Market Highlights
The study reveals that the market of Enterprise Key Management is trending in North America region. The Enterprise Key Management market is driven by the various factors such as it supports full key lifecycle management including partitioning, BYOK (Bring Your Own Key), generation , renewal, archiving and revocation of all types of standard cryptographic keys: RSA, ECC and AES keys for all purposes – encryption/decryption, digital signing and authentication. This has led to the widespread adoption of enterprise key management solutions.
The study also signifies that the Enterprise Key Management System Market is expected to grow at a high rate due to increasing volumes of sensitive data and to protect business-critical data from cyber- attacks. This has led to largely favored the adoption of enterprise key management solutions and services across various industries
The Enterprise Key Management System Market is growing rapidly over ~18.3% of CAGR and is expected to reach at USD ~$2,565 Million by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Enterprise Key Management Market Research Report -Forecast to 2023”.
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Market Segmentation
The MRFR provides an inclusive segmental analysis of the global enterprise key management market based on end users, organization size, applications, deployment type, and services type.
By service type, the global enterprise key management market is segmented into managed, professional , and others. Of these, the managed service type will lead the market over the forecast period as it helps to reduce expenses, help businesses lay emphasis on core competencies, and improve operational efficiency.
By deployment, the global enterprise key management market is segmented into cloud, on-premises, and others. Of these, cloud deployment will dominate the market over the forecast period as it offers high control and security & the ability to choose resources.
By application, the global enterprise key management market is segmented into database encryption, disk encryption, file/folder encryption, cloud encryption, communication encryption, and others. Of these, cloud encryption will have a major share in the market over the forecast period for the need to safeguard huge data volume and rising investments in cloud encryption solutions.
By organization size, the global enterprise key management market is segmented into large enterprises and small & medium-sized enterprises (SMEs). Of these, the SMEs will have a major share in the market over the forecast period for the burgeoning demand for secure IT infrastructure and increasing emphasis on the use of advanced IT technologies.
By end user, the global enterprise key management market is segmented into telecommunications, government and defense, industries, tourism, transportation, automotive, education, healthcare, aerospace, and others.
Regional Analysis
By region, the global enterprise key management market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The presence of leading companies such as Amazon Web Services that offers the most secure and flexible cloud computing environments that are driving a new generation of collaboration for organizations and business productivity is adding to the global enterprise key management market growth in the region.
The global enterprise key management market in Europe is predicted to hold the second-largest share over the forecast period. Several companies utilizing encrypted data which restricts the perils related to the electronic transactions in enterprise key management is adding to the global enterprise key management market growth in the region.
The global enterprise key management market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing use of electronic equivalent over handwritten signatures and heavy contribution by India, Japan, and China to the already existing positive performance of the global enterprise key management market is adding to the global enterprise key management market growth in the region.
The global enterprise key management market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Key players profiled in the global enterprise key management market include Oracle Corporation (US), Venafi, Inc. (US), RSA Security LLC (US), Gemalto NV (Netherland), Amazon Web Services, Inc. (US), International Business Machines Corporation (US), Hewlett Packard Enterprise Company (US), Virtucript, LLC (U.S), Sun Microsystems, Inc. (U.S), and Thales e-Security, Inc. (France).
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Enterprise Key Management Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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