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Enterprise Key Management Market to Perceive Accruals of USD 2,565 Million by 2023 with 18.3% of CAGR

Global Enterprise Key Management Market, By Services Types (Managed services and Professional Services) - Forecast 2023


Pune, India -- (SBWIRE) -- 11/14/2017 -- Market Research Future published a Cooked research report on "Global Enterprise Key Management Market Research Report - Forecast to 2023"– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Hewlett Packard Enterprise Company (US), International Business Machines Corporation (US), Amazon Web Services, Inc. (US), Gemalto NV (Netherland), RSA Security LLC (US), Thales e-Security, Inc. (France), Sun Microsystems, Inc. (U.S), Virtucript, LLC (U.S), Venafi, Inc. (US) and Oracle Corporation (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Enterprise Key Management Market.

Enterprise Key Management Global Market – Overview

Enterprise Key Management is administering the full lifecycle of cryptographic keys. The lifecycle includes generating, using, storing, archiving, and deleting of keys. The Global Enterprise Key Management Market is growing with the rapid pace; mainly due to the technological innovation and the demand for the efficient management of data. According to a recent study report published by the Market Research Future, The global market of Enterprise Key Management is booming and expected to gain prominence over the forecast period. The global Enterprise Key Management market is prognosticated to acquire worth of USD ~ 2,565 Million by the end of 2023 with at a whooping double digit CAGR over ~ 18.3% during forecast period 2017-2023.

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Growing volume of complex and confidential data, dictates the demand for the data's management and encryption which eventually contributes to the market growth. Additionally, growing number of start-ups (new companies) and the expansion of existing companies provides impetus to the market growth of Enterprise Key Management. Enterprise key management can be done either on premise or on a cloud. Enterprise key management maintains a cloud over which it stores the encrypted data and provides keys for accessing the data on the network or database. The keys, provided by enterprise key management system, are created and managed by hardware cryptographic modules. The enterprise key management system keeps the data secure and confidential, and accessible to the authorized organisations or users only. Moreover, wide adoption of cloud based computing and increase in encryption of data leads the demand for the Enterprise Key Management. Also augmented cyber-attacks worldwide prompt the organisations to secure their data, contributing the market.

Since, Enterprise key management, transmission and storage is a very complex process; lack of competency and untrained manpower is likely to hamper the market growth during the forecast period.

Recently, on October 16, 2017 The Hyatt Hotel chain has suffered its second breach in a year. Once again customers have had their credit card data stolen. The breach affected 41 hotels. Hyatt properties in China were affected the most with 18 different hotels attacked. Businesses such as hotel chains that are in possession of a wealth of customer data are increasingly becoming a prime target for hackers, particularly as their approaches become ever more sophisticated. Businesses need to ensure that they minimise the damage caused as a result of breaches such as this by having effective and robust cyber security strategies in place. By embracing measures like encryption, tokenisation and key management, stolen personal data can be rendered useless to hackers.

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Enterprise Key Management Market – Competitive Analysis

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow. Vendors strive to offer standard and custom designed solutions that and can provide superior performance and offer long-term service for demanding buyers. Emphasizing on quality, using the latest techniques and quality standards, insuring top quality and maximum performance manufactures try to deliver the solutions with the adept technologies, unrivalled features and based on a Technology that is on a completely different level compared to their competition.

Table of Contents
1 Market introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Enterprise Key Management Market: By Services Type
1.3.2 Global Enterprise Key Management Market: By Deploymenttype
1.3.3 Global Enterprise Key Management Market: By Application
1.3.4 Global Enterprise Key Management Market: By Organization Size
1.3.5 Global Enterprise Key Management Market: By End User
1.3.6 Global Enterprise Key Management Market: By Region

List of Tables
Table 1 Enterprise Key Management Market, By Services Type
Table 2 Enterprise Key Management Market, By Deploymenttype

List of Figures
Figure 1 Research Methodology
Figure 2 Enterprise Key Management Market: By Services Type (%)

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