4.1 Market Overview
4.2 Market Drivers
- 4.2.1 Proliferation of IoT Endpoints Necessitating Device-Level Trust
- 4.2.2 Zero-Trust Architecture Roll-outs in North-American BFSI
- 4.2.3 Data-Residency Mandates Fueling National CAs across Asia
- 4.2.4 Quantum-Readiness Programs Accelerating PKI Modernization in Europe
- 4.2.5 Managed-PKI Demand from SMEs in GCC Countries
- 4.2.6 Migration of National e-ID Schemes to PKI Platforms in Africa
4.3 Market Restraints
- 4.3.1 Acute Cryptographic-Skills Gap Hindering PKI Operations
- 4.3.2 High Initial Cost of FIPS-140-Compliant HSMs
- 4.3.3 Fragmented Certificate Standards Across Latin-American Regulators
- 4.3.4 Latency-Sensitive 5G/Edge Use-Cases Reluctant toward Cloud-PKI
4.4 Value / Supply-Chain Analysis
4.5 Regulatory Outlook
4.6 Technological Outlook
4.7 Porter's Five Forces Analysis
- 4.7.1 Threat of New Entrants
- 4.7.2 Bargaining Power of Buyers
- 4.7.3 Bargaining Power of Suppliers
- 4.7.4 Threat of Substitutes
- 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

5.1 By Component
- 5.1.1 Hardware Security Modules (HSM)
- 5.1.2 Certificate Lifecycle-Management Platforms / Solutions
- 5.1.3 Services
5.2 By Deployment
- 5.2.1 On-premises
- 5.2.2 Cloud
- 5.2.3 Hybrid
5.3 By Enterprise Size
- 5.3.1 Large Enterprises
- 5.3.2 Small and Medium Enterprises (SMEs)
5.4 By Application
- 5.4.1 Authentication and Access Control
- 5.4.2 Secure Email and Document Signing
- 5.4.3 Web and e-Commerce Security (SSL/TLS)
- 5.4.4 IoT Device Identity Management
- 5.4.5 Code Signing and Software Integrity
- 5.4.6 Payment Processing and Mobile Wallets
5.5 By End-user Industry
- 5.5.1 BFSI
- 5.5.2 Government and Defense
- 5.5.3 IT and Telecom
- 5.5.4 Healthcare and Life Sciences
- 5.5.5 Manufacturing and Industrial
- 5.5.6 Retail and E-Commerce
- 5.5.7 Media and Entertainment
- 5.5.8 Energy and Utilities
- 5.5.9 Education
- 5.5.10 Automotive and Transportation
5.6 By Geography
- 5.6.1 North America
- 5.6.1.1 United States
- 5.6.1.2 Canada
- 5.6.1.3 Mexico
- 5.6.2 South America
- 5.6.2.1 Brazil
- 5.6.2.2 Argentina
- 5.6.2.3 Rest of South America
- 5.6.3 Europe
- 5.6.3.1 United Kingdom
- 5.6.3.2 Germany
- 5.6.3.3 France
- 5.6.3.4 Italy
- 5.6.3.5 Spain
- 5.6.3.6 Nordics
- 5.6.3.7 Rest of Europe
- 5.6.4 Asia Pacific
- 5.6.4.1 China
- 5.6.4.2 Japan
- 5.6.4.3 India
- 5.6.4.4 South Korea
- 5.6.4.5 ASEAN
- 5.6.4.6 Australia
- 5.6.4.7 New Zealand
- 5.6.4.8 Rest of Asia Pacific
- 5.6.5 Middle East and Africa
- 5.6.5.1 Middle East
- 5.6.5.1.1 GCC
- 5.6.5.1.2 Turkey
- 5.6.5.1.3 Israel
- 5.6.5.1.4 Rest of Middle East
- 5.6.5.2 Africa
- 5.6.5.2.1 South Africa
- 5.6.5.2.2 Nigeria
- 5.6.5.2.3 Egypt
- 5.6.5.2.4 Rest of Africa

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
- 6.4.1 Amazon Web Services (AWS)
- 6.4.2 Microsoft Corporation
- 6.4.3 Google LLC
- 6.4.4 DigiCert Inc.
- 6.4.5 Entrust Corporation
- 6.4.6 Thales Group
- 6.4.7 GlobalSign
- 6.4.8 Venafi Inc.
- 6.4.9 Sectigo Ltd.
- 6.4.10 Comodo CA Ltd.
- 6.4.11 AppViewX Inc.
- 6.4.12 eMudhra Ltd.
- 6.4.13 FutureX
- 6.4.14 HID Global Corporation
- 6.4.15 IBM Corporation
- 6.4.16 Oracle Corporation
- 6.4.17 Gemalto (Thales DIS)
- 6.4.18 VeriSign Inc.
- 6.4.19 DocuSign Inc.
- 6.4.20 Keyfactor Inc.
- 6.4.21 SEALSQ
- 6.4.22 Venafi
- 6.4.23 Securemetric Bhd
- 6.4.24 HashiCorp
- 6.4.25 T-Systems International
- 6.4.26 Red Hat Inc.
- 6.4.27 Keytos
- 6.4.28 CyberArk Software
- 6.4.29 Fortinet Inc.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Public Key Infrastructure (PKI) Market Report Scope

Public Key Infrastructure (PKI) serves as a framework for managing digital keys and certificates, facilitating secure communication and authentication across networks. By leveraging public-key cryptography, PKI safeguards data confidentiality, integrity, and authenticity.

The study tracks the revenue accrued through the sale of public key infrastructure (PKI) by various players across the globe. It also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.

The public key infrastructure (PKI) Market is segmented by component (hardware security modules (HSM), solutions, services), deployment (on-premises and cloud), enterprise size (small & medium enterprises (SMEs) and large enterprises), end-user (BFSI, it & telecom, government & defense, media and entertainment, retail, healthcare, manufacturing, education, automotive, and others), and geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The market sizes and forecasts regarding value (USD) for all the above segments are provided.

By Component	Hardware Security Modules (HSM)
	Certificate Lifecycle-Management Platforms / Solutions
	Services
By Deployment	On-premises
	Cloud
	Hybrid
By Enterprise Size	Large Enterprises
	Small and Medium Enterprises (SMEs)
By Application	Authentication and Access Control
	Secure Email and Document Signing
	Web and e-Commerce Security (SSL/TLS)
	IoT Device Identity Management
	Code Signing and Software Integrity
	Payment Processing and Mobile Wallets
By End-user Industry	BFSI
	Government and Defense
	IT and Telecom
	Healthcare and Life Sciences
	Manufacturing and Industrial
	Retail and E-Commerce
	Media and Entertainment
	Energy and Utilities
	Education
	Automotive and Transportation

By Geography	North America	United States
		Canada
		Mexico

	South America	Brazil
		Argentina
		Rest of South America

	Europe	United Kingdom
		Germany
		France
		Italy
		Spain
		Nordics
		Rest of Europe

	Asia Pacific	China
		Japan
		India
		South Korea
		ASEAN
		Australia
		New Zealand
		Rest of Asia Pacific

	Middle East and Africa	Middle East	GCC
			Turkey
			Israel
			Rest of Middle East

		Africa	South Africa
			Nigeria
			Egypt
			Rest of Africa

By Component

Hardware Security Modules (HSM)

Certificate Lifecycle-Management Platforms / Solutions

Services

By Deployment

On-premises

Cloud

Hybrid

By Enterprise Size

Large Enterprises

Small and Medium Enterprises (SMEs)

By Application

Authentication and Access Control

Secure Email and Document Signing

Web and e-Commerce Security (SSL/TLS)

IoT Device Identity Management

Code Signing and Software Integrity

Payment Processing and Mobile Wallets

By End-user Industry

BFSI

Government and Defense

IT and Telecom

Healthcare and Life Sciences

Manufacturing and Industrial

Retail and E-Commerce

Media and Entertainment

Energy and Utilities

Education

Automotive and Transportation

By Geography

North America	United States
	Canada
	Mexico
South America	Brazil
	Argentina
	Rest of South America
Europe	United Kingdom
	Germany
	France
	Italy
	Spain
	Nordics
	Rest of Europe
Asia Pacific	China
	Japan
	India
	South Korea
	ASEAN
	Australia
	New Zealand
	Rest of Asia Pacific

Middle East and Africa	Middle East	GCC
		Turkey
		Israel
		Rest of Middle East

	Africa	South Africa
		Nigeria
		Egypt
		Rest of Africa

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Key Questions Answered in the Report

What is the current size of the Public Key Infrastructure market?

The Public Key Infrastructure market is valued at USD 7.42 billion in 2025 and is projected to reach USD 19.49 billion by 2030 at a 21.31% CAGR.

Which region is growing fastest in the Public Key Infrastructure market?

Asia Pacific posts the highest growth rate, projected at 23.1% CAGR through 2030 due to national digital-identity initiatives and data-residency mandates.

Why are services outpacing solutions in PKI spending?

Acute shortages of cryptographic expertise and the complexity of post-quantum migration push enterprises to outsource certificate lifecycle management, driving a 23.5% CAGR in services.

How does post-quantum cryptography affect PKI roadmaps?

NIST-approved algorithms such as CRYSTALS-Dilithium require hardware upgrades and crypto-agile software, prompting global PKI modernization programs, particularly in Europe and North America.

Page last updated on: March 11, 2025