Global Key Management as a Service (KMaaS) Market Excepted to Reach USD 2.16 billion by 2025: Orbis Research

(The Express Wire via Comtex)

Global Key Management as a Service (KMaaS) Market valued approximately USD 220 million in 2016 is forecasted to grow with a healthy growth rate of more than 28.89% over the forecast period 2018-2025. The major factors speculated to augment the markets are growing choice of cloud-based contact centers, the escalating need for the automation of contact center solutions and increasing focus on improving customer experience through omnichannel solutions. Global Key Management as a Service (KMaaS) Market to reach USD 2.16 billion by 2025.

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Key Management proposes administration of cryptography keys in cryptosystem, it involves generation of key, exchange of key, storage and key replacement. Cryptosystem has 3 algorithms encryption, decryption and key generation. Key generation mentions procedure of generating keys by numerous algorithms like Symmetric Key Generation Algorithms i.e. Data Encryption Standard (DES) and Advanced Encryption Standard (AES) while Asymmetric Key Generation Algorithms. National Institute of standards and Technology (NIST) says key management system security policy generates and specifies rules to protect keys and metadata which helps key management system.

Key management as a Service (KMaas) is developing with the enlargement of this Industry worldwide. The expanding movement towards cloud and the strict rules in the KMaas market are anticipated to drive the development of this market. The global Key Management as a service (KMaas) market cost near about $220 million in 2016 and is expected to grow with a good growth rate of greater than 28.89% over the calculated period 2018-2025.

The global service providers for KMaas are

Gemalto (Netherlands)

Google (US)

CipherCloud (US)

IBM (US)

Egnyte (US)

Box (US)

Thales e-Security (France)

Unbound Tech (US)

Sepior (Denmark)

KMaas is mostly applied in disk encryption, database encryption, communication encryption, and file / folder encryption and cloud encryption. In disk encryption, it grew for approximately 37.07% of the market in 2016, acquiring maximum share of revenue. Cloud based and communication encryption are anticipated to expedite on market growth. The vertical insights of global enterprise key management are mostly applicable in banking, financial services and insurance (BFSI), retail, government and defense, healthcare, utilities, Telecom and IT, and others.

Geographically, the regions focusing on the market size, market trends of Key management as a service are-

North America

Middle East and Africa

Latin America

Asia Pacific

Europe

North America is anticipated to hold the biggest market share and Asia Pacific is expected to grow at fastest pace during the calculated period.

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TABLE OF CONTENTS
Chapter 1. Global Key Management as a Service (KMaaS) Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation

Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption

Chapter 3. Executive Summary
3.1. Global and Segmental Market Estimates and Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends

Chapter 4. Global Key Management as a Service (KMaaS) Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation and Conclusion

Chapter 5. Global Key Management as a Service (KMaaS) Market by Component
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Key Management as a Service (KMaaS) Market, Sub Segment Analysis
5.3.1. Service
5.3.1.1. Market estimates and forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates and forecasts, 2015-2025 (USD Billion)
5.3.1.3. Type breakdown estimates and forecasts, 2015-2025 (USD Billion)
5.3.1.3.1. Professional
5.3.1.3.2. Managed
5.3.2. Solution
5.3.2.1. Market estimates and forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates and forecasts, 2015-2025 (USD Billion)

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