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Enterprise Information Archiving Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Enterprise Information Archiving
What Is the Projected Growth of the Enterprise Information Archiving Market?
The market size for enterprise information archiving has seen accelerated expansion of late. The projected growth is from $9.48 billion in 2024 to $10.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.4%. The considerable growth within the historical timeframe is due to the mounting demand for data conservation for business performance and regulatory compliances, enhanced operational proficiency, burgeoning adoption of cost-effective storage methods, compliance-oriented data storage, and heightened concern towards data security and privacy.
Expectations of accelerated expansion are projected for the enterprise information archiving market in the following years. The market is anticipated to soar to $19.73 billion by 2029, with a compound annual growth rate (CAGR) of 16.9%. The surge in this period is ascribed to escalating data retention needs for meeting legal governance stipulations, escalating opportunities in rising nations, the favourable effect of COVID-19 on the worldwide enterprise information archiving market, global increment in the volume of data, and application of technological solutions for the digitalization process. Expected trends within this period encompass integration with collaborative platforms, the use of immutable storage for data preservation, the applicability of blockchain for data integrity, machine learning for content categorization, and the development of hybrid deployment models.
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What Are the Different Enterprise Information Archiving Market Segments?
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 Organization Size: Large Enterprises, SMEs.
4) By Service: Planning And Consulting Services, System Integration, Training And Support Services, Operations And Maintenance Services, Data Migration.
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
Subsegments:
1) By Email: On-premises, Cloud-based
2) By Social Media: Public Social Media Platforms, Private Social Networks
3) By Web: Static Website Archiving, Dynamic Website Archiving
4) By Mobile Communications: SMS Archiving, Instant Messaging Archiving
5) By Database: Structured Data Archiving, Unstructured Data Archiving
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What Are the Primary Drivers Shaping the Enterprise Information Archiving Market?
The anticipated surge in yearly data creation is predicted to bolster the expansion of the enterprise information archiving market. This pertains to digital information stored on computers as well as other data storage technologies like cloud or blockchain. There's a current upsurge in data set sizes like bytes, terabytes, and petabytes. The role of enterprise information archiving solutions is to manage information more efficiently and to meet compliance goals more readily. For example, WP Dev Shed, a webmaster company based in New Zealand, reported that in July 2022, there is a daily generation of 2.5 quintillion bytes of data. The forecast for data usage is to hit 97 zettabytes globally by the conclusion of 2022. Additionally, this data usage trajectory is predicted to continue to rise, reaching 175 zettabytes by 2025. Hence, growing enterprise data volumes are fueling the growth of the enterprise information archiving market.
Which Companies Are Leading in the Enterprise Information Archiving Market?
Major companies operating in the enterprise information archiving market include Atos SE, Barracuda Networks Inc., 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., Microsoft Corporation, International Business Machines Corporation., GFI Software, MailStore Software GmbH, TransVault Limited, Waterford Technologies Inc., ArcMail Technology Inc., Quest Software Inc., Jatheon Technologies Inc., MailArchiva
What Are the Major Trends Shaping the Enterprise Information Archiving Market?
The rise of new technological advancements is a main trend influencing the enterprise information archiving sector. Key players in the field are continuously introducing innovations such as software to stay competitive. For example, in March 2024, US-based firm NICE Actimize, a provider of risk, compliance and financial crime solutions, rolled out ARCHIVE-X. This comprehensive cloud-based solution for communication archiving and record management is custom-made for financial services businesses. Its main objective is to improve regulatory compliance via secure archiving of all sorts of communications like emails, voice, video and chats in one centralized system. The platform provides top-notch data encryption and complies with regulatory norms such as WORM (Write Once, Read Many) archiving, ensuring thus high standards of data safety and accuracy.
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What Are the Top Revenue-Generating Geographies in the Enterprise Information Archiving Market?
North America was the largest region in the enterprise information archiving market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise information archiving market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enterprise Information Archiving Market?
2. What is the CAGR expected in the Enterprise Information Archiving Market?
3. What Are the Key Innovations Transforming the Enterprise Information Archiving Industry?
4. Which Region Is Leading the Enterprise Information Archiving Market?
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