IMARC Group, a leading market research company, has recently releases report titled “Enterprise Information Archiving Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global enterprise information archiving market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Enterprise Information Archiving Market?
The global enterprise information archiving market size reached US$ 7.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.
Enterprise information archiving (EIA) refers to a software that uses numerous methods to store structured and unstructured data. It combines products and solutions for managing user messaging content, such as short message service (SMS), instant messaging (IM), and electronic mail (email). It helps organize social media data, such as voice, website content, and files, stored in enterprise file synchronization and sharing (EFSS) platforms for compliance or legal purposes. It also assists in operational efficiencies, improves data accessibility, enhances productivity, and provides insight with instant access to archived files and email. As a result, enterprise information archiving (EIA) is widely adopted in banking, financial, services, and insurance (BFSI), healthcare, defense, government, e-commerce, manufacturing, and retail sectors across the globe.
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What are the growth prospects and trends in the enterprise information archiving industry?
The market is primarily driven by the significant expansion in commercial sectors leading to the escalating demand for data retention for business performance and regulatory compliance. Moreover, the growing instances of data breaches are encouraging small and medium-sized enterprises (SMEs) to rely on EIA to protect data against loss, security threats, and corruption, representing another major growth-inducing factor.
Besides this, various technological advancements, such as the incorporation of artificial intelligence (AI), and rising investments in digital transformation leading to the increasing use of online banking services that generate huge amounts of financial data and archived electronic communication data, are providing a positive thrust to the market growth.
Along with this, the growing inclination toward m-health services is escalating the demand for EIA in the healthcare sector to address storage bloat and infrastructure costs. Furthermore, increasing mergers and acquisitions (M&A) and extensive research and development (R&D) activities conducted by key players to meet consumer demand are also creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Content Types
- Social Media
- Instant Messaging
- Mobile Communication
- File and Enterprise File Synchronization and Sharing (EFSS)
- System Integration
- Training, Support and Maintenance
Breakup by Deployment Mode:
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End User:
- Government and Defense
- Healthcare and Pharmaceutical
- Retail and E-Commerce
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Atos SE, Barracuda Networks Inc., Global Relay Communications Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Micro Focus International plc, Microsoft Corporation, Mimecast Services Limited, Proofpoint Inc., Smarsh Inc., Veritas Technologies LLC and ZL Technologies Inc.
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