Global Digital Certificates and Public Key Infrastructure Market to Reach $20.2 Billion by 2030
The global market for Digital Certificates and Public Key Infrastructure estimated at US$5.5 Billion in the year 2023, is expected to reach US$20.2 Billion by 2030, growing at a CAGR of 20.4% over the analysis period 2023-2030. Digital Certificates and Public Key Infrastructure Solutions, one of the segments analyzed in the report, is expected to record a 20.5% CAGR and reach US$9.9 Billion by the end of the analysis period. Growth in the Hardware Security Modules segment is estimated at 19.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 19.2% CAGR
The Digital Certificates and Public Key Infrastructure market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 19.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 17.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.
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