Enterprise Key Management Market- Global Industry Analysis and Forecast (2024-2030)

The Enterprise Key Management Market size was valued at USD 2.73 Billion in 2023 and the total Enterprise Key Management revenue is expected to grow at a CAGR of 20.5% from 2024 to 2030, reaching nearly USD 10.09 Billion.

The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.

An enterprise key management solution has offer a single comprehensive approach, which can interoperate with the entire enterprise environment. It also needs to support the data center applications and remote sites like retail point of sale (POS) and branch offices.To know about the Research Methodology :- Request Free ample Report
Enterprise Key Management Market, Dynamics:
Currently, an increase in security threats and regulatory mandates have forced enterprises to adopt a wide range of encryption technologies, which require an enterprise key management strategy are expected to drive the global enterprise key management market growth. Strong and secure key management practices with programmed policy enforcement are required to manage, protect, and serve encryption keys. The enterprise secure key manager delivers a centralized key management hardware based solution for unifying and automating encryption key controls of the organization by creating, protecting, serving, and auditing access.

Enterprise key management solutions are gaining popularity by organizations. The Enterprise key management services are playing a vital to enable the proper implementation and integration of enterprise key management solutions. Enterprise key management service providers are empowering organizations to take ownership of enterprise encryption keys by delivering exclusive control that can maintain the usage keys.

On the other hand, lack of awareness about enterprise key management among enterprises is expected to limit the growth in the global enterprise key management market.
Enterprise Key Management Market, Segment Analysis:
Cloud-based encryption solutions are expected to grow at a xx% rate of CAGR during the forecast period. Organizations are adopting cloud-based storage solutions to store business data and also offer various cost benefits and operational efficiencies. Encryption technologies have potential uses across the industry verticals as they deliver enhanced data protection against malicious users. Technology firms and service providers are delivering a wide range of solutions, which can offer superior operational efficiencies for organizations and comply with data security mandates.

Banking, Financial Services, and Insurance (BFSI) is expected to grow at a xx% rate of CAGR during the forecast period because of the stringent regulatory and compliance mandates pertaining to safeguarding sensitive data. The BFSI vertical is expected to account more than 31.9% of the enterprise key management market. An increase in online transactions, e-commerce, and digitalization of financial and welfare services are some of the prominent key drivers are increasing the adoption of enterprise key management solutions across the BFSI vertical.
Regional Insights:
The North American region has a broader adoption of encryption solutions across all verticals. The region is known as a hotspot for innovation with the presence of major technology key players and innovative new start-ups developing disruptive technologies. The existence of better technology infrastructure, organizations is early adopters in the digital era that are introduced a variety of potential risks like loss of personal information, and system malfunctions, which is extensively exploited by malicious users. Additionally, technological proliferation, increased penetration of digital services and the increasing cyber attacks are expected to increase the adoption of encryption solutions in North America.

Enterprise Key Management Market, Competitive Analysis:

Some of the prominent key players are focusing on undertaking inorganic growth strategies, involving mergers and acquisitions with the start-ups and established small and medium firms, to increase their product portfolios. Many technology players are also investing high amount in innovation labs and centers of excellence and collaborating with various research institutes to develop new innovative solutions and differentiated products that are expected to drive the market growth.

The objective of the report is to present a comprehensive analysis of the Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and projects the Global Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
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Enterprise Key Management Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 2.73 Bn.


Forecast Period 2024 to 2030 CAGR:
20.5%
Market Size in 2030:
USD 10.09 Bn.


 Segments Covered:
by Component
Solutions
Services
Professional services
Managed services


by Deployment Type
On-premises
Cloud


by Application
Disk Encryption
File/Folder Encryption
Database Encryption
Communication Encryption
Cloud Encryption


by Vertical
Healthcare
Government
Information Technology (IT) and telecom
Retail
Aerospace and defense
Energy and utilities
Manufacturing


by Organization Size
SMEs
Large Enterprises



Enterprise Key Management Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1.IBM Corporation
2.Oracle Corporation
3.Quantum Corporation
4.RSA Information Security,
5.Subsidiary of Dell EMC.
6.Thales E-Security, Inc.
7.Townsend Security
8.Venafi
9.Winmagic, Inc.
10.Amazon Web Services, Inc.
11.CA Technologies, Inc.
12.Dyadic Security
13.Gemalto NV
14.Google Inc.
15.Hewlett Packard Enterprise
16.Microsoft
17.CipherCloud
18.Egnyte, Inc.
19.StorMagic
20.SEPIOR
21.Unbound
22.Broadcom.
23.Microsystems, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Enterprise Key Management Market?
Ans: The Global Enterprise Key Management Market is growing at a CAGR of 20.5% during forecasting period 2024-2030.

3. What is scope of the Global Enterprise Key Management market report?
Ans: Global Enterprise Key Management Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Enterprise Key Management market?
Ans: The important key players in the Global Enterprise Key Management Market are – IBM Corporation, Oracle Corporation, Quantum Corporation, RSA Information Security,, Subsidiary of Dell EMC., Thales E-Security, Inc., Townsend Security, Venafi, Winmagic, Inc., Amazon Web Services, Inc., CA Technologies, Inc., Dyadic Security, Gemalto NV, Google Inc., Hewlett Packard Enterprise, Microsoft, and CipherCloud

5. What was the Global Enterprise Key Management Market size in 2023??
Ans: The Global Enterprise Key Management Market size was USD 2.73 Billion in 2023.