The
global enterprise key management market is expected to
reach USD 3.61 billion by 2025, according to a new study by Grand View
Research, Inc. Increasing number of data breaches and loss of confidential
data, coupled with increasingly stringent regulations and compliance standards
to safeguard sensitive data from malicious users, have led to the
implementation of advanced enterprise security solutions across different
industries. The shift of organizations toward a digital environment for
offering digital services and the need to protect increasing volumes of
sensitive data are expected to drive the enterprise key management
market.
Enterprise
key management is an essential component of data encryption solutions and
involves managing and dealing with generation, exchange, storage, use,
destruction, and replacement of cryptographic keys that encrypt different data
sources such as emails, databases, disk drives, big data repositories, backup
tapes, and data over cloud environments. The key management solutions protect
cryptographic keys throughout their lifecycle and restrain unauthorized users
from accessing the keys or data.
Global EKM market, by vertical, 2017 (%) |
Organizations
are increasingly deploying encryption solutions to protect confidential data,
thus, enabling the growth of the enterprise key management market. However,
issues related to lack of skilled key management workforce and standardized key
management systems are expected to challenge the industry. Furthermore, the
high cost and complex deployment of key management solutions are expected to
hinder the market growth.
Full
Research Report On Global Enterprise Key Management Market Analysis:
http://www.grandviewresearch.com/industry-analysis/enterprise-key-management-market
http://www.grandviewresearch.com/industry-analysis/enterprise-key-management-market
Further
key findings from the report suggest:
- North America is expected
to be the largest market during the forecast period, owing to
technological proliferation and accelerated adoption of digital services
- Asia Pacific emerged as
the fastest-growing market with a CAGR of 22.0% over the forecast period.
- Disk encryption segment
accounted for 37.07% of the overall market share in 2016, however cloud
encryption segment will have the highest growth rate
- The BFSI segment accounted
for 31.9% in 2016. Increased online and mobile transactions, along with
data security regulatory mandates will drive the market growth
- Increasing investments in
cloud-based encryption solutions and the need to protect increasing data
volume will drive the growth of the enterprise key management market
- The key participants
include EMC Corporation, Gemalto N.V., Hewlett-Packard Enterprise, IBM,
Thales e-security, Microsoft Azure, Inc., and CA Technologies
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the enterprise key management market on
the basis of applications, deployment, enterprise size, verticals, and regions:
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Disk
Encryption
- File/Folder
Encryption
- Database
Encryption
- Communication
Encryption
- Cloud
encryption
Deployment
Outlook (Revenue, USD Million; 2014 - 2025)
- On
Premise
- Cloud
Enterprise
Size Outlook (Revenue, USD Million; 2014 - 2025)
- Small
and Medium Enterprise (SME)
- Large
Enterprises
Vertical
Outlook (Revenue, USD Million; 2014 - 2025)
- BFSI
- Government
& Defense
- Healthcare
- IT
& Telecom
- Retail
- Utilities
- Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa (MEA)
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-enterprise-key-management-market
http://www.grandviewresearch.com/press-release/global-enterprise-key-management-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
No comments:
Post a Comment