Key Management as a Service market (2021 - 2031)
Key Management as a Service market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031
Core Findings
Key Management as a Service Expected to be Valued US$ 1.5 Bn by 2021
Rising cyber-attacks, focus on digital transformation, and the adoption of cloud technologies are expected to propel the growth of the Key Management as a Service. The Key Management as a Service market is estimated to grow US$ 1.5 Bn by 2021, with a CAGR of 25% during the forecast period 2021 to 2031. This solution provides a complete lifecycle management of cryptographic keys within the enterprises, to protect them from internal as well as external cyber-attacks
What is Driving Demand for Key Management as a Service?
Growth in development of cloud-based key management solutions across various enterprises to offers wide range of benefits including convenient key management, scalability, flexibility, and reduced cost of IT infrastructure.
Significant growth in the key management as a service offering is expected to lead to greater opportunities owing to the substantial increase in cyber threats to mission-critical data and regulatory compliance requirements.
Key Management as a Service can be utilized for managing encryption keys for cloud services, that can be used for the development of cryptographic functions. The SMEs are focused on the adoption of Key Management as a Service solution for increasing their operational efficiency, and mandates to meet stringent regulations.
Key Management as a Service offers a wide range of applications such as disk encryption, database encryption, file/folder encryption, communication encryption, and cloud encryption, among others. The reliability of such applications drives the demand for Key Management as a Service, over the coming years.
US and Canada Key Management as a Service Market Outlook
The US is one of the largest markets for Key Management as a Service. This is attributed to the high increase in demand of Key Management as a Service for various end-users such as banking, financial services, and insurance (BFSI), government and public utilities, telecom & IT among others.
Furthermore, the growing trend of integrated key management software, management of cryptographic keys for a cryptosystem is accelerating the demand for Key Management as a Service across North America.
The U.S. is the dominant country accounting for around 20%-25% of the global market share in 2021. Moreover, growing emphasis on regulating the U.S. government regarding enhances the security of data within all cloud services is also estimated to drive the Key Management as a Service solution in the U.S.
Europe Demand Outlook for Key Management as a Service
Rapid developments in new technologies/services including cloud services such as Database as a Service (DBaaS) provide simple, secure, reliable, and standard-compliant capabilities to protect and encrypt data.
Hence, through the flexibility offered by such technologies, vendors offering Key Management as a Service can take the advantage of the growing opportunities in Europe.
Some of the key players such as Thales e-Security, Sophos Ltd., and others are focused on securing and offering advanced solutions that have the potential to enhancing customer experience through speed and convenience in European countries.
Growing demand for advanced encryption standards (AES), and wide adoption of data encryption by the organizations are expected to have the highest impact on the Europe, over the forecast period.
Who are the Key Providers of Key Management as a Service?
Some of the leading providers Key Management as a Service include CipherCloud, Thales (Gemalto), Google, IBM Corporation, Egnyte, KeyNexus Inc., Intel Corporation, Sepior ApS, Unbound Tech, and others.
Key players in the market are focusing on acquisitions to complement their product portfolio to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve direct customer relations
Key Management as a Service Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
-
By Component :
- Key Management as a Service Solution
- Services
- Professional services
- Support and maintenance
- Consulting
- Training and education
- Managed services
- Professional services
-
By Enterprises Size :
- Small and Medium Enterprises (SMEs)
- Large enterprises
-
By Industry :
- Banking, Financial Services, and Insurance (BFSI)
- Aerospace & Defense
- Healthcare
- IT and Telecommunications
- Retail
- Government
- Others
-
By Region :
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Component
- 7.1. Solution
- 7.2. Services
- 7.3. Managed Services
- 8. Global Market Analysis and Forecast, By Enterprises Size
- 8.1. Small and Medium Enterprises (SMEs)
- 8.2. Large Enterprises
- 9. Global Market Analysis and Forecast, By Industry
- 9.1. Banking, Financial Services, and Insurance (BFSI)
- 9.2. Aerospace & Defense
- 9.3. Healthcare
- 9.4. IT and Telecommunications
- 9.5. Retail
- 9.6. Government
- 9.7. Others
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. Asia Pacific
- 10.6. East Asia
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Component, Enterprises Size, and Industry for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. CipherCloud
- 20.2. Thales (Gemalto)
- 20.3. Google
- 20.4. IBM Corporation
- 20.5. Egnyte
- 20.6. KeyNexus Inc.
- 20.7. Intel Corporation
- 20.8. Sepior ApS
- 20.9. Unbound Tech
List Of Table
Table 01: Global market US$ Bn Forecast by Region
Table 02: Global market US$ Bn Forecast by Component
Table 03: Global market US$ Bn Forecast by Enterprises Size
Table 04: Global market US$ Bn Forecast by Industry
Table 05: North America market US$ Bn Forecast by Country
Table 06: North America market US$ Bn Forecast by Component
Table 07: North America market US$ Bn Forecast by Enterprises Size
Table 08: North America market US$ Bn Forecast by Industry
Table 09: Latin America market US$ Bn Forecast by Country
Table 10: Latin America market US$ Bn Forecast by Component
Table 11: Latin America market US$ Bn Forecast by Enterprises Size
Table 12: Latin America market US$ Bn Forecast by Industry
Table 13: Western Europe market US$ Bn Forecast by Country
Table 14: Western Europe market US$ Bn Forecast by Component
Table 15: Western Europe market US$ Bn Forecast by Enterprises Size
Table 16: Western Europe market US$ Bn Forecast by Industry
Table 17: Eastern Europe market US$ Bn Forecast by Country
Table 18: Eastern Europe market US$ Bn Forecast by Component
Table 19: Eastern Europe market US$ Bn Forecast by Enterprises Size
Table 20: Eastern Europe market US$ Bn Forecast by Industry
Table 21: Asia Pacific market US$ Bn Forecast by Country
Table 22: Asia Pacific market US$ Bn Forecast by Component
Table 23: Asia Pacific market US$ Bn Forecast by Enterprises Size
Table 24: Asia Pacific market US$ Bn Forecast by Industry
Table 25: East Asia market US$ Bn Forecast by Country
Table 26: East Asia market US$ Bn Forecast by Component
Table 27: East Asia market US$ Bn Forecast by Enterprises Size
Table 28: East Asia market US$ Bn Forecast by Industry
Table 29: MEA market US$ Bn Forecast by Country
Table 30: MEA market US$ Bn Forecast by Component
Table 31: MEA market US$ Bn Forecast by Enterprises Size
Table 32: MEA market US$ Bn Forecast by Industry
List Of Figures
Figure 01: Global market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 02: Global market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 03: Global market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 04: Global market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 05: North America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 06: North America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 07: North America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 08: North America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 09: Latin America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 10: Latin America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 11: Latin America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 12: Latin America market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Western Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 14: Western Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 15: Western Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 16: Western Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 17: Eastern Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 18: Eastern Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 19: Eastern Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 20: Eastern Europe market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: Asia Pacific market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 22: Asia Pacific market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 23: Asia Pacific market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 24: Asia Pacific market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 25: East Asia market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 26: East Asia market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 27: East Asia market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 28: East Asia market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 29: MEA market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Component
Figure 30: MEA market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Enterprises Size
Figure 31: MEA market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Industry
Figure 32: MEA market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
- Frequently Asked Questions -
How Much Growth Potential the Key Management as a Service Market Holds?
Key management as a service market is estimated to grow at a CAGR of 28% during the forecast period.
Why is Key Management as a Service Market Witnessing High Performance?
Growing emphasis on operational efficiency among businesses, as well as a shift by many to cloud-based services.
Where will Manufacturers find Most Opportunities in the Key Management as a Service Industry?
The U.S. is likely to be a region with lucrative opportunities for the key management as a service market players.
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Key Management as a Service market