PUBLISHER: Orion Market Research | PRODUCT CODE: 1159336
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159336
Title: Global Enterprise Information Archiving Market Size, Share & Trends Analysis Report by Type (Content Type and Service), by Deployment (On-Premises and Cloud-Based), by Organization Size (Large Enterprises and SMEs), by Vertical (Aerospace & Defense, BFSI, Retail & Ecommerce, Manufacturing, Healthcare, IT & Telecommunications, and Others) Forecast Period (2022-2028).
The global enterprise information archiving market is anticipated to grow at a substantial CAGR 14.8% during the forecast period. Increasing demand for cost-effective storage solutions for inactive data to meet compliance and legal requirements is expected to bolster the growth of the market across the globe. Additionally, the increasing number of data breaches has propelled the demand for segregation of less valuable data from the online enterprise data for improved business processes is further driving the market growth. Through segregating data organizations are able to reduce the risk of data breach in various classes of data, by dividing data into various sections. This process also restricts the access of data from unauthorized users.
The global enterprise information archiving market is segmented based on type, deployment, organization size, and vertical. Based on the type, the market is sub-segmented into content type and service comprising (consulting, system integration, training support and maintenance). The content type sub-segment includes email, database, social media, instant messaging, web, mobile communication, file & enterprise file synchronization, and sharing. Based on the deployment, the market is sub-segmented into on-premises and cloud-based. Based on the organization size, the market is sub-segmented into large enterprises and SMEs. Further, based on the vertical, the market is sub-segmented into aerospace & defense, BFSI, retail & e-commerce, healthcare, manufacturing, and others. The other segment comprises of media and entertainment, IT and telecommunications, and education.
Geographically, the enterprise information archiving market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific regions is anticipated to hold a prominent share of the market, due to the growing investment in digital transformation coupled with the adoption of new technologies in the region. For instance, in February 2022, the government of India revamped the digitization and technology proposals released in Budget 2021. The government is expected to spend more than $10 billion on various technology solutions across the IT, data centers, software & telecom, and others. This investment and budget digitization program is expected to reate several lucrative growth opportunities across the country.
The major companies serving the global enterprise information archiving market include Dell Inc., Google LLC, HPE, IBM Corp., and Microsoft Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, and geographical expansion, to stay competitive in the market. For instance, in June 2021, Veritas acquired Globanet catering to extend its digital compliance portfolio for email archiving migrations, custom add-ons, and project-based consulting. Globanet offers compliance solutions enabling customers to streamline compliance with global regulatory requirements and capture content from over 80 data sources.
Research Methodology
The market study of the global enterprise information archiving market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: