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Unlocking the True Value of PKI Management: Keyfactor's Impact Study

In a rapidly changing digital landscape, organizations must prioritize effective management of their Public Key Infrastructure (PKI) to ensure digital trust and security. A recent Total Economic Impact™ (TEI) study commissioned by Keyfactor, a leader in digital trust, underscores remarkable benefits for enterprises embracing modernization of PKI and certificate lifecycle management.

The study, conducted by Forrester Consulting, revealed a staggering 356% return on investment (ROI) and an impressive $12.7 million in total benefits over three years for enterprises utilizing Keyfactor's solutions. Most notably, payback was achieved in under six months, providing compelling evidence of the financial viability of upgrading these critical infrastructures.

Key Findings from the Study

Forrester’s analysis was informed by interviews with five enterprise customers and modeled data from a composite organization comprising 40,000 employees with $20 billion in annual revenue. The insights gathered indicate total risk-adjusted benefits amounting to $12.7 million against $2.8 million in associated costs.

Four primary forces are mandating an urgent need for efficient PKI management:
1. Surging Certificate Volumes: Increased demand driven by advancements in AI, cloud computing, and the Internet of Things (IoT) is spawning vast numbers of certificates.
2. Length of Certificate Lifespans: Lifespans for public certificates are predicted to plummet to just 47 days by 2029, exerting pressure on businesses to remain agile.
3. Emergence of Post-Quantum Cryptography: As current cryptographic techniques become outdated and unsafe, firms must adapt to these new standards quickly.
4. Regulatory Pressures: Heightened regulatory demands are forcing organizations across multiple sectors to prioritize compliance.

Many customers interviewed emphasized that prior to implementing Keyfactor, they faced several operational roadblocks, including limited visibility, outdated manual processes, fragmented tools, and extensive legacy infrastructure. These hurdles often resulted in costly outages, security incidents, and regulatory compliance challenges.

Keyfactor’s pioneering approach has effectively addressed these challenges by providing a centralized platform for certificate issuance, control, visibility, and automation throughout the enterprise.

Operational Efficiencies Realized

The TEI study illustrated how enterprises using Keyfactor were able to achieve significant operational efficiencies, namely:

• - Saving up to 12,000 hours on new certificate provisioning.
• - Cutting renewal time by nearly 25 minutes per certificate.
• - Preventing over 6,600 hours worth of certificate deployment efforts.
• - Reducing certificate-related incidents by 95%.
• - Lowering PKI infrastructure costs by an impressive 65% to 95%.
• - Enhancing overall security posture and visibility across the organization.

The automation provided by Keyfactor’s Software as a Service (SaaS) allows for easier control over the certificate lifecycle, enabling companies to seamlessly renew certificates and eliminate reliance on outdated, manual processes. Moreover, this transition has prepared businesses for adopting shorter certificate lifespans and adapting to post-quantum cryptography—not just as a preventative measure, but as a transformative strategy for overall operational health.

Implications on Business Strategy

Jordan Rackie, CEO of Keyfactor, stated, "Digital trust has evolved into an essential aspect of infrastructure. As certificate volumes swell and encryption protocols advance, companies can no longer afford to rely on manual methods or outdated systems. This study substantiates our customers' feedback, which emphasizes that modernizing PKI and automating the certificate lifecycle is not just about enhancing security; it's also a strategy for achieving tangible business value, mitigating risks, and fostering innovation."

The Total Economic Impact™ study acts as a valuable guide for organizations assessing the potential financial and operational impact of modernizing their PKI and certificate management with Keyfactor's solutions.

To explore the detailed findings of the study, visit Keyfactor's website. This is a crucial step for businesses aiming to stay ahead in the competitive digital arena and ensure their operations are grounded in reliable, secure digital trust.

About Keyfactor

Keyfactor empowers businesses to cultivate and retain secure, trusted connections across diverse devices and workloads. By simplifying PKI management and automating the certificate lifecycle, Keyfactor supports organizations in navigating challenges like increasing certificate volumes and adapting to evolving regulations while paving the way toward a seamless transition to post-quantum cryptography. For further information, check out their offerings at Keyfactor.