Market Overview:
The global key management market is expected to grow from USD 1.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 13.9% from 2018 to 2030. The growth of the global key management market can be attributed to the increasing demand for data security and privacy across enterprises and the need for efficient key management solutions to manage cryptographic keys and protect them from unauthorized access. The global key management market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into standards-based key management, KMIP-compliant key management, non-KMIP compliant key management, and other types of Key Management Solutions (KMS). Standards-based Key Management Solutions are further subsegmented into two categories: hardware security modules (HSMs) and software HSMs; while KMIP compliant Key Management Solutions are subsegmented into three categories: cloud KMSs, on premise KMSs.,and hybrid KMSs .
Product Definition:
The definition of key management is the process of managing and protecting cryptographic keys. The importance of key management is that it helps to ensure the security of data by ensuring that only authorized individuals have access to the keys.
Standards-based key management:
Standards-based key management is a set of processes and protocols for managing public and private keys. It's based on widely accepted standards such as X.509, PKI, CMS, DSS or DNS over the Internet or other communication mediums.
KMIP:
Key Management Interoperability Protocol (KMIP) is a standard developed by the SMI Security Standards Group for managing encryption keys and certificates. It uses Internet Protocol (IP) based communication to communicate between the client and server applications. The main function of this protocol is to provide a means for secure key distribution over an IP network.
Application Insights:
As of 2017, the asymmetric keys held the largest market share in terms of revenue. The growth can be attributed to the increasing adoption of cloud-based applications and services that offer easy access to data but provide no easy way to decrypt it. As a result, organizations are moving away from traditional symmetric key management solutions and are adopting asymmetric key solutions as they provide enhanced security against cyberattacks.
Key management is an important part for any organization as without it, sensitive information cannot be transmitted over networks or stored securely within a computer system. Key management involves secure storage & distribution, creation & transferral of encryption keys both in private and public sectors thereby enabling communication between different systems or end-users. This has led to increased demand for key management solutions across all industry verticals thus propelling overall market growth over the forecast period.
Regional Analysis:
Asia Pacific key management market is expected to grow at a lucrative rate over the forecast period. The growth can be attributed to increasing investments in developing IT infrastructure and rising adoption of cloud computing. Furthermore, growing demand for high-speed internet services has led to increased data traffic across the region, which in turn will drive the need for encryption technologies such as key management solutions over the next eight years.
The Asia Pacific regional market accounted for more than 35% share of global revenue in 2017 owing to significant developments taking place at a rapid pace across emerging economies such as China and India. These countries are making continuous efforts towards strengthening their national security infrastructure by deploying strong encryption standards that comply with international regulations and norms.
North America was one of prominent regions that witnessed significant growth owing both its size as well as influence on global events & trends pertaining towards information technology (IT).
Growth Factors:
- Increasing demand for data security and privacy
- Proliferation of cloud-based services and BYOD policies
- The increasing number of cyber-attacks and data breaches
- Growing need for compliance with regulations such as GDPR, HIPAA, PCI DSS, etc.
- The advent of new technologies such as blockchain
Scope Of The Report
Report Attributes
Report Details
Report Title
Key Management Market Research Report
By Type
Standards-based key management, KMIP, Non-KMIP-compliant key management, Other
By Application
Symmetric Keys, Asymmetric Keys
By Companies
Ciphercloud, Gemalto, Google, IBM, Thales E-Security, Box, Egnyte, Keynexus, Sepior, Unbound Tech, Amazon
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Key Management Market Report Segments:
The global Key Management market is segmented on the basis of:
Types
Standards-based key management, KMIP, Non-KMIP-compliant key management, Other
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
Symmetric Keys, Asymmetric Keys
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:
- Ciphercloud
- Gemalto
- Google
- IBM
- Thales E-Security
- Box
- Egnyte
- Keynexus
- Sepior
- Unbound Tech
- Amazon
Highlights of The 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:
- Standards-based key management
- KMIP
- Non-KMIP-compliant key management
- Other
- By Application:
- Symmetric Keys
- Asymmetric Keys
- 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 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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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?
Key management is the process of managing access to cryptographic keys and other security-sensitive data.
Some of the major players in the key management market are Ciphercloud, Gemalto, Google, IBM, Thales E-Security, Box, Egnyte, Keynexus, Sepior, Unbound Tech, Amazon.
The key management market is expected to grow at a compound annual growth rate of 13.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Key Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Key Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Key Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Key Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Key Management Market Size & Forecast, 2018-2028
4.5.1 Key Management Market Size and Y-o-Y Growth
4.5.2 Key Management Market Absolute $ Opportunity
Chapter 5 Global Key Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Key Management Market Size Forecast by Type
5.2.1 Standards-based key management
5.2.2 KMIP
5.2.3 Non-KMIP-compliant key management
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Key Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Key Management Market Size Forecast by Applications
6.2.1 Symmetric Keys
6.2.2 Asymmetric Keys
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Key Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Key Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Key Management Analysis and Forecast
9.1 Introduction
9.2 North America Key Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Key Management Market Size Forecast by Type
9.6.1 Standards-based key management
9.6.2 KMIP
9.6.3 Non-KMIP-compliant key management
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Key Management Market Size Forecast by Applications
9.10.1 Symmetric Keys
9.10.2 Asymmetric Keys
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Key Management Analysis and Forecast
10.1 Introduction
10.2 Europe Key Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Key Management Market Size Forecast by Type
10.6.1 Standards-based key management
10.6.2 KMIP
10.6.3 Non-KMIP-compliant key management
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Key Management Market Size Forecast by Applications
10.10.1 Symmetric Keys
10.10.2 Asymmetric Keys
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Key Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Key Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Key Management Market Size Forecast by Type
11.6.1 Standards-based key management
11.6.2 KMIP
11.6.3 Non-KMIP-compliant key management
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Key Management Market Size Forecast by Applications
11.10.1 Symmetric Keys
11.10.2 Asymmetric Keys
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Key Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Key Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Key Management Market Size Forecast by Type
12.6.1 Standards-based key management
12.6.2 KMIP
12.6.3 Non-KMIP-compliant key management
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Key Management Market Size Forecast by Applications
12.10.1 Symmetric Keys
12.10.2 Asymmetric Keys
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Key Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Key Management Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Key Management Market Size Forecast by Type
13.6.1 Standards-based key management
13.6.2 KMIP
13.6.3 Non-KMIP-compliant key management
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Key Management Market Size Forecast by Applications
13.10.1 Symmetric Keys
13.10.2 Asymmetric Keys
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Key Management Market: Competitive Dashboard
14.2 Global Key Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ciphercloud
14.3.2 Gemalto
14.3.3 Google
14.3.4 IBM
14.3.5 Thales E-Security
14.3.6 Box
14.3.7 Egnyte
14.3.8 Keynexus
14.3.9 Sepior
14.3.10 Unbound Tech
14.3.11 Amazon
