Security News > 2021 > April > PKI market valuation to cross $7 billion by 2027

The market valuation of public key infrastructure will cross $7 billion by 2027, according to Global Market Insights.

The managed service segment in the PKI market is anticipated to witness a 20% growth rate till 2027.

PKI service providers help enterprises by controlling the maintenance of all ongoing operations while maintaining the availability and scalability of the service with hassle-free and efficient service.

The large enterprises segment will account for over 50% of the public key infrastructure market share by 2027 due to consistent and reliable services offered by PKI service providers with low operational cost and global reach.

Europe's public key infrastructure market is expected to reach $1.5 billion by 2027 on account of increasing demand for encryption technologies from enterprises to secure cloud-based attacks on digital enterprise resources.

The presence of several PKI vendors and the growing implementation of PKI solutions to detect and prevent threats at their early stages are set to impel the market value in the region.

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