According to Future Market Insights, the global enterprise information archiving market size is expected to grow from US$ 6625.3 Mn in 2022 to US$ 26,255.8 Mn in 2032, exhibiting a CAGR of 14.7% throughout the forecast period (2022-2032).
Enterprise information archiving refers to a type of software that can temporarily or permanently store information such as emails, data, texts, or records, across an entire computer system or network. It is generally used to store information for compliance or legal purposes.
Request a Sample of This Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15192
The growing adoption of enterprise information archiving solutions by industries like BFSI, retail, education, healthcare, etc. is a major factor driving growth in the global enterprise information archiving market.
EIA allows organizations to archive their information for a long duration of time and thus helps them to satisfy the need for maintaining records, forensic analysis, company policies, and e-discovery.
Companies generally use enterprise information archiving solutions to archive the information which they don’t need, for e-discovery and litigation, historic references, company compliances, policy, analytics, and decision-making, etc. They invest large amounts in archiving solutions and services,
Apart from this they are also concerned about the safety of the information they store and would prefer EIA systems which have implemented programs and protocols for information security.
Similarly, the growing popularity of cloud based enterprise information solutions is expected to boost the growth of the enterprise information archiving market during the forecast period.
Key Takeaways: Enterprise Information Archiving Market
· By solution, the enterprise information archiving software segment is projected to grow at 15.4% CAGR during the forecast period, generating a revenue of US$ 18111.2 Mn by 2032
· By enterprise size, the small and medium-sized enterprises segment is expected to grow at a CAGR of 15.7% during the forecast period.
· Based on industry, the BFSI segment is estimated to grow at a CAGR of 17.9%, totaling a market valuation of US$ 4021 million by 2032
· The U.S. enterprise information archiving market is likely to grow at a CAGR of 12.2% between 2022 and 2032.
· Amid the growing popularity of cloud-based solutions, the U.K. enterprise information archiving market is set to expand at 18% CAGR throughout the forecast period (2022-2032)
· Enterprise information archiving market in India is forecast to grow a relatively higher CAGR of 19.9% during the assessment period.
Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-15192
According to FMI Analyst, “Companies have the mandatory requirement of archiving information. The purposes for this can be E-discovery and litigation, company compliances or any other operation or decision-making activity that requires past records. New solutions for professional communication are introduced regularly and companies need to archive information of these software, as well as maintain information from the previous software, due to this EIA vendors need to be aware of customer needs and changing trends.”
Increasing Demand to Archive Information for Litigation to Act as a Catalyst for Enterprise Information Archiving Market Growth
With increasing business activities and communication taking place within organizations, it becomes important to archive the information that may not be necessary at that given moment but can regain importance. Legal purposes, maintaining backups, company policies, etc., as well as retrieving the information when requested in an easy and cost-efficient manner are encouraging the deployment of enterprise information archive solutions.
Numerous companies are expected to maintain official records even though they may no longer be in need. The reason for this is E-discovery, litigation, and company compliance. The inability of a company to produce the required documents to the authorities can lead to repercussions. Having the relevant files archived and having them produced for legal purposes can save a company from several negative impacts. This will continue to fuel the adoption of enterprise information archiving solutions across enterprises.
The EIA system can help to meet the demand for required information. It enables the end user to store information for a longer duration of time. By using EIA solutions, companies can easily store and retrieve files and information required for legal purposes such as e-discovery or company compliance.
Enterprise Information Archiving Outlook by Category
By Solution:
- Enterprise Information Archiving Software
- On-Premises
- Cloud
- Services
- Professional Services
- Consulting services
- Archiving services
- Support and Maintenance services
- Disaster and backup services
- Managed Services
By Enterprise Size:
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
By Industry:
- BFSI
- Retail
- IT & Telecom
- Manufacturing
- Healthcare
- Government & Legal
- Healthcare and pharmacy
- Education
- Real estate
- Others
By Application:
- Email Archiving
- File archiving
- Social media archiving
- E-discovery and litigation
- Company compliances
- Monitoring and data loss prevention
- AI and analytics
By Region:
- North America
- Latin America
- Europe
- South Asia and the Pacific
- East Asia
- Middle East and Africa
Report Customization available @
https://www.futuremarketinsights.com/customization-available/rep-gb-15192
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com