Key management as a service has established to protect the keys and metadata supported by the key management system. It helps in protecting data confidentially, availability, integrity and source authenticity. Global key management as a service market size was valued at $0.31 billion in 2017 and is estimated to reach $2.39 billion by 2025 with the CAGR of 28.56% during 2019-2025. The market has been driven by increasing migration to cloud platform, maximising operational efficiency among organisations, implementing stringent regulations in KmaaS market, increasing encryption for protecting the information and Adopting encryption among organisations.

Similarly, growth in cyberattacks, rising cashless transactions, increasing demand for cloud based solutions and high adoption rate of KmaaS solution in BFSI vertical are expected to fuel the Key Management as a Service market. However, lack of awareness on KmaaS, breaking down of performance concerns among enterprises, lack of adopting KmaaS solutions due to budget constraints and a limited number of a skilled workforce is restrained the growth of the market. Whereas, availability of keys in a limited amount, scalability issues about multiple databases are expected to create challenges in the growth of key management as a service market.

Research Study Objectives:

• Define, estimate, and forecast the key management as a service market statistics by component, organization size, application, end users and regions concerning the individual growth drivers, market trends and their contribution toward the key management as a service market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in key management as a service market analysis report.
• Analysis and conclusions on the future key management as a service market outlook.

Top-down and bottom-up approaches are used to validate the key management as a service market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The key management as a service market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the key management as a service market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The key management as a service market segmentation is as follows:

By Component

• Solution
• Services
• Professional Services
  • Training, Education, And Consulting
  • Support and Maintenance
• Managed Services

By Organisation Size

• Large Enterprises
• Small and Medium-Sized Enterprises

By Application

• Cloud Encryption
• Disk Encryption
• File/Folder Encryption
• Database Encryption
  • Application-Level Encryption
  • Database-Level Encryption
• Communication Encryption
  • Voice Encryption
  • Email Encryption
  • Instant Messaging Encryption

By End Users

• Manufacturing
• Banking, Financial Services, And Insurance
• Telecommunications and IT
• Healthcare and Life Sciences
• Government and Public Utilities
• Aerospace and Defense
• Retail and Consumer Goods
• Energy and Utilities
• Others

Geographical Analysis:

Key Management as a Service Market is segmented by geography into North America, South America, Europe, Asia Pacific and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. The Asia Pacific is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the key management as a service market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Key Management as a Service Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant key management as a service such as
  • Box, Inc.
  • Google LLC
  • IBM Corporation
  • Oracle Corporation
  • Amazon Web Services, Inc.

Along with these companies, many other companies are considered in the report while analysing the global key management as a service market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.