Enterprise Key Management Market Size, Growth & Forecast to 2027

Global Enterprise Key Management Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC91422 | Report Format: PDF + Excel | Starting Price: 3800/- USD | Last Updated: June 21st, 2023

The global enterprise key management market size is anticipated to grow at a robust CAGR of around 20% during the forecast period and expected to reach over USD 5 billion by 2027. The growing digital transformation of business and the increasing number of data breaches are some major factors driving market growth. The increasing regulatory and compliance enforcement to protect sensitive data is expected to spur the market growth. The growth in internet usage and the increasing adoption of digital services are expected to boost the market growth over the forecast period. In addition, the increasing threat of cyber attacks, growth in hybrid cloud, and increasing data centers are projected to propel the market.

Market Drivers:

Increasing data breaches and cybersecurity threats: With the growing frequency and sophistication of data breaches and cybersecurity threats, organizations are placing greater emphasis on securing their sensitive data. Enterprise key management provides a centralized and secure method for generating, storing, and managing encryption keys. As organizations strive to protect their data from unauthorized access, the demand for robust EKM solutions is increasing.

Compliance with data protection regulations: Organizations are subject to various data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). These regulations require organizations to implement appropriate security measures to protect sensitive data. Enterprise key management helps organizations meet regulatory compliance requirements by ensuring the secure management and encryption of data, especially personally identifiable information (PII).

Cloud adoption and data residency concerns: As organizations increasingly adopt cloud computing and storage solutions, they face concerns related to data residency and control. Enterprise key management enables organizations to retain control over their encryption keys, even when their data is stored in cloud environments. This allows organizations to maintain data privacy, comply with regional data residency requirements, and address concerns related to unauthorized access or data breaches in the cloud.

Increased use of encryption for data protection: The use of encryption as a data protection measure is becoming more prevalent across industries. Encryption helps secure data at rest, in transit, and in use. Enterprise key management plays a vital role in managing the encryption keys required for data protection. The growing adoption of encryption as a best practice for data security is driving the demand for robust EKM solutions.

Expansion of digital transformation initiatives: Organizations are undergoing digital transformation initiatives to improve operational efficiency, enhance customer experiences, and enable new business models. These initiatives involve the collection, processing, and storage of vast amounts of data. To ensure the security of digital assets and sensitive information, organizations require effective key management solutions. Enterprise key management enables organizations to protect their data while enabling digital transformation.

Increasing adoption of hybrid and multi-cloud environments: Many organizations are adopting hybrid and multi-cloud environments, where data and applications are distributed across multiple cloud platforms and on-premises infrastructure. Managing encryption keys in such complex environments can be challenging. Enterprise key management solutions provide centralized key management capabilities, allowing organizations to manage and secure encryption keys consistently across various cloud and on-premises environments.

Focus on data privacy and customer trust: Data privacy and customer trust have become critical concerns for organizations. Customers and stakeholders expect their personal data to be protected and handled with care. Enterprise key management helps organizations maintain the confidentiality and integrity of customer data, fostering trust and enhancing their reputation. By implementing robust key management practices, organizations can demonstrate their commitment to data privacy and gain a competitive advantage.

Integration with other security solutions: Enterprise key management solutions often integrate with other security solutions, such as data loss prevention (DLP), identity and access management (IAM), and security information and event management (SIEM) systems. This integration enables organizations to enforce access controls, monitor key usage, detect anomalous activities, and respond to security incidents effectively. The seamless integration of EKM with other security solutions strengthens overall data protection capabilities.

Market Outlook:

Benchmark Year		2022
Market Size		> USD 5 Billion by 2027
Market Growth (CAGR)		~ 20% (2023 to 2030)
Largest Market Share		North America
Analysis Period		2020-2030
Market Players		Amazon Web Services, Inc., Gemalto N.V., Google, Inc., Hewlett-Packard Enterprise, and International Business Machines (IBM)

Market Insights:

The global enterprise key management market is bifurcated into deployment mode, enterprise size, application, end-use industry, and geography. On the basis of enterprise size, the market is further segmented into small and medium enterprises (SME) and large enterprises. The large enterprise segment is accounted to hold the largest market share in 2020 and expected to maintain its dominance over the forecast period. The availability of a huge budget for security solutions in large enterprises is a major factor to drive the segment growth. The high priority for data security and privacy is further anticipated to drive the segment growth over the forecast period.

On the basis of application, the market is segmented into disk encryption, file/folder encryption, database encryption, communication encryption, and cloud encryption. The disk encryption segment dominated the global enterprise key management market and estimated to hold the largest revenue share of over one-third percent of the market. On the other hand, the cloud encryption segment is expected to grow at a fast growth rate over the forecast period. the increasing adoption of cloud-based storage by business organizations is anticipated to boost the segment growth over the forecast period.

Enterprise Key Management Market Size & Forecast

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The enterprise key management comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The enterprise key management market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2018-19 – Historical Year
2020 – Base Year
2021-2027 – Forecast Period

Market Segmentation:

By Deployment:

On Premise
Cloud

By Enterprise Size:

Small and Medium Enterprise (SME)
Large Enterprises

By Application:

Disk Encryption
File/Folder Encryption
Database Encryption
Communication Encryption
Cloud Encryption

By End-Use Industries:

BFSI
Government & Defense
Healthcare
IT & Telecom
Retail
Utilities
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global enterprise key management market in 2020 and accounted to hold the largest revenue share of around half of the market. The increasing number of cyber attacks and the increasing adoption of digital services are some major factors to drive the market growth in the region. Furthermore, the increasing adoption of encryption solutions and the presence of some major players is anticipated to drive the market growth in North America. On the other hand, the Asia Pacific is accounted to hold a significant market share by the end of the analysis period due to the increasing adoption of digital services and the increasing adoption of smart devices.

Competition Assessment:

Some of the major market players operating in the global enterprise key management market are Amazon Web Services, Inc., Gemalto N.V., Google, Inc., Hewlett-Packard Enterprise, and International Business Machines (IBM). Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Amazon Web Services, Inc.
Gemalto N.V.
Google, Inc.
Hewlett-Packard Enterprise
International Business Machines (IBM)
Thales e-security
Oracle Corporation
Microsoft Azure, Inc.
Townsend security
CA Technologies

Key Questions Answered by Enterprise Key Management Market Report

Global enterprise key management market forecasts from 2021-2027
Regional enterprise key management market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
Enterprise key management submarket forecasts from 2021-2027 covering the market by deployment, by enterprise size, by application, by end-use industries, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to enterprise key management market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level enterprise key management markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the enterprise key management market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Enterprise Key Management Market Portraiture
2.2. Global Enterprise Key Management Market, by Deployment, 2020 (USD Mn)
2.3. Global Enterprise Key Management Market, by Enterprise Size, 2020 (USD Mn)
2.4. Global Enterprise Key Management Market, by Application, 2020 (USD Mn)
2.5. Global Enterprise Key Management Market, by End-Use Industries, 2020 (USD Mn)
2.6. Global Enterprise Key Management Market, by Geography, 2020 (USD Mn)

3. Global Enterprise Key Management Market Analysis

3.1. Enterprise Key Management Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

4. Global Enterprise Key Management Market By Deployment, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. On Premise
4.3. Cloud

5. Global Enterprise Key Management Market By Enterprise Size, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Small and Medium Enterprise (SME)
5.3. Large Enterprises

6. Global Enterprise Key Management Market By Application, 2018 – 2027 (USD Mn)

6.1. Overview
6.2. Disk Encryption
6.3. File/Folder Encryption
6.4. Database Encryption
6.5. Communication Encryption
6.6. Cloud Encryption

7. Global Enterprise Key Management Market By End-Use Industries, 2018 – 2027 (USD Mn)

7.1. Overview
7.2. BFSI
7.3. Government & Defense
7.4. Healthcare
7.5. IT & Telecom
7.6. Retail
7.7. Utilities
7.8. Others

8. North America Enterprise Key Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)

8.1.1. Overview
8.1.2. North America Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
8.1.3. North America Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
8.1.4. North America Enterprise Key Management Market by Application (2018-2027 USD Mn)
8.1.5. North America Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
8.1.6. North America Enterprise Key Management Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
8.1.6.1.2. U.S. Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
8.1.6.1.3. U.S. Enterprise Key Management Market by Application (2018-2027 USD Mn)
8.1.6.1.4. U.S. Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
8.1.6.2.2. Canada Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
8.1.6.2.3. Canada Enterprise Key Management Market by Application (2018-2027 USD Mn)
8.1.6.2.4. Canada Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)

9. Europe Enterprise Key Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)

9.1.1. Overview
9.1.2. Europe Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
9.1.3. Europe Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
9.1.4. Europe Enterprise Key Management Market by Application (2018-2027 USD Mn)
9.1.5. Europe Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
9.1.6. Europe Enterprise Key Management Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
9.1.6.1.2. Germany Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
9.1.6.1.3. Germany Enterprise Key Management Market by Application (2018-2027 USD Mn)
9.1.6.1.4. Germany Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
9.1.6.2.2. U.K. Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
9.1.6.2.3. U.K. Enterprise Key Management Market by Application (2018-2027 USD Mn)
9.1.6.2.4. U.K. Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
9.1.6.3.2. France Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
9.1.6.3.3. France Enterprise Key Management Market by Application (2018-2027 USD Mn)
9.1.6.3.4. France Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
9.1.6.4.2. Italy Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
9.1.6.4.3. Italy Enterprise Key Management Market by Application (2018-2027 USD Mn)
9.1.6.4.4. Italy Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Enterprise Key Management Market by Application (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)

10. Asia Pacific Enterprise Key Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)

10.1.1. Overview
10.1.2. Asia Pacific Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
10.1.3. Asia Pacific Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
10.1.4. Asia Pacific Enterprise Key Management Market by Application (2018-2027 USD Mn)
10.1.5. Asia Pacific Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
10.1.6. Asia Pacific Enterprise Key Management Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
10.1.6.1.2. China Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
10.1.6.1.3. China Enterprise Key Management Market by Application (2018-2027 USD Mn)
10.1.6.1.4. China Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
10.1.6.2.2. Japan Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
10.1.6.2.3. Japan Enterprise Key Management Market by Application (2018-2027 USD Mn)
10.1.6.2.4. Japan Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Enterprise Key Management Market by Application (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)

11. Latin America (LATAM) Enterprise Key Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)

11.1.1. Overview
11.1.2. Latin America Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
11.1.3. Latin America Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
11.1.4. Latin America Enterprise Key Management Market by Application (2018-2027 USD Mn)
11.1.5. Latin America Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
11.1.6. Latin America Enterprise Key Management Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
11.1.6.1.2. Brazil Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
11.1.6.1.3. Brazil Enterprise Key Management Market by Application (2018-2027 USD Mn)
11.1.6.1.4. Brazil Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
11.1.6.2.2. Mexico Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
11.1.6.2.3. Mexico Enterprise Key Management Market by Application (2018-2027 USD Mn)
11.1.6.2.4. Mexico Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Enterprise Key Management Market by Application (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)

12. Middle East and Africa Enterprise Key Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)

12.1.1. Overview
12.1.2. MEA Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
12.1.3. MEA Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
12.1.4. MEA Enterprise Key Management Market by Application (2018-2027 USD Mn)
12.1.5. MEA Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
12.1.6. Middle East and Africa Enterprise Key Management Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
12.1.6.1.2. GCC Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
12.1.6.1.3. GCC Enterprise Key Management Market by Application (2018-2027 USD Mn)
12.1.6.1.4. GCC Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
12.1.6.2.2. South Africa Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
12.1.6.2.3. South Africa Enterprise Key Management Market by Application (2018-2027 USD Mn)
12.1.6.2.4. South Africa Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Enterprise Key Management Market by Deployment (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Enterprise Key Management Market by Enterprise Size (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Enterprise Key Management Market by Application (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Enterprise Key Management Market by End-Use Industries (2018-2027 USD Mn)

13. Company Profiles

13.1. Amazon Web Services, Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Gemalto N.V.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Google, Inc.
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Hewlett-Packard Enterprise
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. International Business Machines (IBM)
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Thales e-security
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Oracle Corporation
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Microsoft Azure, Inc.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Townsend security
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. CA Technologies
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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