The global Key Management as a Service market size is forecast to reach $1,820.3 million by 2026, growing at a CAGR of 23.7% from 2021 to 2026. Stringent government regulations towards protection of organizational data, rising adopted of encrypted services, and so on attribute towards the market growth. Key management generally refers to managing cryptographic keys for a cryptosystem, involving operations like generation, creation, protection, storage, as well as exchange replacement. Increasing need for disk encryption, database encryption along with cloud encryption across enterprises have been helping in wider deployment of KMaaS services overtime. Growing adoption of cloud applications across enterprises, increase in cyber security breach incidents, advancements in healthcare sector towards digitalization will further drive the market forward in the long run.
