Product ID: UCMIG20Q2002
Report ID:
UCMIG20Q2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2016, the market for global enterprise key management was estimated to be worth USD 760.8 million, and it is expected to expand over the next few years. A centralised management tool called enterprise key management (EKM) is used to protect the cryptographic keys that are used to encrypt sensitive data throughout the distributed IT environments of an organisation. Due to the increasing incidence of data breaches, increasing regulatory and compliance enforcements to secure sensitive data, and the rising use of cloud-based deployment, the market is anticipated to increase. The exponential growth in internet users and the quick uptake of digital services has caused organisations to collect sensitive data in previously unheard-of amounts, which is likely to accelerate the adoption of encryption solutions. Furthermore, investments in cloud-based services and hardware security modules for encryption key management and data protection are projected to fuel market growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Research & Consulting Services by segment aggregation, the contribution of the Research & Consulting Services in Commercial & Professional Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20Q2002