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Key Management as a Service - Global Market Trajectory & Analytics

  • ID: 4805650
  • Report
  • April 2021
  • Region: Global
  • 290 pages
  • Global Industry Analysts, Inc
Global Key Management as a Service Market to Reach $2 Billion by 2027

Amid the COVID-19 crisis, the global market for Key Management as a Service estimated at US$464.6 Million in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 23.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 24.4% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $124.9 Million, While China is Forecast to Grow at 29.6% CAGR

The Key Management as a Service market in the U.S. is estimated at US$124.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$497.8 Million by the year 2027 trailing a CAGR of 29.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 21.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.2% CAGR.

Select Competitors (Total 46 Featured):
  • IBM Corporation
  • Oracle Corporation
  • Google LLC
  • Ciphercloud, Inc.
  • Amazon Web Services
  • Gemalto NV
  • Egnyte
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Key Management Service: An Introduction
  • Features and Benefits of Key Management as a Service
  • Key Management as a Service: A Market Primer
  • Deployment of Key Management as a Service in Public Cloud Offers Advantages to Digital Businesses
  • Rapid Cloud Adoption by Companies Drive the Cloud Encryption Application Segment
  • BFSI, the Largest Vertical of Key Management as a Service Market
  • Impact of Covid-19 and a Looming Global Recession
  • Moving to Cloud Becomes a Reality for Majority of Companies
  • Benefits Outweigh Risks: Reason Enough for Companies to Opt Cloud Migration
  • Refresh Cycles of Software and Hardware
  • Security Threats
  • Compliance Essentials
  • Pay as you Go for Capacity on Demand
  • Mergers & Acquisitions
  • Key Management in the Cloud: A Perspective
  • Key Management System Vs Service
  • Focus on Improving Operational Excellence Driving the Key Management as a Service Market
  • Challenges within the Key Management Encryption Project
  • System Administration and Maintenance
  • User Training
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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