According to a market research report "Enterprise Information Archiving Market by Content Type (Email, Social Media, and Others), Service, Deployment Type, End User, Industry Application (BFSI, Life Science and Healthcare, and Others), and Region - Global Forecast and Analysis to 2020", is expected to grow from USD 4.31 Billion in 2015 to USD 7.55 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 11.8%.
Demand for cost-effective storage solutions for inactive enterprise data, need for data retention to meet the legal and corporate governance requirements, and demand for high performance of business processes are the major factors driving the enterprise information archiving market. Furthermore, the market is expected to be driven by opportunities such as new scalable and cost-effective archiving through cloud and development of applications for intelligent archiving of enterprise data and emerging potential markets.
Key Enterprise Information Archiving Market Players
The major vendors in the enterprise information archiving market, such as Microsoft, IBM, Hewlett-Packard Enterprise, Veritas, Barracuda, Mimecast, Smarsh, Proofpoint, Google, Gwava, Global Relay, Commvault, ZL Technologies, and Bloomberg, are covered in the report. A detailed analysis of key industry players has been done to provide their business overview, products and services, key strategies, and recent developments associated with the enterprise information archiving market.
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Cloud deployment to play a key role in the enterprise information archiving market
The deployment of enterprise information archiving applications on cloud has been an upward trend. The cloud deployment market share is expected to increase rapidly since most of the firms are rapidly transforming themselves from brick to click models. The robust and scalable nature of cloud infrastructure makes it easy to analyze large datasets in real time and at a fast response time.
North America and Europe to be the largest markets of enterprise information archiving till 2020
The geographic analysis of the enterprise information archiving market mainly delves into the division of content type, end user, deployment type, and industry types across five major regional segments, namely North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). North America is expected to be the lead in the adoption and implementation of enterprise information archiving applications, followed by Europe and APAC.
North America is rapidly adopting the latest technological advancements, such as cloud and mobile, within traditional enterprise information archiving solutions. The major growth driver for this region is the rigorous government standards and regulations framed for various industries. APAC is also witnessing a record growth in demonstrating and adopting enterprise information archiving solutions.
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