PUBLISHER: Orion Market Research | PRODUCT CODE: 1215584
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215584
Title:Global Digital Vault Market Size, Share & Trends Analysis Report by Components (Software & Solutions, and Professional Services), by Deployment Mode (On-Premises and Cloud-based), by Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and by End-User Industry (BFSI, IT and Telecom, Healthcare, Consumer Goods and Retail, Government and Defense, and Others) Forecast Period (2022-2028).
The global digital vault market is projected to grow at a significant CAGR of 20.2% during the forecast period. The key trends emerging in the market, such as rising demand for Digital Vault solutions for cloud-based data security, and increasing risk on enterprise data due to the exploitation of big data analytics, machine learning (ML), and artificial intelligence (AI) technology, the market is estimated to grow at rapidly during the forecast period. The various major players are focusing on developing software with advanced technologies for the data security of the customers.
The global digital vault market is segmented based on components, deployment mode, organization size, and the end-user industry. Based on the components, the market is bifurcated into software and solutions, and professional services. Based on the deployment model, the market is classified into on-premises, and cloud-based. Based on the organization's size, the market is segmented into large enterprises and small and medium-sized enterprises. Apart from it, based on the end-user industry, the market is classified into BFSI, IT and telecom, healthcare, consumer goods and retail, government and defense, and other end-users. Among the end-users, the healthcare segment holds a significant share in the market due to the rising need to safeguard the internal healthcare data of an organization, and the healthcare organizations most focus on customer data protection.
Geographically the global digital vault market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In the Asia-Pacific region, various countries such as China, and Japan, have widely implemented technologies that encrypt the data to save it from theft. Major countries in the Asia-Pacific region like Singapore and India are increasingly making footsteps toward implementing Digital Vault solutions with high quality. North America making its presence in the market due to the presence of major players and their strategies for developing the market growth.
Further, IBM Corp., Orange S.A., Informatica, LLC, Broadcom, Inc., Varonis Systems, Inc., Lepide, and NetApp, Inc, among others are some of the prominent players functioning in the global digital vault market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. For instance, in July 2019, IBM Corp. announced the acquisition of Red Hat for around $34 billion. Through the acquisition, the companies together are accelerating innovation by offering a next-generation hybrid multi-cloud platform. The hybrid cloud technologies of the Rat Hat are paired with the depth of IBM's innovation and company expertise, and sales leadership in more than 175 countries.
Research Methodology
The market study of the global digital vault market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the 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 macroeconomic 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 the authenticity of our reports.
Secondary Sources Include:
The report is intended for digital vault solution companies, and its application in end-user companies such as manufacturing, retail, smart city, and healthcare, among others, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
Global Digital Vault Market Research and Analysis by Components.
Global Digital Vault Market Research and Analysis by Deployment Model.
Global Digital Vault Market Research and Analysis by Organization Size.
Global Digital Vault Market Research and Analysis by End-User Industry.
The Report Covers: