The latest market report published by Credence Research, Inc. “Global Enterprise Information Archiving Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027. The global enterprise information archiving market is growing proficiently, projected to grow at a CAGR of 13.6% during the expected period from 2019 to 2027, starting from US$ 5.00 Bn in 2018.
The Enterprise Information Archiving (EIA) market refers to the industry that specializes in the storage, management, and retrieval of digital data and communications within large organizations. In today's digital age, businesses generate vast amounts of information, including emails, documents, instant messages, and other electronic records. Managing and preserving this data is critical for compliance, regulatory requirements, legal purposes, and overall operational efficiency.
EIA solutions are designed to address the complex and evolving needs of enterprises. They provide a centralized repository where organizations can systematically store, index, and manage their data. This includes features like email archiving, file archiving, and even social media content archiving. EIA solutions often incorporate advanced search and retrieval capabilities, ensuring that organizations can quickly access the information they need, when they need it.
The Enterprise Information Archiving market has experienced significant growth in recent years due to several factors. Firstly, the ever-increasing volume of digital data generated by businesses necessitates robust archiving solutions. Secondly, regulatory compliance requirements, such as GDPR in Europe or HIPAA in the healthcare industry, mandate the retention and accessibility of certain types of data, driving the adoption of EIA solutions. Additionally, the growing awareness of the value of data for analytics and business intelligence has led organizations to invest in archiving systems that not only store data securely but also make it available for analysis.
The Enterprise Information Archiving (EIA) market has been experiencing substantial growth worldwide, driven by several key factors. EIA solutions help organizations efficiently manage and store their digital information, which is critical for compliance, data governance, and knowledge management. Here are the major growth factors contributing to the expansion of the EIA market on a global scale:
Data Compliance and Regulatory Requirements: Evolving data privacy regulations, such as GDPR (General Data Protection Regulation) in Europe and CCPA (California Consumer Privacy Act) in the United States, require organizations to retain and manage their data effectively. EIA solutions help organizations meet these compliance requirements by securely archiving and managing data.
Litigation and eDiscovery Needs: Legal requirements and the potential for litigation make it essential for organizations to retain and easily retrieve historical data. EIA systems assist in preserving data and providing quick access to it during legal proceedings, reducing legal risks and costs.
Data Security and Cybersecurity Concerns: Data breaches and cybersecurity threats are on the rise. EIA solutions provide secure storage and backup of critical data, reducing the risk of data loss due to cyberattacks or accidental deletions.
Business Continuity and Disaster Recovery: EIA solutions play a crucial role in disaster recovery and business continuity planning. They ensure that organizations can recover their data in case of system failures, natural disasters, or other emergencies.
Email Management: Email remains a primary communication tool for businesses. EIA solutions often include email archiving capabilities, helping organizations efficiently store, search, and retrieve emails, which is crucial for compliance and knowledge management.
Browse 247 pages report Enterprise Information Archiving Market By Type (Contents, Services), By Deployment Mode (Cloud, On-premises), By Enterprise Size (Small and Medium Enterprise, Large Enterprise), By End-user (Manufacturing, Government and Defence, Banking and Financial Services, Retail and Commerce, IT and Telecommunication, Others) – Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027- https://www.credenceresearch.com/report/enterprise-information-archiving-market
Enterprise Information Archiving Market Segment Insights
The Enterprise Information Archiving Market has been witnessing significant growth over the past few years, as organizations across various sectors are increasingly recognizing the importance of securely managing their ever-growing volumes of data. This market segment is characterized by a comprehensive range of solutions and services designed to capture, store, preserve, and provide access to large amounts of structured and unstructured information within an enterprise. The demand for efficient archiving systems that ensure compliance with regulatory requirements while optimizing storage costs has propelled the adoption of cloud-based solutions in this market.
Furthermore, technological advancements such as artificial intelligence and machine learning have revolutionized the field by enabling intelligent data classification and automated retention policies. As businesses strive to maintain robust data governance practices and enhance operational efficiency, the Enterprise Information Archiving Market continues to offer innovative solutions tailored to meet specific industry needs. Organizations can expect continued investments in this sector as they recognize its potential in streamlining business processes, mitigating legal risks, improving productivity, and facilitating seamless access to critical information assets.
List of Companies Covered:
· Microsoft
· Hpe
· IBM
· Dell
· Veritas
· Barracuda
· Proofpoint
· Smarsh
· Mimecast
· ZL Technologies
· Global Relay
· Micro Focus
· Opentext
Why to Buy This Report-
· The report provides a qualitative as well as quantitative analysis of the global Enterprise Information Archiving Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
· The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
· Major nations in each region with their import/export statistics
· The global Enterprise Information Archiving Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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