Public Key Infrastructure (PKI) Market Definition
Public critical infrastructure encompasses establishing and managing crucial public encryption, which includes software, hardware, policies, and procedures for creating, storing, distributing, managing, and revoking digital certificates. The growing need for strong digital security, increasing cyber threats, and increased web and dependence on online services during the COVID-19 pandemic drives the market.
The public critical infrastructure market growth will grow as the demand for robust security solutions is focused on expanding in sectors such as telecom, cloud services, and IoT.
- A recent collaboration between two government agencies in Nigeria to develop and integrate Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) has been stated as a timely and giant step toward securing all kinds of transactions in the country’s digital space.
Awareness about the risks linked with digital fraud can be reduced by implementing PKI solutions to encrypt sensitive customer data and secure payment transactions. By adopting PKI solutions, retailers will not only comply with regulations but also offer customer satisfaction on online platforms.
North America’s growth can be attributed to the establishment of major IT hubs in the region and aggressive investments made by public organizations to generate a robust cybersecurity infrastructure.
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