Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Enterprise Information Archiving Market size is expected to reach $17.1 billion by 2028, rising at a Market growth of 15.1% CAGR during the forecast period.
The Content segment acquired maximum revenue share in the Global Enterprise Information Archiving Market by Component 2021, thereby, achieving a Market value of $12.8 billion by 2028. Various industries seek archiving solutions from enterprise information archiving solution providers based on their content types. Structured and unstructured data created by an enterprise's IT infrastructure are among the content categories. Email, database, social media, instant messaging, online, mobile communication, and file and EFSS are among the content kinds for which enterprise information archiving companies provide solutions.
The Government & Defense segment is showcasing a CAGR of 15.4% during (2022 - 2028). Enterprise information archiving (EIA) solutions are developed to archive data sources to a centralized platform in order to meet information governance requirements, such as regulatory and/or corporate governance and privacy; enhance data accessibility; surface new data insights, and improve operational efficiencies. This Market has a number of fundamental competencies.
The On-premise segment is leading the Global Enterprise Information Archiving Market by Deployment Type 2021, thereby, achieving a Market value of $9.3 billion by 2028. It is growing as a result of the ownership of private individual data and the digital rights management connected with private individuals' digital assets, such as payment information. The on-premises deployment strategy of the enterprise information archiving greatly reduces turnaround time and query processing time. Due to the criticality and secrecy involved in analyzing various data types generated by businesses, on-premises deployment is the most trustworthy deployment strategy when it comes to enterprise information archiving. To reduce the cost of troubleshooting the system in the event of a single point of failure as well as security issues related to consumer data, most firms prefer private individual data to be stored on servers and mainframes physically placed in the enterprise.
The Small & Medium Enterprises Market has shown growth rate of 16.7% during (2022 - 2028). Due to the cloud deployment of enterprise information archiving, small and medium enterprises are adopting the information archiving software and services at an increasing rate.
North America is the fastest growing region in the dominated the Global Enterprise Information Archiving Market by Region 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $6.1 billion by 2028. The Europe Market is estimated to witness a CAGR of 14.6% during (2022 - 2028). Additionally, The Asia Pacific Market would exhibit a CAGR of 15.7% during (2022 - 2028).
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, Hewlett-Packard Enterprise Company, IBM Corporation, Google LLC, Dell Technologies, Inc., Barracuda Networks, Inc. (Thoma Bravo), Veritas Technologies LLC (The Carlyle Group), Proofpoint, Inc., Mimecast Limited, and Smarsh, Inc.
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