11th September 2019 – Global Enterprise
Key Management Market is expected
to reach USD 3.61 billion by 2025. Enterprise Key Management (EKM) is also
termed as professional key management systems, which has ability to recover,
generate, store, distribute, back up, organize encryption keys, and destroy
cryptographic keys to protect the sensitive data. The EKM tools allow IT
enterprises to lock down data on storage media. Numerous encryption key
management standards include Organization for the Advancement of Structured
Information Standards (OASIS) and Key Management Interoperability Protocol
(KMIP). The Enterprise Key Management Market is estimated to grow at a
significant CAGR over the forecast period as the scope and its applications are
rising enormously across the globe.
Rising need to exploit
operational efficiency and security, and growing data security anxiety are
documented as major factors of Enterprise Key Management Market that are
estimated to enhance the growth in the years to come. However, lack of
awareness regarding enterprise key management among organizations mainly in
SMEs is a factor that may restrain overall market growth in coming years.
Enterprise Key Management industry is segmented based on component, deployment
type, enterprise size, vertical, applications, and region.
Get a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/enterprise-key-management-market/request-sample
Services and solutions are
the components that could be explored in Enterprise Key Management in the
forecast period. The services may be managed or professional. Cloud and
on-premises are the deployment type that could be explored in Enterprise Key
Management in the forecast period. The enterprises may be large, small, and
medium sized that could be explored in Enterprise Key Management in the
forecast period.
Manufacturing, banking,
financial services, and insurance (BFSI), energy and utilities, healthcare,
aerospace and defense, government, retail, and information technology (IT) and
telecom are the verticals that could be explored in Enterprise Key Management
in the forecast period. The market may be categorized based on applications
like cloud encryption, disk encryption, communication encryption, file/folder
encryption, database encryption, and others that could be explored in the
forecast period.
Globally, North America
accounted for the substantial market share of Enterprise Key Management and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be rising data security challenges, raised
penetration of digital services across key verticals, rising cyber-attacks, and
rising use of enhanced technology. The United States is a major consumer of
Enterprise Key Management in the region.
Instead, Europe and the
Asia Pacific are also estimated to have a positive influence on the future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at fastest pace with the highest
CAGR in the foremost period. The aspects that may be ascribed to the growth
comprise high demand for digital services, rising adoption of smart devices,
growing monitoring enforcement, and rising investment in IoT and cloud
technology.
The key players of
Enterprise Key Management Market are Venafi, Amazon Web Services, Inc., Thales
e-Security, Inc., Gemalto NV,Microsoft Azure, Inc., RSA Security LLC, Hewlett
Packard Enterprise, Oracle Corporation, and International Business Machines
(IBM) Corporation. These players are concentrating on inorganic growth to
sustain themselves amongst fierce competition. As companies all over the world have
to believe that alliance with a market would permit them proportional market
existence and authority to declare the leadership position.
No comments:
Post a Comment