Enterprise Key Management Market Forecasted to Reach USD 2,565 Million with a Growth Rate of 18.3% by the End of The Forecast Period
Research Reports
Apr 07, 2022
Market Overview
The global Enterprise Key Management Market is expected to reach USD 2,565 Million with a growth rate of 18.3% by the end of the forecast period. These key management solutions can secure critical Pisces of information and trade secrets of a business by managing the whole lifespan of cryptographic keys and all of their locations, including access, decryption, destruction, maintenance, and creation. The exponential rise in the volume of sensitive data acquired by an organization due to the adoption of digital services and internet users around the world is anticipated to boost the usage of encryption solutions. Innovative start-ups such as Vera, Ironic Security, and Final Code have successfully raised large funds through a variety of relationships with technology and venture capital organizations.
The global pandemic known as COVID-19 has transformed the way cloud vendors approach the global market. MrOwl, a Social Cloud Storage Platform that blends social, search, and digital organizing and also offers tools to users for protection, comprehensive resources, and also produce goods in this new era of work from home is expected to launch.
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Market Segmentation
Based on the Services Type, the market is segmented into Professional services, Managed Services, and Others.
Based on the Deployment Type, the market is segmented into On-premises, Cloud, and Others.
Based on the Markets’ Application, it is segmented into Communication Encryption, Cloud Encryption, File/Folder Encryption, Disk Encryption, Database Encryption, and Others.
Based on the End-users, the market is segmented into Aerospace, Healthcare, education, Automotive, Transportation, Tourism, Industries, Government & Defense, Telecommunications, and Others.
Based on the Size of the Organization, the market is segmented into Small and Medium-Sized Enterprises (SMEs) and Large Enterprises.
Based on the Region, the market is segmented into Asia-Pacific (India, China, Japan), North America (The U.S., Canada), Europe (The U.K., Germany), and the Rest of the World (RoW) (Latin America, Brazil, Mexico, and the Middle East & Africa).
Regional Classification
Authenticated users before transacting business are the main driver of the enterprise key management market in the North American area. Companies such as Amazon Web Services provide safe cloud computing environments and flexibility, which is a primary driver in a new generation of business cooperation and productivity. Many firms are focusing on encrypting data to decrease the risk associated with any electronic transactions in enterprise key management, and Europe is regarded as the second leading region in the global enterprise key management market. It is projected to hold the second-largest share in the market. Due to the strong need for electronic equivalents of handwritten signatures in this region, developing countries in the Asia Pacific region such as India, Japan, and China are projected to exhibit encouraging signs in the worldwide market.
Industry News
The major key players in the market are Hewlett Packard Enterprise Company (US), International Business Machines Corporation (US), Amazon Web Services, Inc. (US), Gemalto NV (Netherland), RSA Security LLC (US), Thales e-Security, Inc. (France), Sun Microsystems, Inc. (the U.S), Virtucript, LLC (U.S), Venafi, Inc. (the US), Oracle Corporation (US). These prominent corporations are pursuing initiative collaboration strategies to boost their profitability and market share.
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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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