Data & privacyAnalysis
What 18 encryption, key and rights-management products, two cloud key price lists and NIST's post-quantum draft showed an Indian buyer, as of September 2026.
The 2024 version of this piece explained the difference between symmetric and asymmetric encryption and walked through switching on BitLocker. Both are settled questions; nobody in an Indian IT team is choosing between AES and RSA. What they are choosing is narrower and more expensive: which encryption they already own, which of the products on the market they actually need, what keeping the keys costs, and which deadline should shape a purchase made this year. We took TechBag’s own guide, three public price lists and NIST’s transition plan and counted.
BitLocker is licensed with Windows Pro, Enterprise and Education. On qualifying hardware, Windows turns on “device encryption” by itself after setup, using XTS-AES with a 128-bit key, and backs the recovery key up to Entra ID, Active Directory or the user’s Microsoft account.2 Android has not allowed full-disk encryption on new devices since Android 10 and requires file-based encryption instead.3 Apple builds Data Protection into iPhone, iPad and Mac.4 On the server side, Amazon S3 has applied server-side encryption to every new object at no additional cost since 5 January 2023.5
Encryption at rest is already in what you pay for; key custody and files that leave are not
What ships switched on or licensed, against what needs a decision or a purchase, as documented by the vendors in 2023 to 2026
Already paid for
Needs a decision or a purchase
Source: Microsoft BitLocker overview; Android Open Source Project; Apple Platform Security; AWS S3 announcement; TechBag encryption guide · as of 30 September 2026
The catch is in Microsoft’s own documentation. A Windows PC that uses only local accounts “remains unprotected even though the data is encrypted”, because no recovery key was ever escrowed and the protector is never sealed.2 That is the realistic state of a small office’s laptops: encrypted on paper, with no one able to say where the keys are. NIST, for its part, does not expect symmetric algorithms such as AES to need replacing in the post-quantum transition.7 The disk is the solved part.
TechBag’s Encryption & Rights Management guide lists 18 products from nine vendors: Thales, Entrust, HashiCorp, ESET, Trellix, Seqrite, Seclore, Microsoft and Forcepoint.1 Sorted by what each one does rather than what its datasheet is called, they split three ways.
11 of 18 products encrypt storage or hold keys; only 2 protect a file after it leaves
Products in TechBag's encryption and rights-management guide by what the control does, count, as of September 2026
| Value (products) | Share | |
|---|---|---|
| Rights management, travels with the file: Seclore ARMOR EDRM, Microsoft Purview | 2 | 11% |
| Classification, labels only: decides what gets protected, enforces nothing | 5 | 28% |
| Encryption and key custody: disk, database, HSMs, PKI, secrets | 11 | 61% |
Source: TechBag Encryption & Rights Management guide, capability tags verified against vendor documentation · as of 30 September 2026
The classification tools are where money is most often wasted. A label on a document is metadata; it does something only when a DLP engine or a rights-management server reads it. Bought alone, it produces a tidy taxonomy that nothing enforces. Rights management is the opposite case: the only control on the list that still works after a file has gone to an auditor, a distributor or a design partner, because the policy sits inside the file and the recipient’s copy can be revoked. If files do not leave your organisation, you do not need it. If they do, nothing else in the 18 answers the question.
The most under-bought line in the “encryption and key custody” group is secrets management: somewhere other than the code to keep API keys, database passwords and certificates, with rotation and an audit trail. It is also the cheapest place to start. HashiCorp Vault’s Community edition is free and self-hostable, with the managed and Enterprise editions quoted; Thales sells the same job as CipherTrust Secrets Management, licensed by the applications that call it rather than by data volume.1 An encrypted database whose password sits in a configuration file in the repository is encrypted in name only.
The cloud providers publish the price of key custody, and it is small. AWS KMS charges US$1 a month for each customer-managed key, plus US$1 a month for each of the first two rotations, after which rotation is free.6 Google Cloud KMS bills by the hour; at 730 hours a month a software key costs about six cents and a key held in Google’s HSMs US$1 to US$2.50, plus US$0.03 per 10,000 operations, the same rate AWS uses in its own worked example.8
A key held in a cloud HSM lists at US$1 to US$3 a month
List price to keep one key for one month, US$, AWS KMS and Google Cloud KMS (Google prices effective 17 March 2025)
Source: AWS KMS pricing page; Google Cloud KMS pricing page (hourly rates × 730 hours, TechBag arithmetic) · as of 30 September 2026 · Operations are billed on top, at US$0.03 per 10,000 requests in both providers’ examples
A dedicated HSM is a different order of cost. AWS’s own worked example prices a CloudHSM at US$1.60 an hour, which is about US$1,168 a month for one unit, and a production deployment wants two.6 On premises, the two hardware HSMs on TechBag’s guide, Thales Luna and Entrust nShield, are quote-only capital purchases: an appliance plus a support contract, and a second unit if you want to survive the first failing.1
NIST published its first three post-quantum standards on 13 August 2024: ML-KEM for establishing keys and ML-DSA and SLH-DSA for signatures, and urged administrators to start integrating them immediately.9 Its transition plan, still in draft as of September 2026, sets the dates for retiring what they replace.7 Laid out on a calendar, the shape is plain: both 2024 milestones are publications, and the first date that changes what an RSA key may be used for is after 2030.
RSA and elliptic-curve keys have a proposed retirement date; AES does not
NIST post-quantum standards and the proposed transition for quantum-vulnerable algorithms, 2024 to 2035
| Date | Event | Detail |
|---|---|---|
| 2024 | 13 Aug: standards published | FIPS 203 (ML-KEM), FIPS 204 (ML-DSA) and FIPS 205 (SLH-DSA). NIST: start integrating now. |
| 2024 | 12 Nov: transition draft | NIST IR 8547 proposes the schedule that follows for RSA, ECDSA, EdDSA and the key-establishment schemes built on them. |
| 2030 | After 2030: deprecated | Quantum-vulnerable algorithms at 112 bits of security strength, which includes 2048-bit RSA, may be used only after the data owner accepts the risk. |
| 2035 | After 2035: disallowed | All quantum-vulnerable public-key algorithms, at every strength. The year matches the 2035 goal in the US National Security Memorandum 10. |
Source: NIST, FIPS 203, 204 and 205 release; NIST IR 8547 initial public draft · as of 30 September 2026 · The 2030 and 2035 dates are NIST's draft proposal for US federal use, not an Indian rule
Two things in the draft matter to a buyer in India. First, the risk is not evenly spread: NIST names “harvest now, decrypt later” as the threat to key establishment in TLS and to encrypted email, because traffic captured today can be read once a large enough quantum computer exists.7 Data that must stay confidential for ten years, such as health records, Aadhaar-linked files or a design drawing, is the data to move first. Second, the draft says HSMs and TPMs will need firmware or hardware revised to support the new algorithms.7 An HSM bought this year should come with a written answer on ML-KEM and ML-DSA support.
Sources
Related on TechBag: the Seclore ARMOR EDRM page for protection that travels with the file, and the Thales Luna HSM page for keys held in hardware you own.
Disclosure. TechBag is a software reseller: it earns a margin when a reader buys through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view.