According to research report "Enterprise Key Management Market by Component (Solutions and Services), Deployment Type (Cloud and On-Premises), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Application, Vertical, and Region - Global Forecast to 2022", The enterprise key management market size is expected to grow from USD 933.2 Million in 2017 to USD 2,343.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 20.2%.
Browse 69 Market Data Tables and 63 Figures spread through 151 pages and in-depth TOC on "Enterprise Key Management Market - Global Forecast to 2022"
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Increasing complexities in managing high-profile data and complying with government rules and regulations have increased the need for enhanced enterprise security across various verticals. This has led to the widespread adoption of enterprise key management solutions. With the expected increase in the global enterprise key management adoption rate in the Small and Medium-Sized Enterprises (SMEs) segment, the enterprise key management market is likely to gain traction during the forecast period.
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“Disk encryption application is expected to contribute the largest market share during the forecast period.”
The cost of protecting valuable enterprise data is increasing continuously. Encryption is a security mechanism that ensures data is ciphered securely so that it remains confidential and is available for authorized users only. With increasing volumes of sensitive data, businesses are experiencing the pressure to protect business-critical data from cyber- attacks. This has largely favored the adoption of enterprise key management solutions and services across various industries.
“Managed services segment is expected to grow at a higher CAGR than the professional services segment during the forecast period.”
With the increasing deployment of cloud-based computing solutions, the services segment is expected to witness significant growth during the forecast period. The managed services segment is expected to grow at a higher CAGR during the forecast period. Managed service providers help clients manage encryption keys that are required to encrypt on-premises as well as cloud data. It is the prime responsibility of the managed service providers to safeguard the data encryption keys. Vendors offering enterprise key management solutions focus on improving data security, meeting regulations and compliances, and reducing data security management costs.
“The rapid adoption of enterprise key management solutions due to a strong and well-established economy is expected to make North America the largest market in terms of global share.”
North America is expected to hold the largest market size and dominate the enterprise key management market during the forecast period. Increasing data security challenges along with the need to meet strict compliance regulations is driving the adoption of enterprise key management solutions in North American organizations. Asia Pacific (APAC) is also expected to offer potential growth opportunities in the enterprise key management market as countries in the APAC region are investing substantially in deploying data security and compliance management solutions.
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The major vendors that offer enterprise key management solutions and services include Amazon Web Services, Inc. (US), Gemalto NV (Netherland), Hewlett Packard Enterprise (HPE) Company (US), International Business Machines (IBM) Corporation (US), Oracle Corporation (US), RSA Security LLC (US), Thales e-Security, Inc. (France), and Venafi (US).
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the event stream processing (ESP)market includes AFMC Lubrication Pvt.
Ltd., Beka-Lube Products Inc., BEKAWORLD, Cenlub Systems, DropcoMultilub Systems Private Limited, Graco Inc., Groeneveld Group, KRS Multilub Pvt.
Ltd., LUBE Corporation, Lubrite Industries, Pricol Limited, S.V.A.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Event Stream Processing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/event-stream-processing-market/download-sampleMarket DynamicsThe increasing demand for IoT and smart devices is fueling the adoption of ESP system.
The growing focus on analyzing large volumes of data from multiple sources to gain real-time insights is again fuelling market growth.
The report "Event Stream Processing Market by Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading, and Network Monitoring), Component, Deployment Mode, Type (Data Integration and Analytics), Vertical, and Region - Global Forecast to 2023", The global Event Stream Processing (ESP) market size is expected to grow from USD 690 million in 2018 to USD 1,838 million by 2023, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period.
The major factor fueling the market growth is the increasing demand for Internet of Things (IoT) and smart devices driving the adoption of ESP solutions.
The fraud detection segment further helps reduce operational risks through continuous monitoring of suspicious activities.Enquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=157457365BFSI vertical is expected to account for the largest market size during the forecast periodThe BFSI vertical has gained traction in event stream processing market, owing to the early adoption of ESP solutions for financial applications.
Some of the applications are algorithmic trading, electronic transaction monitoring, and dynamic pre-trade analytics.
Most of the ESP solution providers are present in North America are involved in product innovations and deployment of the ESP solutions.
They are adopting various growth strategies to strengthen their position in the event stream processing market.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=157457365Major vendors in the global event stream processing market include IBM (US), Microsoft (US), Google (US), Oracle (US), SAS (US), SAP (Germany), TIBCO (US), Informatica (US), Hitachi Vantara (US), AWS (US), Software AG (Germany), Salesforce (US), Redhat (US), FICO (US), Impetus Technologies (US), data Artisans (Germany), Radicalbit (Italy), Streamlio (US), Equalum (Israel), Striim (US), Confluent (US), EVAM (US), Databricks (US), SQL Stream (US), and EsperTech (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Overview:The global market review on the Event Stream Processing Market reveals a possibility of scaling up to USD 1,663 million valuation by 2023, with a 22% CAGR during the forecast period of 2018 to 2023.
Market Research Future (MRFR), in its attempts to understand the market growth, revealed various factors like the introduction of IoT, demand for better distribution of workflow, need of it in the formation of IT structure to understand various drawbacks and build a proper structure, and others that can bolster the market growth during the forecast period.
Such a segmentation includes a proper review of data that can help in tracking trends to boost the market outcome.
By service, the event stream processing market includes a discussion of professional and managed services.
By application, the understanding of the event stream processing market includes predictive maintenance, fraud detection, algorithmic trading, network monitoring, sales & marketing, and others.By industry vertical, the review of the event stream processing market includes energy & utilities, BFSI, Transportation & Logistics, manufacturing, rIT & Telecom, retail & eCommerce, and others.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7491Regional Analysis: North America and Europe are going to witness a substantial hike in the market valuation as the BFSi sector would create a huge demand for the same.
Event Stream Processing Market Research Report Information, By Component (Software, Platform and Services), By Deployment Mode (Cloud and On-premises), By Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading) - Global Forecast till 2023Market HighlightsGlobally, the event stream processing market is expected to have significant growth over the forecast period.
The growth of the market can be attributed to the demand for increased automation in business processes and rising need to analyze large volume of enterprise data to gain genuine competitive advantage instead of only building and maintaining an expensive IT infrastructure.
The event stream processing software helps in building an event driven IT systems.
Its key functionalities include processing continuous stream of data, detecting meaningful pattern in them, and building relationships among them that help enterprises in making strategies to optimzie their business operations and improve customer services.
Event stream processing software tools are used in diverse application areas that includes algorithmic trading, fraud detection, location-based services, and many more.
By service, the market is bifurcated into professional and managed services.
