Right Now
Enterprise
Information Archiving Market Size, Share, Top Key Players and Forecast to 2027
According to a research report "Enterprise Information Archiving Market with COVID-19
Impact, by Type (Content Type (Email, Database, Social Media, Instant
Messaging, Mobile Communication) and Services), Deployment Mode, Organization
Size, Vertical & Region - Global Forecast to 2027" published
by MarketsandMarkets, the global enterprise information archiving market size
is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.2% during the
forecast period, to reach USD 12.9 billion by 2027 from USD 6.4 billion in
2022. The growth in the enterprise information archiving market has been
impelled due to the increasing need for cost-effective storage solutions for
inactive data to meet compliance and legal requirements. Another growth driving
factor for the enterprise information archiving market is the demand for
improved business processes through segregation of less valuable data from the
online enterprise data. Further, cloud-based archiving creates new growth
opportunities in the enterprise information archiving market.
Browse 288 market data Tables and 62 Figures spread
through 277 Pages and in-depth TOC on "Enterprise Information Archiving Market
Download
PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253224202
Content Type segment to grow at the higher CAGR during the
forecast period
The Content type segment for enterprise information
archiving market is expected to grow at a higher CAGR. Various industry
enterprises demand archiving solutions as per their content type from enterprise
information archiving solution providers. The content types include structured
and unstructured data that is generated by an enterprises’ IT infrastructure.
Enterprise information archiving vendors offer enterprise information archiving
solutions as per content types that include email, database, social media,
instant messaging, web, mobile communication, and file and EFSS.
SMEs segment to grow at the highest CAGR during the forecast
period
Enterprises with less than 1,000 employees are
considered under the SMEs segment. Maximum productivity and reduced cost are
crucial factors for these enterprises, as they have limited budgets to keep
track of stored enterprise information. Hence, these enterprises take advantage
of the freely available public cloud storage or limited on-premises enterprise
information archiving solutions. SMEs have a lower volume of enterprise data
generated as compared to large enterprises. This saves the overall cost required
related to installing enterprise information archiving solutions. The
implementation of the enterprise information archiving solution is expected to
result in better and secure monitoring of indoor and outdoor places.
BFSI industry vertical to grow at the highest CAGR during the
forecast period
Financial service institutes and enterprises are
continuously facing problems to meet regulatory compliance requirements defined
by various regulatory bodies, such as Financial Industry Regulatory Authority
(FINRA), SEC, Federal Financial Institutions Examination Council (FFIEC),
Federal Deposit Insurance Corporation (FDIC), and Dodd-Frank Act. These
regulations ensure financial service organizations work according to standards
and maintain fair transactions with customers. This helps financial service
organizations effectively communicate with customers, monitor, and preserve all
communications done through emails, social media, or mobile communications. To
accomplish this, financial services organizations need to incorporate
solutions, which can capture, archive, and provide easy access to the required
information, enabling the organization to respond to an agency information
request.
North America to account for the highest market share during the
forecast period
The enterprise information archiving market is
segmented into five regions: North America, Europe, APAC, MEA, and Latin
America. The enterprise information archiving report provides insights into
these regional markets in terms of market size, growth rates, future trends,
market drivers, and COVID-19 impact. North America is expected to hold the
highest market share in the overall enterprise information archiving market
during the forecast period. Following North America, Europe is expected to hold
the second-highest market share during the forecast period. The presence of
significant players in the region and the rising adoption of cloud based
solutions is expected to drive the market in North America. Europe and MEA are
also expected to witness high growth rates during the forecast period.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=253224202
The enterprise information archiving market
comprises major providers, such as Microsoft (US), HPE (US), IBM (US), Google
(US), DELL (US), Veritas (US), Barracuda (US), proofpoint (US), Smarsh (US),
Mimecast (UK), ZL Technologies (US), Global Relay (Canada), Micro Focus (UK),
OpenText (Canada), Commvault (US), Solix (US), Archive360 (US), Everteam
(France), Pagefreezer (Canada), Jatheon (Canada), Unified Global Archiving
(US), Hornetsecurity (Germany), SKYSITE (US), Zovy Archiving Solutions (US),
txtsmarter (US), SPAMBRELLA (US), THETA LAKE (US), Mithi (India), Odaseva (US),
Mirrorweb (UK), Bloomberg (US).The study includes an in-depth competitive
analysis of key players in the enterprise information archiving market with
their company profiles, recent developments, COVID-19 developments, and key
market strategies.
The B2B economy is witnessing the emergence of $25 trillion of new
revenue streams that are substituting existing revenue streams in this decade
alone. We work with clients on growth programs, helping them monetize this $25
trillion opportunity through our service lines - TAM Expansion, Go-to-Market
(GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes
Global 2000 B2B companies - helping them stay relevant in a disruptive
ecosystem. Our insights and strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence Cloud, and years of research. The
KnowledgeStore™ (our Market Intelligence Cloud) integrates our research,
facilitates an analysis of interconnections through a set of applications,
helping clients look at the entire ecosystem and understand the revenue shifts
happening in their industry.
To find out more, visit MarketsandMarkets™ or follow us
on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit
Our Website: https://www.marketsandmarkets.com/
More Posts
Report This Post
Please complete the following requested information to flag this post and report abuse, or offensive content. Your report will be reviewed within 24 hours. We will take appropriate action as described in Findit terms of use.
