Key Market Insights
“Growing impact of disruptive technologies to increase adoption of enterprise information archiving solutions will boost the market”
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.
In recent years, the size of useful data in an organization has increased tremendously to zettabytes (one billion terabytes) with majority being unstructured data. The organizations need to manage this huge amount of data which can be done with the support of EIA. EIA would enable the organizations with regulatory compliance for data retention, increased operational productivity, authorized access to information and cost reduction for data backup. Rising demand for cost effective storage processes, increasing need for data retention for regulatory compliances and increasing demand for business performance are the factors driving the EIA market. Different regulatory compliances across globe has made information archiving difficult for the service providers. Modification of data is not possible once it is archived would have an impact on EIA market. Searching of unstructured data is difficult as indexing of metadata is still a challenge for the technology providers. Absence of standardized product for data types such as e-mail, documents and video would further hinder the growth of market. Restoration of data would require an isolated environment as it could affect the current data. Cloud deployment of the archived data could have issues such as security, privacy and limited control of infrastructure whereas on-premise deployment could lead to high cost and increased theft risk.
Market Synopsis
Enterprise Analysis
“Rising potential markets to provide high-growth for data storage will drive the demand for enterprise information archiving globally”
The adoption of enterprise information archiving solutions among large enterprises is higher, owing to the increased generation of data, which is attributed to the widespread geographical presence and customer base. There is an increasing demand for enterprise information archiving solutions. These solutions optimize the storage information resources, lower the risks, improve enterprise efficiency, and maintain transparency of the enterprise. Additionally, these solutions reduce the risks associated with enterprise information recovery during disasters. They also improve the process of information retrieval requested from the user’s end.
Regional Analysis
“Dominance is led by rising IT industries coupled with intensifying government mandates and investments towards record storage to drive the market growth.”
North America is expected to hold the largets market size of the enterprise information archiving market. The region has been the most forward region in adopting enterprise information archiving solutions. This region has been extremely responsive toward adopting the latest technological advancements, such as integration technologies with Artificial Intelligence (AI), cloud, and mobile technologies within traditional enterprise information archiving solutions. The major growth driver for this region is the presence of rigorous government standards and regulations framed for various industries. In specific, the U.S. and Canada are quickly embracing business information file storage alternatives as there are significant advances in the region's digital techniques, leading to the implementation of fresh and stringent electronic information laws.
List of Companies Covered:
Key Industry Development:
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
ATTRIBUTE | DETAILS |
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Research Period | 2017-2027 |
Base Year | 2018 |
Forecast Period | 2019-2027 |
Historical Year | 2017 |
Unit | USD Billion |
Segmentation |
Type (2017–2027; US$ Bn) |
Deployment Mode (2017–2027; US$ Bn) |
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Enterprise Size (2017–2027; US$ Bn) |
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End-user (2017–2027; US$ Bn) |
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Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall enterprise information archiving market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report