Market Leadership – Digital Vault Market | MarketsandMarkets

Digital Vault Market is expected to grow $892 million by 2023

Scope of The Report The research report categorizes the Digital Vault Market to forecast the revenues and analyse the trends in each of the following subsegments:

By Components • Software • Services

By Services

By Organization Size • •

Large enterprises Small and medium enterprises

• • • •

Consulting Design and implementation Support and maintenance Managed services

And More…

Key Segments 1

Major growth factors for the market include increasing regulations and compliances to protect sensitive data, and rising concerns for protecting data from connected devices.

2

The BFSI industry vertical is a major adopter of digital vault solutions due to the highly sensitive financial data.

3 4 5

Consulting services provide a set of services based on the service providers product portfolio as well as third-party product offerings.

Consulting services help organizations to understand the need and implementation of solutions. It also provides a robust model of solutions to help clients achieve their strategic goals.

The digital vault solutions protect data using multiple security layers, including firewall, data access control, and end-to-end encryption.

Market Growth Rate 2018

Market Size of $ 471 million

CAGR

2023

13.6%

Market Size of $ 892 million

Key Vendors Major Players • Johnson Controls (Ireland) • CyberArk (US) • IBM (US) • Oracle (US) • Hitachi (Japan) • And More

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Major Regions • North America • Europe • APAC • MEA • Latin America  North America is expected to hold the largest market share.  Asia Pacific (APAC) is expected to provide opportunities for debt collection software providers and grow at the highest CAGR

Key Questions Addressed by the Report: • • • • •

Where will all these developments take the industry in the mid to long term?

What are the upcoming industry applications for the digital vault market?

Which are the major factors expected to drive the market in near future?

Which region would offer a higher growth for the vendors in the market?

Which service would account for the highest market share in the market?

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