Enterprise Key Management Market 2018 Key Players: Hewlett Packard Enterprise Company, International Business Machines Corporation, Amazon Web Services, Gemalto NV, RSA Securit

Market Highlights:

The global The Enterprise Key Management Market is expected to grow at USD ~$2,565 Million by 2023, at ~18.3% of CAGR between 2017 and 2023.

Growing volume of complex and confidential data, dictates the demand for the data’s management and encryption which eventually contributes to the market growth. Additionally, growing number of start-ups (new companies) and the expansion of existing companies provides impetus to the market growth of Enterprise Key Management Industry. Enterprise key management can be done either on premise or on a cloud. Enterprise key management maintains a cloud over which it stores the encrypted data and provides keys for accessing the data on the network or database. The keys, provided by enterprise key management system, are created and managed by hardware cryptographic modules. The enterprise key management system keeps the data secure and confidential, and accessible to the authorized organisations or users only. Moreover, wide adoption of cloud based computing and increase in encryption of data leads the demand for the Enterprise Key Management. Also augmented cyber-attacks worldwide prompt the organisations to secure their data, contributing the market.

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Key Players

The prominent players in the Enterprise Key Management Market are –Hewlett Packard Enterprise Company (US), International Business Machines Corporation (US), Amazon Web Services, Inc. (US), Gemalto NV (Netherland), RSA Security LLC (US), Thales e-Security, Inc. (France), Sun Microsystems, Inc. (U.S), Virtucript, LLC (U.S), Venafi, Inc. (US) and Oracle Corporation (US), among others.

Enterprise Key Management Market – Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow. Vendors strive to offer standard and custom designed solutions that and can provide superior performance and offer long-term service for demanding buyers. Emphasizing on quality, using the latest techniques and quality standards, insuring top quality and maximum performance manufactures try to deliver the solutions with the adept technologies, unrivalled features and based on a Technology that is on a completely different level compared to their competition.

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