Enterprise Information Archiving Market
Enterprise Information Archiving Market Size, Share & Trends Analysis Report by Type (Software and Service), by Deployment Mode (On-premises, and Cloud) by Organization Size (Small & Medium Size Enterprises, and Large Enterprises), and by (Aerospace & Defense, BFSI, Retail and E-commerce, Healthcare, Manufacturing, IT and Telecommunications, and Others) Forecast Period (2024-2031)
Enterprise information archiving market is anticipated to grow at a significant CAGR of 11.6% during the forecast period (2024-2031). Organizations continuously adopt archiving solutions for cost efficiency, digital transformation, regulatory compliance, data security, cloud adoption, and growing volumes of data. This handles data security, and lifecycle management of data, assists with GDPR, HIPAA, CCPA, and more, and makes available precise access to e-discovery procedures.
Market Dynamics
Exponential Data Growth
The rapid expansion of digital data necessitates scalable solutions for efficient data archiving and preservation within organizations. Approximately 400 million terabytes of data are created each day. Big data will continue to grow at a rapid pace attributed to growing artificial intelligence (AI) and Internet of Things (IoT) initiatives. Start-ups are launching enterprise data archiving systems to manage digital data. For instance, in January 2024, Preservica introduced a new enterprise digital preservation solution designed to satisfy the rigorous compliance and scalability requirements of government agencies, businesses, academic archives, and libraries. It provides support for more security and digital preservation, automated services through sophisticated metadata management, high-performance ingest, and an easy integration of AI and machine learning tools.
Market Segmentation
- Based on the type, the market is segmented into software and service.
- Based on the deployment mode, the market is segmented into on-premise and cloud.
- Based on the organization size, the market is segmented into small & medium size enterprises and large enterprises.
- Based on the vertical, the market is segmented into aerospace & defense, BFSI, retail and e-commerce, healthcare, manufacturing, it and telecommunications, and others (government, media & entertainment, education).
The BFSI Segment is projected to Hold the Largest Market Share
To meet RBI requirements, banking sectors need efficient data archiving solutions to ensure and manage financial data safely, thus contributing to increased industry growth. According to the India Brand Equity Foundation, as of July 2024, the Indian banking system comprises 12 public, 21 private, 44 foreign, and 12 small finance banks as of July 2024. As of April 2024, there are 17,36,972 micro-ATMs, 1,26,593 on-site ATMs, and 91,826 off-site ATMs in the country. Digital payments are expected to grow at 65.0% in 2026. Public sector banks held 58.3% of total banking assets in 2023. Indian digital lending is likely to be over $720.0 billion in 2030.
Cloud Segment to Hold a Considerable Market Share
Cloud-based enterprise information archiving solutions provide low-cost and scalable data management, which further promotes growth based on the reduction in costs for infrastructure, enhanced security, and better access. In August 2024, Alibaba Cloud introduced a new pricing plan, under which customers from other countries will save up to 59.0% on the most necessary public cloud products: big data, databases, networks, storage, and computation. Using the results of the new OSS-Resource plan, customers can purchase storage capacity for a whole year, which may bring big data and database price savings.
Regional Outlook
The global enterprise information archiving market is further segmented based on geography including North America (the US, and Canada), Asia-Pacific (India, China, Japan, South Korea, and the Rest of Asia-Pacific), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).
Growth Opportunities in the Asia-Pacific Region
Data archiving is gaining importance as internet and mobile usage increases with the growing need for data in industries. According to the Government of India, in August 2024, growths in the digital ecosystem are being backed up by initiatives under schemes like Digital India, Make in India, and Startup India. These encourage the adoption of digital technologies in the industries of health, education, and agriculture, among others. Internet and smartphone penetration are also growing strongly. Internet user population to touch 800 million by 2023, while the mobile wallet user base will reach 900 million by 2025.
Global Enterprise Information Archiving Market Growth by Region 2024-2031
North America Holds Major Market Share
The growing demand for safe and encrypted archiving solutions to deal with the increasing threat of data breaches and cyberattacks. For instance, in June 2023, Accenture Federal Services was awarded a $329.0 million prime contract to manage an all-inclusive information assurance and privacy program on behalf of the United States Agency for International Development, USAID, offering services ranging from risk and compliance support, incident management, threat intelligence, and cyber awareness training.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the enterprise information archiving market include SAP SE, Dell Inc., IBM Corp., Commvault Systems, Inc., Microsoft Corp., and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Developments
- In February 2022, Smars acquired Micro Focus's Digital Safe product line, which improves its capabilities in archiving, compliance, and e-discovery. The acquisition provides unified search, surveillance, discovery, and analytic insights, enabling customers in regulated sectors like financial services and government to derive more value from their compliance archives.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global enterprise information archiving market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. IBM Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Microsoft Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. SAP SE
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Enterprise Information Archiving Market by Type
4.1.1. Software
4.1.2. Service
4.2. Global Enterprise Information Archiving Market by Deployment Mode
4.2.1. On-Premises
4.2.2. Cloud
4.3. Global Enterprise Information Archiving Market by Organization Size
4.3.1. Small & Medium Size Enterprises
4.3.2. Large Enterprises
4.4. Global Enterprise Information Archiving Market by Vertical
4.4.1. Aerospace & Defense
4.4.2. BFSI
4.4.3. Retail and E-commerce
4.4.4. Healthcare
4.4.5. Manufacturing
4.4.6. IT and Telecommunications
4.4.7. Others (Government, Media & Entertainment, Education)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Archive360.
6.2. Barracuda Networks, Inc.
6.3. Blancco Technology Group Ltd.
6.4. Bloomberg L.P.
6.5. Commvault Systems, Inc.
6.6. Global Relay Communications Inc.
6.7. Jatheon Technologies Inc.
6.8. Mimecast Services Ltd.
6.9. Open Text Corp.
6.10. Proofpoint, Inc.
6.11. Smarsh Inc.
6.12. Solix Technologies, Inc.
6.13. Veritas Technologies LLC
6.14. Zix Corp.
6.15. ZL Technologies, Inc.
1. Global Enterprise Information Archiving Market Research And Analysis By Type, 2023-2031 ($ Million)
2. Global Enterprise Information Archiving Software Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Enterprise Information Archiving Service Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Enterprise Information Archiving Market Research And Analysis By Deployment Mode, 2023-2031 ($ Million)
5. Global On-Premises Enterprise Information Archiving Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Cloud Enterprise Information Archiving Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Enterprise Information Archiving Market Research And Analysis By Organization Size, 2023-2031 ($ Million)
8. Global Enterprise Information Archiving For Small & Medium Size Enterprises Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Enterprise Information Archiving For Large Enterprises Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Enterprise Information Archiving Market Research And Analysis By Vertical, 2023-2031 ($ Million)
11. Global Enterprise Information Archiving For Aerospace & Defense Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Enterprise Information Archiving For BFSI Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Enterprise Information Archiving For Retail and E-commerce Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Enterprise Information Archiving For Healthcare Market Research And Analysis By Region, 2023-2031 ($ Million)
15. Global Enterprise Information Archiving For Manufacturing Market Research And Analysis By Region, 2023-2031 ($ Million)
16. Global Enterprise Information Archiving For IT and Telecommunications Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global Enterprise Information Archiving For Other Vertical Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global Enterprise Information Archiving Market Research And Analysis By Region, 2023-2031 ($ Million)
19. North American Enterprise Information Archiving Market Research And Analysis By Country, 2023-2031 ($ Million)
20. North American Enterprise Information Archiving Market Research And Analysis By Type, 2023-2031 ($ Million)
21. North American Enterprise Information Archiving Market Research And Analysis By Deployment Mode, 2023-2031 ($ Million)
22. North American Enterprise Information Archiving Market Research And Analysis By Organization Size, 2023-2031 ($ Million)
23. North American Enterprise Information Archiving Market Research And Analysis By Vertical, 2023-2031 ($ Million)
24. European Enterprise Information Archiving Market Research And Analysis By Country, 2023-2031 ($ Million)
25. European Enterprise Information Archiving Market Research And Analysis By Type, 2023-2031 ($ Million)
26. European Enterprise Information Archiving Market Research And Analysis By Deployment Mode, 2023-2031 ($ Million)
27. European Enterprise Information Archiving Market Research And Analysis By Organization Size, 2023-2031 ($ Million)
28. European Enterprise Information Archiving Market Research And Analysis By Vertical, 2023-2031 ($ Million)
29. Asia-Pacific Enterprise Information Archiving Market Research And Analysis By Country, 2023-2031 ($ Million)
30. Asia-Pacific Enterprise Information Archiving Market Research And Analysis By Type, 2023-2031 ($ Million)
31. Asia-Pacific Enterprise Information Archiving Market Research And Analysis By Deployment Mode, 2023-2031 ($ Million)
32. Asia-Pacific Enterprise Information Archiving Market Research And Analysis By Organization Size, 2023-2031 ($ Million)
33. Asia-Pacific Enterprise Information Archiving Market Research And Analysis By Vertical, 2023-2031 ($ Million)
34. Rest Of The World Enterprise Information Archiving Market Research And Analysis By Region, 2023-2031 ($ Million)
35. Rest Of The World Enterprise Information Archiving Market Research And Analysis By Type, 2023-2031 ($ Million)
36. Rest Of The World Enterprise Information Archiving Market Research And Analysis By Deployment Mode, 2023-2031 ($ Million)
37. Rest Of The World Enterprise Information Archiving Market Research And Analysis By Organization Size, 2023-2031 ($ Million)
38. Rest Of The World Enterprise Information Archiving Market Research And Analysis By Vertical Size, 2023-2031 ($ Million)
1. Global Enterprise Information Archiving Market Share By Type, 2023 Vs 2031 (%)
2. Global Enterprise Information Archiving Software Market Share By Region, 2023 Vs 2031 (%)
3. Global Enterprise Information Archiving Service Market Share By Region, 2023 Vs 2031 (%)
4. Global Enterprise Information Archiving Market Share By Deployment Mode, 2023 Vs 2031 (%)
5. Global On-Premises Enterprise Information Archiving Market Share By Region, 2023 Vs 2031 (%)
6. Global on Cloud Enterprise Information Archiving Market Share By Region, 2023 Vs 2031 (%)
7. Global Enterprise Information Archiving Market Share By Organization Size, 2023 Vs 2031 (%)
8. Global Enterprise Information Archiving For Small & Medium Size Enterprises Market Share By Region, 2023 Vs 2031 (%)
9. Global Enterprise Information Archiving For Large Enterprises Market Share By Region, 2023 Vs 2031 (%)
10. Global Enterprise Information Archiving Market Share By Vertical, 2023 Vs 2031 (%)
11. Global Enterprise Information Archiving For Aerospace & Defense Market Share By Region, 2023 Vs 2031 (%)
12. Global Enterprise Information Archiving For BFSI Market Share By Region, 2023 Vs 2031 (%)
13. Global Enterprise Information Archiving For Retail and E-commerce Market Share By Region, 2023 Vs 2031 (%)
14. Global Enterprise Information Archiving For Healthcare Market Share By Region, 2023 Vs 2031 (%)
15. Global Enterprise Information Archiving For Manufacturing Market Share By Region, 2023 Vs 2031 (%)
16. Global Enterprise Information Archiving For IT and Telecommunications Market Share By Region, 2023 Vs 2031 (%)
17. Global Enterprise Information Archiving For Other Vertical Market Share By Region, 2023 Vs 2031 (%)
18. Global Enterprise Information Archiving Market Share By Region, 2023 Vs 2031 (%)
19. US Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
20. Canada Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
21. UK Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
22. France Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
23. Germany Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
24. Italy Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
25. Spain Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
26. Rest Of Europe Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
27. India Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
28. China Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
29. Japan Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
30. South Korea Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
31. Rest Of Asia-Pacific Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
32. Latin America Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
33. Middle East And Africa Enterprise Information Archiving Market Size, 2023-2031 ($ Million)
