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Enterprise Key Management Market Size, Share & Growth [2031]
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Enterprise Key Management Market Size, Share & Growth [2031]

Segments - Enterprise Key Management Market by Enterprise Sizes (Large Enterprise and Small & Medium Enterprise), Applications (Communication Encryption, Disk Encryption, Cloud Encryption, File/Folder Encryption, and Database Encryption), Verticals (Government & Defence, BFSI, Utilities, Healthcare, Retail, IT & Telecom, and Others), Deployments (Cloud and On-premise), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, Forecasts, 2023 - 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3517 | 4.2 Rating | 65 Reviews | 232 Pages | Format : PDF Excel PPT

Report Description


Enterprise Key Management Market Outlook 2031:

The global enterprise key management market size was valued at USD 1.95 Billion in 2022 and is projected to reach USD 10.21 Billion by 2031, expanding at a CAGR of 20.2% during the forecast period 2023 - 2031. The growth of the market is attributed to growing need for securing confidential information.

Enterprise key management is a common terminology getting used these days to refer smart key management systems that offer encryption keys across a range of operational systems and databases.

Enterprise Key Management Market Outlook


The COVID-19 pandemic has forced several governments around the world to impose emergency lockdown and close down offices, schools, and colleges. As a result, most companies are operating remotely, and data security and sharing, have been the outmost concern for companies. As such, it has resulted in increasing adoption of enterprise key management solutions.

Enterprise Key Management Market Drivers, Restraints and Opportunities

  • Global demand for cloud based services, and hardware security modules, is a major factor driving the market.
  • Increasing usage of online services as means to share information, is another factor which is expected to drive market growth over the forecasted timeline.
  • Lack of skilled workforce, act as a major restraint for market growth.
  • High cost of such systems and subsequent deployment cost of encryption systems can hamper the market.
  • Increasing demand for securing confidential information, is expected to create lucrative opportunities during the forecast period.

Scope of Enterprise Key Management Market Report

The report on the global enterprise key management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Enterprise Key Management Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Enterprise sizes (Large enterprise and Small & Medium Enterprise), Applications (Communication Encryption, Disk Encryption, Cloud Encryption, File/Folder Encryption, and Database Encryption), Verticals (Government & Defence, BFSI, Utilities, Healthcare, Retail, IT & Telecom, and Others), and Deployments (Cloud and On Premise)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Hewlett-Packard Enterprise; EMC Corporation; Google, Inc.; Gemalto N.V.; International Business Machines (IBM); Thales e-security; Townsend security; CA Technologies; and Microsoft Azure, Inc.

Enterprise Key Management Market Segment Insights

The large enterprises segment is projected to hold major market share

Based on enterprise sizes, the market is divided into large and small & medium scale enterprises. The large enterprises segment is anticipated to hold a major share of the market. Large enterprises have the capital, to take a position in numerous security solutions, compared to alternative SME organizations.

Information security and privacy, is the main concern across all enterprises, as they move towards digital footprint. Small and medium businesses are heavily dependent on cloud infrastructure solutions, for comparatively easier market entry as they provide low capital investments.

Enterprise Key Management Market Enterprise Sizes

The Disk encryption segment to hold major market share

On the basis of applications, the market is fragmented into communication encryption, disk encryption, cloud encryption, file/folder encryption, and database encryption. The disk encryption segment, accounted for nearly 39.07% of the market in 2020. It is majorly deployed over hardware security modules, across all business verticals to make sure information security, by encrypting information at the source drive.

Cloud-based encryption solutions, and subsequent communication encryption solutions, are expected to drive the market. Organizations are adopting cloud-based storage solutions, to store business information, as they provide numerous cost advantages and operational efficiencies for organizations.

Enterprise Key Management Market Applications

The BFSI segment is estimated to grow at a robust rate

In terms of verticals, the market is segmented into government & defence, BFSI, utilities, healthcare, retail, IT & telecom, and others. The BFSI segment is estimated to grow at a robust rate, during the forecast period.

The BFSI vertical accounted for 34.9% of the enterprise key management market in 2020, acquiring a majority share of the revenue. Increasing and expanding of on-line transactions, augmented digitalization of financial, and e-commerce, are some of the major driving factors.

The on-premise segment to hold major market share

Based on deployments, the market is divided into cloud and on-premise. The on-premise segment is projected to hold major market share. On-premise solutions, such as active directories, access management policies, authentication, and encoding key management, are being wide employed across major verticals, as a measure of their security strategy, to mitigate information loss, and privacy issues.

North America is anticipated to dominate market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market. Technological proliferation increased penetration of digital services across all major verticals, and therefore, the augmented cyber-attacks have resulted, in the speedy adoption of encryption solutions in North America.

Enterprise Key Management Market Regions

Segments

The global enterprise key management market has been segmented on the basis of

Enterprise sizes

  • Large enterprise
  • Small & Medium enterprise

Applications

  • Communication Encryption
  • Disk Encryption
  • Cloud Encryption
  • File/Folder Encryption
  • Database Encryption

Verticals

  • Government & Defence
  • BFSI
  • Utilities
  • Healthcare
  • Retail
  • IT & Telecom
  • Others

Deployments

  • Cloud
  • On-premise

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Hewlett-Packard Enterprise
  • EMC Corporation
  • Google, Inc.
  • Gemalto N.V.
  • International Business Machines (IBM)
  • Thales e-security
  • Townsend security
  • CA Technologies
  • Microsoft Azure, Inc.

Competitive Landscape

Key players competing in the enterprise key management market include Hewlett-Packard Enterprise; EMC Corporation; Google, Inc.; Gemalto N.V.; International Business Machines (IBM); Thales e-security; Townsend security; CA Technologies; and Microsoft Azure, Inc.. Most players are actively working on collaborations, strategic alliances and developing new solutions, for the vision positioning systems industry.

Enterprise Key Management Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Key Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Enterprise Key Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Enterprise Key Management Market - Supply Chain
  4.5. Global Enterprise Key Management Market Forecast
     4.5.1. Enterprise Key Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Enterprise Key Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Enterprise Key Management Market Absolute $ Opportunity
5. Global Enterprise Key Management Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Enterprise Key Management Market Size and Volume Forecast by Applications
     5.3.1. Communication Encryption Disk Encryption Cloud Encryption File/Folder Encryption Database Encryption
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Enterprise Key Management Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Enterprise Key Management Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Enterprise Key Management Demand Share Forecast, 2019-2026
7. North America Enterprise Key Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Enterprise Key Management Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Enterprise Key Management Market Size and Volume Forecast by Applications
     7.4.1. Communication Encryption Disk Encryption Cloud Encryption File/Folder Encryption Database Encryption
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Enterprise Key Management Demand Share Forecast, 2019-2026
8. Latin America Enterprise Key Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Enterprise Key Management Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Enterprise Key Management Market Size and Volume Forecast by Applications
     8.4.1. Communication Encryption Disk Encryption Cloud Encryption File/Folder Encryption Database Encryption
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Enterprise Key Management Demand Share Forecast, 2019-2026
9. Europe Enterprise Key Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Enterprise Key Management Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Enterprise Key Management Market Size and Volume Forecast by Applications
     9.4.1. Communication Encryption Disk Encryption Cloud Encryption File/Folder Encryption Database Encryption
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Enterprise Key Management Demand Share Forecast, 2019-2026
10. Asia Pacific Enterprise Key Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Enterprise Key Management Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Enterprise Key Management Market Size and Volume Forecast by Applications
     10.4.1. Communication Encryption Disk Encryption Cloud Encryption File/Folder Encryption Database Encryption
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Enterprise Key Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Enterprise Key Management Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Enterprise Key Management Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Enterprise Key Management Market Size and Volume Forecast by Applications
     11.4.1. Communication Encryption Disk Encryption Cloud Encryption File/Folder Encryption Database Encryption
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Enterprise Key Management Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Enterprise Key Management Market: Market Share Analysis
  12.2. Enterprise Key Management Distributors and Customers
  12.3. Enterprise Key Management Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Hewlett-Packard Enterprise EMC Corporation Google, Inc. Gemalto N.V. International Business Machines (IBM)  

Methodology

Our Clients

Dassault Aviation
Nestle SA
The John Holland Group
General Mills
FedEx Logistics
Deloitte
Siemens Healthcare
Honda Motor Co. Ltd.