The market valuation of public key infrastructure will cross $7 billion by 2027, according to Global Market Insights. Rising digital interaction and reliance on digital authentications and regulatory compliance across enterprises are expected to boost the market growth. The demand for PKI solutions and services is primarily driven by the increasing need across enterprises to improve security capabilities in response to the growing instances of file-based attacks and malware. Cloud-based PKI system significantly reduces infrastructure investments, resources, and time of individual organizations by eliminating the need for organizations to invest in infrastructure deployment.
Source: https://www.helpnetsecurity.com/2021/04/30/pki-market-valuation-2027/