Enterprise Key Management Global Market to Reach $6.3 Billion by 2030: Connected Enterprises Remain the Cornerstone for Growth in the Market
Global Market for Enterprise Key Management
Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Enterprise Key Management: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Enterprise Key Management estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 16.6% over the analysis period 2022-2030.
Solutions, one of the segments analyzed in the report, is projected to record 16% CAGR and reach US$4.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 17.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $775.7 Million, While China is Forecast to Grow at 19.5% CAGR
The Enterprise Key Management market in the U.S. is estimated at US$775.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$543.1 Million by the year 2030 trailing a CAGR of 19.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.3% and 15.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.7% CAGR.
Select Competitors (Total 46 Featured) -
Amazon Web Services, Inc.
Google LLC
Hewlett Packard Enterprise Company
IBM Corporation
Microsoft Corporation
Oracle Corporation
Quantum Corporation
Thales Group
Townsend Security
Unbound Tech Ltd.
WinMagic Inc.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 460 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $1.8 Billion |
Forecasted Market Value (USD) by 2030 | $6.3 Billion |
Compound Annual Growth Rate | 17.0% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Enterprise Key Management - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of COVID-19 Pandemic and the Global Recession
2020: The Year of Astounding Disruption & Unbelievable Transformation
COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020, 2021 and 2022
How the IT Industry Has Been Impacted by the Pandemic & What's the New Normal?
Heightened Threat of Breaches During Pandemic Supports Enterprise Key Management Market
Threat to Security and Privacy: Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
As Enterprises Embrace Remote Work Model, EKM Becomes Vital for Data Security
WFM (Work from Home) Employees as a % of the Total Workforce in Select Countries for the Years 2019 and 2020
An Introduction to Enterprise Key Management
Global Market Prospects & Outlook
Competition
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Digital Transformation of Businesses and Need to Ensure Security of Sensitive Data to Spur Market Demand
Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
Global Cumulative Value of Digitalization by Industry (In US$ Billion) for the Period 2016 to 2025
COVID-19 Paves the Way for Digitization of Businesses
Expanding Internet Usage and Growing Adoption of Digital Services Intensifies Need for Effective Data Protection Strategies
Number of Internet Users (in Million) and Percentage Penetration Rate (%) by Region (As of June 2020)
Number of Internet Users Worldwide (in Billions) for the Years 2011-2019
Internet Penetration Rate (%) in Select Countries for 2020E
Connected Enterprises Remain the Cornerstone for Growth in the Market
Global Connected Enterprise Market (In US$ Billion) for the Years 2020, 2022 and 2024
Phenomenal Growth of IoT Drives Need for Effective EKM Tools
Global M2M/IoT Connections (In Billion) for Years 2019, 2021 and 2023
Biggest Data Volume Generators in the IoT Ecosystem: % Share of IoT Connections by Vertical for the Year 2020
High Risk of Data Breaches Amidst Rising Cloud Deployments to Bolster EKM Market
With Enterprises Moving to the Cloud Amid the Pandemic, Cloud Encryption Becomes Important: Global Public Cloud Services Market (In US$ Billion) for the Years 2019, 2020 & 2021
Data Encryption: Simplifying Enterprise Key Management in Cloud Environments
Bring Your Own Encryption Catalyzes the Use of Encryption in Cloud Applications
Security of Data on Cloud: Responsibility of Enterprises Themselves
Encryption as a Service (EaaS) Grows in Prominence
Multi-Cloud Environments Complicate Deployment of Encryption Keys
Rapid Growth in Hybrid Cloud and Data Center Infrastructure Drives Importance of EKM
Global Hybrid Cloud Market Size (in US$ Billion) for 2020, 2023 and 2026
Growing Threat of Cyberattacks and Data Breaches Spurs Adoption of Encryption Tools among Enterprises
Global Cybersecurity Market Growth Outlook (In %) For Years 2019 Through 2025
BYOD & CYOD Trends Enhance the Risk of Data Leakage, Fueling Need for Enterprise Key Management
Key Factors Encouraging BYOD/COPE/COBO Trend among Enterprises Ranked by Importance Attached by Enterprises
Global BYOD & Enterprise Mobility Market: Annual Sales in US$ Million by Region/Country for Years 2020 and 2027
Global Workforce Population (2009, 2017, & 2024): Percentage Share Breakdown of Employees by Nature of Work
As Blockchain Disrupts Industry Activities, EKM Tools Emerge to Ensure Data Security
Encryption Key Management-as-a-Service for Blockchain Applications
Accomplishing Protection of Sensitive Information on Blockchain
Selecting the Best Data Encryption Product on Blockchain
Shift Towards Industry 4.0 and Potential Risk of Data Breaches Pushes Demand for EKM Solutions
Global Industry 4.0 Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
Enterprise Key Management Emerges as a Critical Requirement in BFSI Sector
Everything-As-A-Service Presents Growth Opportunities
Modern Day Communications Bring Forth the Need for Effective Encryption
Shift Away from Decentralized to Centralized Key Management Systems
Homomorphic Encryption: Protecting Privacy During COVID-19 Using New Encryption Technique Encryption
Dynamic Key Server Facilitates Greater Automation
Strict Regulatory and Compliance Enforcements for Protection of Sensitive Data to Spur Growth
Leading Causes of Distrust in Technology Industry (in %)
A Review of Key Data Protection Regulations Penalizing Data Leakages
Limitations of Regulations Related to Encryption Key Management
Major Challenges Facing EKM Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/y529cp
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