The latest research study “Enterprise Key Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global enterprise key management market size reached a value of US$ 1.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.61 Billion by 2027, exhibiting a CAGR of 18.60% during 2022-2027.
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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 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 2022-2027 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.
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 (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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