A new market study, ”Key Management As A Service Market” has been featured on Market Research Future.

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Press Release Content:

The Global Key Management as a Service Market was valued at USD 363.54 million in 2018; it is estimated to reach USD 2.29 billion by 2025 growing at a CAGR of 31.22% during the forecast period 2019–2025. Market Research Future (MRFR) has segmented the key management as a service market on the basis of component, application, organization size, vertical, and region.

Related Link : https://icrowdnewswire.com/2020/07/31/reopening-speed-of-top-companies-in-key-management-as-a-service-market-predicts-imperative-phase-with-covid-19-outbreak-sales-revenue-grow-pricing-and-industry-growth-analysis/

The development of key management as a service thus comes at a convenient time when managing sensitive data and login credentials are extremely important. Most of an individual’s information is stored online these days due to the accessibility to the internet and devices like laptops, tablets, and smartphones. Thus in a scenario like this, it becomes vital that the data is safeguarded and kept secure from malicious and unlawful sources who may attempt to exploit sensitive information. Many organizations these days are turning to several cloud service suppliers to resolve different challenges, and the novel risks and additional responsibilities that come with key management as a service.

The delayed manner of adoption by organizations of the proper privacy, security, and compliance measures to ensure its maximum benefits may leave them exposed to the threat of a cyber-attack. The companies offering solutions for key management as a service market are pooling in their efficiencies to ensure a better degree of success in the market space. Utimaco GmbH, a German cybersecurity firm recently announced it had purchased Geobridge Corporation, a cryptographic key management firm for an anonymous value. The acquirement would allow Utimaco to provide support for a strategic injection at the PoS and key management as a service to its present array of cybersecurity products with Geobridge’s KeyBRIDGE platform backing the Utimaco’s Atalla product range of hardware security modules. Furthermore, the need for access by the cloud providers from a single browser, as well as multiple subscriptions, is estimated further to transform the market development in the forthcoming period.

Key Players

The key management as a service market is expected to be a growing market in the coming years owing to the presence of numerous large players active in the regional market. IBM Corporation (US), Amazon Web Services (US), Thales eSecurity (France), Oracle Corporation (US), Equinix, Inc. (US), Alibaba (China), Egnyte (US), Ciphercloud (US), Google (US), Keynexus (US), Sepior ApS (Denmark), Unbound Tech (Israel), and Box (US) are the companies leading the key management as a service market globally.

More Information : https://www.marketresearchfuture.com/reports/key-management-service-market-8188

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