Market Overview and COVID-19 Analysis
The global digital vault market is a rapidly growing space, witnessing rapid digital usage turned into an established digital dependency. Digital vaults had been witnessing continually rising revenues before COVID 19 pandemic. However, the pandemic gave a true wake-up call for digital assets, making the security of these assets a major concern.
Especially with intermittent lockdowns across the globe, not only personal uses and social media but also currency, banking, education, businesses, and insurance created a permanent digital space for themselves. With the growing digital usage and internet users, the market is forecasted to grow exponentially during the years ahead.
According to Market Research Future (MRFR), the global digital vault market is poised to reach an exponential valuation by 2027, registering an impressive CAGR throughout the forecast period (2020-2027). Additionally, the immensely growing need for asset management/ data management and rapidly growing numbers of enterprises influence the market growth.
Besides, the market rise attributes to the growing penetration of the internet, and smart and connected devices and cloud-based solutions create substantial market demand, generating an enormous amount of data. The adoption of cloud-based solutions for service virtualization & containerization escalates the market growth.
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Market Segmentation
The global digital vault market has been segmented based on organization size, industry verticals, and components. On the basis of organization size, the market for digital vault is segmented based on SMEs and large enterprises. Additionally, the market on the basis of components, is segmented into privileged account management, IAM, digital asset management, DLP, services. The global market for digital vault is also covered based on industry vertical segment which is further split into BFSI, government and defense, retail and consumer goods.
Factors like growing demand from multiple end-use sectors as well as increasing incidents of cyber attacks on organizations around the world support the digital vault market growth. The performance of the digital vault market has also been studied for the past and current years. Additionally, the digital vault market report provides analysis of these segments. The digital vault market segmental analysis provided in the report offers major details about the digital vault market based on the data and forecasts till 2027.
Regional Overview
Companies in the digital vault market are spread across the world. The digital vault market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American digital vault market has many companies across the United States, Canada, and Mexico. The digital vault market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the digital vault market can be found in the market research report. Europe has companies in the digital vault market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the digital vault market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Analysis
Highly competitive, the digital vault market appears fragmented due to the presence of several well-established players. To gain a substantially larger competitive share, mergers & acquisitions, collaboration, innovation, and expansion remain key trends for these players.
Major Players:
Players active in the global digital vault market include Hitachi (Japan), IBM (US), Micro Focus (UK), Microsoft (US), Cyberark (US), Fiserv (US), Keeper Security (US), Logic Choice (US), TokenEx (US), and Accruit (US), among others.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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Digital Vault Market Research Report, By Component (Privileged Account Management, IAM, Digital Asset Management, DLP, Services), Organization Size, Industry Vertical (BFSI, Government and Defense, retail and consumer goods) - Global Forecast till 2027Market HighlightsGlobally, the digital vault market is expected to have significant growth over the forecast period.
Fast development in the ICT industry and increasing digitalization across the globe have triggered the need for advanced cybersecurity solutions, which is a major driving factor for the digital vault market.
However, less security spending and availability of various alternate cybersecurity solutions are restraining growth of the market.In this study, the multi-vendor support services market is segmented based on component, organization size, industry vertical, and regions/country.
By organization size, the market is segmented into large enterprises and Small and Medium-sized Enterprises (SMEs).On the basis of industry vertical, the market is segmented into Banking, Financial Services, and Insurance (BFSI), government and defense, media and entertainment, retail and consumer goods, telecom and IT, educatioin, healthcare, and others.
Finally, the regions covered in this study are North America- US, Canada, and Mexico; Europe- Germany, France, the UK, and the rest of Europe; Asia-Pacific- China, India, Japan, and the rest of Asia-Pacific; and the rest of the world, which includes Middle East and Africa and Latin America.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7234Key Players:The prominent players in digital vault market are IBM (US), Hitachi (Japan), Micro Focus (UK), Cyberark (US), Microsoft (US), Fiserv (US), Logic Choice (US), Keeper Security (US), Accruit (US), and TokenEx (US).Regional AnalysisThe global market for global digital vault is estimated to grow at a significant rate during the forecast period from 2018 to 2023.
The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.North America is presumed to have moderate growth in the digital vault market.
