Market Analysis
The global enterprise
key management market is predicted to touch USD 2,565 million at a whopping
18.3% CAGR between 2017- 2023 forecast period, asserts the recent Market
Research Future (MRFR) analysis. Enterprise key management, simply put, is a
crucial component of data solutions which includes dealing and managing with
replacement, destruction, use, storage, exchange, and generation of
cryptographic keys which encrypt various data sources like data over cloud
environment, backup tapes, big data repositories, disk drives, databases, and
emails. This protects cryptographic keys all through their lifecycle as well as
restrains users that are unauthorized from accessing the data or the
keys.
Various factors are
propelling the global enterprise
key management market growth. According to the latest MRFR report, such
factors include rising data breaches, stringent regulations, loss of
confidential data, and compliance standards for safeguarding sensitive data
from malicious users. Additional factors adding market growth include the shift
of companies to a digital environment to provide digital services & the
requirement to safeguard an ample amount of sensitive data
On the contrary, the
complexity of enterprise key management and the COVID-19 pandemic impact are
factors that may limit the global enterprise key management market growth
during the forecast period.
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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).
Browse
Complete Report @ https://www.marketresearchfuture.com/reports/enterprise-key-management-market-3346
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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