Report Overview:
Archival data storage is a form of storage designed for data which is not needed at present but needs to be stored so that it can be retrieved in the future, if necessary. Usually, backup systems often allow for archiving records. Corporates and government organizations of various countries have started to understand the value of a secure long-term archival storage policy for their sensitive data records. However, sectors such as BFSI and healthcare that use insurance record management and medical imaging have a long tradition of electronic archival storage. Other sector companies have also started to adopt archival data storage to save their data for the long term.
This report provides a deep insight into the global Archival Data Storage market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
Market Value:
The global Archival Data Storage Market was valued at US$ 7.96 billion in 2023 and is predicted to reach US$ 15.34 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period (2023-2030).
CAGR of 10.1% (2024 – 2030)
