Market Overview:
The global key management service market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based key management services and the growing need for data security and privacy. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into open source and close source key management services. Open source key management services are more popular among small enterprises as they are low cost and easy to use. However, close source key management services are more popular among large enterprises as they offer better security features than open source solutions. On the basis of application, it is classified into large enterprises and SMEs. Large enterprises account for a major share of this market due to their high spending on information technology (IT) infrastructure and data security solutions.
Product Definition:
Key management service is a set of APIs and tools that allow applications to manage cryptographic keys. These keys are used to encrypt and decrypt data, sign and verify digital signatures, and perform other cryptographic operations. Key management service provides a way for applications to create, store, retrieve, use, and delete keys. It also provides a way for applications to share keys securely between themselves.
Open Source:
Open source is a collaborative development model that allows the participation of third-party developers to work with the core code to produce enhanced products. In this model, the end-users (or consumers) have access to the source code which he/she can use, modify and develop new applications or features based on it. The product developed by using open source software is termed as open-source software or Open Source Product (OSO).
Close Source:
The close source and its usage in key management service market is a software-based approach to derive encryption keys for data protection or privacy. The process involves protecting sensitive information by encrypting it with a secret code or algorithm so that only authorized persons can access the information.
Application Insights:
The large enterprise segment dominated the global key management service market in 2017. The segment is expected to witness significant growth over the forecast period owing to an increase in demand for cloud services and an increasing number of government initiatives aimed at improving IT infrastructure across various organizations. For instance, IBM¢â‚¬â„¢s Information Security Management System (ISMS) helps enterprises secure information by providing a centralized platform with integrated tools for identity governance, risk analysis and management, security monitoring & reporting, and communication & collaboration. ISMS enables enterprises to manage multiple security incidents efficiently by enabling real-time visibility into events related to network or application breaches. Furthermore, growing concerns regarding data loss and cyberattacks among businesses are driving the need for robust security solutions that can help prevent such occurrences from happening in the first place. This is further anticipated to drive product adoption among large enterprises during 2018-2030 period.
Regional Analysis:
The Asia Pacific key management service 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 cloud computing services in emerging economies such as China and India. In addition, rising demand for high-speed internet services has triggered the adoption of data storage and processing technologies, thereby driving the overall regional market growth.
North America held a significant share of nearly 30% in 2017 owing to early adoption of cloud based solutions by various organizations for storing their critical information/data. Moreover, presence of prominent players such as IBM Corporation; Hewlett Packard Enterprise Development LP; CA Technologies; Cisco Systems Inc.; Dell EMC; Hitachi, Ltd.; Fujitsu General Ltd.; Oracle Corporation is also contributing towards industry growth across this region.
Growth Factors:
- Increasing demand for data security and privacy
- Proliferation of cloud-based services and BYOD policies
- Growing number of cyber-attacks and data breaches
- Regulatory compliance mandates
- Increased need for collaboration among businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Key Management Service Market Research Report
By Type
Open Source, Close Source
By Application
Large Enterprises, SMEs
By Companies
Amazon, Google, Oracle, Alibaba, Egnyte, Microsoft, HashiCorp, Keyfactor, Tencent, F5 Networks, Yandex, SAP
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Key Management Service Market Report Segments:
The global Key Management Service market is segmented on the basis of:
Types
Open Source, Close Source
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
Large Enterprises, SMEs
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:
- Amazon
- Oracle
- Alibaba
- Egnyte
- Microsoft
- HashiCorp
- Keyfactor
- Tencent
- F5 Networks
- Yandex
- SAP
Highlights of The Key Management Service 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:
- Open Source
- Close Source
- By Application:
- Large Enterprises
- SMEs
- 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 Service 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?
A Key Management Service (KMS) is a service that helps manage and protect cryptographic keys. A KMS can help prevent unauthorized access to cryptographic keys, ensure the security of those keys, and provide auditing capabilities.
Some of the major companies in the key management service market are Amazon, Google, Oracle, Alibaba, Egnyte, Microsoft, HashiCorp, Keyfactor, Tencent, F5 Networks, Yandex, SAP.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Key Management Service 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 Service Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Key Management Service 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 Service 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 Service Market Size & Forecast, 2018-2028 4.5.1 Key Management Service Market Size and Y-o-Y Growth 4.5.2 Key Management Service Market Absolute $ Opportunity
Chapter 5 Global Key Management Service 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 Service Market Size Forecast by Type
5.2.1 Open Source
5.2.2 Close Source
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Key Management Service 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 Service Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Key Management Service 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 Service 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 Service Analysis and Forecast
9.1 Introduction
9.2 North America Key Management Service 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 Service Market Size Forecast by Type
9.6.1 Open Source
9.6.2 Close Source
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 Service Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
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 Service Analysis and Forecast
10.1 Introduction
10.2 Europe Key Management Service 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 Service Market Size Forecast by Type
10.6.1 Open Source
10.6.2 Close Source
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 Service Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
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 Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Key Management Service 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 Service Market Size Forecast by Type
11.6.1 Open Source
11.6.2 Close Source
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 Service Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
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 Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Key Management Service 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 Service Market Size Forecast by Type
12.6.1 Open Source
12.6.2 Close Source
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 Service Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
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 Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Key Management Service 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 Service Market Size Forecast by Type
13.6.1 Open Source
13.6.2 Close Source
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 Service Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
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 Service Market: Competitive Dashboard
14.2 Global Key Management Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon
14.3.2 Google
14.3.3 Oracle
14.3.4 Alibaba
14.3.5 Egnyte
14.3.6 Microsoft
14.3.7 HashiCorp
14.3.8 Keyfactor
14.3.9 Tencent
14.3.10 F5 Networks
14.3.11 Yandex
14.3.12 SAP