Some tradeoffs of having a Certificate Authority in your model
There are two leading models for checking identity via public key cryptography in a self-contained environment; you can simply maintain and distribute a list of valid keys, or you can set up a little local CA, have it sign the keys, and then verify keys against the CA's public key. One prominent system that offers you the choice of either option is OpenSSH, which famously supports both models and lets you chose between them for both server public keys and user authentication keys. Despite writing a certain amount about what I see as the weaknesses of the CA model, I accept that the CA model has advantages and makes tradeoffs (like many things in security).
The obvious advantage of the CA model is that using a CA means that you don't have to distribute your keylist around. In the non-CA model, everyone needs to have a copy of the entire list of valid keys they may need to deal with; in the CA model, this is replaced by the much smaller job of distributing the CA keys. Given this, the CA model is likely to be especially popular with big places where distributing the keylist is a hard problem; you have lots of updates, a big keylist, many places to send it, or all of the above. Conversely, if your keylist is essentially constant and you have only a few places where it needs to be distributed to, the CA model is not necessarily much of a win.
(The CA model doesn't entirely eliminate moving keys around, because you still need to get keys signed and the signatures transported to the things that need to use the keys. Nor does the CA model prevent the compromise of individual keys; they can still be copied or stolen by attackers.)
By removing the keylist distribution problem, the CA model enables the use of more keys and more key changes than might be feasible otherwise. One potentially important consequence of removing the distribution problem is that new CA-signed keys are instantly valid everywhere. When you get a new key, you can use it immediately; you don't have to wait for systems to synchronize and update.
(Frequent key changes and limited key lifetimes have the traditional security advantages of limiting the impact of key theft and perhaps making it significantly harder in the first place.)
A more subtle advantage of the CA model is that using CAs enables mass invalidation of keys, because the validity of a whole bunch of keys is centrally controlled through the validity of their CA. If you remove or invalidate a CA, all keys signed (only) by it immediately stop working (assuming that your software gets things right by, eg, checking CA validity dates, not just key validity dates).
The drawback of the CA model is the same as it ever was, which is that a local CA is a single point of compromise for your entire authentication system, and having a CA means you can no longer know for sure what keys have access to your systems. If your systems are working properly you haven't signed any improper or unauthorized keys and you have a complete list of what keys you have signed, but you ultimately have to take this on trust (and audit key use to make sure that all keys you see are ones you know about). The story of the modern public CA system over the past few years is a cautionary story about how well that's worked out in the large, which is so well that people are now creating what is in effect a set of giant key distribution systems for TLS.
(That is ultimately what Certificate Transparency is; it's a sophisticated technique to verify that all keys are in a list.)
Using a local CA thus is a tradeoff. You're getting out of key distribution and giving yourself some multi-level control over key validity in exchange for creating a single point of security failure. It remains my view that in most environments, key distribution is not a big problem and properly operating a genuinely secure CA is. However, setting up a sort of secure CA is certainly much easier than readily solving key distribution (especially key distribution to end devices), so I expect using local CAs to remain eternally attractive.
(Or perhaps these days there's easily installed and operated software for local CAs that relies on the security of, say, a Yubikey for actually signing keys. Of course if the CA operator has to touch their Yubikey every time to sign a new key, you're not going to be doing that a lot.)