The global enterprise information archiving market size is foreseen to progress from $ 5.7 billion in 2019 to $ 10.8 billion by 2025, at an annual development rate (CAGR) of about 13.5% over the conjecture period between 2020 and 2025.
Enterprise Information Archiving (EIA) is a virtual data repository that stores data on lower cost, low power, high capacity file storage devices such as tape libraries and storage in the cloud, rather than expensive primary storage and it consumes a lot of energy. Data is mainly categorized as structured and unstructured data, where structured data can be called alphabets, numbers, and can be easily processed and stored, while unstructured data can be called email, image, audio, and video files.
Enterprise Information Archive stores inactive corporate data in file storage so that it can be accessed whenever needed. EIA products offer end-users features like single storage, content indexing, and data discovery. The information file enables companies to manage and dispose of information in accordance with regulatory and business requirements. EIA was originally introduced to archive email content, but it has been gradually expanded to include social media and instant messaging content.
Estimates indicate that the data generated by businesses comprises mostly unstructured data, roughly in the range of 70% to 80%, and only 30% to 20% of the data is structured. The business information file stores all kinds of data in file storage and makes it accessible when needed.
Recent Developments:
With the COVID-19 outbreak, the market is likely to grow as the total volume of data around the world grows at a rapid rate. According to Seagate, the data volume is foreseen to touch 149 zettabytes by 2024 from its value of 26 zettabytes in 2017. In addition, companies around the world are adopting technical solutions as part of their digitization process. Hence, promotes the growth of the target market in the coming years.
Market Growth and Trends:
BFSI to maintain the strongest growth in the market
Market Drivers and Restraints:
The growing demand for profitable storage processes, the growing need for data retention to ensure regulatory compliance, and the growing demand for business performance are the factors driving the EIA market. The growth of enterprise information archiving solutions is attributed to the increasing generation of data in organizations attributed to the wide geographic presence and customer base. Factors such as reducing storage costs to archive company information and government mandates to store company information for audit and investigation purposes are further driving market growth.
Different regulatory compliance across the world has made it difficult to archive information for service providers. Modifying the data is not possible once archived would have an impact on the EIA market. Finding unstructured data is difficult because metadata indexing remains a challenge for technology providers. Lack of a standardized product for data types like email, documents and video would further hamper market growth. Restoring the data would require an isolated environment as it could affect current data. Cloud deployment of archived data could present issues such as security, privacy, and limited infrastructure control, while on-premises deployment could lead to high costs and increased theft risk.
Market segmentation:
The global EIA market can be segmented by content type, such as email and social media, among many others. By the type of implementation, the market is separated into on-premises, hosted, and cloud. The on-premises refers to a storage and management location in the company, in the hosted implementation, the files are located in the centers of the service provider and in the cloud segment, cloud storage is used to store the file.
Regional Analysis:
EIA has a strong presence in the North American market, followed by Europe and the Asia-Pacific, due to strict government standards and regulations formulated for various industries and the high rate of adoption of cloud technology.
Key players in the market:
The main players in the global enterprise information archiving market are companies such as Alliance Incorporation, Barracuda Networks Incorporation, Bloomberg LP, Commvault Systems Inc., Global Relay Communications Inc., Google Incorporation, International Business Machine (IBM) Corporation, Microsoft Corporation, Mimecast and Veritas Software Corporation.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Enterprise Information Archiving Market, By Content Type
6.1.1 Email
6.1.2 Social Media
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Enterprise Information Archiving Market, By Implementation Type
6.2.1 On-Premises
6.2.2 Cloud
6.2.3 Hosted
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Content Type
7.2.3 By Implementation Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Content Type
7.3.3 By Implementation Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Content Type
7.4.3 By Implementation Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Content Type
7.5.3 By Implementation Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Content Type
7.6.3 By Implementation Type
8. Key Player Analysis
8.1 Alliance Incorporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Barracuda Networks Incorporation
8.3 Bloomberg LP
8.4 Commvault Systems Inc
8.5 Global Relay Communications Inc
8.6 Google Incorporation
8.7 International Business Machine (IBM) Corporation
8.8 Microsoft Corporation
8.9 Mimecast
8.10 Veritas Software Corporation
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
