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Enterprise Key Management Market Report by Component (Solutions, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Disk Encryption, File and Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), End Use Industry (BFSI, Healthcare, Retail, IT and Telecom, Government and Defense, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5362
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Market Overview:
The global enterprise key management market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.9% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
|
2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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|
Market Size in 2023
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US$ 2.1 Billion |
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Market Forecast in 2032
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US$ 7.0 Billion |
| Market Growth Rate 2024-2032 | 13.9% |
Enterprise key management assists in the management of all the cryptographic keys used by an enterprise, including the creation, access, maintenance, decryption, and destruction of these keys. It can help protect the trade secrets and other sensitive information of an organization. It has automation and scalability capabilities, which aid in reducing the number of skilled human resources required to manage keys. As a result, enterprise key management finds extensive applications in businesses across various industry verticals, such as healthcare, retail, and banking, financial services and insurance (BFSI).
Enterprise Key Management Market Trends:
There is currently a significant rise in the number of data breaches in businesses across the globe. In line with this, governments of numerous countries are developing national cybersecurity defense strategies to combat risks encountered by their citizens, businesses, and critical infrastructure. This represents one of the key factors stimulating the growth of the market. Moreover, organizations face several challenges while controlling and managing their encryption keys. For instance, they need to secure the keys from malicious insiders and attackers, manage a considerable number of encryption keys used in infrastructure, and support multiple heterogeneous environments consisting of applications, databases, and standards. Consequently, organizations are increasingly adopting enterprise key management solutions, which help improve the overall efficiency of their security procedures. Besides this, the cost of deploying enterprise key management solutions is less than the cost of a data breach. This, in turn, is catalyzing the demand for enterprise key management solutions worldwide. Other factors, including the thriving information technology (IT) sector and the rapid expansion of small and medium-sized enterprises (SMEs), are projected to drive the market in the forecast period.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise key management market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Component, Deployment Mode, Enterprise Size, Application, End Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global enterprise key management market was valued at US$ 2.1 Billion in 2023.
We expect the global enterprise key management market to exhibit a CAGR of 13.9% during 2024-2032.
The rising prevalence of data breaches, along with the growing adoption of enterprise key management solutions by numerous organizations to improve the overall efficiency of their security procedures, is primarily driving the global enterprise key management market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of remote working model resulting in the wide utilization of enterprise key management solutions to protect the confidential data and other sensitive information.
Based on the component, the global enterprise key management market can be segmented into solutions and services. Currently, solutions hold the majority of the total market share.
Based on the deployment mode, the global enterprise key management market has been divided into on-premises and cloud-based, where on-premises deployment currently exhibits a clear dominance in the market.
Based on the enterprise size, the global enterprise key management market can be categorized into small and medium-sized enterprises and large enterprises. Currently, large enterprises account for the majority of the global market share.
Based on the application, the global enterprise key management market has been segregated into disk encryption, file and folder encryption, database encryption, communication encryption, and cloud encryption. Among these, disk encryption currently holds the largest market share.
Based on the end use industry, the global enterprise key management market can be bifurcated into BFSI, healthcare, retail, IT and telecom, government and defense, and others. Currently, the BFSI industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global enterprise key management market include 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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