The global Enterprise Key Management Market size is expected
to reach USD 3.61 billion by 2025, according to a new study by Grand View
Research, Inc. Increasing number of data breaches and loss of confidential
data, coupled with increasingly stringent regulations and compliance standards
to safeguard sensitive data from malicious users, have led to the
implementation of advanced enterprise security solutions across different
industries. The shift of organizations toward a digital environment for
offering digital services and the need to protect increasing volumes of
sensitive data are expected to drive the market.
Enterprise key management is an essential component of data
encryption solutions and involves managing and dealing with generation,
exchange, storage, use, destruction, and replacement of cryptographic keys that
encrypt different data sources such as emails, databases, disk drives, big data
repositories, backup tapes, and data over cloud environments. The key
management solutions protect cryptographic keys throughout their lifecycle and restrain
unauthorized users from accessing the keys or data.
Organizations are increasingly deploying encryption
solutions to protect confidential data, thus, enabling the growth of the
enterprise key management market. However, issues related to lack of skilled
key management workforce and standardized key management systems are expected
to challenge the industry. Furthermore, the high cost and complex deployment of
key management solutions are expected to hinder the market growth.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/enterprise-key-management-market
http://www.grandviewresearch.com/industry-analysis/enterprise-key-management-market
Further key findings from the study suggest that:
- North
America is expected to be the largest market during the forecast period,
owing to technological proliferation and accelerated adoption of digital
services
- Asia
Pacific emerged as the fastest-growing market with a CAGR of 22.0% over
the forecast period.
- Disk
encryption segment accounted for 37.07% of the overall market share in
2016, however cloud encryption segment will have the highest growth rate
- The
BFSI segment accounted for 31.9% in 2016. Increased online and mobile
transactions, along with data security regulatory mandates will drive the
market growth
- Increasing
investments in cloud-based encryption solutions and the need to protect
increasing data volume will drive the growth of the enterprise key
management market
- The
key participants include EMC Corporation, Gemalto N.V., Hewlett-Packard
Enterprise, IBM, Thales e-security, Microsoft Azure, Inc., and CA
Technologies
About
Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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