According to the latest report by IMARC Group, titled “Global Enterprise Key Management Market Size<\/a>, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027<\/strong>“, 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.<\/p>\n\n\n\n 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.\u00a0<\/p>\n\n\n\n Enterprise Key Management Market Trends and Drivers:<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\nReport Metric<\/strong><\/td><\/tr> Historical: 2016-2021<\/td><\/tr> Base Year: 2021<\/td><\/tr> Forecast Year: 2022-2027<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n