Market Snapshot:
Key management as service is the process of management of cryptographic keys in cryptosystem. This service includes key generation, exchange, store and replacement. There are various applications of key management such as communication encryption database encryption, disk encryption, file/folder encryption and cloud encryption. Cryptosystem process is done by three algorithm such as key generation, encryption and decryption. Fueling demand of cloud in key management as Service will help to boost global key management service market.
Highlights from Key Management as a Service Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 28.4% |
The key Players profiled in the report are CipherCloud (United States), Gemalto (Netherlands), Google (United States), IBM (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Thales e-Security (France), Amazon Web Services, Inc. (United States), Hewlett Packard Enterprise Development LP (United States) and Box (United States). Additionally, other players that are part of this comprehensive study are Egnyte (United States), KeyNexus (Canada), Sepior (Denmark), Unbound Tech (United States), FORNETIX (United States), Vormetric, Inc. (United States) and RSA Security LLC. (United States).
Geographic Breakdown and Segment Analysis
The Global Key Management as a Service market presents a comprehensive analysis of the Key Management as a Service market by end-user/application (Communication Encryption (Voice Encryption, Instant Messaging Encryption, Email Encryption), Database Encryption (Database-Level Encryption, Application-Level Encryption), Disk Encryption, File/Folder Encryption and Cloud Encryption), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Key Management as a Service industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Key Management as a Service market, the Europe has emerged as a crucial market for several Key Management as a Service brands.
Analyst at AMA have segmented the market study of Global Key Management as a Service market by Type, Application and Region.
Influencing Trend:
Increasing Availability of Encryption Keys and Organizations’ Increasing Focus on Improving Operational Efficiency
Market Growth Drivers:
Fueling Demand of Cloud in Key Management as Service and Rising Dependency of Data Encryption by the Organizations
Challenges:
Lack of Skilled Professionals in Companies
Restraints:
Lack of Awareness about Key Management as a Service and Lack of budget for Adoption of Kmaas Solutions
Opportunities:
Rising Demand in BFSI Industries
Market Developments Activities:
On 27th March 2018, KeyNexus Inc. the leader in Universal Key Management (UKM) and P6R are patterned to deliver complete KMIP solution for businesses deploying KMIP-compliant cybersecurity solutions.
On 29th November 2018, Cryptsoft and Gemalto a global leader in digital security are patterned to offers the widely installed KMIP C Server SDK, to improve Gemalto's SafeNet KeySecure, the company's centralized encryption key management platform.
Key Management as a Service market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, and focusing on maintaining sustainable development. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target Audience
Key Management as Service Providers, Industry Associations and Experts, Research Organizations and Consulting Companies., Research Institutes, Government Regulatory Bodies, Government and Private Research Organization and Others