Market Overview:
The global encryption key management market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data security and privacy across organizations and individuals. Additionally, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. However, lack of awareness about encryption key management solutions among end users is restraining the growth of this market. On the basis of type, folders/files segment accounted for majority share in 2017 and is expected to maintain its dominance during forecast period as well. This can be attributed to ease-of-use offered by these solutions along with their low cost as compared SaaS app based solutions.
Product Definition:
Encryption key management is the process of safeguarding encryption keys. Encryption keys are used to encrypt and decrypt data. If encryption keys are not properly managed, they can be compromised, which could result in data being stolen or leaked. Proper key management practices help ensure that encryption keys are protected and that they cannot be accessed by unauthorized individuals.
Folders/Files:
Encryption key management is a practice of protecting sensitive data by placing it in an encrypted form. The encryption keys are placed in a separate file or set of files, which are distributed to the appropriate people only. This helps organizations achieve compliance with various government regulations and avoid losses due to unauthorized access or theft.
The global Encryption Key Management market size was valued at USD 1,22,34 thousand in 2015.
SaaS App:
SaaS app is a cloud based solution that provides several services to its users. Some of the key features offered by this app include storage, email, and application platform. The growth of this market can be attributed to factors such as increasing demand for mobility in data management and growing awareness about security among consumers.
Application Insights:
The enterprise application segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The use of encryption keys across multiple applications and operating systems is a critical process, which demands a secure solution. Key management solutions enable enterprises to store their encryption keys in a central location, which can be used by various end-points or systems to encrypt data before sending it over network or via storage devices. These solutions also help organizations in monitoring access to encrypted data from different sources and manage who has access to decrypt that information.
Key management tools are widely adopted by large enterprises as they offer an efficient way of managing large sets of encryption keys across several applications and users within an organization with ease while reducing security risks associated with these sets of decryption keys being made available outside the organization's firewall system into public networks or internet accessible computers thereby compromising security measures taken by organizations regarding their sensitive business information (SBI).
Regional Analysis:
The market in North America is expected to be the fastest-growing region over the forecast period owing to increasing government regulations and compliance with data protection legislation. The U.S. has been a global leader in information security practices, which has led to an increased adoption of encryption key management solutions across other regions as well.
Asia Pacific is estimated to be the second-fastest growing region due to rapid technological advancements and increased spending on cloud computing infrastructure across emerging economies such as China and India, among others. Moreover, countries such as Japan are also adopting strong data protection laws that enforce strict requirements for organizations handling personal information of its citizens; this factor will further boost demand for encryption key management solutions in Asia Pacific over the forecast period.
Growth Factors:
- Increasing demand for data security and privacy from consumers and businesses
- The increasing number of cyber-attacks and data breaches
- The growing trend of Bring Your Own Device (BYOD) in the workplace
- Regulatory compliance requirements for data encryption and key management
- The increasing need to protect sensitive information in cloud environments
Scope Of The Report
Report Attributes
Report Details
Report Title
Encryption Key Management Market Research Report
By Type
Folders/Files, SaaS App, Encryption Key Managemen
By Application
Enterprise, Personal
By Companies
Thales Group, IBM, Egnyte, Google, Alibaba Cloud Computing, Box, Amazon, Ciphercloud, Unbound Tech, Keynexus, Encryption Key Managemen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Encryption Key Management Market Report Segments:
The global Encryption Key Management market is segmented on the basis of:
Types
Folders/Files, SaaS App, Encryption Key Managemen
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Personal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thales Group
- IBM
- Egnyte
- Alibaba Cloud Computing
- Box
- Amazon
- Ciphercloud
- Unbound Tech
- Keynexus
- Encryption Key Managemen
Highlights of The Encryption Key Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Folders/Files
- SaaS App
- Encryption Key Managemen
- By Application:
- Enterprise
- Personal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Encryption Key Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Encryption key management is the process of securely storing and managing encryption keys. Encryption keys are essential for protecting data in transit and at rest.
Some of the major companies in the encryption key management market are Thales Group, IBM, Egnyte, Google, Alibaba Cloud Computing, Box, Amazon, Ciphercloud, Unbound Tech, Keynexus, Encryption Key Managemen.
The encryption key management market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Encryption Key Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Encryption Key Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Encryption Key Management Market - Supply Chain
4.5. Global Encryption Key Management Market Forecast
4.5.1. Encryption Key Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Encryption Key Management Market Size (000 Units) and Y-o-Y Growth
4.5.3. Encryption Key Management Market Absolute $ Opportunity
5. Global Encryption Key Management Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Encryption Key Management Market Size and Volume Forecast by Type
5.3.1. Folders/Files
5.3.2. SaaS App
5.3.3. Encryption Key Managemen
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Encryption Key Management Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Encryption Key Management Market Size and Volume Forecast by Application
6.3.1. Enterprise
6.3.2. Personal
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Encryption Key Management Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Encryption Key Management Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Encryption Key Management Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Encryption Key Management Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Encryption Key Management Demand Share Forecast, 2019-2026
9. North America Encryption Key Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Encryption Key Management Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Encryption Key Management Market Size and Volume Forecast by Application
9.4.1. Enterprise
9.4.2. Personal
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Encryption Key Management Market Size and Volume Forecast by Type
9.7.1. Folders/Files
9.7.2. SaaS App
9.7.3. Encryption Key Managemen
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Encryption Key Management Demand Share Forecast, 2019-2026
10. Latin America Encryption Key Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Encryption Key Management Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Encryption Key Management Market Size and Volume Forecast by Application
10.4.1. Enterprise
10.4.2. Personal
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Encryption Key Management Market Size and Volume Forecast by Type
10.7.1. Folders/Files
10.7.2. SaaS App
10.7.3. Encryption Key Managemen
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Encryption Key Management Demand Share Forecast, 2019-2026
11. Europe Encryption Key Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Encryption Key Management Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Encryption Key Management Market Size and Volume Forecast by Application
11.4.1. Enterprise
11.4.2. Personal
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Encryption Key Management Market Size and Volume Forecast by Type
11.7.1. Folders/Files
11.7.2. SaaS App
11.7.3. Encryption Key Managemen
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Encryption Key Management Demand Share, 2019-2026
12. Asia Pacific Encryption Key Management Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Encryption Key Management Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Encryption Key Management Market Size and Volume Forecast by Application
12.4.1. Enterprise
12.4.2. Personal
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Encryption Key Management Market Size and Volume Forecast by Type
12.7.1. Folders/Files
12.7.2. SaaS App
12.7.3. Encryption Key Managemen
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Encryption Key Management Demand Share, 2019-2026
13. Middle East & Africa Encryption Key Management Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Encryption Key Management Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Encryption Key Management Market Size and Volume Forecast by Application
13.4.1. Enterprise
13.4.2. Personal
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Encryption Key Management Market Size and Volume Forecast by Type
13.7.1. Folders/Files
13.7.2. SaaS App
13.7.3. Encryption Key Managemen
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Encryption Key Management Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Encryption Key Management Market: Market Share Analysis
14.2. Encryption Key Management Distributors and Customers
14.3. Encryption Key Management Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thales Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IBM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Egnyte
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Google
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alibaba Cloud Computing
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Box
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Amazon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ciphercloud
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Unbound Tech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Keynexus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Encryption Key Managemen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook