The Encryption key management is administering the full lifecycle of cryptographic keys. The lifecycle includes generating, using, storing, archiving, and deleting of keys. Managed services segment is expected to grow at a higher CAGR as the increasing need of managing high-profile data and segregating it according to the rules and policy of the industries is very much essential in a secure way, which therefore have enhanced the demand for enterprise security. According to the report, 43% of cyber security breaches were caused by internal activities or an organization.
The global The Enterprise Key Management Market is expected to grow at USD 2,565 Million by 2023, at 18.3% of CAGR between 2017 and 2023.
The managed service provides the maintaining the secure data encryption keys. And the services segment is expected to witness significant growth during the forecast period as the vendors offering Enterprise Key Management Market solutions that focuses on improving data security, meeting regulations and compliances and reducing data security management costs. The study reveals that with the increasing deployment of cloud-based computing, the managed service helps the clients to manage encryption keys that are required to encrypt on-premises as well as cloud data.
Major Key Players:
- Texas Instruments Inc. (U.S)
- STMicroelectronics N.V. (Switzerland)
- NXP .Semiconductors N.V (Netherland)
- Invensense, Inc. (U.S)
- Rohm Co. Ltd. (Japan)
- Intel Corporation (U.S)
- Infineon Technologies AG (Germany)
- Memsic, Inc. (US)
- Microchip Technology Inc. (US)
- Robert Bosch GmbH (Germany)
- Analog Devices, Inc.(U.S)
- Broadcom .Limited (U.S)
- Qualcomm Technologies (U.S)
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The regional analysis of Enterprise Key Management Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. Authenticating users prior to transacting business is main factor that drives the market of Enterprise Key Management in North America. The companies like Amazon Web Services is providing the most flexible and secure cloud computing environments available that drives a new generation of business productivity and collaboration for organizations.
Europe region is indicating a high growth in this market as many companies are using the encrypted data that limits the risk associated with the electronic transactions in the Enterprise Key Management. Asia-Pacific countries like China, Japan and India is also showing positive indication in the Enterprise Key Management Market. In developing countries such as China is using the method of replacing the handwritten signatures with the electronic equivalent.
Enterprise Key Management Market Segmentation:
The Enterprise Key Management Market has been segmented on the basis of Services types, deployment type, applications, Organization Size, end users and region. It has been observed that private companies or Telecommunications sector holds the largest market share due to the cost of protecting valuable enterprise data is increasing continuously. While the government and defense is showing a huge growth in Enterprise Key Management market.
Market Research Analysis:
On geographic basis, Enterprise Key Management market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. In North America region, the increasing data security challenges moving along with strict compliance regulations is driving the adoption of enterprise key management solutions . North America has highest market share and holds the largest market share.
Whereas, Europe region is also showing a positive curve in growth of the Enterprise Key Management market. Asia Pacific is also expected to offer potential growth opportunities in the Enterprise Key Management Market with a highest CAGR as countries in the APAC region are investing in deployment that is secured, easy to use, and comprehensive data management solutions.
- System Security
- Key management vendors
- Encryption software Vendors
- Enterprise Key Management instrument
- Research organizations
- Analysts and strategic business planners
- Technology investors
- Security software Vendors
- System integrators
- Research/Consultancy firms
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Table of Contents
1 Market introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Enterprise Key Management Market: By Services Type
1.3.2 Global Enterprise Key Management Market: By Deploymenttype
1.3.3 Global Enterprise Key Management Market: By Application
1.3.4 Global Enterprise Key Management Market: By Organization Size
1.3.5 Global Enterprise Key Management Market: By End User
1.3.6 Global Enterprise Key Management Market: By Region
List of Tables
Table 1 Enterprise Key Management Market, By Services Type
Table 2 Enterprise Key Management Market, By Deploymenttype
List of Figures
Figure 1 Research Methodology
Figure 2 Enterprise Key Management Market: By Services Type (%)
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