Enterprise Key Management Market (Esha+Vijith Shuffle) (3)-converted
                      
Market Highlights 
Growing data breaches result in increasing demand for enterprise key management. The market 
growth is supported by a couple of influential factors, such as a growing number of data breaches 
and loss of private data, strict regulations, and acquiescence standards to safeguard sensitive data 
from malevolent users. These factors have resulted in the deployment of advanced enterprise 
security solutions across various end-use industries. The shift of organizations toward a digitized 
environment to offer digital services and the need to protect large volumes of complex data 
produced on a daily basis are deemed to drive the growth of the enterprise key management 
market in the foreseeable future. The complexity of enterprise key management could curb market 
growth over the assessment period. Enterprise key management is a highly complicated process; 
therefore, the time consuming and complicated nature of the system may surge the market growth 
in the coming years. On the other hand, with the adoption of cloud-based computing coupled with a 
surge in encryption of data, the need for the enterprise key management solution has expanded 
significantly over the forecast period. 
The global enterprise key management market is touted to touch a valuation of USD 2,565 million 
by 2022, as per MRFR. It is expected to reach this mark at 18.3% CAGR from 2017 and 2023 
(forecast period). The protection required by cryptographic keys for protecting the data of emails, 
backup data, databases, and big data repositories can be delivered by EKM. Rise of data breaches as 
exemplified by the recent hacking of Equifax can push the enterprise key management demand till 
2023. 
The shift towards digitization and impending need for protecting large data sets on servers is 
predicted to spur the market demand. Implementation of EKM across diverse industries as well as 
compliance of strict standards for the protection of sensitive data can bode well for the market.  
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Competitive Analysis 
The major market players in the global Enterprise Key Management Market are International 
Business Machines Corporation (US), Hewlett Packard Enterprise Company (US), Amazon Web 
Services, Inc. (the US), Gemalto NV (Netherland), Thales e-Security, Inc. (France), RSA Security LLC 
(US), Sun Microsystems, Inc. (the US), Virtucript, LLC (US), Oracle Corporation (US), and Venafi, Inc. 
(US), among others. 
Regional Analysis 
The geographical analysis of global Enterprise Key Management Market is conducted in regions 
such as North America, Asia Pacific, Europe, and the Rest of the World. Authenticating users before 
transacting business is the main factor that drives the market of Enterprise Key Management in 
North America. Companies like Amazon Web Services are offering the most flexible and secure 
cloud computing environments available that fuels a new generation of business productivity and 
collaboration for organizations. Europe region is indicating a higher growth in this market as many 
companies are using the encrypted data that restricts the risk related to the electronic transactions 
in the Enterprise Key Management. Asia-Pacific countries like Japan, China, and India are also 
expected to display a definite rise in the enterprise key management market over the review 
period. 
Segmentation: 
The global market for enterprise key management is segmented based on service types, 
deployment type, applications, organization size, end-users, and region. 
By services, the Enterprise Key Management market is segmented into managed, professional, and 
others. Managed Services aid in cutting down expenses, enhance operational efficiency, and also 
help the business focus on their core competencies. Therefore, on account of these benefits, the 
segment of managed services is rising at an exponential growth rate over the review period. 
By deployment, the market is segmented into on-premises, cloud, and others. On-cloud deployment 
solutions offer a high degree of security and a level of control, along with the ability to select 
resources. This type of solution is organization-specific. Hence, it is highly beneficial for the 
organization that prefers control throughout the process. 
Based on the applications, the market is segmented into communication encryption, file/folder 
encryption, cloud encryption, database encryption, disk encryption, and others. Growing 
investments in cloud-based encryption solutions along with the necessity to protect massive data 
volume will fuel the growth of cloud-based encryption segment over the review period. 
Based on the organization size, the market has been segmented into are small and medium-sized 
enterprises (SMEs), and large enterprises. With an increasing emphasis on the adoption of 
advanced IT technologies and demand for secure IT infrastructure, SMEs are estimated to adopt 
enterprise-critical management solutions at a rapid rate over the coming years. 
Based on end-user, the Enterprise Key Management market is segmented into healthcare, 
aerospace, education, transportation, automotive, tourism, government and defense, industries, 
telecommunications, and others. 
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management-market-3346 
Global Enterprise Key Management Market, By Services Types (Managed services and 
Professional Services), Deployment Type (Cloud, On-Premises), Organization Size (Small and 
Medium-Sized Enterprises and Large Enterprises), By Application, by End Users 
(Commercial, Consumer, Government, Healthcare), By Region - Forecast 2023 
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