Key Management as a Service (KMaaS) Market 2028 By Component, Organization Size, Application, Industry Vertical and Geography | The Insight Partners

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Key Management as a Service (KMaaS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Service); Organization Size (Large Enterprises, Small and Medium Enterprises); Application (Communication Encryption, Disk Encryption, File/Folder Encryption, Database Encryption, Cloud Encryption); Industry Vertical (BFSI, Retail and E-commerce, Manufacturing, Government and Defense, Energy and Utilities, IT and Telecom, Education, Healthcare, Others) and Geography

Report Code: TIPRE00009183 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming


Key management is the method of managing encryption keys for cloud services that enterprises can utilize to implement cryptographic functions. Rise in focus of enterprises on growing their operational efficiency and migration of many companies toward cloud-based services are the key factors that drive the growth of the key management as a service (KMaaS) market. Furthermore, rise in demand for integrated key management software by the enterprises and large-scale adoption of key management as a service (KMaaS) software in BFSI vertical are anticipated to create the major opportunities in the key management as a service (KMaaS) market.


The "Global Key Management as a Service (KMaaS) Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the key management as a service (KMaaS) market with detailed market segmentation by component, organization size, application, industry vertical, and geography. The report provides key statistics on the market status of the leading key management as a service (KMaaS) market players and offers key trends and opportunities in the market.


  •   Based on component, the global key management as a service (KMaaS) market is segmented into solution and service.
  •   On the basis of organization size, the market is segmented into large enterprises and small and medium enterprises.
  •   Based on application, the market is segmented into communication encryption, disk encryption, file/folder encryption, database encryption, and cloud encryption.
  •   Based on industry vertical, the market is segmented into BFSI, retail and e-commerce, manufacturing, government and defense, energy and utilities, IT and telecom, education, healthcare, and others.


  •   The adoption of new technologies by different SMEs and mandates to meet stringent regulations fuels the growth of the key management as a service (KMaaS) market.
  •   The amenabilities such as payment card industry data security standard sarbanes-oxley and health insurance portability and accountability act have shaped problems for the organizations that utilizes encryption for protecting the information. Due to broad adoption of data encryption by the organizations, the number of keys are rising exponentially. This has led to increase in demand of key management services (KMaaS) market which rises security of the encrypted information and also increases availability of the encryption keys for the organization.


  •   Lack of budget, skilled professionals, and awareness among enterprises is the major factor that hinders the key management as a service (KMaaS) market growth.


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The key management as a service (KMaaS) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the key management as a service (KMaaS) market in these regions.


COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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The report covers key developments in the key management as a service (KMaaS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from key management as a service (KMaaS) market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the key management as a service (KMaaS) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Egnyte, Inc.
  •   Google
  •   Hewlett Packard Enterprise Development LP
  •   IBM
  •   Oracle
  •   SEPIOR
  •   Unbound
  •   Lookout, Inc.
  •   Thales Group
  •   StorMagic.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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The List of Companies

1.Egnyte, Inc.
3.Hewlett Packard Enterprise Development LP
8.Lookout, Inc.
9.Thales Group
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