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Enterprise Key Management Market by 2026| Dell Inc., Townsend Security, WinMagic, Sun Microsystems, Inc., Virtucript, LLC

Global Enterprise Key Management Market is expected to rise from its initial estimated value of USD 1.61 billion in 2018 to an estimated value of USD 7.4 billion by 2026, registering a CAGR of 21.00% in the forecast period of 2019-2026. This rise in market value can be increasing levels of adoption of maximized operational efficiency and security.

The Global Enterprise Key Management Market research study relies upon a combination of primary as well as secondary research. It shed light on the key factors concerned with generation and Enterprise Key Management Market growth. Additionally, the historical information and growth in CAGR have been given in the research report.  The latest trends, product portfolio, demographics, geographical segmentation and regulatory framework of the Enterprise Key Management Market have also been included in the study. This Enterprise Key Management Market report assists in realigning the business strategies by highlighting the key business priorities.

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Few of the major competitors currently working in the enterprise key management market are Amazon Web Services, Inc. (US), Gemalto NV (Netherland), Hewlett Packard Enterprise Development LP (US), International Business Machines (IBM) Corporation (US), Oracle (US), RSA Security LLC (US), Thales eSecurity (France), Venafi (US), Broadcom.(US), Dyadic Security Ltd. (Israel),  Google Inc (US), Quantum Corporation (US), Dell Inc.. (US), Townsend Security (US), WinMagic (US), Sun Microsystems, Inc. (U.S), Virtucript, LLC (U.S) and others.

Enterprise key management refers to professional key management system which provides encryption keys to different operating system in order to avoid unauthorized access. It is basically designed to address problems using cryptographic keys for data. It is widely applicable in IT and telecom, retail, aerospace and defence, energy and utilities, manufacturing, and others. Decreased overall ownership cost for security act as the major driver in the growth of enterprise key management market. On the other hand lack of awareness may hamper the market.

Market Drivers:

  • There is decrease in overall ownership cost for security that is expected to drive the market growth.
  • There is high demand for operational efficiency and security which is expected to drive the market growth.
  • There is high demand for enterprise key management due loss of high profile data and compliance issues is also going to drive the market growth.

Market Restraints:

  • There is lack of awareness and skilled workforce in enterprise key management. This is also expected to act as a restraint to the market growth.

Segmentation:

By Component

  • Solutions
  • Services
    • Professional Services
      • Consulting
      • System Integration
      • Deployment and Support
    • Managed Services

By Deployment Type

  • Cloud
  • On-Premises

By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

By Application

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

By End-User

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Government
  • IT and Telecom
  • Retail
  • Aerospace and Defense
  • Energy and Utilities
  • Manufacturing
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Competitive Analysis

Global enterprise key management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of enterprise key management market for Global, Europe, North America, Asia-Pacific and South America and Middle East and Africa.

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