Enterprise Key Management Market, By Services Types (Managed services and Professional Services), Deployment Type (Cloud, On-Premises), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), By Application, by End Users (Commercial, Consumer, Government, Healthcare), By Region - Forecast 2030

Industry News of Enterprise’s key Management Market

July 2022- To enhance data security, compliance, and customer experience, Axis Bank collaborated with Amazon Web Services to utilize the AWS key management solution, a complete managed service for the cryptographic operations, AWS CloudHSM, the cloud-based hardware security unit, AWS Identity & Access Management, AWS Encryption SDK, & a client-side encryption library. Axis Bank has established a data production office with defined categories of data elements for the PII & sensitive personal data/ information in order to secure data across organisations (SPDI). The bank uses envelope encryption with AWS KMS in some databases, including MongoDB, MySQL, and more, for data security when it is at rest. The HSM cluster has been scaled dynamically by the bank using automation. Moreover, a cryptography office has been established to oversee role-based access control. Axis uses message-level encryption for data in transit to make sure PII data cannot be stolen by abusing SSL termination points such as load balancers.

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  Drivers

  
  

The rise in adoption of cloud-based computing and the rise in the encryption of data and the demand for the same management have increased which act as a major factor that can be considered as the major driving factor for the global enterprise’s key management market. Additionally, the rise in the number of cyberattacks forces organizations in order to secure their data also acts as a driving factor for the enterprise key management market as well.

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  Opportunities

  
  

The government and defense segment is predicted to be the highest growing segment which will be followed by the healthcare industry segment. The healthcare industry and government and defense segments are likely to present magnificent opportunities for the global enterprise key management market industry due to the rise in the digitalization of services

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  Restraints

  
  

The storage and transmission of enterprise key management is a very complex process and therefore lacks labor and knowledge which act as a major restraint for the global enterprise key management market

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  Challenges

  
  

Regional Analysis

According to the reports, on the basis of region, the global enterprise key management market has been segmented into Asia Pacific, North America, Europe, and the rest of the world. The main factor for the growth of the enterprise key management market in the North American region is authenticated users prior to transacting business. The key companies like Amazon Web Services are providing secure cloud computing environments and flexibility which is the major driver in s new generation of business collaboration and productivity with organizations.  Europe is considered as the second leading region in the global enterprise key management market and it is likely to hold the second-largest share in the market as many companies are focused on encrypting data to limit the risk related to any electronic transactions in the enterprise key management. The evolving countries in the Asia Pacific region like India, Japan, and China is likely to show positive indication in the global market due to the high demand for electronic equivalent instead of handwritten signatures in this region.

Enterprise Key Management Market Highlights:

• Enterprise Key Management Market Size
• Enterprise Key Management Market Trends
• Enterprise Key Management Market Analysis
• Enterprise Key Management Market Share

• US Enterprise Key Management Market

• Enterprise Key Management Companies

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