According to the latest report by IMARC Group, titled “Global Enterprise Key Management Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global enterprise key management market 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.
Enterprise key management (EKM) refers to an advanced data encryption solution that enables enterprises to centrally manage and store all cryptographic keys. It assists in the generation, maintenance, exchange, decryption, destruction, and replacement of the cryptographic keys used by the organization. It helps protect confidential business data, trade secrets, and other sensitive information by preventing unauthorized individuals from accessing the keys. It also eliminates the need for skilled human resources to manage keys due to its automation and scalability capabilities. As a result, EKM is widely used by businesses across various industries, including banking, financial services and insurance (BFSI), healthcare, information technology (IT), retail, and telecommunication.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Enterprise Key Management Market Trends and Drivers:
The global enterprise key management market is primarily driven by the rising incidences of data breaches and cyberattacks. Additionally, organizations are increasingly opting for EKM to optimize overall ownership costs and maximize operational efficiency and security.
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In line with this, the significant shift toward a digital environment and the rising volumes of sensitive data generated by enterprises have augmented the product demand. Furthermore, the implementation of stringent government regulations and compliance standards have accelerated the adoption of advanced security solutions, such as enterprise key management.
Other factors, including the expansion of small and medium-sized enterprises (SMEs), improving IT infrastructure, surging investments in cloud-based services, and rapid digitization, are also anticipated to propel market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Enterprise Key Management Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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The report has segmented the market on the basis of region, component, deployment mode, enterprise size, application and end use industry.
Breakup by Component:
Breakup by Deployment Mode:
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:
- IT and Telecom
- Government and Defense
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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