Key Management as a Service Market Worth 1.28 Billion USD by 2023
PUNE, India, March 6, 2018 /PRNewswire/ --
According to a new market research report "Key Management as a Service Market by Component (Solution and Services), Application (Disk Encryption, File/Folder Encryption, Database Encryption, and Cloud Encryption), Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global Key Management as a Service Market size is expected to grow from USD 0.37 Billion in 2018 to USD 1.28 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 28.4%.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 66 Tables and 38 Figures spread through 118 Pages and in-depth TOC on "Key Management as a Service Market"
https://www.marketsandmarkets.com/Market-Reports/key-management-as-a-service-market-224805322.html
Early buyers will receive 10% customization on this report
The demand for Key Management as a Service is expected to be driven by the stringent government regulations and the need to protect critical organizational data. With the increasing usage of encryption solutions across different verticals and the rising trend of Bring Your Own Key (BYOK), the adoption rate of Key Management as a Service among enterprises is expected to gain a major traction during the forecast period.
The disk encryption application is expected to hold the largest market share during the forecast period
Disk encryption, also known as hard drive encryption, full disk encryption, or whole disk encryption, refers to the encryption of the entire disk. The importance of encrypting a disk is that, if the encrypted disk is lost or stolen, the encrypted state of the drive remains unchanged, and only an authorized user would be able to access its contents. With the increase in the BYOK trend, enterprises can freely use their own cryptographic keys and exchange critical information across different mobile and cloud environments. Therefore, with the adoption of a strong Key Management as a Service solution, customers can protect their confidential data, even if the device is lost or stolen.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=224805322
The healthcare and life sciences vertical is expected to grow at the fastest rate during the forecast period
The healthcare and life sciences vertical is a key target for hackers, as healthcare companies need to manage patients' personal health information and critical data. The healthcare industry is very conscientious about data privacy, and some of these issues can be addressed with the use of the Key Management as a Service solution. Furthermore, the Key Management as a Service solution helps the clinical and IT staff in protecting patients' critical data. With the rising use of the Key Management as a Service technology and the awareness of regulatory compliances, it is expected that the adoption trend of the Key Management as a Service solution would grow among the developing countries.
North America is expected to hold the largest market share, whereas Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period
North America is believed to be the foremost potential market, due to the presence of a large number of players offering Key Management as a Service solution and services in this region. This region is expected to hold the largest market size during the forecast period, as organizations in this region are among the early adopters of advanced technologies. Furthermore, organizations have made huge investments in next-gen technologies to gain a competitive advantage and improve the business operations. The APAC region is in its initial growth phase; however, it is believed to be the fastest growing region in the global Key Management as a Service Market. The increasing adoption of Key Management as a Service in this region can be attributed to the wide-spread presence of Small and Medium-sized Enterprises (SMEs) that
are implementing low cost cloud-based technologies to prevent unauthorized access to critical business data residing on the enterprise's networks and databases, and the unethical use of such information.
The major vendors providing Key Management as a Service solution and services are CipherCloud (US), Gemalto (Netherlands), Google (US), IBM (US), Thales e-Security (France), Box (US), Egnyte (US), KeyNexus (Canada), Sepior (Denmark), and Unbound Tech (US).
Enquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=224805322
Browse Related Reports
Enterprise Key Management Market by Component (Solutions and Services), Deployment Type (Cloud and On-Premises), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Application, Vertical, and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/enterprise-key-managementmarket-49812188.html
Cloud Encryption Market by Component (Solution and Service), Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size, Vertical, and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/cloud-encryption-market-158713019.html
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article