Global Enterprise Key Management Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Enterprise Key Management Market 2021 (Includes Business Impact of COVID-19)
Global Enterprise Key Management Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global enterprise key management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global enterprise key management market report has been segmented on the basis of component, deployment type, organization size, application, industry vertical, and region.
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The global Enterprise Key Management market size was valued at USD$1.61 billion in 2020 and is projected to reach USD $12.61 billion by 2030, and is anticipated to expand at a CAGR of 22.51% over the forecast period from 2020 to 2030.

Introduction:

Enterprise key management is a professional key management system that provide encryption keys across various operating systems and databases. Organizations can centrally, efficiently, and securely manage and store cryptographic keys and policies across the key management lifecycle and throughout the enterprise.

Dynamics:

Increasing complexities in managing high-profile data and developing government rules and regulations related to data security is resulting in growing need for enhanced enterprise security across various industry verticals is a key factor expected to drive growth of the global enterprise key management market over the forecast period.

In addition, rising adoption of cloud services by large and small size enterprises, owing to cost-effective solution and other benefits in developing countries, coupled with growing demand for high end data security solutions are some other factors expected to support growth of the global market over the forecast period.

Moreover, increasing demand from various industry verticals in order to maximize operational efficiency, coupled with high end security is another factor expected to support growth of the global enterprise key management market.

However, lack of awareness among enterprises and lack of skilled professionals are major factors expected to limit growth of the global enterprise key management market. In addition, complex data structure is another factor expected to limit growth of the global market to certain extent.

Increasing investment by major for technological advancements is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities through strategic mergers and acquisitions is another factor expected to further support growth of the market to certain extent.

Region Analysis:

The market in North America is expected to dominate the global enterprise key management market and is expected to continue its dominance over the forecast period. The dominance can be attributed to well-developed IT infrastructure, rising adoption of cloud services, and presence of major players operating in the countries in this region. In addition, growing merger and acquisition activities among regional and international players is expected to further support growth of the market in this region to certain extent. The market in Asia Pacific is expected to witness faster growth, owing to increasing presence of SMEs coupled with increasing government expenditure on development of IT infrastructure. The market in Europe is expected to contribute significant revenue share in the global market.


Below are the active patents related to Enterprise Key Management Market.


Patent Number: US9756022B2

Enhanced remote key management for an enterprise in a cloud-based environment

Abstract

Systems and methods are disclosed for facilitating remote key management services in a collaborative cloud-based environment. In one embodiment, the remote key management architecture and techniques described herein provide for local key encryption and automatic generation of a reason code associated with content access. The reason code is logged by a hardware security module which is monitored by a remote client device (e.g., an enterprise client) to control a second (remote) layer of key encryption. The remote client device provides client-side control and configurability of the second layer of key encryption.

Application File Date: 2014-08-29

Application Granted Date: 2017-09-05

Current Assignee: Box Inc

Patent Number: US10454676B2

Automatic key management using enterprise user identity management

Abstract

A method forms a key pair for a user. The key pair has a public key and a private key that is unique to the user and that is encrypted using a passphrase formed from an enterprise password of the user and an identification that uniquely identifies in the enterprise a device by which the user gains access. The method stores the private key in the user device and stores the public key in an enterprise server that is accessed by the user. The method provides the private key from the user device to a client, such as a SSH client, in conjunction with the password and the identification, decrypts the private key to obtain the decrypted password and the identification, and allows the user to access the enterprise server only if the decrypted password and the identification match the password and the identification provided with the private key.

Application File Date: 2015-06-22

Application Granted Date: 2019-10-22

Current Assignee: International Business Machines Corp

Patent Number: US7970143B2

System, method and apparatus to obtain a key for encryption/decryption/data recovery from an enterprise cryptography key management system

Abstract

A technique for obtaining a key for encryption/decryption/data recovery from an enterprise key management system. In one example embodiment, this is accomplished by connecting a client mobile device to a cryptography key management using a UID, a UDID, the names of one or more data files to encrypt, a password Pswd, and a KeyID to obtain the key for encryption/decryption/data recovery.

Application File Date: 2005-08-05

Application Granted Date: 2011-06-28

Current Assignee: Hewlett Packard Enterprise Development LP

Global Enterprise Key Management Market Segmentation:

By Component:

  
Solutions
  
Services
  
Professional services
  
Managed services

By Deployment Type:

  
On-premises
  
Cloud

By Organization Size:

  
Small and Medium-Sized Enterprises (SMEs)
  
Large enterprises

By Application:

  
Disk Encryption
  
File/Folder Encryption
  
Database Encryption
  
Communication Encryption
  
Cloud Encryption
  
Enterprise Key Management Market

By Industry Vertical:

  
Banking, Financial Services, and Insurance (BFSI)
  
Healthcare
  
Government
  
Information Technology (IT) and telecom
  
Retail
  
Aerospace and defense
  
Energy and utilities
  
Manufacturing
  
Others (transportation, education, and tourism)


Key Market Players included in the report:


  
Amazon Web Services Inc. (US)
  
CA Technologies
  
EMC Corporation
  
Gemalto NV (Netherland)
  
Google Inc.
  
Hewlett Packard Enterprise (HPE) Company (US)
  
Hewlett-Packard Enterprise
  
IBM Corporation
  
International Business Machines (IBM) Corporation (US)
  
LLC (U.S)
  
Microsoft Azure Inc.
  
Oracle Corporation (US)
  
RSA Security LLC (US)
  
Sun Microsystems Inc. (U.S)
  
Thales e-Security Inc. (France)
  
Thales Group (Gemalto NV)
  
Venafi Inc. (US)
  
Virtucript