The global enterprise information archiving market size reached US$ 7.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.
Enterprise information archiving (EIA) software is designed to store both structured and unstructured data using a variety of techniques. It includes solutions for managing messaging content, such as SMS, IM, and email, and can also organize social media data and files stored in enterprise file synchronization and sharing (EFSS) platforms for compliance and legal purposes. EIA solutions help increase operational efficiencies, improve data accessibility, enhance productivity, and provide valuable insights by enabling instant access to archived files and email. Due to these benefits, EIA is widely adopted across various industries including banking, finance, insurance, healthcare, defense, government, e-commerce, manufacturing, and retail around the world.
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Enterprise Information Archiving Market Trends and Drivers:
The market is primarily driven by the significant expansion in commercial sectors leading to the escalating demand for data retention for business performance and regulatory compliance. Moreover, the growing instances of data breaches are encouraging small and medium-sized enterprises (SMEs) to rely on EIA to protect data against loss, security threats, and corruption, representing another major growth-inducing factor.
Besides this, various technological advancements, such as the incorporation of artificial intelligence (AI), and rising investments in digital transformation leading to the increasing use of online banking services that generate huge amounts of financial data and archived electronic communication data, are providing a positive thrust to the market growth.
Along with this, the growing inclination toward m-health services is escalating the demand for EIA in the healthcare sector to address storage bloat and infrastructure costs. Furthermore, increasing mergers and acquisitions (M&A) and extensive research and development (R&D) activities conducted by key players to meet consumer demand are also creating a favorable market outlook.
Global Enterprise Information Archiving Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and ZL Technologies Inc.
The report has segmented the market on the basis of region, type, deployment mode, enterprise size and end user.
Breakup by Type:
Content Types
Database
E-mail
Social Media
Instant Messaging
Web
Mobile Communication
File and Enterprise File Synchronization and Sharing (EFSS)
Services
Consulting
System Integration
Training, Support and Maintenance
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Enterprise Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by End User:
BFSI
Government and Defense
Healthcare and Pharmaceutical
Retail and E-Commerce
Manufacturing
Others
Breakup by Region:
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
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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