Press release
Encryption Key Management Market Size, Share, Development by 2024
Encryption is a process that uses algorithms to encode data as ciphertext. This ciphertext can only be made meaningful again, if the person or application accessing the data has the data encryption keys necessary to decode the ciphertext. So, if the data is stolen or accidentally shared, it is protected because it is indecipherable, thanks to data encryption.
Compared to 2017, Encryption Key Management market increased revenue value by 21.45% to 3511.65 million USD worldwide in 2018. Overall, the Encryption Key Management market performance is positive, despite the weak economic environment. The global Encryption Key Management market is expected to increase to 7804.29 million USD by 2023 from 3511.65 million USD in 2018, growing at a CAGR of 17.32% from 2018 to 2023.
The USA led the market during 2018, accounting for more than 25% of the market share. USA is one of the key contributors to the global Encryption Key Management market, followed by Europe. The report estimates this region to retain its market dominance until the end of 2025.
According to this study, over the next five years the Encryption Key Management market will register a 17.2% CAGR in terms of revenue, the global market size will reach US$ 1505.9 million by 2024, from US$ 798.2 million in 2019. In particular, this report presents the global revenue market share of key companies in Encryption Key Management business, shared in Chapter 3.
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This report presents a comprehensive overview, market shares, and growth opportunities of Encryption Key Management market by product type, application, key manufacturers and key regions and countries.
This study considers the Encryption Key Management value and volume generated from the sales of the following segments:
Market Segment by Manufacturers, this report covers
Thales Group
Keynexus
IBM
Alibaba Cloud Computing
Egnyte
Ciphercloud
Box
Unbound Tech
Amazon
Market Segment by Type, covers
Folders/Files
SaaS App
Market Segment by Applications, can be divided into
Enterprise
Personal
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Related Information:
North America Encryption Key Management Market Growth 2019-2024
United States Encryption Key Management Market Growth 2019-2024
Asia-Pacific Encryption Key Management Market Growth 2019-2024
Europe Encryption Key Management Market Growth 2019-2024
EMEA Encryption Key Management Market Growth 2019-2024
Global Encryption Key Management Market Growth 2019-2024
China Encryption Key Management Market Growth 2019-2024
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