Enterprise Key Management Global Market to Reach $6.3 Billion by 2030: Connected Enterprises Remain the Cornerstone for Growth in the Market

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Global Market for Enterprise Key Management

Global Market for Enterprise Key Management
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


No. of Pages


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


Regions Covered


Key Topics Covered:




  • 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



  • 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




For more information about this report visit https://www.researchandmarkets.com/r/y529cp

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