USD 6.40 billion
Report ID:
SQMIG45A2348 |
Region:
Global |
Published Date: November, 2024
Pages:
194
|Tables:
118
|Figures:
75
Enterprise Information Archiving Market size was valued at USD 7.37 Billion in 2023 and is poised to grow from USD 8.49 Billion in 2024 to USD 26.35 Billion by 2032, growing at a CAGR of 15.2% during the forecast period (2025-2032).
Enterprise information archiving solutions and software are used to archive data from enterprises generated through emails, social platforms, and public forums as well. Growing demand for information governance and rising emphasis on resource optimization are forecasted to be key factors driving the demand for enterprise information archiving over the coming years. The imposition of strict legal and data compliance regulations around the world is also estimated to favor the adoption of enterprise information archiving in the long term. However, lack of awareness and complexities in the integration of enterprise information archiving with legacy infrastructure are slated to hinder market development going forward.
Global Market Size
USD 6.40 billion
Largest Segment
Cloud
Fastest Growth
On-premise
Growth Rate
15.2% CAGR
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Global Enterprise Information Archiving Market is segmented by type, deployment mode, enterprise size, end user and region. Based on type, the market is segmented into content types (database, email, social media, instant messaging, web, mobile communication, file, enterprise file synchronization and sharing) and services (consulting, system integration, training, support and maintenance). Based on deployment mode, the market is segmented into on-premises and cloud. Based on enterprise size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. Based on end user, the market is segmented into government and defense, banking, financial services, and insurance (BFSI), healthcare and pharmaceutical, retail and e-commerce, manufacturing, media and entertainment, education, others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Organization Size
Large enterprises are forecasted to account for a major share of the global enterprise information archiving demand outlook. Deployment of various tools and services by large enterprises to manage their information and data creates high demand for enterprise information archiving in this segment. Growing volume of structured and unstructured data in these enterprises will also boost enterprise information archiving adoption.
Meanwhile, the demand for enterprise information archiving in small and medium enterprises (SMEs) is estimated to rise at a robust CAGR going forward. Rising number of SMEs and their increasing efforts to maintain compliance with regulations will promote the adoption of enterprise information archiving in this segment throughout the forecast period.
Analysis by Deployment Model
Demand for cloud-based enterprise information archiving is anticipated to surge at a rapid pace over the coming years and currently accounts for the highest market share as well. High affordability and no significant upfront investments are key features of cloud-based enterprise information archiving that allow it to dominate the market. Large enterprises as well as SMEs are boosting the demand for enterprise information archiving around the world.
On-premise enterprise information archiving is slated to hold the second-largest market share. Increasing number of organizations wanting to store their data in an in-house facility will promote the adoption of enterprise information archiving solutions and services in the future.
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North America is estimated to hold a major chunk of the global enterprise information archiving market. High use of enterprise information archiving solutions and services across industry verticals such as government & defense, IT & telecom, media, banking, and finance allows this region to dominate the global market. Growing volume of data and increasing migration towards cloud platforms is also slated to bolster the demand for enterprise information archiving over the coming years. The United States is estimated to maintain its position as the leading market for enterprise information archiving in North America through 2031.
The Asia Pacific region is estimated to emerge as the fastest-expanding market in the world for enterprise information archiving providers in the future. Rapid digital transformation and growing need for enterprise data retention are key factors promoting the demand for enterprise information archiving in this region. China, Japan, and India are slated to be highly opportune markets for enterprise information archiving companies in the Asia Pacific. High investments in healthcare infrastructure development and growing volume of healthcare data are also slated to boost the adoption of enterprise information archiving going forward.
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Drivers
Launch of Data Management and Governance Initiatives
Regulatory Compliance Norms
Restraints
Issues in Legacy System Integration
Data Security Concerns
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Enterprise information archiving providers should focus on improving their compliance with different data privacy and security regulations to boost their sales potential. Companies can also focus on providing information governance with information archiving services to improve their revenue generation and stand out from the competition in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing emphasis on information governance and imposition of stringent regulations mandating the use of enterprise information archiving are projected to bolster market growth over the coming years. On the contrary, issues in integration with legacy systems and infrastructure are slated to impede enterprise information archiving demand outlook going forward. North America is projected to account for a major chunk of the global enterprise information archiving market share owing to high use of enterprise information archiving solutions in different industry verticals. Enterprise information archiving companies should focus on developing cloud-based solutions to maximize their sales revenue in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.37 Billion |
Market size value in 2032 | USD 26.35 Billion |
Growth Rate | 15.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Enterprise Information Archiving Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enterprise Information Archiving Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enterprise Information Archiving Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Enterprise Information Archiving Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2348
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