Enterprise Information Archiving Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Israel) Industrial analysis report, Growth Potential, 2021 – 2027
Report ID: GMI4725
Enterprise Information Archiving Market size is expected to witness significant growth during the forecast period due to regulatory compliances during an audit, an increase in data generation, and a reduction in the complexity of maintaining systems. Due to data explosion in recent years, there has been an upsurge in the amount of unstructured data available. This amount of data strains the system and leads to increased complexity in maintaining the systems. enterprise information archiving solutions help enterprises in reducing the stress on IT infrastructure by handling unstructured data efficiently.
Based on component, the enterprise information archiving market is segmented into solutions and services. Solutions are further segmented into email, database, social media, web, and mobile communication. Services are segmented into consulting, system integration, and maintenance. Presently, most of the important documents or critical information is shared over an email. An email archiving solution stores all emails centrally before delivering them to the users. In addition, such solutions also offer eDiscovery, which helps in discovering useful information across vast archives of emails.
Based on deployment model, the market is segmented into cloud and on-premise. The cloud model segment is expected to dominate the enterprise information archiving market due to low-price and high scalability. In the on-premise model, organizations end up over-estimating the storage and use only a part of it, leading to more expenses. The Pay-As-You-Go (PAYG) model in cloud solutions has helped organizations in addressing this issue by paying only for the actual storage used.
Based on end-use, the enterprise information archiving market is segmented into government, education, BFSI, manufacturing, media & entertainment, retail, e-commerce, and IT & telecommunications. The banking & finance industry is a highly regulated industry, where data must be reported and monitored by the institutions to stay compliant and protected with regulations. The regulatory compliance in financial organizations and banks include keeping records and archiving the data of electronic communication. This has led to the increasing use of enterprise information archiving in the industry.
North America is expected to hold the highest share in the region owing to the presence of global players in the market such as Microsoft and IBM. Compliance regulations in the region and technological advancements by major companies in the field of information archiving have led to the growth of the market. For instance, in October 2019, Microsoft Corporation enhanced its archiving system, Exchange Online Archiving that automates all the necessary tasks of archiving.
Leading players in the market are constantly providing new solutions to the existing problems in the market. For instance, in October 2019, Veritas released Enterprise Vault 12.5. The new feature in the version allows enterprises to configure security settings at the SMTP server level, which overrides site-level settings. Dominant players in the enterprise information archiving market are Google LLC, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies, Inc., Veritas Technologies, LLC, Barracuda Networks, Inc., Proofpoint, Inc., Mimecast Services Limited, ZL Technologies, Global Relay Communications Inc., Micro Focus International, OpenText Corporation, Everteam, and Solix Technologies, Inc.
Market by Component, 2015 - 2026 (USD Million)
- Vulnerability Assessment
- Social Media
- Web and Mobile Communication
- System Integration
Market by Deployment, 2015 - 2026 (USD Million)
Market by End-Use, 2015 - 2026 (USD Million)
- Banking Financial Services and Insurance (BFSI)
- IT & Telecommunication
- Media & Entertainment
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Southeast Asia
- Latin America
- South Africa
- Saudi Arabia
- Barracuda Networks, Inc.
- Dell Technologies, Inc.
- Google LLC
- Global Relay Communications Inc.
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Microsoft Corporation
- Micro Focus International
- OpenText Corporation
- Proofpoint, Inc.
- Solix Technologies, Inc.
- Veritas Technologies, LLC
- ZL Technologies
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