Cloud Based Information Governance Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global cloud based information governance market is anticipated to grow at a CAGR of 21.8% during the forecast period (2024-2031). Data security and compliance are essential for organizations to protect their data and adhere to industry regulations and data protection laws. This involves implementing encryption, access controls, and audit trails to ensure data confidentiality and integrity. Additionally, organizations need to effectively manage records, facilitate secure collaboration and file sharing, streamline e-discovery processes, and enforce data lifecycle management. Identity and access management, audit and monitoring, information classification and tagging, risk management, and data governance for analytics are also crucial components of a comprehensive data governance strategy. The market's growth is attributed to growing demand for increasing adoption of SaaS solutions across the globe. The widespread adoption of Software as a Service (SaaS) solutions increases the demand for cloud-based information governance to assure data security and compliance in cloud-hosted applications. For instance, in May 2023, IBM, unveiled IBM Hybrid Cloud Mesh,a SaaS offering that is designed to enable  enterprises to bring management to their hybrid multicloud infrastructure. It provides application connectivity between public and private clouds, allowing modern companies to operate their infrastructure across hybrid multicloud and heterogeneous environments.

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Furthermore, the integration of several data sources into a unified, trustworthy enterprise perspective allows government agencies to access a wide range of information and make sound decisions. Cloud-based solutions enable real-time access to data that improves decision-making. In November 2022, Informatica launched the availability of the Intelligent Data Management Cloud™ (IDMC) platform. The digital transformation in state and local governments enhances citizen service by integrating diverse data sources into a single, trusted enterprise view.

 Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2023-2031
Segment Covered- 

o             By Type

o             By Application

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Includes Broadcom, Inc., Dell International Services India Pvt. Ltd., IBM Corp., Microsoft, Oracle and others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Cloud Based Information Governance Market Report Segment

By Type

Simple Storage and Retrieval
Basic Document Management
Complex Document Management
Functional Applications with Document Storage
Social Networking Applications with Document Storage

By Application  

BFSI
Public Sector
Retail sector
Manufacturing
IT and Telecom
Healthcare
Others (Education, and Telecommunications)

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Company Profiles

Broadcom, Inc.
Commvault Systems, Inc.
Dataguise DgSecure
Dell International Services India Pvt. Ltd.
Egnyte, Inc.'s
Forcepoint™ LLC
Google Cloud Platform (GCP)
Hewlett Packard Enterprise Co.
IBM Corp.
McAfee, LLC.
Microsoft
NetApp, Inc.'s

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