Public Key Infrastructure Market Scope and Share by 2030
The Public Key Infrastructure Market size is projected to reach US$ 11.55 billion by 2030 from US$ 3.27 billion in 2022. The market is expected to register a CAGR of 17.1% during 2022–2030. Increasing number of cyber frauds is likely to remain a key trend in the market.
Public Key Infrastructure Market Analysis
While public key infrastructure is, undoubtedly, highly acclaimed as more secure than passwords and allows extreme scalability—in fact, an unlimited number of users—it is done, in terms of additional security added to identity verification, with secret private keys; a malicious user or attacker would need to have both the private key and the matching passphrase to impersonate a user. PKI allows for trust delegation and makes it effectively impossible for a man-in-the-middle attack to be successful. The trust delegation is enabled when a user logs in to the server with a valid certificate, issued by an accredited and trusted certificate authority in the very first attempt. Thus, with PKI, a user is able to log into the server without any previous registration in the respective system. PKI provides a trustworthy setting by validating and ensuring the integrity of the data and users. These keys can be used within PKI systems, with one-way encryption functions that only allow the owner of that key to decrypt data.
Public Key Infrastructure Market Overview
PKI refers to the system for the safe distribution of cryptographic keys to the ultimate users and the management of other safety attributes and electronic cryptographic services it delivers. This technology identifies public keys with concerned entities and is implemented for digital signature and document encryption business applications. PKI acts as the underlying infrastructure for the provision of services associated with asymmetric and symmetric encryption schemes to subscribers; it has, therefore, become essential in many situations when strong evidence is required for proving the identity of communicating parties and for source authentication purposes.
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Public Key Infrastructure Market: Strategic Insights
Market Size Value in US$ 3,268.10 million in 2022 Market Size Value by US$ 11,553.84 million by 2030 Growth rate CAGR of 17.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Public Key Infrastructure Market: Strategic Insights
| Market Size Value in | US$ 3,268.10 million in 2022 |
| Market Size Value by | US$ 11,553.84 million by 2030 |
| Growth rate | CAGR of 17.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Public Key Infrastructure Market Drivers and Opportunities
Growth of Logistics and E-commerce
The rise in disposable consumer income a change in their lifestyle, and spending habits have boosted the online sales of goods and products. Customers are more inclined toward online purchases because of its wide range of products and time- and money-saving advantages over physical store locations. Additionally, the rising usage of the internet and smartphones has been boosting the growth of the e-commerce sector. For example, the India Brand Equity Foundation has estimated that the online shopper base of India was 150 million in 2021 and is likely to reach 350 million by 2026. Moreover, with the growth of the e-commerce sector, there is a rise in goods transportation, which has contributed to the growth of the logistics sector. Since logistic companies are engaged in the transit of goods, they deal with consumer data related to online transactions. Thus, logistics companies have ensured tight security of this information by using PKI, implementing techniques such as regular key rotation and modern cryptographic standards that raise the demand for PKI solutions in the logistics industry.
Increasing Applications of the PKI Infrastructure
The need for data privacy and security solutions has grown in the past couple of years. Security tools have reached mainstream adoption for commercial and government usage in the last couple of years. A few examples from the period include the introduction of enterprise-level firewalls, intruder detection systems, identity management solutions, and event management systems, to name a few. Noticeably, one of the largest PKI-based applications is the Common Access cards program for active-duty U.S. Defense personnel identification cards, which the Defense Information Systems Agency is executing under a PKI infrastructure. Different applications of PKI have been developed for message encryption. They are especially preferred by modern IoT communication systems spread across different industrial and domestic contexts to send highly secure encrypted messages. This trend is expected to continue driving growth within the public key infrastructure market
Public Key Infrastructure Market Report Segmentation Analysis
Key segments that contributed to the derivation of the public key infrastructure market analysis are component, deployment, enterprise size, and end user.
- Based on component, the market is segmented into solutions and services. The solutions segment held a significant market share in 2022.
- In terms of deployment, the market is segmented into on-premises and cloud. The on-premises segment held a significant market share in 2022.
- Based on enterprise size, the market is segmented into SMEs and large enterprises. The large enterprises segment held a significant market share in 2022.
- In terms of end user, the market is segmented into BFSI, retail & e-commerce, government & defense, IT & telecom, manufacturing & automotive, and others. The BFSI segment held a significant market share in 2022.
Public Key Infrastructure Market Share Analysis by Geography
The geographic scope of the public key infrastructure market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Growth in North America can be attributed to a number of developing SMEs, the establishment of major IT hubs in the region, and aggressive investments that governments have been making to strengthen cyber security infrastructure. Also, owing to fast digitization and increased internet usage, the intellectual property of businesses and people alike is becoming vulnerable to theft and infringement. Businesses should, therefore, deploy data-protection measures to guard against security threats, such as encryption software that allows businesses to guard their intellectual property and other sensitive data.
Public Key Infrastructure Market Report Scope
Public Key Infrastructure Market News and Recent Developments
The public key infrastructure market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the public key infrastructure market are listed below:
- Entrust, a global leader in trusted payments, identities, and data, has announced the general availability of its Post-Quantum Ready PKI-as-a-Service (PKIaaS PQ) platform. With this launch, the company’s cloud-based PKI as a Service offering can now provide both composite and pure quantum-safe certificate authority hierarchies, enabling customers to test or implement quantum-safe scenarios and infrastructure. This makes it the first commercially available platform of its type.
(Source: Entrust Corporation, Company Website, January 2024)
Public Key Infrastructure Market Report Coverage and Deliverables
The “Public Key Infrastructure Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Public key infrastructure market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Public key infrastructure market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Public key infrastructure market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the public key infrastructure market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Enterprise Size, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is projected to record a CAGR of 17.1% during 2022–2030.
The market is expected to reach a value of US$ 11.55 billion by 2030.
DigiCert Inc., eMudhra Limited, Enigma Systemy Ochrony, Entrust Corporation, Fortinet Inc, FutureX, GlobalSign, Sectigo Ltd, Securemetric Bhd, and Thales SA are key players in the market.
The increasing number of cyber frauds is a key trend in the market.
The growth of logistics and e-commerce is driving the market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Public Key Infrastructure Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain:
4.4 Premium Insights
4.4.1 Strengths and Weakness of Public Key Infrastructure
4.4.1.1 Strength
4.4.1.2 Weakness
4.4.2 Blockchain and Public Key Infrastructure
5. Public Key Infrastructure Market - Key Industry Dynamics
5.1 Public Key Infrastructure Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Cybersecurity Threats Across Industries
5.2.2 Growing Logistics and E-Commerce Sectors
5.2.3 Increasing Number of Connected Devices
5.3 Market Restraints
5.3.1 Lack of Technically Skilled Professionals
5.4 Market Opportunities
5.4.1 Increasing Adoption of Public Key Infrastructure in Government-to-Citizen Applications
5.5 Future Trends
5.5.1 Increasing Use of Digital Certificates in Various Applications
5.6 Impact of Drivers and Restraints:
6. Public Key Infrastructure Market - Global Market Analysis
6.1 Public Key Infrastructure Market Revenue (US$ Million), 2022 – 2030
6.2 Public Key Infrastructure Market Forecast and Analysis
7. Public Key Infrastructure Market Analysis - Component
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions Market Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Professional Services
7.2.3.1 Overview
7.2.3.2 Professional Services Market Revenue and Forecast to 2030 (US$ Million)
7.2.4 Managed Services
7.2.4.1 Overview
7.2.4.2 Managed Services Market Revenue and Forecast to 2030 (US$ Million)
8. Public Key Infrastructure Market Analysis - Deployment
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise Market Revenue and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud Market Revenue and Forecast to 2030 (US$ Million)
9. Public Key Infrastructure Market Analysis - Enterprise Size
9.1 SMEs
9.1.1 Overview
9.1.2 SMEs Market Revenue and Forecast to 2030 (US$ Million)
9.2 Large Enterprises
9.2.1 Overview
9.2.2 Large Enterprises Market Revenue and Forecast to 2030 (US$ Million)
10. Public Key Infrastructure Market Analysis – End User
10.1 Banking, Financial Services, & Insurance (BFSI)
10.1.1 Overview
10.1.2 BFSI Market Revenue and Forecast to 2030 (US$ Million)
10.2 Retail & e-Commerce
10.2.1 Overview
10.2.2 Retail & e-Commerce Market Revenue and Forecast to 2030 (US$ Million)
10.3 Government & Defense
10.3.1 Overview
10.3.2 Government & Defense Market Revenue and Forecast to 2030 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom Market Revenue and Forecast to 2030 (US$ Million)
10.5 Manufacturing & Automotive
10.5.1 Overview
10.5.2 Manufacturing & Automotive Market Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
11. Public Key Infrastructure Market - Geographical Analysis
11.1 Overview
11.2 North America: Public Key Infrastructure Market
11.2.1 North America: Revenue, and Forecast to 2030 (US$ Million)
11.2.2 North America: Public Key Infrastructure Market, by Component
11.2.3 North America: Public Key Infrastructure Market, by Deployment
11.2.4 North America: Public Key Infrastructure Market, by Enterprise Size
11.2.5 North America: Public Key Infrastructure Market, by End User
11.2.6 North America: Public Key Infrastructure Market, by Key Country
11.2.6.1 US: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.2.6.1.1 US: Public Key Infrastructure Market, by Component
11.2.6.1.2 US: Public Key Infrastructure Market, by Deployment
11.2.6.1.3 US: Public Key Infrastructure Market, by Enterprise Size
11.2.6.1.4 US: Public Key Infrastructure Market, by End User
11.2.6.2 Canada: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.2.6.2.1 Canada: Public Key Infrastructure Market, by Component
11.2.6.2.2 Canada: Public Key Infrastructure Market, by Deployment
11.2.6.2.3 Canada: Public Key Infrastructure Market, by Enterprise Size
11.2.6.2.4 Canada: Public Key Infrastructure Market, by End User
11.2.6.3 Mexico: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.2.6.3.1 Mexico: Public Key Infrastructure Market, by Component
11.2.6.3.2 Mexico: Public Key Infrastructure Market, by Deployment
11.2.6.3.3 Mexico: Public Key Infrastructure Market, by Enterprise Size
11.2.6.3.4 Mexico: Public Key Infrastructure Market, by End User
11.3 Europe: Public Key Infrastructure Market
11.3.1 Europe: Revenue, and Forecast to 2030 (US$ Million)
11.3.2 Europe: Public Key Infrastructure Market, by Component
11.3.3 Europe: Public Key Infrastructure Market, by Deployment
11.3.4 Europe: Public Key Infrastructure Market, by Enterprise Size
11.3.5 Europe: Public Key Infrastructure Market, by End User
11.3.6 Europe: Public Key Infrastructure Market, by Key Country
11.3.6.1 Germany: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.3.6.1.1 Germany: Public Key Infrastructure Market, by Component
11.3.6.1.2 Germany: Public Key Infrastructure Market, by Deployment
11.3.6.1.3 Germany: Public Key Infrastructure Market, by Enterprise Size
11.3.6.1.4 Germany: Public Key Infrastructure Market, by End User
11.3.6.2 France: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.3.6.2.1 France: Public Key Infrastructure Market, by Component
11.3.6.2.2 France: Public Key Infrastructure Market, by Deployment
11.3.6.2.3 France: Public Key Infrastructure Market, by Enterprise Size
11.3.6.2.4 France: Public Key Infrastructure Market, by End User
11.3.6.3 Italy: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.3.6.3.1 Italy: Public Key Infrastructure Market, by Component
11.3.6.3.2 Italy: Public Key Infrastructure Market, by Deployment
11.3.6.3.3 Italy: Public Key Infrastructure Market, by Enterprise Size
11.3.6.3.4 Italy: Public Key Infrastructure Market, by End User
11.3.6.4 UK: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.3.6.4.1 UK: Public Key Infrastructure Market, by Component
11.3.6.4.2 UK: Public Key Infrastructure Market, by Deployment
11.3.6.4.3 UK: Public Key Infrastructure Market, by Enterprise Size
11.3.6.4.4 UK: Public Key Infrastructure Market, by End User
11.3.6.5 Russia: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.3.6.5.1 Russia: Public Key Infrastructure Market, by Component
11.3.6.5.2 Russia: Public Key Infrastructure Market, by Deployment
11.3.6.5.3 Russia: Public Key Infrastructure Market, by Enterprise Size
11.3.6.5.4 Russia: Public Key Infrastructure Market, by End User
11.3.6.6 Rest of Europe: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.3.6.6.1 Rest of Europe: Public Key Infrastructure Market, by Component
11.3.6.6.2 Rest of Europe: Public Key Infrastructure Market, by Deployment
11.3.6.6.3 Rest of Europe: Public Key Infrastructure Market, by Enterprise Size
11.3.6.6.4 Rest of Europe: Public Key Infrastructure Market, by End User
11.4 Asia Pacific: Public Key Infrastructure Market
11.4.1 Asia Pacific: Revenue, and Forecast to 2030 (US$ Million)
11.4.2 APAC: Public Key Infrastructure Market, by Component
11.4.3 APAC: Public Key Infrastructure Market, by Deployment
11.4.4 APAC: Public Key Infrastructure Market, by Enterprise Size
11.4.5 APAC: Public Key Infrastructure Market, by End User
11.4.6 APAC: Public Key Infrastructure Market, by Key Country
11.4.6.1 Australia: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.4.6.1.1 Australia: Public Key Infrastructure Market, by Component
11.4.6.1.2 Australia: Public Key Infrastructure Market, by Deployment
11.4.6.1.3 Australia: Public Key Infrastructure Market, by Enterprise Size
11.4.6.1.4 Australia: Public Key Infrastructure Market, by End User
11.4.6.2 China: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.4.6.2.1 China: Public Key Infrastructure Market, by Component
11.4.6.2.2 China: Public Key Infrastructure Market, by Deployment
11.4.6.2.3 China: Public Key Infrastructure Market, by Enterprise Size
11.4.6.2.4 China: Public Key Infrastructure Market, by End User
11.4.6.3 India: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.4.6.3.1 India: Public Key Infrastructure Market, by Component
11.4.6.3.2 India: Public Key Infrastructure Market, by Deployment
11.4.6.3.3 India: Public Key Infrastructure Market, by Enterprise Size
11.4.6.3.4 India: Public Key Infrastructure Market, by End User
11.4.6.4 Japan: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.4.6.4.1 Japan: Public Key Infrastructure Market, by Component
11.4.6.4.2 Japan: Public Key Infrastructure Market, by Deployment
11.4.6.4.3 Japan: Public Key Infrastructure Market, by Enterprise Size
11.4.6.4.4 Japan: Public Key Infrastructure Market, by End User
11.4.6.5 South Korea: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.4.6.5.1 South Korea: Public Key Infrastructure Market, by Component
11.4.6.5.2 South Korea: Public Key Infrastructure Market, by Deployment
11.4.6.5.3 South Korea: Public Key Infrastructure Market, by Enterprise Size
11.4.6.5.4 South Korea: Public Key Infrastructure Market, by End User
11.4.6.6 Rest of APAC: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.4.6.6.1 Rest of APAC: Public Key Infrastructure Market, by Component
11.4.6.6.2 Rest of APAC: Public Key Infrastructure Market, by Deployment
11.4.6.6.3 Rest of APAC: Public Key Infrastructure Market, by Enterprise Size
11.4.6.6.4 Rest of APAC: Public Key Infrastructure Market, by End User
11.5 MEA: Public Key Infrastructure Market
11.5.1 MEA: Revenue, and Forecast to 2030 (US$ Million)
11.5.2 MEA: Public Key Infrastructure Market, by Component
11.5.3 MEA: Public Key Infrastructure Market, by Deployment
11.5.4 MEA: Public Key Infrastructure Market, by Enterprise Size
11.5.5 MEA: Public Key Infrastructure Market, by End User
11.5.6 MEA: Public Key Infrastructure Market, by Key Country
11.5.6.1 South Africa: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.5.6.1.1 South Africa: Public Key Infrastructure Market, by Component
11.5.6.1.2 South Africa: Public Key Infrastructure Market, by Deployment
11.5.6.1.3 South Africa: Public Key Infrastructure Market, by Enterprise Size
11.5.6.1.4 South Africa: Public Key Infrastructure Market, by End User
11.5.6.2 Saudi Arabia: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.5.6.2.1 Saudi Arabia: Public Key Infrastructure Market, by Component
11.5.6.2.2 Saudi Arabia: Public Key Infrastructure Market, by Deployment
11.5.6.2.3 Saudi Arabia: Public Key Infrastructure Market, by Enterprise Size
11.5.6.2.4 Saudi Arabia: Public Key Infrastructure Market, by End User
11.5.6.3 UAE: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.5.6.3.1 UAE: Public Key Infrastructure Market, by Component
11.5.6.3.2 UAE: Public Key Infrastructure Market, by Deployment
11.5.6.3.3 UAE: Public Key Infrastructure Market, by Enterprise Size
11.5.6.3.4 UAE: Public Key Infrastructure Market, by End User
11.5.6.4 Rest of MEA: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.5.6.4.1 Rest of MEA: Public Key Infrastructure Market, by Component
11.5.6.4.2 Rest of MEA: Public Key Infrastructure Market, by Deployment
11.5.6.4.3 Rest of MEA: Public Key Infrastructure Market, by Enterprise Size
11.5.6.4.4 Rest of MEA: Public Key Infrastructure Market, by End User
11.6 SAM: Public Key Infrastructure Market
11.6.1 SAM: Revenue, and Forecast to 2030 (US$ Million)
11.6.2 SAM: Public Key Infrastructure Market, by Component
11.6.3 SAM: Public Key Infrastructure Market, by Deployment
11.6.4 SAM: Public Key Infrastructure Market, by Enterprise Size
11.6.5 SAM: Public Key Infrastructure Market, by End User
11.6.6 SAM: Public Key Infrastructure Market, by Key Country
11.6.6.1 Brazil: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.6.6.1.1 Brazil: Public Key Infrastructure Market, by Component
11.6.6.1.2 Brazil: Public Key Infrastructure Market, by Deployment
11.6.6.1.3 Brazil: Public Key Infrastructure Market, by Enterprise Size
11.6.6.1.4 Brazil: Public Key Infrastructure Market, by End User
11.6.6.2 Argentina: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.6.6.2.1 Argentina: Public Key Infrastructure Market, by Component
11.6.6.2.2 Argentina: Public Key Infrastructure Market, by Deployment
11.6.6.2.3 Argentina: Public Key Infrastructure Market, by Enterprise Size
11.6.6.2.4 Argentina: Public Key Infrastructure Market, by End User
11.6.6.3 Rest of SAM: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
11.6.6.3.1 Rest of SAM: Public Key Infrastructure Market, by Component
11.6.6.3.2 Rest of SAM: Public Key Infrastructure Market, by Deployment
11.6.6.3.3 Rest of SAM: Public Key Infrastructure Market, by Enterprise Size
11.6.6.3.4 Rest of SAM: Public Key Infrastructure Market, by End User
12. Public Key Infrastructure Market – Impact of COVID-19 Pandemic
12.1 Pre & Post Covid-19 Impact
13. Competitive Landscape
13.1 Company Positioning & Concentration
13.2 Heat Map Analysis By Key Players
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
15. Company Profiles
15.1 Digicert Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Futurex LP
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 ENIGMA Systemy Ochrony Informacji SP. Z O.O.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 eMudhra Limited
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Entrust Corp
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Securemetric Berhad
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Fortinet Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Sectigo Ltd
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Thales SA
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 GMO GlobalSign Ltd
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
List of Tables
Table 1. Public Key Infrastructure Market Segmentation
Table 2. Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Table 3. Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) –Component
Table 4. Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) – Deployment
Table 5. Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) – Enterprise Size
Table 6. Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) – End User
Table 7. North America: Public Key Infrastructure Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 8. North America: Public Key Infrastructure Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 9. North America: Public Key Infrastructure Market, by Enterprise Size – Revenue and Forecast to 2030 (US$ Million)
Table 10. North America: Public Key Infrastructure Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 11. US: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 12. US: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 13. US: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 14. US: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 15. Canada: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 16. Canada: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 17. Canada: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 18. Canada: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 19. Mexico: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 20. Mexico: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 21. Mexico: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 22. Mexico: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 23. Europe: Public Key Infrastructure Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 24. Europe: Public Key Infrastructure Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 25. Europe: Public Key Infrastructure Market, by Enterprise Size – Revenue and Forecast to 2030 (US$ Million)
Table 26. Europe: Public Key Infrastructure Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 27. Germany: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 28. Germany: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 29. Germany: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 30. Germany: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 31. France: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 32. France: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 33. France: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 34. France: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 35. Italy: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 36. Italy: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 37. Italy: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 38. Italy: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 39. UK: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 40. UK: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 41. UK: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 42. UK: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 43. Russia: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 44. Russia: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 45. Russia: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 46. Russia: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 47. Rest of Europe: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 48. Rest of Europe: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 49. Rest of Europe: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 50. Rest of Europe: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 51. APAC: Public Key Infrastructure Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 52. APAC: Public Key Infrastructure Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 53. APAC: Public Key Infrastructure Market, by Enterprise Size – Revenue and Forecast to 2030 (US$ Million)
Table 54. APAC: Public Key Infrastructure Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 55. Australia: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 56. Australia: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 57. Australia: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 58. Australia: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 59. China: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 60. China: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 61. China: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 62. China: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 63. India: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 64. India: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 65. India: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 66. India: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 67. Japan: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 68. Japan: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 69. Japan: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 70. Japan: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 71. South Korea: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 72. South Korea: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 73. South Korea: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 74. South Korea: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 75. Rest of APAC: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 76. Rest of APAC: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 77. Rest of APAC: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 78. Rest of APAC: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 79. MEA: Public Key Infrastructure Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 80. MEA: Public Key Infrastructure Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 81. MEA: Public Key Infrastructure Market, by Enterprise Size – Revenue and Forecast to 2030 (US$ Million)
Table 82. MEA: Public Key Infrastructure Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 83. South Africa: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 84. South Africa: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 85. South Africa: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 86. South Africa: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 87. Saudi Arabia: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 88. Saudi Arabia: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 89. Saudi Arabia: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 90. Saudi Arabia: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 91. UAE: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 92. UAE: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 93. UAE: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 94. UAE: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 95. Rest of MEA: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 96. Rest of MEA: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 97. Rest of MEA: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 98. Rest of MEA: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 99. SAM: Public Key Infrastructure Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 100. SAM: Public Key Infrastructure Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 101. SAM: Public Key Infrastructure Market, by Enterprise Size – Revenue and Forecast to 2030 (US$ Million)
Table 102. SAM: Public Key Infrastructure Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 103. Brazil: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 104. Brazil: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 105. Brazil: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 106. Brazil: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 107. Argentina: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 108. Argentina: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 109. Argentina: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 110. Argentina: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 111. Rest of SAM: Public Key Infrastructure Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 112. Rest of SAM: Public Key Infrastructure Market, by Deployment –Revenue and Forecast to 2030 (US$ Million)
Table 113. Rest of SAM: Public Key Infrastructure Market, by Enterprise Size –Revenue and Forecast to 2030 (US$ Million)
Table 114. Rest of SAM: Public Key Infrastructure Market, by End User –Revenue and Forecast to 2030 (US$ Million)
Table 115. Heat Map Analysis By Key Players
Table 116. List of Abbreviation
List of Figures
Figure 1. Public Key Infrastructure Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Public Key Infrastructure Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Public Key Infrastructure Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Public Key Infrastructure Market Revenue (US$ Million), 2022 – 2030
Figure 7. Public Key Infrastructure Market Share (%) –Component, 2022 and 2030
Figure 8. Solutions Market Revenue and Forecast To 2030 (US$ Million)
Figure 9. Services Market Revenue and Forecast To 2030 (US$ Million)
Figure 10. Professional Services Market Revenue and Forecast To 2030 (US$ Million)
Figure 11. Managed Services Market Revenue and Forecast To 2030 (US$ Million)
Figure 12. Public Key Infrastructure Market Share (%) – Deployment, 2022 and 2030
Figure 13. On-Premise Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Cloud Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Public Key Infrastructure Market Share (%) – Enterprise Size, 2022 and 2030
Figure 16. SMEs Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Large Enterprises Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Public Key Infrastructure Market Share (%) – End User, 2022 and 2030
Figure 19. BFSI Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. Retail & e-Commerce Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Government & Defense Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. IT & Telecom Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Manufacturing & Automotive Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. Public Key Infrastructure Market Breakdown by Region, 2022 and 2030 (%)
Figure 26. North America: Public Key Infrastructure Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. North America: Public Key Infrastructure Market Revenue Share, by Component (2022 and 2030)
Figure 28. North America: Public Key Infrastructure Market Revenue Share, by Deployment (2022 and 2030)
Figure 29. North America: Public Key Infrastructure Market Revenue Share, by Enterprise Size (2022 and 2030)
Figure 30. North America: Public Key Infrastructure Market Revenue Share, by End User (2022 and 2030)
Figure 31. North America: Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 32. US: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 33. Canada: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 34. Mexico: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 35. Europe: Public Key Infrastructure Market – Revenue and Forecast to 2030 (US$ Million)
Figure 36. Europe: Public Key Infrastructure Market Revenue Share, by Component (2022 and 2030)
Figure 37. Europe: Public Key Infrastructure Market Revenue Share, by Deployment (2022 and 2030)
Figure 38. Europe: Public Key Infrastructure Market Revenue Share, by Enterprise Size (2022 and 2030)
Figure 39. Europe: Public Key Infrastructure Market Revenue Share, by End User (2022 and 2030)
Figure 40. Europe: Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 41. Germany: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 42. France: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 43. Italy: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 44. UK: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 45. Russia: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 46. Rest of Europe: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 47. Asia Pacific: Public Key Infrastructure Market – Revenue and Forecast to 2030 (US$ Million)
Figure 48. APAC: Public Key Infrastructure Market Revenue Share, by Component (2022 and 2030)
Figure 49. APAC: Public Key Infrastructure Market Revenue Share, by Deployment (2022 and 2030)
Figure 50. APAC: Public Key Infrastructure Market Revenue Share, by Enterprise Size (2022 and 2030)
Figure 51. APAC: Public Key Infrastructure Market Revenue Share, by End User (2022 and 2030)
Figure 52. APAC: Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 53. Australia: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 54. China: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 55. India: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 56. Japan: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 57. South Korea: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 58. Rest of APAC: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 59. MEA: Public Key Infrastructure Market – Revenue and Forecast to 2030 (US$ Million)
Figure 60. MEA: Public Key Infrastructure Market Revenue Share, by Component (2022 and 2030)
Figure 61. MEA: Public Key Infrastructure Market Revenue Share, by Deployment (2022 and 2030)
Figure 62. MEA: Public Key Infrastructure Market Revenue Share, by Enterprise Size (2022 and 2030)
Figure 63. MEA: Public Key Infrastructure Market Revenue Share, by End User (2022 and 2030)
Figure 64. MEA: Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 65. South Africa: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 66. Saudi Arabia: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 67. UAE: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 68. Rest of MEA: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 69. SAM: Public Key Infrastructure Market – Revenue and Forecast to 2030 (US$ Million)
Figure 70. SAM: Public Key Infrastructure Market Revenue Share, by Component (2022 and 2030)
Figure 71. SAM: Public Key Infrastructure Market Revenue Share, by Deployment (2022 and 2030)
Figure 72. SAM: Public Key Infrastructure Market Revenue Share, by Enterprise Size (2022 and 2030)
Figure 73. SAM: Public Key Infrastructure Market Revenue Share, by End User (2022 and 2030)
Figure 74. SAM: Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 75. Brazil: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 76. Argentina: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 77. Rest of SAM: Public Key Infrastructure Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 78. Company Positioning & Concentration
The List of Companies - Public Key Infrastructure Market
- Digicert Inc
- Futurex LP
- ENIGMA Systemy Ochrony Informacji SP. Z O.O.
- eMudhra Limited
- Entrust Corp
- Securemetric Berhad
- Fortinet Inc.
- Sectigo Ltd
- Thales SA
- GMO GlobalSign Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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