SOURCE RESEARCH
Key Management Services (KMS) and Cloud Strategies
Presentation | 4Q 2024 | PT-3202
Get The ReportABI Research forecasts a Compound Annual Growth Rate (CAGR) of 29.6% in cloud KMS revenue between 2023 and 2030 as enterprises increasingly rely on complex hybrid and multi-cloud environments, propelling demand for KMSs that use cloud strategies.
Risk perception is a key component of growth for cloud KMS. While cloud options have customarily been perceived as less secure than their on-premises counterparts, mass migration to the cloud and the increasing hybridization of cloud and on-premises environments is helping to turn the tide regarding perceptions around cloud risk. 69% of cryptographic vendors plan to develop cloud KMS capabilities and cryptography as a service solutions in the next year, with these developments expect to present in revenue by 2026 and 2027.
Related Research
Cloud Provider Approaches to HSM-as-a-Service Solutions
Presentation | 2Q 2024 | PT-2993
Selecting the Right Security Solution to Protect Your Cloud Data
Whitepaper | 4Q 2023 | WP-1027
Cloud-Native RAN: Market Developments
Report | 1Q 2024 | AN-5914
Industrial and Manufacturing Survey 1H 2024: Use of Cloud Results and Key Takeaways
Presentation | 3Q 2024 | PT-3337
The Role of Sovereign Cloud Deployments for AI Adoption in Telco Networks
Report | 1Q 2025 | AN-6291
