The Brazil market dominated the LAMEA Enterprise Key Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $198.5 million by 2031. Argentina market is showcasing a CAGR of 23.5% during 2024-2031. Additionally, the UAE market would register a CAGR of 21.8% during 2024-2031.
Companies are confronted with new issues in terms of securing their information as they move their data and apps to the cloud. Cloud environments often involve multiple data centers, third-party service providers, and geographically distributed networks, making it difficult to maintain consistent security practices.
Moreover, enterprise key management solutions offer a centralized approach to managing encryption keys, allowing organizations to maintain control over their data security regardless of where their data is stored. Additionally, the growing prevalence of regulatory compliance needs is a crucial factor that is contributing to the expansion of the market for enterprise key management.
The enterprise key management market across the LAMEA region is witnessing growth as organizations across various industries seek to strengthen their data security measures in response to rising cyber threats, regulatory requirements, and the digital transformation of key sectors such as finance, retail, and government. In Brazil, the increasing incidence of data breaches and cyberattacks is a major factor driving the demand for enterprise key management solutions. According to NETSCOUT's 2023 Cyber Threat Intelligence Report, Brazil experienced 357,422 DDoS attacks, with a significant focus on wireless telecommunications carriers and data processing services.
List of Key Companies Profiled
- Thales Group S.A.
- Google LLC
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Oracle Corporation
- Hewlett Packard Enterprise Company
- RSA Security LLC (Symphony Technology Group)
- Microsoft Corporation
- WinMagic Corp.
- Venafi, Inc. (CyberArk Software Ltd.)
Market Report Segmentation
By Component
- Solution
- Services
By Deployment
- Cloud
- On-Premises
By Enterprise Size
- Large Enterprises
- SMEs
By Application
- Cloud Encryption
- Database Encryption
- File & Folder Encryption
- Communication Encryption
- Disk Encryption
By End Use
- BFSI
- Retail
- IT & Telecom
- Healthcare
- Government & Defense
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Companies Mentioned
- Thales Group S.A.
- Google LLC
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Oracle Corporation
- Hewlett Packard Enterprise Company
- RSA Security LLC (Symphony Technology Group)
- Microsoft Corporation
- WinMagic Corp.
- Venafi, Inc. (CyberArk Software Ltd.)
Methodology
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