Press release
Enterprise Information Archiving Market Report 2024: Strategies And Recent Developments
Enterprise Information Archiving
The Business Research Company offers in-depth market insights through Enterprise Information Archiving Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The enterprise information archiving market size has grown rapidly in recent years. It will grow from $8.6 billion in 2023 to $9.69 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to rising demand for data retention for regulatory compliances and business performance, increased operational efficiency, growing adoption for cost-effective storage processes, data retention for regulatory compliances, increased data security and privacy concerns
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The enterprise information archiving market size is expected to see rapid growth in the next few years. It will grow to $16.65 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to growing demand for data retention to meet legal governance requirements, increased emerging countries generating new opportunities, positive impact of covid-19 on the global enterprise information archiving market, increasing data volume worldwide, implementation of technology solutions for digitalization process. Major trends in the forecast period include integration with collaboration platforms, immutable storage for data preservation, application of blockchain for data integrity, machine learning for content classification, hybrid deployment models.
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Market Segmentation:
The enterprise information archiving market covered in this report is segmented -
1) By Type: Email, Social Media, Web, Mobile Communications, Database.
2) By Deployment Type: On-Premises, Cloud.
3) By Organisation Size: Large Enterprises, SMEs.
4) By Service: Planning And Consulting Services, System Integration, Training And Support Services, Operations And Maintenance Services, Data Migtion.
5) By Vertical: Government And Defense, BFSI, Retail And Ecommerce, Education And Research, Healthcare And Pharmaceutical, Manufacturing, Media And Entertainment, IT And Telecommunications, Other Verticals
Major Driver - Surging Data Volumes Fueling Growth In The Enterprise Information Archiving Market
An increasing amount of data being created each year is expected to propel the growth of the enterprise information archiving market going forward. Data refers to the information that is digitally stored on computers and other data storage technologies such as the cloud or blockchain. Currently, data set sizes are increasing, such as bytes, terabytes, and petabytes. Enterprise information archiving solutions help to manage more information effectively and to achieve compliance goals more easily. For instance, according to WP Dev Shed, a New-Zealand based webmaster's company, in July 2022, 2.5 quintillion bytes of data are generated every day this year. This data usage is expected to reach 97 zettabytes of data worldwide by the end of 2022. Also, this usage of data is expected to grow further, reaching 175 zettabytes by the end of 2025. Therefore, increasing data volumes at enterprises are driving the enterprise information archiving market growth.
Competitive Landscape:
Major companies operating in the enterprise information archiving market report are Atos SE, Barracuda Networks Inc., Bloomberg Finance L. P., Dell Technologies Inc., Google LLC, Veritas Technologies LLC, Commvault Systems Inc., Proofpoint Inc., Mimecast Limited, Smarsh Inc., Global Relay Communications Inc., Micro Focus International plc, ZL Technologies Inc., Symantec Corporation, Microsoft Corporation, International Business Machines Corporation., GFI Software, SolarWinds Corporation, MailStore Software GmbH, Altaro Software Limited, TransVault Limited, Waterford Technologies Inc., ArcMail Technology Inc., Sphere 3D Corp., Quest Software Inc., Polaris Solutions Ltd, Jatheon Technologies Inc., MailArchiva, Capax Global LLC
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Top Trend - Technological Innovations Driving Advancements In The Enterprise Information Archiving Market
New technological innovations are the key trend gaining popularity in the enterprise information archiving market. Major companies operating in the market are introducing new technologies, such as software that works on Microsoft Azure and big data application framework technology, to sustain their position in the market. For instance, in November 2021, Smarsh, a US-based provider of web archiving services, launched the Communications Intelligence Platform, the next iteration of its enterprise electronic communications capture, archiving, and oversight offering. Financial services companies and other highly regulated businesses can gather and analyze communications data at scale, identify risks right away, recognize business insight, and enhance operational systems thanks to the AI-powered solution. The Communications Intelligence Platform is a groundbreaking SaaS platform that is cloud-native, AI-powered, and designed to scale to meet the communications data requirements of contemporary international enterprises. With the help of the solution, the enterprise will be able to significantly streamline its IT operations, consolidate costs, improve insights, and shorten time to value.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Enterprise Information Archiving Market Characteristics
3. Enterprise Information Archiving Market Trends And Strategies
4. Enterprise Information Archiving Market - Macro Economic Scenario
5. Enterprise Information Archiving Market Size And Growth
…..
27. Enterprise Information Archiving Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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