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The latest report by IMARC, titled “ EnterpriseInformationArchivingMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunitya ndForecast2023-2028
” finds that the global enterprise information archiving market size reached US$ 7.4 Billion in 2022.
Enterprise information archiving (EIA) is a software that combines solutions and products to manage user messaging content, such as instant messaging (IM), e-mail, short message service (SMS), and social media data. It also helps organize business social media data in storing enterprise file synchronization and sharing (EFSS) data, different files, and website and voice content. The data is stored in archive storage, which can be accessed anywhere regardless of the time and location. As a result, EIA is being utilized by various enterprises to manage complex data and information and achieve compliance goals.
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Due to the rapid expansion of businesses globally, the volume of data is increasing at a faster pace, which is escalating the demand for EIA solutions. In addition, with the rising incidences of data breaches, enterprises are relying on these solutions to safeguard crucial data against corruption and theft. This, coupled with the growing utilization of EIA solutions in the healthcare industry, is positively influencing the market growth. Besides this, due to the growing use of online banking services, various banks and financial organizations are adopting EIA for managing electronic communication data.
Furthermore, the emergence of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), the introduction of multipurpose EIA solutions with automated tools, and the implementation of various regulatory standards mandating the data to be stored in a secure, tamper-proof format are some of the other factors creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 16.0 Billion by 2028, expanding at a CAGR of 13.6% during the forecast period (20232028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyType:
• Content Types
• Database
• Social Media
• Instant Messaging
• Web
• Mobile Communication
• File and Enterprise File Synchronization and Sharing (EFSS)
• Services
• Consulting
• System Integration
• Training, Support and Maintenance
BreakupbyDeploymentMode:
• On-premises
• Cloud-based
BreakupbyEnterpriseSize:
• Small and Medium-sized Enterprises
• Large Enterprises
BreakupbyEndUser:
• BFSI
• Government and Defense
• Healthcare and Pharmaceutical
• Retail and E-Commerce
• Manufacturing
• Others
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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
• ZL Technologies Inc.
ViewFullReportwithTOC&ListofFigure:
https://www.imarcgroup.com/enterprise-information-archiving-market
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