Global Key Management as a Service Market Overview:
Key management as service is the process of management of cryptographic keys in cryptosystem. This service includes key generation, exchange, store and replacement. There are various applications of key management such as communication encryption database encryption, disk encryption, file/folder encryption and cloud encryption. Cryptosystem process is done by three algorithm such as key generation, encryption and decryption. Fueling demand of cloud in key management as Service will help to boost global key management service market. Some of the key players profiled in the study are CipherCloud (United States), Gemalto (Netherlands), Google (United States), IBM (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Thales e-Security (France), Amazon Web Services, Inc. (United States), Hewlett Packard Enterprise Development LP (United States) and Box (United States). According to Market Analyst at AMA, the Global Key Management as a Service market may see a growth rate of 28.4%
On the basis of geography, the market of Key Management as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Component, the sub-segment i.e. Solution will boost the Key Management as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Healthcare & Lifesciences will boost the Key Management as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Fueling Demand of Cloud in Key Management as Service
- Rising Dependency of Data Encryption by the Organizations
- Increasing Availability of Encryption Keys
- Organizationsí Increasing Focus on Improving Operational Efficiency
- Lack of Awareness about Key Management as a Service
- Lack of budget for Adoption of Kmaas Solutions
- Rising Demand in BFSI Industries
- Lack of Skilled Professionals in Companies
Major Market Developments:
On 27th March 2018, KeyNexus Inc. the leader in Universal Key Management (UKM) and P6R are patterned to deliver complete KMIP solution for businesses deploying KMIP-compliant cybersecurity solutions.
On 29th November 2018, Cryptsoft and Gemalto a global leader in digital security are patterned to offers the widely installed KMIP C Server SDK, to improve Gemalto's SafeNet KeySecure, the company's centralized encryption key management platform.
Key Management as Service Providers, Industry Associations and Experts, Research Organizations and Consulting Companies., Research Institutes, Government Regulatory Bodies, Government and Private Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Key Management as a Service market on the basis of product  , application [Communication Encryption (Voice Encryption, Instant Messaging Encryption, Email Encryption), Database Encryption (Database-Level Encryption, Application-Level Encryption), Disk Encryption, File/Folder Encryption and Cloud Encryption], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Key Management as a Service market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Key Management as a Service industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Egnyte (United States), KeyNexus (Canada), Sepior (Denmark), Unbound Tech (United States), FORNETIX (United States), Vormetric, Inc. (United States) and RSA Security LLC. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Key Management as a Service market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.