Digital Certificates and Public Key Infrastructure Market

By Solution;

Hardware and Software

By Deployment Model;

Cloud-Based and On-Premise

By Organization Size;

Large Enterprises and SMEs

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn140979208 Published Date: August, 2025

Digital Certificates and Public Key Infrastructure Market Overview

Digital Certificates and Public Key Infrastructure Market (USD Million)

Digital Certificates and Public Key Infrastructure Market was valued at USD 8,546.03 million in the year 2024. The size of this market is expected to increase to USD 31,343.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 20.4%.


Digital Certificates and Public Key Infrastructure Market

*Market size in USD million

CAGR 20.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)20.4 %
Market Size (2024)USD 8,546.03 Million
Market Size (2031)USD 31,343.66 Million
Market ConcentrationLow
Report Pages312
8,546.03
2024
31,343.66
2031

Major Players

  • GMO GlobalSign, Inc.
  • GoDaddy Group
  • Verisign, Inc.
  • Gemalto N.V.
  • Comodo Group, Inc.
  • Signix, Inc.
  • Ascertia
  • Secured Signing Limited
  • Docusign Inc
  • Identrust, Inc.
  • Kofax Limited
  • Entrust Datacard Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Digital Certificates and Public Key Infrastructure Market

Fragmented - Highly competitive market without dominant players


The Digital Certificates and PKI market is evolving fast, fueled by a growing emphasis on data protection and secure identities. More than 75% of businesses have adopted PKI solutions, recognizing their value in enforcing encrypted communications and authenticating transactions.

Key Functional Advantages and Security Features
Core PKI offerings like certificate lifecycle tools, revocation protocols, and certificate authority services are valued by roughly 68% of users for reinforcing access controls and helping meet compliance mandates. These capabilities are foundational for mitigating cybersecurity risks and managing trusted networks.

Adoption Trends and Use Case Deployment
Digital certificates are now used by nearly 70% of enterprises for secure email, VPN authentication, and code signing. Meanwhile, around 55% of industrial and IoT deployments depend on PKI for device identity verification and secure data exchange, especially in distributed environments.

Market Drivers and Technology Trends
As cloud adoption, remote access, and digital workflows expand, 72% of security leaders rate PKI as critical infrastructure. The incremental adoption of automated certificate provisioning, identity orchestration, and standard-based architectures further strengthens the value proposition.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Solution
    2. Market Snapshot, By Deployment Model
    3. Market Snapshot, By Organization Size
    4. Market Snapshot, By Region
  4. Digital Certificates and Public Key Infrastructure Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Cybersecurity Concerns
        2. Regulatory Compliance Mandates
        3. Growing Adoption of Cloud Services
        4. Digital Transformation Initiatives
        5. IoT and Mobile Device Proliferation
      2. Restraints
        1. Complexity and Integration Challenges
        2. Cost Constraints
        3. Lack of Awareness and Skills
        4. Compatibility Issues
      3. Opportunities
        1. Emerging IoT Security Needs
        2. Compliance and Data Privacy Focus
        3. Cloud Security Demand
        4. Industry-Specific Solutions
        5. Education and Awareness Initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Digital Certificates and Public Key Infrastructure Market, By Solution, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    2. Digital Certificates and Public Key Infrastructure Market, By Deployment Model, 2021 - 2031 (USD Million)
      1. Cloud-Based
      2. On-Premise
    3. Digital Certificates and Public Key Infrastructure Market, By Organization Size, 2021 - 2031 (USD Million)

      1. Large Enterprises

      2. SMEs

    4. Digital Certificates and Public Key Infrastructure Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GMO GlobalSign, Inc.
      2. GoDaddy Group
      3. Verisign, Inc.
      4. Gemalto N.V.
      5. Comodo Group, Inc.
      6. Signix, Inc.
      7. Ascertia
      8. Secured Signing Limited
      9. Docusign Inc
      10. Identrust, Inc.
      11. Kofax Limited
      12. Entrust Datacard Corporation
  7. Analyst Views
  8. Future Outlook of the Market