Public Key Infrastructure Market Poised for Strong Growth, Expected to Reach US$ 14.49 Billion by 2030
The global Public Key Infrasture (PKI) market is set to experience significant growth, according to a press release from Allied Market Research. The projection is the industry will reach $14.49 billion by 2030, with a compound annual growth rate (CAGR) of 26.5%. This surge is driven by increasing demand for data privacy and security solutions across various sectors, especially in response to the rising incidence of cyber fraud. Although high installation and maintenance costs may hinder market expansion, growing awareness of data privacy is expected to create new opportunities for PKI adoption.