What is Enterprise Key Management?
Enterprise key management (EKM) is a feature that allows an organization to encrypt sensitive data with cryptographic keys. It integrates a centralized management tool to secure the creation, access, maintenance, decryption, and destruction of cryptographic keys. It also gives more control over the data and assists in protecting the trade secrets and other sensitive information of an organization, thereby minimizing the number of skilled human resources required to manage keys. In addition, it provides numerous benefits, such as automated backups, reduced risk and cost, enhanced security, accessibility, and streamlined efficiency. As a result, EKM finds extensive applications in healthcare, retail, banking, financial services, and insurance (BFSI) industries. Enterprise’s key management market to grow at USD $7.8 Million with a growth rate of 21% CAGR by 2030.
Enterprise Key Management Market Trends and Drivers:
The market is primarily driven by the increasing incidences of data breaches and hacking in businesses across the globe. This can be attributed to the rising digitization that makes data more accessible and vulnerable to theft and hacking.
In addition, the governments of numerous countries are developing national cybersecurity defense strategies to combat risks encountered by their citizens, businesses, and critical infrastructure, which is contributing to market growth. Moreover, the widespread adoption of EKM solutions by various organizations to improve the overall efficiency of their security procedures represents another major growth-inducing factor.
Furthermore, the growing information technology (IT) sector and the rapid expansion of small and medium-sized enterprises (SMEs) are also creating a positive market outlook.
Global Enterprise Key Management Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Enterprise Key Management Companies:
Amazon Web Services Inc. (Amazon.com Inc.), Box Inc., Broadcom Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Thales Group, Townsend Security, Unbound Security and WinMagic Inc.
The report has segmented the market on the basis of region, component, deployment mode, enterprise size, application and end use industry.
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Breakup by Component:
• Solutions
• Services
Breakup by Deployment Mode:
• On-premises
• Cloud-based
Breakup by Enterprise Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by Application:
• Disk Encryption
• File and Folder Encryption
• Database Encryption
• Communication Encryption
• Cloud Encryption
Breakup by End Use Industry:
• BFSI
• Healthcare
• Retail
• IT and Telecom
• Government and Defense
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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ENTERPRISE KEY MANAGEMENT MARKETThe global market of key management as a service is ready to be valued at USD 2,296.32 Million by 2025 from USD 363.54 million in 2018.
The growth rate is calculated to be 31.22% CAGR for the market during the forecast period 2019–2025.
Market Research Future presents the study on the global management as a service market and focuses on the crucial aspects such as driving factors, market players investing, regional shares and segmental analysis to understand better dynamics of the market for future.Key Drivers & ChallengesKey management as a service; in general, encompasses facilities that consent to easy management of cryptographic keys for the safety of sensitive data, and credentials of enterprises across cloud as well as on-premise infrastructure.
It also assists the enterprises to fortify its key control and information security to enhance IT efficiency through a secure encryption key security, multi-cloud support, and user access to key management.
These factors have been showcased as prominent factors that are driving the market’s growth now.At the same time, the emerging adoption of cloud-based platforms, mounting mandatory regulations in enterprises to meet compliances, and surging focus of organizations to augment their IT efficiency are the factors impacting the growth of key management as a service market constructively.
On the other hand, the key management as a service offers centralized key management that ensures access to cloud providers with a single browser.
The Global Enterprise Key Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversLoss of high profile data and compliance issuesReduction in overall ownership price for securityRestraintsLack of awareness coupled with skilled workforceThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on component, deployment type, organization size, application and vertical.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Component – Managed ServicesBy Deployment Type - CloudBy Organization Size - Small And Medium-Sized Enterprises (SMEs)By Application - Disk EncryptionBy Vertical - Banking, Financial Services, And Insurance (BFSI)By Geography – North AmericaBrowse the complete Global Enterprise Key Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/19999-enterprise-key-management-market-reportThe report also covers the complete competitive landscape of the global Enterprise Key Management market with company profiles of key players such as:Amazon Web Services, Inc.CA Technologies, Inc.Dyadic SecurityGemalto NVGoogle Inc.Hewlett Packard EnterpriseIBM CorporationOracle CorporationQuantum CorporationDell EMCThales E-Security, Inc.Townsend SecurityVenafiWinmagic, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Component:SolutionsServicesProfessional ServicesManaged ServicesBy Deployment Type:On-PremisesCloudBy Organization Size:Small And Medium-Sized Enterprises (SMEs)Large EnterprisesBy Applications:Disk EncryptionFile/Folder EncryptionDatabase EncryptionCommunication EncryptionCloud EncryptionBy Vertical:Banking, Financial Services, And Insurance (BFSI)HealthcareGovernmentInformation Technology (IT) And TelecomRetailAerospace And DefenseEnergy And UtilitiesManufacturingOthers (Transportation, Education, And Tourism)By Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Enterprise Key Management Market @ https://www.decisiondatabases.com/contact/download-sample-19999The Global Enterprise Key Management Market has been exhibited in detail in the following chapters -Chapter 1 Enterprise Key Management Market PrefaceChapter 2 Executive SummaryChapter 3 Enterprise Key Management Industry AnalysisChapter 4 Enterprise Key Management Market Value Chain AnalysisChapter 5 Enterprise Key Management Market Analysis By ComponentChapter 6 Enterprise Key Management Market Analysis By Deployment TypeChapter 7 Enterprise Key Management Market Analysis By Organization SizeChapter 8 Enterprise Key Management Market Analysis By ApplicationsChapter 9 Enterprise Key Management Market Analysis By VerticalChapter 10 Enterprise Key Management Market Analysis By GeographyChapter 11 Competitive Landscape Of Enterprise Key Management CompaniesChapter 12 Company Profiles Of Enterprise Key Management IndustryPurchase the complete Global Enterprise Key Management Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19999Other Reports by DecisionDatabases.com:Global Enterprise Asset Management (EAM) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Enterprise Video Content Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Enterprise Content Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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