Digital Trust Leader Secures Top Spot in the 2024 Frost Radar™ Out of 20 PKIaaS Vendors Considered

Keyfactor, the identity-first security solution for modern enterprises, today announced that it has been named the top leader in Frost & Sullivan’s 2024 Frost Radar™ for PKI-as-a-Service (PKIaaS).

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Keyfactor was recognized as the strongest performer on both the Innovation and Growth Indexes for its innovative PKIaaS offering, Keyfactor PKIaaS. According to Frost & Sullivan, Keyfactor’s PKIaaS adaptability, operational flexibility, and intelligence put the company ahead of the competition.

“Keyfactor’s flagship PKIaaS offering combines fully managed, cloud-based PKI and end-to-end certificate lifecycle automation into a true full-stack product,” said Özgün Pelit, Senior Industry Analyst, Frost & Sullivan. “Owning the PKI technology through EJBCA, as well as the cryptographic libraries and APIs through Bouncy Castle, gives the Keyfactor solution a unique edge. Having strategic control over the entire stack enables Keyfactor to offer rapid updates across its platform and quick time to value for new use cases, standards, and bespoke customer requirements.”

Keyfactor was also recognized for its substantial growth, backed by consistently strong year-over-year growth, ability to scale, and industry-leading marketing initiatives.

“Amidst an evolving threat ecosystem, further challenged by AI and the threat of quantum computing, implementing strong PKI management has never been more critical,” said Jordan Rackie, CEO, Keyfactor. “As the creators of PKIaaS, with more than 20 years of experience, Keyfactor sets the industry standard, empowering teams to establish digital trust with identity-first security for every human and machine. It’s an honor to be recognized by Frost & Sullivan and it’s a testament to our commitment to innovation, which has resulted in impressive growth through a dynamic economic period.”

In today’s increasingly connected world, where companies are grappling with the migration to cloud-based infrastructure and expansion of online services, the need for strong PKI management has intensified drastically. With the National Institute of Standards and Technology (NIST) publishing their first set of post-quantum cryptography (PQC) standards, companies are now faced with a daunting migration. As part of the post-quantum transition, organizations must prioritize fortifying their PKI strategy to ensure crypto-agility, which plays a crucial role in establishing trust in digital communications and transactions. With Keyfactor PKIaaS, organizations are protected with secure and resilient infrastructure that maintains the security, reliability, and integrity of digital interactions.

The 2024 Frost Radar™: PKI-as-a-Service report identified 20 companies in the market globally and selected nine for further evaluation, considering each organization's PKIaaS offering capabilities, revenue growth, and global presence. Following evaluation, The Frost Radar™, a robust, analytical tool, measured companies across two critical indexes for success: innovation and growth which, when combined together, benchmark a company’s future potential.

Read the full 2024 Frost Radar™: PKI-as-a-Service report here. For more information on Keyfactor’s leading PKIaaS solution, please visit https://www.keyfactor.com/products/cloud-pki-as-a-service/.

About Keyfactor

Keyfactor brings digital trust to the hyper-connected world with identity-first security for every machine and human. By simplifying PKI, automating certificate lifecycle management, and securing every device, workload, and thing, Keyfactor helps organizations move fast to establish digital trust at scale — and then maintain it. In a zero-trust world, every machine needs an identity and every identity must be managed. For more, visit keyfactor.com.

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