Asia Pacific Public Key Infrastructure Market Forecast to 2030 - Regional Analysis - by Component [Solutions and Services (Professional Services and Managed Services)], Deployment (On-Premise and Cloud), Enterprise Size (SMEs and Large Enterprises), and End User (BFSI, Retail & E-commerce, Government & Defense, IT & Telecom, Manufacturing & Automotive, and Others)
The Asia Pacific public key infrastructure market is expected to grow from US$ 842.52 million in 2022 to US$ 3,311.33 million by 2030. It is estimated to grow at a CAGR of 18.7% from 2022 to 2030.
Blockchain Integration Fuels Asia Pacific Public Key Infrastructure Market
Blockchain integration presents a compelling opportunity to the PKI market by enhancing the security and functionality of decentralized systems. PKI provides a robust framework for managing digital identities, authenticating users, and securing communications - essential components for blockchain networks. As blockchain relies on cryptographic keys for identity verification and transaction integrity, PKIs expertise in key management seamlessly aligns with blockchains requirements. The combination ensures the trustworthiness of digital transactions, mitigates the risk of unauthorized access, and safeguards the integrity of data within the blockchain. This synergy between PKI and blockchain is crucial for fostering trust in decentralized ecosystems, making PKI a key enabler for blockchain-based applications ranging from financial transactions to supply chain management. As blockchain continues to permeate various industries, the demand for PKI solutions to fortify the security infrastructure of decentralized networks is a significant avenue for the PKI market.
Asia Pacific Public Key Infrastructure Market Overview
The APAC public key infrastructure market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In the last few years, the threat of cyber-attacks in Asia Pacific has increased. This is due to swiftly increasing connectivity and the pace of digital transformation in the region, further resulting in improving concern for technological threats among the companies. The growing threat of cybercrimes in Asia Pacific is also majorly because of the lack of transparency, resulting in weak cyber enforcement and regulations by government authorities. Less awareness and investments in the security industry also contribute to the factors hindering the public key infrastructure market in the region. In Asia Pacific, the adoption of IoT is on the rise, as various market players in the region are taking multiple initiatives for the deployment of IoT. For instance, in July 2021, CollaboGate Japan (CG) announced its business alliance with Tessera Technology (TSSR) to develop a decentralized IoT platform. This platform will use robust hardware-based security functionality of the Renesas microcontroller units (MCUs), which can help verify contactless transactions conducted through IoT devices. Similarly, in January 2023, South Koreas Ministry of Oceans and Fisheries (MOF) announced the installation of IoT on containers to enhance export competitiveness. The technology will help track the location and status of containers, and in the case of reefers, it will help monitor temperatures. Thus, the growing deployment of IoT in various APAC countries is raising the demand for security solutions to protect the data. Further, to avoid Distributed Denial-of-Service (DDoS) attacks that might bring down operations in significant industry verticals such as BFSI and IT & telecom, the demand for public key infrastructure technology is rising in the region.
Asia Pacific is observing strong growth in the market as the region consists of a huge population with internet access and a rise in awareness among government organizations about cyber threats and crimes. In addition, the IT & telecom sector is also booming in various countries of APAC, such as India, China, and Japan. Organizations related to IT & Telecom, BFSI, and other end-user industries deal with a vast customer base and user data. Therefore, to ensure the privacy of data during a transaction, various organizations are adopting public key infrastructure solutions that are supporting the growth of public key infrastructure market in Asia Pacific.
Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
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Asia Pacific Public Key Infrastructure Market Segmentation
The Asia Pacific public key infrastructure market is segmented into component, deployment, enterprise size, end user, and country.
Based on component, the Asia Pacific public key infrastructure market is segmented into solutions and services. The solutions segment held a larger share of the Asia Pacific public key infrastructure market in 2022. The services segment is further sub segmented into professional services and managed services.
Based on deployment, the Asia Pacific public key infrastructure market is segmented into on-premise and cloud. The on-premise segment held a larger share of the Asia Pacific public key infrastructure market in 2022.
Based on enterprise size, the Asia Pacific public key infrastructure market is segmented into SMEs and large enterprises. The large enterprises segment held a larger share of the Asia Pacific public key infrastructure market in 2022.
Based on end user, the Asia Pacific public key infrastructure market is segmented into BFSI, retail & e-commerce, government & defense, IT & telecom, manufacturing & automotive, and others. The BFSI segment held the largest share of the Asia Pacific public key infrastructure market in 2022.
Based on country, the Asia Pacific public key infrastructure market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific public key infrastructure market in 2022.
Digicert Inc., eMudhra Limited, Entrust Corp, Fortinet Inc., GMO GlobalSign Ltd, Sectigo Ltd, Securemetric Berhad, and Thales SA are some of the leading companies operating in the Asia Pacific public key infrastructure market.
Table of Content
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. Asia Pacific Public Key Infrastructure Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
4.3 Premium Insights
4.3.1 Strengths and Weakness of Public Key Infrastructure
4.3.1.1 Strength
4.3.1.2 Weakness
4.3.2 Blockchain and Public Key Infrastructure
5. Asia Pacific Public Key Infrastructure Market - Key Industry Dynamics
5.1 Asia Pacific 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 Blockchain Integration
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 - Asia Pacific Market Analysis
6.1 Asia Pacific Public Key Infrastructure Market Revenue (US$ Million), 2022 - 2030
6.2 Asia Pacific Public Key Infrastructure Market Forecast and Analysis
7. Asia Pacific Public Key Infrastructure Market Analysis - Component
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Professional Services
7.2.3.1 Overview
7.2.3.2 Professional Services: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.4 Managed Services
7.2.4.1 Overview
7.2.4.2 Managed Services: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Public Key Infrastructure Market Analysis - Deployment
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Public Key Infrastructure Market Analysis - Enterprise Size
9.1 SMEs
9.1.1 Overview
9.1.2 SMEs: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9.2 Large Enterprises
9.2.1 Overview
9.2.2 Large Enterprises: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Public Key Infrastructure Market Analysis - End User
10.1 Banking, Financial Services, & Insurance (BFSI)
10.1.1 Overview
10.1.2 BFSI: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.2 Retail & e-Commerce
10.2.1 Overview
10.2.2 Retail & e-Commerce: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.3 Government & Defense
10.3.1 Overview
10.3.2 Government & Defense: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.5 Manufacturing & Automotive
10.5.1 Overview
10.5.2 Manufacturing & Automotive: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
11. Asia Pacific Public Key Infrastructure Market - Country Analysis
11.1 Asia Pacific Public Key Infrastructure Market
11.1.1 Asia Pacific Public Key Infrastructure Market, by Key Country
11.1.1.1 Australia: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.1.1 Australia: Asia Pacific Public Key Infrastructure Market, by Component
11.1.1.1.2 Australia: Asia Pacific Public Key Infrastructure Market, by Deployment
11.1.1.1.3 Australia: Asia Pacific Public Key Infrastructure Market, by Enterprise Size
11.1.1.1.4 Australia: Asia Pacific Public Key Infrastructure Market, by End User
11.1.1.2 China: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.2.1 China: Asia Pacific Public Key Infrastructure Market, by Component
11.1.1.2.2 China: Asia Pacific Public Key Infrastructure Market, by Deployment
11.1.1.2.3 China: Asia Pacific Public Key Infrastructure Market, by Enterprise Size
11.1.1.2.4 China: Asia Pacific Public Key Infrastructure Market, by End User
11.1.1.3 India: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.3.1 India: Asia Pacific Public Key Infrastructure Market, by Component
11.1.1.3.2 India: Asia Pacific Public Key Infrastructure Market, by Deployment
11.1.1.3.3 India: Asia Pacific Public Key Infrastructure Market, by Enterprise Size
11.1.1.3.4 India: Asia Pacific Public Key Infrastructure Market, by End User
11.1.1.4 Japan: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.4.1 Japan: Asia Pacific Public Key Infrastructure Market, by Component
11.1.1.4.2 Japan: Asia Pacific Public Key Infrastructure Market, by Deployment
11.1.1.4.3 Japan: Asia Pacific Public Key Infrastructure Market, by Enterprise Size
11.1.1.4.4 Japan: Asia Pacific Public Key Infrastructure Market, by End User
11.1.1.5 South Korea: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.5.1 South Korea: Asia Pacific Public Key Infrastructure Market, by Component
11.1.1.5.2 South Korea: Asia Pacific Public Key Infrastructure Market, by Deployment
11.1.1.5.3 South Korea: Asia Pacific Public Key Infrastructure Market, by Enterprise Size
11.1.1.5.4 South Korea: Asia Pacific Public Key Infrastructure Market, by End User
11.1.1.6 Rest of APAC: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.6.1 Rest of APAC: Asia Pacific Public Key Infrastructure Market, by Component
11.1.1.6.2 Rest of APAC: Asia Pacific Public Key Infrastructure Market, by Deployment
11.1.1.6.3 Rest of APAC: Asia Pacific Public Key Infrastructure Market, by Enterprise Size
11.1.1.6.4 Rest of APAC: Asia Pacific Public Key Infrastructure Market, by End User
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Digicert Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 eMudhra Limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Entrust Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Securemetric Berhad
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Fortinet Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sectigo Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Thales SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 GMO GlobalSign Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Asia Pacific Public Key Infrastructure Market Segmentation
Table 2. Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Table 3. Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) -Component
Table 4. Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) - Deployment
Table 5. Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) - Enterprise Size
Table 6. Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million) - End User
Table 7. Australia: Asia Pacific Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 8. Australia: Asia Pacific Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 9. Australia: Asia Pacific Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 10. Australia: Asia Pacific Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 11. China: Asia Pacific Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 12. China: Asia Pacific Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 13. China: Asia Pacific Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 14. China: Asia Pacific Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 15. India: Asia Pacific Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 16. India: Asia Pacific Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 17. India: Asia Pacific Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 18. India: Asia Pacific Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 19. Japan: Asia Pacific Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 20. Japan: Asia Pacific Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 21. Japan: Asia Pacific Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 22. Japan: Asia Pacific Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 23. South Korea: Asia Pacific Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 24. South Korea: Asia Pacific Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 25. South Korea: Asia Pacific Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 26. South Korea: Asia Pacific Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 27. Rest of APAC: Asia Pacific Public Key Infrastructure Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 28. Rest of APAC: Asia Pacific Public Key Infrastructure Market, by Deployment -Revenue and Forecast to 2030 (US$ Million)
Table 29. Rest of APAC: Asia Pacific Public Key Infrastructure Market, by Enterprise Size -Revenue and Forecast to 2030 (US$ Million)
Table 30. Rest of APAC: Asia Pacific Public Key Infrastructure Market, by End User -Revenue and Forecast to 2030 (US$ Million)
Table 31. List of Abbreviation
List of Figures
Figure 1. Asia Pacific Public Key Infrastructure Market Segmentation, By Country
Figure 2. Ecosystem: Asia Pacific Public Key Infrastructure Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Public Key Infrastructure Market Revenue (US$ Million), 2022 - 2030
Figure 5. Asia Pacific Public Key Infrastructure Market Share (%) -Component, 2022 and 2030
Figure 6. Solutions: Asia Pacific Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 7. Services: Asia Pacific Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 8. Professional Services: Asia Pacific Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 9. Managed Services: Asia Pacific Public Key Infrastructure Market Revenue and Forecast To 2030 (US$ Million)
Figure 10. Asia Pacific Public Key Infrastructure Market Share (%) - Deployment, 2022 and 2030
Figure 11. On-Premise: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Cloud: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Asia Pacific Public Key Infrastructure Market Share (%) - Enterprise Size, 2022 and 2030
Figure 14. SMEs: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Large Enterprises: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Asia Pacific Public Key Infrastructure Market Share (%) - End User, 2022 and 2030
Figure 17. BFSI: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Retail & e-Commerce: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Government & Defense: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. IT & Telecom: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Manufacturing & Automotive: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Others: Asia Pacific Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Asia Pacific Public Key Infrastructure Market, By Key Country - Revenue (2022) (US$ Million)
Figure 24. Asia Pacific Public Key Infrastructure Market Revenue Share, by Key Country (2022 and 2030)
Figure 25. Australia: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 26. China: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 27. India: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 28. Japan: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 29. South Korea: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 30. Rest of APAC: Asia Pacific Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
1. Digicert Inc.
2. eMudhra Limited
3. Entrust Corp
4. Fortinet Inc.
5. GMO GlobalSign Ltd
6. Sectigo Ltd
7. Securemetric Berhad
8. Thales SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Public Key Infrastructure Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Public Key Infrastructure Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution