Enterprise Key Management Market size is expected to grow from $ 933.2 million in 2017 to $ 2,343.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.2%.
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Complete report on Enterprise Key Management Market spread across 176 pages, profiling 9 companies and supported with 120 tables and 42 figures.
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The cloud deployment type is expected to grow a higher CAGR than the on-premises deployment type during the forecast period. Small and Medium-Sized Enterprises (SMEs) implement cloud services as cloud deployment is cost-effective and allows SMEs to focus on their core competencies, without investing much on security infrastructure.
Organizations can avoid the costs related to hardware, software, storage, and technical staff by implementing cloud-based solutions.
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Cloud-based platforms offer Software-as-a-Service (SaaS) based enterprise key management solutions and services to secure sensitive data. This is beneficial for SMEs as they usually have strict budgets for security investments.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (45%); Tier 2 (35%) and Tier 3 (20%) companies were contacted for interviews.
The interviews were conducted with various key people such as C level (35%), Director Level (25%) and others (40%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (20%), Europe (30%), North America (45%), and Row (5%).
Organizations have large volumes of sensitive data test which is stored in databases, archives, spreadsheets, data warehouses, mobile devices, and off-site backups. To protect and safeguard this sensitive data, organizations are adopting efficient enterprise key management solutions and services.
Enterprise key management solutions and services facilitate the effective management of the lifecycle of keys used in the cryptography technology. Lack of awareness and the absence of skilled labor area few of the factors restraining the growth of the enterprise key management market.
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