South & Central America Public Key Infrastructure Market Forecast to 2030 - Regional Analysis - by Component [Solutions and Services (Professional Services and Managed Services)], Deployment (On-Premise and Cloud), Enterprise Size (SMEs and Large Enterprises), and End User (BFSI, Retail & E-commerce, Government & Defense, IT & Telecom, Manufacturing & Automotive, and Others)
The South & Central America public key infrastructure market is expected to grow from US$ 201.31 million in 2022 to US$ 600.80 million by 2030. It is estimated to grow at a CAGR of 14.6% from 2022 to 2030.
Blockchain Integration Fuels South & Central America Public Key Infrastructure Market
Blockchain integration presents a compelling opportunity to the PKI market by enhancing the security and functionality of decentralized systems. PKI provides a robust framework for managing digital identities, authenticating users, and securing communications - essential components for blockchain networks. As blockchain relies on cryptographic keys for identity verification and transaction integrity, PKIs expertise in key management seamlessly aligns with blockchains requirements. The combination ensures the trustworthiness of digital transactions, mitigates the risk of unauthorized access, and safeguards the integrity of data within the blockchain. This synergy between PKI and blockchain is crucial for fostering trust in decentralized ecosystems, making PKI a key enabler for blockchain-based applications ranging from financial transactions to supply chain management. As blockchain continues to permeate various industries, the demand for PKI solutions to fortify the security infrastructure of decentralized networks is a significant avenue for the PKI market.
South & Central America Public Key Infrastructure Market Overview
The SAM public key infrastructure market is segmented into Brazil, Argentina, and the Rest of SAM. SAM is strongly focusing on improving its manufacturing capacity through digital transformation and in advancing its telecommunications infrastructure, in order to stabilize its economies. Such trends are supporting the public key infrastructure market growth in SAM. Nowadays, in the connected era, South America relies on various technologies, such as mobile banking, to secure the most critical systems. As the use of technology surges, so does the volume of the threats. South America has one of the fastest-growing Internet populations globally, giving rise to several significant cybersecurity challenges. Criminals are continuously looking to exploit new vulnerabilities to steal identities and intellectual property. The region saw increases in data breaches, mobile malware, and other online threats. The region is witnessing an increase in the adoption of IoT technology. In July 2021, the Brazilian government launched a new technology development center to focus on IoT approaches, 5G networks, and robotics. The center is also expected to generate new jobs and skilled professionals in Industry 4.0 technologies and applications in various sectors, including product manufacturing. With the increasing adoption of IoT, the need for advanced security solutions is also increasing in the region, fueling the growth of the public key infrastructure market in SAM.
Network operators in the region are implementing public key infrastructure technology to mitigate the risk associated with cybercrimes. Also, several companies in the region are inclined toward providing security solutions such as public key infrastructure solutions. With the help of inorganic growth strategies, such as acquisitions, companies are expanding their presence in the region. For instance, in November 2018, Entrust Datacard, a provider of identity and secure technology solutions, acquired Safelayer Secure Communications S.A. The acquisition enabled Entrust Datacard to continue to expand its market presence and technical capabilities in South America. Thus, all the above factors are boosting the growth of the public key infrastructure market in SAM.
South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Public Key Infrastructure Market Segmentation
The South & Central America public key infrastructure market is segmented into component, deployment, enterprise size, end user, and country.
Based on component, the South & Central America public key infrastructure market is segmented into solutions and services. The solutions segment held a larger share of the South & Central America public key infrastructure market in 2022. The services segment is further sub segmented into professional services and managed services.
Based on deployment, the South & Central America public key infrastructure market is segmented into on-premise and cloud. The on-premise segment held a larger share of the South & Central America public key infrastructure market in 2022.
Based on enterprise size, the South & Central America public key infrastructure market is segmented into SMEs and large enterprises. The large enterprises segment held a larger share of the South & Central America public key infrastructure market in 2022.
Based on end user, the South & Central America public key infrastructure market is segmented into BFSI, retail & e-commerce, government & defense, IT & telecom, manufacturing & automotive, and others. The BFSI segment held the largest share of the South & Central America public key infrastructure market in 2022.
Based on country, the South & Central America public key infrastructure market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America public key infrastructure market in 2022.
eMudhra Limited, Entrust Corp, Fortinet Inc., GMO GlobalSign Ltd, and Thales SA are some of the leading companies operating in the South & Central America public key infrastructure market.
Blockchain Integration Fuels South & Central America Public Key Infrastructure Market
Blockchain integration presents a compelling opportunity to the PKI market by enhancing the security and functionality of decentralized systems. PKI provides a robust framework for managing digital identities, authenticating users, and securing communications - essential components for blockchain networks. As blockchain relies on cryptographic keys for identity verification and transaction integrity, PKIs expertise in key management seamlessly aligns with blockchains requirements. The combination ensures the trustworthiness of digital transactions, mitigates the risk of unauthorized access, and safeguards the integrity of data within the blockchain. This synergy between PKI and blockchain is crucial for fostering trust in decentralized ecosystems, making PKI a key enabler for blockchain-based applications ranging from financial transactions to supply chain management. As blockchain continues to permeate various industries, the demand for PKI solutions to fortify the security infrastructure of decentralized networks is a significant avenue for the PKI market.
South & Central America Public Key Infrastructure Market Overview
The SAM public key infrastructure market is segmented into Brazil, Argentina, and the Rest of SAM. SAM is strongly focusing on improving its manufacturing capacity through digital transformation and in advancing its telecommunications infrastructure, in order to stabilize its economies. Such trends are supporting the public key infrastructure market growth in SAM. Nowadays, in the connected era, South America relies on various technologies, such as mobile banking, to secure the most critical systems. As the use of technology surges, so does the volume of the threats. South America has one of the fastest-growing Internet populations globally, giving rise to several significant cybersecurity challenges. Criminals are continuously looking to exploit new vulnerabilities to steal identities and intellectual property. The region saw increases in data breaches, mobile malware, and other online threats. The region is witnessing an increase in the adoption of IoT technology. In July 2021, the Brazilian government launched a new technology development center to focus on IoT approaches, 5G networks, and robotics. The center is also expected to generate new jobs and skilled professionals in Industry 4.0 technologies and applications in various sectors, including product manufacturing. With the increasing adoption of IoT, the need for advanced security solutions is also increasing in the region, fueling the growth of the public key infrastructure market in SAM.
Network operators in the region are implementing public key infrastructure technology to mitigate the risk associated with cybercrimes. Also, several companies in the region are inclined toward providing security solutions such as public key infrastructure solutions. With the help of inorganic growth strategies, such as acquisitions, companies are expanding their presence in the region. For instance, in November 2018, Entrust Datacard, a provider of identity and secure technology solutions, acquired Safelayer Secure Communications S.A. The acquisition enabled Entrust Datacard to continue to expand its market presence and technical capabilities in South America. Thus, all the above factors are boosting the growth of the public key infrastructure market in SAM.
South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Public Key Infrastructure Market Segmentation
The South & Central America public key infrastructure market is segmented into component, deployment, enterprise size, end user, and country.
Based on component, the South & Central America public key infrastructure market is segmented into solutions and services. The solutions segment held a larger share of the South & Central America public key infrastructure market in 2022. The services segment is further sub segmented into professional services and managed services.
Based on deployment, the South & Central America public key infrastructure market is segmented into on-premise and cloud. The on-premise segment held a larger share of the South & Central America public key infrastructure market in 2022.
Based on enterprise size, the South & Central America public key infrastructure market is segmented into SMEs and large enterprises. The large enterprises segment held a larger share of the South & Central America public key infrastructure market in 2022.
Based on end user, the South & Central America public key infrastructure market is segmented into BFSI, retail & e-commerce, government & defense, IT & telecom, manufacturing & automotive, and others. The BFSI segment held the largest share of the South & Central America public key infrastructure market in 2022.
Based on country, the South & Central America public key infrastructure market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America public key infrastructure market in 2022.
eMudhra Limited, Entrust Corp, Fortinet Inc., GMO GlobalSign Ltd, and Thales SA are some of the leading companies operating in the South & Central America public key infrastructure market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
4.3 Premium Insights
4.3.1 Strengths and Weakness of Public Key Infrastructure
4.3.1.1 Strength
4.3.1.2 Weakness
4.3.2 Blockchain and Public Key Infrastructure
5. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET - KEY INDUSTRY DYNAMICS
5.1 South & Central America Public Key Infrastructure Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Cybersecurity Threats Across Industries
5.2.2 Growing Logistics and E-Commerce Sectors
5.2.3 Increasing Number of Connected Devices
5.3 Market Restraints
5.3.1 Lack of Technically Skilled Professionals
5.4 Market Opportunities
5.4.1 Blockchain Integration
5.5 Future Trends
5.5.1 Increasing Use of Digital Certificates in Various Applications
5.6 Impact of Drivers and Restraints:
6. PUBLIC KEY INFRASTRUCTURE MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Public Key Infrastructure Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Public Key Infrastructure Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - COMPONENT
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Professional Services
7.2.3.1 Overview
7.2.3.2 Professional Services: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.4 Managed Services
7.2.4.1 Overview
7.2.4.2 Managed Services: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - DEPLOYMENT
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - ENTERPRISE SIZE
9.1 SMEs
9.1.1 Overview
9.1.2 SMEs: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9.2 Large Enterprises
9.2.1 Overview
9.2.2 Large Enterprises: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - END USER
10.1 Banking, Financial Services, & Insurance (BFSI)
10.1.1 Overview
10.1.2 BFSI: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.2 Retail & e-Commerce
10.2.1 Overview
10.2.2 Retail & e-Commerce: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.3 Government & Defense
10.3.1 Overview
10.3.2 Government & Defense: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.5 Manufacturing & Automotive
10.5.1 Overview
10.5.2 Manufacturing & Automotive: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
11. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET - COUNTRY ANALYSIS
11.1.1 South & Central America Public Key Infrastructure Market, by Key Country
11.1.1.1 Brazil: South & Central America Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.1.1 Brazil: South & Central America Public Key Infrastructure Market, by Component
11.1.1.1.2 Brazil: South & Central America Public Key Infrastructure Market, by Deployment
11.1.1.1.3 Brazil: South & Central America Public Key Infrastructure Market, by Enterprise Size
11.1.1.1.4 Brazil: South & Central America Public Key Infrastructure Market, by End User
11.1.1.2 Argentina: South & Central America Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.2.1 Argentina: South & Central America Public Key Infrastructure Market, by Component
11.1.1.2.2 Argentina: South & Central America Public Key Infrastructure Market, by Deployment
11.1.1.2.3 Argentina: South & Central America Public Key Infrastructure Market, by Enterprise Size
11.1.1.2.4 Argentina: South & Central America Public Key Infrastructure Market, by End User
11.1.1.3 Rest of SAM: South & Central America Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.3.1 Rest of SAM: South & Central America Public Key Infrastructure Market, by Component
11.1.1.3.2 Rest of SAM: South & Central America Public Key Infrastructure Market, by Deployment
11.1.1.3.3 Rest of SAM: South & Central America Public Key Infrastructure Market, by Enterprise Size
11.1.1.3.4 Rest of SAM: South & Central America Public Key Infrastructure Market, by End User
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
13. COMPANY PROFILES
13.1 eMudhra Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Entrust Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Fortinet Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Thales SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 GMO GlobalSign Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
4.3 Premium Insights
4.3.1 Strengths and Weakness of Public Key Infrastructure
4.3.1.1 Strength
4.3.1.2 Weakness
4.3.2 Blockchain and Public Key Infrastructure
5. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET - KEY INDUSTRY DYNAMICS
5.1 South & Central America Public Key Infrastructure Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Cybersecurity Threats Across Industries
5.2.2 Growing Logistics and E-Commerce Sectors
5.2.3 Increasing Number of Connected Devices
5.3 Market Restraints
5.3.1 Lack of Technically Skilled Professionals
5.4 Market Opportunities
5.4.1 Blockchain Integration
5.5 Future Trends
5.5.1 Increasing Use of Digital Certificates in Various Applications
5.6 Impact of Drivers and Restraints:
6. PUBLIC KEY INFRASTRUCTURE MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Public Key Infrastructure Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Public Key Infrastructure Market Forecast and Analysis
7. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - COMPONENT
7.1 Solutions
7.1.1 Overview
7.1.2 Solutions: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Professional Services
7.2.3.1 Overview
7.2.3.2 Professional Services: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
7.2.4 Managed Services
7.2.4.1 Overview
7.2.4.2 Managed Services: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - DEPLOYMENT
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - ENTERPRISE SIZE
9.1 SMEs
9.1.1 Overview
9.1.2 SMEs: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
9.2 Large Enterprises
9.2.1 Overview
9.2.2 Large Enterprises: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET ANALYSIS - END USER
10.1 Banking, Financial Services, & Insurance (BFSI)
10.1.1 Overview
10.1.2 BFSI: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.2 Retail & e-Commerce
10.2.1 Overview
10.2.2 Retail & e-Commerce: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.3 Government & Defense
10.3.1 Overview
10.3.2 Government & Defense: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.5 Manufacturing & Automotive
10.5.1 Overview
10.5.2 Manufacturing & Automotive: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: South & Central America Public Key Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
11. SOUTH & CENTRAL AMERICA PUBLIC KEY INFRASTRUCTURE MARKET - COUNTRY ANALYSIS
11.1.1 South & Central America Public Key Infrastructure Market, by Key Country
11.1.1.1 Brazil: South & Central America Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.1.1 Brazil: South & Central America Public Key Infrastructure Market, by Component
11.1.1.1.2 Brazil: South & Central America Public Key Infrastructure Market, by Deployment
11.1.1.1.3 Brazil: South & Central America Public Key Infrastructure Market, by Enterprise Size
11.1.1.1.4 Brazil: South & Central America Public Key Infrastructure Market, by End User
11.1.1.2 Argentina: South & Central America Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.2.1 Argentina: South & Central America Public Key Infrastructure Market, by Component
11.1.1.2.2 Argentina: South & Central America Public Key Infrastructure Market, by Deployment
11.1.1.2.3 Argentina: South & Central America Public Key Infrastructure Market, by Enterprise Size
11.1.1.2.4 Argentina: South & Central America Public Key Infrastructure Market, by End User
11.1.1.3 Rest of SAM: South & Central America Public Key Infrastructure Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.1.3.1 Rest of SAM: South & Central America Public Key Infrastructure Market, by Component
11.1.1.3.2 Rest of SAM: South & Central America Public Key Infrastructure Market, by Deployment
11.1.1.3.3 Rest of SAM: South & Central America Public Key Infrastructure Market, by Enterprise Size
11.1.1.3.4 Rest of SAM: South & Central America Public Key Infrastructure Market, by End User
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
13. COMPANY PROFILES
13.1 eMudhra Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Entrust Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Fortinet Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Thales SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 GMO GlobalSign Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
