Frost & Sullivan: Explosion of Digital Identities Sustains Global Demand for Public Key Infrastructure Certificates
Jul 23, 2014 UncategorizedComments Off on Frost & Sullivan: Explosion of Digital Identities Sustains Global Demand for Public Key Infrastructure Certificates
LONDON, July 23, 2014 /PRNewswire/ — The surge in the number of data breaches and recent security bugs such as Heartbleed has generated strong interest in digital certificates and technologies, including secure sockets layer (SSL) and public key infrastructure (PKI). PKI, in particular, remains the trusted technology for all projects where secured identity management is crucial.
New analysis from Frost & Sullivan, Global Certificates Markets — A Focus on Public Key Infrastructure, finds that the market earned revenues of $357.4 million in 2013 and estimates this to reach $532.8 million in 2017. The government sector is expected to account for the largest share of the total revenue owing to the implementation of several identity document projects.
The explosion of mobile devices, leading to the emergence of new usage models and habits, will further highlight the need to identify people, devices, and transactions, spurring the demand for PKI.
“In the past, many organisations saw very little benefit in employing PKI due to the lack of compatible applications, while enterprises and governments that used PKI encountered several problems within the system,” said