Enterprise Key Management Market Report by Component (Solutions, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Disk Encryption, File and Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), End Use Industry (BFSI, Healthcare, Retail, IT and Telecom, Government and Defense, and Others), and Region 2024-2032

Enterprise Key Management Market Report by Component (Solutions, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Disk Encryption, File and Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), End Use Industry (BFSI, Healthcare, Retail, IT and Telecom, Government and Defense, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5362
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Market Overview:

The global enterprise key management market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.9% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.1 Billion
Market Forecast in 2032
US$ 7.0 Billion
Market Growth Rate 2024-2032 13.9%


Enterprise key management assists in the management of all the cryptographic keys used by an enterprise, including the creation, access, maintenance, decryption, and destruction of these keys. It can help protect the trade secrets and other sensitive information of an organization. It has automation and scalability capabilities, which aid in reducing the number of skilled human resources required to manage keys. As a result, enterprise key management finds extensive applications in businesses across various industry verticals, such as healthcare, retail, and banking, financial services and insurance (BFSI).

Enterprise Key Management Market

Enterprise Key Management Market Trends:

There is currently a significant rise in the number of data breaches in businesses across the globe. In line with this, governments of numerous countries are developing national cybersecurity defense strategies to combat risks encountered by their citizens, businesses, and critical infrastructure. This represents one of the key factors stimulating the growth of the market. Moreover, organizations face several challenges while controlling and managing their encryption keys. For instance, they need to secure the keys from malicious insiders and attackers, manage a considerable number of encryption keys used in infrastructure, and support multiple heterogeneous environments consisting of applications, databases, and standards. Consequently, organizations are increasingly adopting enterprise key management solutions, which help improve the overall efficiency of their security procedures. Besides this, the cost of deploying enterprise key management solutions is less than the cost of a data breach. This, in turn, is catalyzing the demand for enterprise key management solutions worldwide. Other factors, including the thriving information technology (IT) sector and the rapid expansion of small and medium-sized enterprises (SMEs), are projected to drive the market in the forecast period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global enterprise key management market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment mode, enterprise size, application and end use industry.

Breakup by Component:

Enterprise Key Management Market By Component

  • Solutions
  • Services
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises
     

Breakup by Application:

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

Breakup by End Use Industry:

  • BFSI
  • Healthcare
  • Retail
  • IT and Telecom
  • Government and Defense
  • Others
     

Breakup by Region:

Enterprise Key Management Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Box Inc., Broadcom Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Thales Group, Townsend Security, Unbound Security and WinMagic Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Deployment Mode, Enterprise Size, Application, End Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon Web Services Inc. (Amazon.com Inc.), Box Inc., Broadcom Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Thales Group, Townsend Security, Unbound Security and WinMagic Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global enterprise key management market was valued at US$ 2.1 Billion in 2023.

We expect the global enterprise key management market to exhibit a CAGR of 13.9% during 2024-2032.

The rising prevalence of data breaches, along with the growing adoption of enterprise key management solutions by numerous organizations to improve the overall efficiency of their security procedures, is primarily driving the global enterprise key management market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of remote working model resulting in the wide utilization of enterprise key management solutions to protect the confidential data and other sensitive information.

Based on the component, the global enterprise key management market can be segmented into solutions and services. Currently, solutions hold the majority of the total market share.

Based on the deployment mode, the global enterprise key management market has been divided into on-premises and cloud-based, where on-premises deployment currently exhibits a clear dominance in the market.

Based on the enterprise size, the global enterprise key management market can be categorized into small and medium-sized enterprises and large enterprises. Currently, large enterprises account for the majority of the global market share.

Based on the application, the global enterprise key management market has been segregated into disk encryption, file and folder encryption, database encryption, communication encryption, and cloud encryption. Among these, disk encryption currently holds the largest market share.

Based on the end use industry, the global enterprise key management market can be bifurcated into BFSI, healthcare, retail, IT and telecom, government and defense, and others. Currently, the BFSI industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global enterprise key management market include Amazon Web Services Inc. (Amazon.com Inc.), Box Inc., Broadcom Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Thales Group, Townsend Security, Unbound Security, and WinMagic Inc.

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Enterprise Key Management Market Report by Component (Solutions, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Disk Encryption, File and Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), End Use Industry (BFSI, Healthcare, Retail, IT and Telecom, Government and Defense, and Others), and Region 2024-2032
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