Global Enterprise Key Management Market to Reach USD 7.7 Billion by 2033, Impelled by Increasing Number of Data Breaches

December 31, 2024 | Technology & Media

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The latest report by IMARC Group, titled "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 2025-2033," finds that the global enterprise key management market size reached USD 2.4 Billion in 2024. Enterprise key management is used to manage the creation, access, maintenance, decryption, and destruction of cryptographic keys used by an enterprise. It safeguards the trade secrets and other sensitive information of an organization. It also possesses automation and scalability capabilities, which assists in reducing the number of skilled human resources required to manage keys. As a result, enterprise key management practices are widely adopted in healthcare, retail, banking, financial services, and insurance (BFSI) industries across the globe.

Global Enterprise Key Management Market Trends:

The market is primarily driven by the increasing number of data breaches in businesses across the globe. In addition, governments of numerous countries are implementing national cybersecurity defense policies to minimize risks encountered by citizens, businesses, and critical infrastructure, representing another major growth-inducing factor. Besides this, organizations are facing several challenges in controlling and managing their encryption keys, which are escalating the demand for enterprise key management solutions to secure the keys from malicious insiders and attackers, manage encryption keys used in infrastructure, and support multiple heterogeneous environments consisting of databases, applications, and standards. This, coupled with the expanding information technology (IT) industry and the rapid expansion of small and medium-sized enterprises (SMEs), are creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 7.7 Billion by 2033, exhibiting a CAGR of 13.19% during the forecast period (2025-2033).

Market Summary:

Based on the component, the market has been classified into solutions and services.
On the basis of the deployment mode, the market has been bifurcated into on-premises and cloud-based.
Based on the enterprise size, the market has been segregated into small and medium-sized, and large enterprises.
On the basis of the application, the market has been categorized into disk, file and folder, database, communication, and cloud encryption.
Based on the end use industry, the market has been segmented into BFSI, healthcare, retail, IT and telecom, government and defense, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some 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 Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
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
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)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Enterprise Key Management Market to Reach USD 7.7 Billion by 2033, Impelled by Increasing Number of Data Breaches

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