Enterprise Information Archiving Market worth $12.9 billion by 2027 - Exclusive Research by MarketsandMarkets™
CHICAGO, March 31, 2022 /PRNewswire/ -- According to a new market 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 in-depth TOC on "Enterprise Information Archiving Market"
288 – Tables
62 – Figures
277 – Pages
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.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=253224202
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.
Speak to Research Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=253224202
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.
Market Players:
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.
Browse Adjacent Reports: Software & Services Market Research Reports & Consulting
Related Reports:
Enterprise Content Management Market with COVID-19 Impact by Business Function, Component (Solutions (Document Management, Record Management, eDiscovery), Services) Deployment Type, Organization Size, Vertical and Region - Global Forecast to 2026
eGRC Market with COVID-19 by Offering (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, and Risk Management), Business Function, End User, and Region - Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/enterprise-information-archiving-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/enterprise-information-archiving.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article