Global Enterprise Key Management Market, By Component (Solutions and Services), Deployment Type (Cloud and On-Premises) Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Application (Disk Encryption, File and Folder Encryption, Database Encryption, Communication Encryption and Cloud Encryption), End User (Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, IT and Telecom, Retail, Aerospace and Defence, Energy and Utilities, Manufacturing and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising awareness and adoption of operational efficiency and security has led to the rise in demand for enterprise key management. Data Bridge Market Research analyses that the enterprise key management market will exhibit a CAGR of 19.8% for the forecast period of 2021-2028.
Enterprise key management is the management of the full lifecycle of cryptographic keys, decryption, destruction, and access management. The lifecycle includes generating, storing, using, archiving, and deleting the keys. In other words, enterprise key management provides encryption keys across various databases and systems. This entire thing can be done centrally, efficiently and securely manage and store cryptographic keys and policies by the organization. The major highlight of enterprise key management is that it can offer protection against trade secrets and other critical information.
An increase in the level of complexities in managing and securing high-profile data has led to the rise in demand for enterprise key management. Supportive governmental policies and regulations in the direction of data security have also propelled the growth in demand for enterprise key management. Rising demand and adoption of cloud services by different sizes of organizations coupled with a rise in demand for cloud services by various end-user verticals to maximize operational security, the enterprise key management market value is bound to rocket up.
However, a lack of awareness about the benefits of enterprise key management among low-scale enterprises will slow down the market growth rate. The dearth of skilled professionals or trained expertise will further derail the market growth rate. High data complexity will further pose a challenge to the market growth.
This enterprise key management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on enterprise key management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Enterprise Key Management Market Scope and Market Size
The enterprise key management market is segmented on the basis of component, deployment model, organization size, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the enterprise key management market is segmented into solutions and services. Services segment is further sub-segmented into professional services and managed services. Professional services segment is further bifurcated into consulting, system integration, deployment and support.
- On the basis of deployment type, the enterprise key management market is segmented into cloud and on-premises.
- On the basis of organization size, the enterprise key management market is segmented into large enterprises and small and medium enterprises.
- On the basis of application, the enterprise key management market is segmented into disk encryption, file and folder encryption, database encryption, communication encryption and cloud encryption.
- On the basis of end user, the enterprise key management market is segmented into banking, financial services, and insurance (BFSI), healthcare, government, IT and telecom, retail, aerospace and defence, energy and utilities, manufacturing and others.
Enterprise Key Management Market Country Level Analysis
The enterprise key management market is analysed and market size, volume information is provided by country, component, deployment model, organization size, application and end user as referenced above.
The countries covered in the enterprise key management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the enterprise key management market. This is because of a well-developed IT infrastructure coupled with rising adoption of cloud services. Rising cyber threats and security concerns have further led to the rise in adoption of enterprise key management across countries in this region. Asia-Pacific on the other hand will undergo the highest growth rate owing to the expansion and growth of small and medium sized enterprises. Supportive governmental policies to develop the IT infrastructure will also promote the demand for enterprise key management.
The country section of the enterprise key management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Enterprise Key Management Market Share Analysis
The enterprise key management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the enterprise key management market.
The major players covered in the enterprise key management market report are IBM Corporation, Microsoft, Amazon Web Services, Inc., CipherCloud, Thales Group, Google LLC, Box, Egnyte, Inc., StorMagic., SEPIOR., Unbound, Hewlett Packard Enterprise Development LP, Oracle, RSA Security LLC, Venafi, Inc., Broadcom., Quantum Corporation., Dell, WinMagic., and Sun Microsystems, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.