PUBLISHER: The Business Research Company | PRODUCT CODE: 1847446
PUBLISHER: The Business Research Company | PRODUCT CODE: 1847446
A digital vault is an online storage system crafted to safeguard sensitive and valuable digital assets. It offers a secure environment for storing, managing, and sharing digital information like documents, files, passwords, cryptographic keys, and other critical data. Utilizing encryption, authentication, access controls, and additional security measures, it ensures the confidentiality, integrity, and availability of stored information.
The primary types of digital vaults are services and solutions. Services encompass non-physical, intangible components of the economy, differing from tangible goods that can be touched or handled. This category spans various deployments, including on-premise and on-cloud solutions. Digital vault services find utility across organizations of diverse sizes, ranging from small and medium enterprises to large corporations, as well as among end-users in sectors such as information technology (IT), telecommunications, banking, financial services and insurance (BFSI), retail, power and utilities, government, aerospace and defense, healthcare, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The digital vault market research report is one of a series of new reports from The Business Research Company that provides digital vault market statistics, including digital vault industry global market size, regional shares, competitors with a digital vault market share, detailed digital vault market segments, market trends and opportunities, and any further data you may need to thrive in the digital vault industry. This digital vault market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The digital vault market size has grown rapidly in recent years. It will grow from $1.11 billion in 2024 to $1.29 billion in 2025 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to the rise of data breaches, the proliferation of digital assets, the rise of remote work, increasing cybersecurity threats, and the proliferation of mobile devices.
The digital vault market size is expected to see rapid growth in the next few years. It will grow to $2.27 billion in 2029 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to increasing demand for data security and compliance, focus on user experience, the rise of quantum-safe encryption, an increasing number of online transactions, and growing concerns about data protection from connected devices. Major trends in the forecast period include digital transformation, advancements in encryption, cloud-based solutions, integration with emerging technologies, secure storage solutions, digital transactions, biometric authentication, and end-to-end encryption.
The forecast of 15.1% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariffs on high-security storage hardware and backup encryption modules could increase operating costs for U.S. digital vault providers handling financial and legal documents. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The digital vault market is poised for growth driven by the increasing number of cyberattacks. Cyberattacks encompass malicious attempts to disrupt, damage, or gain unauthorized access to computer systems, networks, or digital devices, fueled by factors such as technological proliferation, insider threats, remote work, heightened online activity, and insufficient awareness. Digital vaults play a crucial role in thwarting cyberattacks by bolstering security measures like encryption, access controls, regular security audits, employee training, and multi-factor authentication. For example, data from the Australian Cyber Security Centre in November 2022 indicated a 13% increase in cyber crime reports, totaling 76,000 in 2022 compared to the previous year. Consequently, the uptick in cyberattacks is propelling the digital vault market forward.
Leading companies in the digital vault market are dedicated to developing advanced technological solutions like OmniVault to fortify data security and safeguard sensitive information. OmniVault denotes a versatile or comprehensive digital vault solution engineered to securely store and manage various types of sensitive data. For instance, Wolters Kluwer N.V., a Netherlands-based global information services company, introduced OmniVault for Real Estate Finance in May 2022. This platform utilizes eVault technology to support digital home equity lending, including HELOCs and home equity loans, alongside conventional mortgages. Tailored to meet the needs of real estate finance professionals, the platform offers features such as document management, compliance tracking, and potentially analytics or reporting functionalities. Moreover, it supports standards-based SSO (Single Sign-On) using SAML (Security Assertion Markup Language), openID Connect, and active directory federation services, showcasing its diverse capabilities ranging from secure password management and information security to single-sign-on authentication and keychain functionality.
In January 2023, Jewelers Mutual Group, a US-based insurance company specializing in jewelry insurance, acquired Luxsurance Technology to enhance the customer experience, benefit jewelers, and strengthen its position in the jewelry insurance market. Luxsurance Technology LLC, a US-based company, develops digital vaults, particularly the LUX Digital Vault apps.
Major companies operating in the digital vault market report are Microsoft Corporation; Hitachi Ltd.; International Business Machines Corporation; Oracle Corporation; Broadcom Inc; Johnson Controls International plc; Fiserv Inc; Wolters Kluwer N.V.; Iron Mountain Incorporated; OpenText Corporation; Micro Focus International plc; NortonLifeLock Inc.; Veritas Technologies LLC; CyberArk Software Ltd; Insoft Infotel Solutions; HarshiCorp; Keeper Security Inc.; DigiCert Inc.; OPSWAT Inc; Multicert S.A.; TokenEx; Eclypses Inc.; Daxtech IT Solutions; Lextrado Legal Exchange; FutureVault Inc.; Accruit Holdings LLC.; Logic Choice Technologies; DSwiss AG; Safe4 Information Management Limited; ENC Security
North America was the largest region in the digital vault market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital vault market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital vault market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital vault market includes revenues earned by entities by providing services such as backup and recovery, document management, compliance, and audit trails. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Vault Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital vault market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital vault ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The digital vault market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.