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Global Key Management as a Service Market By Components (Solutions and Services), By Enterprises Size (Small and Medium Enterprises (SMEs) and Large Enterprises) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 16196 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the Key Management as a Service market?

  • In 2022, the solution segment accounted for the largest share of the market to the expanding adoption of cloud-based solutions.
  • In 2022, the large enterprises segment was anticipated to hold a prominent share in the global key management as a service market. Cloud computing adoption, digitization, cybercrime concerns, safe data storage requirements, and regulatory compliance are all contributing to the rapid advancement of these trends.
  • In 2022, the BFSI segment accounted for the largest share of the market. This is mainly due to rising digitization and an increase in cybercrime.

What is the Market Size of Key Management as a Service regarding value?

The global key management as a service market is anticipated to grow at a substantial CAGR of 28.10% in the upcoming years. The global key management as a service industry was estimated to be worth USD 849.2 million in 2022 and was expected to be worth USD 4,806.8 million by 2030.

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Which region dominated the Key Management as a Service market?

In 2022, the North American region was anticipated to hold a prominent share in the global key management as a service market. As a result of highly qualified abilities and research and development capabilities, the United States holds the largest market share among all nations, resulting in the country’s rapid growth in the key management as a service market, thanks to its ability to develop technologies and services to enhance information security.

How is US Market Performing in the Key Management as a Service market?

Key Management as a Service has become a large market in the US because of a high increase in demand among a wide variety of end-users, including the banking, financial services, insurance (BFSI) industries, government and public utilities, and telecom and IT industries. In addition, the government’s increasing emphasis on ensuring data security within all cloud services is also expected to drive the adoption of key management as a service solution in the U.S.

How is the economy impacting the global Key Management as a Service growth?

The COVID-19 outbreak disrupted many industries, including Key Management as a Service. As a result of the COVID-19 outbreak, demand for Bring Your Encryption (BYOE) services, Bring Your Own Key-Cloud HSM service, software key management, secret management, and remotely managed IT services has increased. Globally, negative impacts are expected from the Russia-Ukraine Conflict, especially in Eastern Europe, the European Union, Eastern & Central Asia, and the United States. People’s lives and livelihoods have been severely affected, and trade dynamics have been disrupted to a far-reaching extent.

What is the competitive environment of the Key Management as a Service market?

An analysis of the competitive environment for key management as a service provides information about the total economic profit generated by suppliers and businesses, the amount of sales and revenues generated, the market share for key management as a service globally, a summary of the business organization, new products, and opportunities for the industrial key management as a service market. For instance, in January 2020, it was announced that Google launched a new Secret Manager Service service that will enable developers to safely and securely store sensitive information, like passwords, certificates, API keys, and certificates. Furthermore, in April 2021, The Unbound Security team announced it would extend support for Google Cloud External Key Manager by launching Unbound CORE, a key management platform. The platform will allow central management and control for encryption keys protecting all Google Cloud-stored data.

Key Management as a Service Market

Executive Summary

What are the key trends in the Key Management as a Service market?

  • A growing number of cybersecurity breaches is driving the key management market. Because hackers are likely to commit more financial fraud, phishing attacks, ransomware threats, and other data theft crimes, it is crucial to use encrypted and encryption-based services. An organization’s market position, revenue, client base, and other factors can be negatively affected by data breach incidents if it fails to use key management as a service (KMaaS) solution. The Cost of a Data Breach Report 2019 by IBM and the Ponemon Institute estimates that 25,575 documents are viewed during a data breach. Moreover, one of the most notable trends in the key management as a service sector is the increasing demand for cloud-based key management solutions. Cloud-based key management solutions offer several advantages, including data protection, regulatory compliance, storing and managing complex data, and reduced IT costs.

How are Manufacturers Teaming Up with Stakeholders in Key Management as a Service Market?

Key management as a service is expected to grow even more as major market players invest heavily in R&D to expand their product lines. Additionally, market participants are taking strategic initiatives to expand their worldwide footprint, including new product launches, contracts, mergers and acquisitions, increased investments, and collaborations with other organizations. An increasingly competitive and rising market environment requires key management as a service competitor to offer cost-effective items to expand and survive. For example, IBM acquired StepZen Inc., which created a unique GraphQL server for developers to help them build GraphQL APIs more quickly and with less code in February 2023. In addition to improving uptime and reducing costs, Oracle is automating operations and improving visibility with Apollo Tires as part of its partnership with Oracle. At the center of the system is Oracle Transportation Management, a cloud-based application that provides excellent scalability, dependability, and security at a lower cost than installing an on-premises system.

Which are the key investments by the Key Management as a Service market players?

Leading players operating in the key management as a service market focus on expanding service production capacities. To gain a competitive advantage in the domestic market, players are focusing on strategic mergers and acquisitions, collaborations, and creating awareness among vendors through various associations formed to promote smart practices. For instance, in March 2020, Talon Storage, a provider of software-defined storage solutions, was acquired by NetApp Inc. It was designed to offer end users centralized cloud data management by combining NetApp’s Cloud Volume products with Talon’s Fast software. The company hopes to expand its cloud data service portfolio and assist customers in transferring files across remote branch offices in multi-cloud environments.

Some major players in the key management as a service market are IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Development LP, Google (Alphabet Inc.), Gemalto NV, Ciphercloud.com, Thales eSecurity, Egnyte, Inc., Sepior ApS, Unbound Tech.

What are the Major Driving Factors for the Key Management as a Service Market?

Government regulations on data protection, increasing adoption of encrypted services, and so on contribute to the market’s growth. Key management involves the management of cryptographic keys for cryptosystems, including generation, creation, protection, storage, and exchange replacement. Enterprises have been increasingly deploying KMaaS services due to the increasing demand for disk, database, and cloud encryption. In the long run, cloud application adoption across enterprises, cyber security breaches, and digitalization in the healthcare sector will drive the market forward.

What are the Major Risks for the Key Management as a Service Market?

KMaaS has been hampered by a lack of awareness and performance constraints, one of the major factors limiting its growth. KMaaS requires skilled expertise to overcome challenges and configuration issues; therefore, it is not widely known. Due to the encryption of data keys, the workload’s performance is eventually adversely affected, which in turn hampers its adoption within enterprises. A company’s overall operating costs are increased due to the need to provide training or skills requirements for its workforce, negatively impacting its market share.

Which is the key industry in the Key Management as a Service market?

The BFSI category is expected to hold a prominent share of the global key management as a service market during the forecast period. Increasing shifts towards cloud environments, digital transformation, and increasing cybercrime across financial organizations have eventually led to the need to optimize encryption services for optimum data security or protection due to the increasing number of frauds, server hacking, and so on involving financial institutions. Data security within banks and financial institutions is becoming increasingly regulated due to the increased amount of transactions, consumers, and devices and the increased reliance on third-party vendors, supporting the growth of key management as a service (KMaaS). In 2020, the Indian government revealed 2,90,445 cyber security incidents relating to digital banking, which is 15.1% more than the previous year, according to reports from the Indian Computer Emergency Response Team.

How is the Key Management as a Service market performing in regions?

Europe region is anticipated to witness the fastest growth in the global key management as a service market during the forecast period. As a result of highly qualified personnel and strong research and development skills, key management as a service has seen a rise in demand in the nation. Additionally, the area is home to the most significant KMaaS suppliers and is a leader in technological adoption. Businesses are adopting key management solutions for compliance with strict data regulations in the region, which is growing the region’s market. As a result of government programs encouraging digitalization and the use of cloud platforms by businesses, KMaaS demand has increased.

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What is the regulatory landscape for the Key Management as a Service market?

Combined with Cloud HSM and Cloud EKM, Cloud KMS supports a wide range of compliance mandates requiring different key management procedures and technologies. This is accomplished in a scalable, cloud-native manner without compromising the agility of the cloud implementation. A number of mandates call for hardware encryption (HSM), separation of keys from data (EKM), or the secure handling of keys (KMS overall). FIPS 140-2 compliant key management requires clients with regulatory or regional security requirements to adopt cloud computing while maintaining the encryption keys.

What are the major players planning for the future of the Key Management as a Service market?

It is anticipated that investing in downstream applications and expanding regional presence will give businesses a competitive advantage. For instance, in January 2023, ADS-B sensors will be installed and supplied by Thales to increase aviation safety for commercial flights as part of a new cooperation between the Brazilian Air Force’s division that manages air traffic and the Brazilian Airspace Control Department (DECEA).

REPORT ATTRIBUTE DETAILS
Key Management as a Service Market by Value Yes
Key Management as a Service Market, Tornado Analysis Yes
Key Management as a Service Market, STAR Analysis Yes
Key Management as a Service Market, SRC Analysis Yes
Key Management as a Service Market Pricing Analysis Yes (On Demand)
Key Management as a Service Market Segment Analysis By Components (Solutions and Services)

By Enterprises Size (Small and Medium Enterprises (SMEs) and Large Enterprises)

By Industry (Banking, Financial Services, and Insurance (BFSI), Aerospace & Defense, Healthcare, IT and Telecommunication, Retail, Government, and Others)

Key Management as a Service Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Key Management as a Service Market Key Companies IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Development LP, Google (Alphabet Inc.), Gemalto NV, Ciphercloud.com, Thales eSecurity, Egnyte, Inc., Sepior ApS, Unbound Tech
Key Management as a Service Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Key Management as a Service Market-

Global Key Management as a Service Market – By Component

  • Solution
  • Services
  • Professional Services
  • Managed Services

Global Key Management as a Service Market – By Enterprises Size

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

Global Key Management as a Service Market – By Industry

  • Banking, Financial Services, and Insurance (BFSI)
  • Aerospace & Defense
  • Healthcare
  • IT and Telecommunication
  • Retail
  • Government
  • Others

Global Key Management as a Service Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Key Management as a Service Market
2.2. Global Key Management as a Service Market, By Component
2.3. Global Key Management as a Service Market, By Enterprises Size
2.4. Global Key Management as a Service Market, By Industry
2.5. Global Key Management as a Service Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Key Management as a Service Market Value, 2017-2030, (US$ Mn))
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Components
3.5.2. Enterprises Size
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Component Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Key Management as a Service Market
7.1. Global Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
7.1.1. Overview
7.1.2. Global Key Management as a Service Market, By Component, 2022 vs 2030 (in%)
7.1.3. Global Key Management as a Service Market, By Solution, 2017-2030 (US$ Mn))
7.1.4. Global Key Management as a Service Market, By Services, 2017-2030 (US$ Mn))
7.2. Global Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
7.2.1. Overview
7.2.2. Global Key Management as a Service Market, By Enterprises Size, 2022 vs 2030 (in%)
7.2.3. Global Key Management as a Service Market, By Small and Medium Enterprises (SMEs), 2017-2030 (US$ Mn))
7.2.4. Global Key Management as a Service Market, By Large Enterprises, 2017-2030 (US$ Mn))
7.3. Global Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
7.3.1. Overview
7.3.2. Global Key Management as a Service Market, By Industry, 2022 vs 2030 (in%)
7.3.3. Global Key Management as a Service Market, By Banking, Financial Services, and Insurance (BFSI), 2017-2030 (US$ Mn))
7.3.4. Global Key Management as a Service Market, By Aerospace & Defense, 2017-2030 (US$ Mn))
7.3.5. Global Key Management as a Service Market, By Healthcare, 2017-2030 (US$ Mn))
7.3.6. Global Key Management as a Service Market, By IT and Telecommunication, 2017-2030 (US$ Mn))
7.3.7. Global Key Management as a Service Market, By Retail, 2017-2030 (US$ Mn))
7.3.8. Global Key Management as a Service Market, By Government, 2017-2030 (US$ Mn))
7.3.9. Global Key Management as a Service Market, By Others, 2017-2030 (US$ Mn))

8. North America Key Management as a Service Market Analysis
8.1. North America Key Management as a Service Market, by Component, 2017-2030(US$ Mn))
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Key Management as a Service Market, by Enterprises Size, 2017-2030(US$ Mn))
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Key Management as a Service Market, by Industry, 2017-2030(US$ Mn))
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
8.4.1. U.S.
8.4.1.1. U.S. Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.4.1.2. U.S. Key Management as a Service, By Component, 2017-2030 (US$ Mn))
8.4.1.3. U.S. Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
8.4.1.4. U.S. Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
8.4.2. Canada
8.4.2.1. Canada Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.4.2.2. Canada Key Management as a Service, By Component, 2017-2030 (US$ Mn))
8.4.2.3. Canada Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
8.4.2.4. Canada Key Management as a Service, By Industry, 2017-2030 (US$ Mn))

9. Europe Key Management as a Service Market Analysis
9.1. Europe Key Management as a Service Market, by Component, 2017-2030(US$ Mn))
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Key Management as a Service Market, by Enterprises Size, 2017-2030(US$ Mn))
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Key Management as a Service Market, by Industry, 2017-2030(US$ Mn))
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
9.4.1. Germany
9.4.1.1. Germany Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.1.2. Germany Key Management as a Service, By Component, 2017-2030 (US$ Mn))
9.4.1.3. Germany Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
9.4.1.4. Germany Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
9.4.2. France
9.4.2.1. France Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.2.2. France Key Management as a Service, By Component, 2017-2030 (US$ Mn))
9.4.2.3. France Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
9.4.2.4. France Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
9.4.3. UK
9.4.3.1. UK Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.3.2. UK Key Management as a Service, By Component, 2017-2030 (US$ Mn))
9.4.3.3. UK Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
9.4.3.4. UK Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
9.4.4. Italy
9.4.4.1. Italy Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.4.2. Italy Key Management as a Service, By Component, 2017-2030 (US$ Mn))
9.4.4.3. Italy Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
9.4.4.4. Italy Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
9.4.5. Spain
9.4.5.1. Spain Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.5.2. Spain Key Management as a Service, By Component, 2017-2030 (US$ Mn))
9.4.5.3. Spain Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
9.4.5.4. Spain Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.6.2. Rest of Europe Key Management as a Service, By Component, 2017-2030 (US$ Mn))
9.4.6.3. Rest of Europe Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
9.4.6.4. Rest of Europe Key Management as a Service, By Industry, 2017-2030 (US$ Mn))

10. Asia Pacific Key Management as a Service Market Analysis
10.1. Asia Pacific Key Management as a Service Market, by Component, 2017-2030(US$ Mn))
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Key Management as a Service Market, by Enterprises Size, 2017-2030(US$ Mn))
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Key Management as a Service Market, by Industry, 2017-2030(US$ Mn))
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
10.4.1. China
10.4.1.1. China Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.1.2. China Key Management as a Service, By Component, 2017-2030 (US$ Mn))
10.4.1.3. China Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
10.4.1.4. China Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
10.4.2. Japan
10.4.2.1. Japan Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.2.2. Japan Key Management as a Service, By Component, 2017-2030 (US$ Mn))
10.4.2.3. Japan Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
10.4.2.4. Japan Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
10.4.3. India
10.4.3.1. India Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.3.2. India Key Management as a Service, By Component, 2017-2030 (US$ Mn))
10.4.3.3. India Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
10.4.3.4. India Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
10.4.4. South Korea
10.4.4.1. South Korea Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.4.2. South Korea Key Management as a Service, By Component, 2017-2030 (US$ Mn))
10.4.4.3. South Korea Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
10.4.4.4. South Korea Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
10.4.5. South-East Asia
10.4.5.1. South-East Asia Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.5.2. South-East Asia Key Management as a Service, By Component, 2017-2030 (US$ Mn))
10.4.5.3. South-East Asia Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
10.4.5.4. South-East Asia Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.6.2. Rest of Asia Pacific Key Management as a Service, By Component, 2017-2030 (US$ Mn))
10.4.6.3. Rest of Asia Pacific Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
10.4.6.4. Rest of Asia Pacific Key Management as a Service, By Industry, 2017-2030 (US$ Mn))

11. Latin America Key Management as a Service Market Analysis
11.1. Latin America Key Management as a Service Market, by Component, 2017-2030(US$ Mn))
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Key Management as a Service Market, by Enterprises Size, 2017-2030(US$ Mn))
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Key Management as a Service Market, by Industry, 2017-2030(US$ Mn))
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
11.4.1. Brazil
11.4.1.1. Brazil Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.1.2. Brazil Key Management as a Service, By Component, 2017-2030 (US$ Mn))
11.4.1.3. Brazil Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
11.4.1.4. Brazil Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
11.4.2. Mexico
11.4.2.1. Mexico Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.2.2. Mexico Key Management as a Service, By Component, 2017-2030 (US$ Mn))
11.4.2.3. Mexico Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
11.4.2.4. Mexico Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.3.2. Rest of Latin America Key Management as a Service, By Component, 2017-2030 (US$ Mn))
11.4.3.3. Rest of Latin America Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
11.4.3.4. Rest of Latin America Key Management as a Service, By Industry, 2017-2030 (US$ Mn))

12. Middle East and Africa Key Management as a Service Market Analysis
12.1. Middle East and Africa Key Management as a Service Market, by Component, 2017-2030(US$ Mn))
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Key Management as a Service Market, by Enterprises Size, 2017-2030(US$ Mn))
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Key Management as a Service Market, by Industry, 2017-2030(US$ Mn))
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
12.4.1. GCC Countries
12.4.1.1. GCC Countries Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.1.2. GCC Countries Key Management as a Service, By Component, 2017-2030 (US$ Mn))
12.4.1.3. GCC Countries Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
12.4.1.4. GCC Countries Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
12.4.2. South Africa
12.4.2.1. South Africa Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.2.2. South Africa Key Management as a Service, By Component, 2017-2030 (US$ Mn))
12.4.2.3. South Africa Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
12.4.2.4. South Africa Key Management as a Service, By Industry, 2017-2030 (US$ Mn))
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Key Management as a Service Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.3.2. Rest of Middle East and Africa Key Management as a Service, By Component, 2017-2030 (US$ Mn))
12.4.3.3. Rest of Middle East and Africa Key Management as a Service, By Enterprises Size, 2017-2030 (US$ Mn))
12.4.3.4. Rest of Middle East and Africa Key Management as a Service, By Industry, 2017-2030 (US$ Mn))

13. Company Profiles
13.1. IBM Corporation
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Oracle Corporation
13.3. Hewlett Packard Enterprise Development LP
13.4. Google (Alphabet Inc.)
13.5. Gemalto NV
13.6. Ciphercloud
13.7. Thales eSecurity
13.8. Egnyte, Inc.
13.9. Sepior ApS
13.10. Unbound Tech

List of Figures
FIG. 1 Global Key Management as a Service Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Key Management as a Service Market Segmentation
FIG. 4 Global Key Management as a Service Market, by Component, 2022 (US$ Mn))
FIG. 5 Global Key Management as a Service Market, by Enterprises Size, 2022 (US$ Mn))
FIG. 6 Global Key Management as a Service Market, by Industry, 2022 (US$ Mn))
FIG. 7 Global Key Management as a Service Market, by Geography, 2022 (US$ Mn))
FIG. 8 Attractive Investment Proposition, by Component, 2022
FIG. 9 Attractive Investment Proposition, by Enterprises Size, 2022
FIG. 10 Attractive Investment Proposition, by Industry, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Key Management as a Service Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Key Management as a Service Market Manufacturers, 2022
FIG. 14 Global Key Management as a Service Market Value Contribution, By Component, 2022 & 2030 (Value %)
FIG. 15 Global Key Management as a Service Market, by Solution, Value, 2017-2030 (US$ Mn))
FIG. 16 Global Key Management as a Service Market, by Services, Value, 2017-2030 (US$ Mn))
FIG. 17 Global Key Management as a Service Market Value Contribution, By Enterprises Size, 2022 & 2030 (Value %)
FIG. 18 Global Key Management as a Service Market, by Small and Medium Enterprises (SMEs), Value, 2017-2030 (US$ Mn))
FIG. 19 Global Key Management as a Service Market, by Large Enterprises, 2017-2030 (US$ Mn))
FIG. 20 Global Key Management as a Service Market Value Contribution, By Industry, 2022 & 2030 (Value %)
FIG. 21 Global Key Management as a Service Market, by Banking, Financial Services, and Insurance (BFSI), Value, 2017-2030 (US$ Mn))
FIG. 22 Global Key Management as a Service Market, by Aerospace & Defense, 2017-2030 (US$ Mn))
FIG. 23 Global Key Management as a Service Market, by Healthcare, 2017-2030 (US$ Mn))
FIG. 24 Global Key Management as a Service Market, by IT and Telecommunication, 2017-2030 (US$ Mn))
FIG. 25 Global Key Management as a Service Market, by Retail, 2017-2030 (US$ Mn))
FIG. 26 Global Key Management as a Service Market, by Government, 2017-2030 (US$ Mn))
FIG. 27 Global Key Management as a Service Market, by Others, 2017-2030 (US$ Mn))
FIG. 28 North America Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 29 U.S. Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 30 Canada Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 31 Europe Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 32 Germany Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 33 France Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 34 U.K. Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 35 Italy Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 36 Spain Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 37 Rest of Europe Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 38 Asia Pacific Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 39 China Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 40 Japan Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 41 India Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 42 South Korea Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 43 South-East Asia Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 44 Rest of Asia Pacific Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 45 Latin America Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 46 Brazil Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 47 Mexico Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 48 Rest of Latin America Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 49 Middle East & Africa Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 50 GCC Countries Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 51 South Africa Key Management as a Service Market, 2017-2030 (US$ Mn))
FIG. 52 Rest of Middle East and Africa Key Management as a Service Market, 2017-2030 (US$ Mn))

List of Tables
TABLE 1 Market Snapshot: Global Key Management as a Service Market
TABLE 2 Global Key Management as a Service Market, by Competitive Benchmarking, 2022
TABLE 3 Global Key Management as a Service Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Key Management as a Service Market, by Key Strategies Analysis, 2022
TABLE 5 Global Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 6 Global Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 7 Global Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 8 Global Key Management as a Service Market, by Geography, 2017-2030 (US$ Mn))
TABLE 9 North America Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 10 North America Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 11 North America Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 12 North America Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
TABLE 13 US Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 14 US Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 15 US Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 16 Canada Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 17 Canada Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 18 Canada Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 19 Europe Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 20 Europe Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 21 Europe Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 22 Europe Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
TABLE 23 Germany Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 24 Germany Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 25 Germany Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 26 France Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 27 France Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 28 France Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 29 UK Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 30 UK Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 31 UK Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 32 Italy Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 33 Italy Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 34 Italy Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 35 Spain Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 36 Spain Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 37 Spain Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 38 Rest of Europe Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 39 Rest of Europe Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 40 Rest of Europe Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 41 Asia Pacific Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 42 Asia Pacific Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 43 Asia Pacific Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 44 Asia Pacific Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
TABLE 45 China Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 46 China Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 47 China Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 48 Japan Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 49 Japan Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 50 Japan Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 51 India Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 52 India Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 53 India Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 54 South Korea Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 55 South Korea Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 56 South Korea Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 57 South-East Asia Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 58 South-East Asia Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 59 South-East Asia Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 60 Rest of Asia Pacific Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 61 Rest of Asia Pacific Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 62 Rest of Asia Pacific Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 63 Latin America Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 64 Latin America Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 65 Latin America Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 66 Latin America Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
TABLE 67 Brazil Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 68 Brazil Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 69 Brazil Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 70 Mexico Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 71 Mexico Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 72 Mexico Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 73 Rest of Latin America Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 74 Rest of Latin America Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 75 Rest of Latin America Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 76 Middle East and Africa Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 77 Middle East and Africa Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 78 Middle East and Africa Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 79 Middle East and Africa Key Management as a Service Market, by Country, 2017-2030 (US$ Mn))
TABLE 80 GCC Countries Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 81 GCC Countries Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 82 GCC Countries Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 83 South Africa Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 84 South Africa Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 85 South Africa Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))
TABLE 86 Rest of Middle East and Africa Key Management as a Service Market, by Component, 2017-2030 (US$ Mn))
TABLE 87 Rest of Middle East and Africa Key Management as a Service Market, by Enterprises Size, 2017-2030 (US$ Mn))
TABLE 88 Rest of Middle East and Africa Key Management as a Service Market, by Industry, 2017-2030 (US$ Mn))

Frequently asked questions

How does COVID-19 Impact the global key management as a service market?

With the evolution of COVID-19 across the globe, technological advances have taken action to stop its spread. Due to global lockdowns, the demand for Key Management as a Service will increase due to the increasing adoption of cloud-based key management as a service solutions for managing communication encryption, such as voice, email, and instant messaging encryption.

Which is the leading region of the market for key management as a service?

North America accounted for the most heightened share in the global key management as a service market.

What are the key drivers for the growth of the key management as a service market?

Government regulations on data protection, increasing adoption of encrypted services, and so on contribute to the market’s growth

Which is the major segment in the key management as a service market by components?

The solution segment had a major share of the global market in 2022.

Which is the major segment in the key management as a service market by industry?

The BFSI segment had a major share in the global market.

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