Global Enterprise Information Archiving Market

Enterprise Information Archiving Market Insights

Enterprise information archiving is a virtual platform that provides for storage of data of high capacity with less cost, structured manner, and low power consuming of storage devices replacing costly and more power-consuming storages. The rising usage of data across organizations and its widespread application for geographical and consumer database has led to the growth of the enterprise archiving market. EIA products offer features such as content indexing, content form data reduction, retention management, and at least simple e-discovery and classification tools; Moderately dilated to include services to social media and instant messaging. It also enables the companies and organizations to arrange and manage information in accordance with the requirement and business norms. Furthermore, high-quality archiving solutions have advanced search and legal holding capabilities that allow secure eDiscovery and compliance in regulated industries and beyond with various laws and regulations.

Enterprise Information Archiving Market: By Type

Based on the type of EIA platform, the market is segmented into content-type and service-type. The content-type is further segregated into file & enterprise file synchronization & sharing (EFSS), email, social media, database, web, instant messaging, and mobile communication. On the other hand, the service-type segment is further split into system integration, training support & maintenance, and consulting.

Enterprise Information Archiving Market: By Organization Size

The large enterprise segment holds the largest market share during the forecast period. The acceptance of enterprise information archiving solutions by large organizations is higher due to the growing data collection, which is attributable to the vast geographic reach and customer base. Moreover, these solutions leverage the resources for storing information, reduce costs, enhance business efficiency, and ensure the company's transparency.

Enterprise Information Archiving Market: By End User

Based on end-user, the users of EIA technology are government and defense, BFSI, education and research, manufacturing, retail and eCommerce, healthcare and pharmaceutical, media and entertainment, IT and telecommunications, among others. BFSI, the leading vertical segment, is estimated to expand to a substantial CAGR in 2021. As the application of enterprise information archiving helps in cost-effective storage and maintenance of data, it also helps the organizations and users to manage data efficiently.

Enterprise Information Archiving Market: By Region

The North American region held a prominent position in terms of revenue growth, for the enterprise information archiving market worldwide. The widespread and increased use of enterprise information archiving technology associates with the adoption of digital technology in every sector. Also, the North American region has the adoption of the latest technology, artificial intelligence, cloud, gadget technology, etc. which leads to primary growth drivers for the region. Furthermore, the Asia-Pacific region is also expected to grow for the coming forecasted years owing to the expanding and efficient enterprise information archiving solutions and adhering the government mandates.

Enterprise Information Archiving Market Share and Competitor Analysis

Everteam, Microsoft, Google, Archive360, Barracuda, Mimecast, Smarsh, Global Relay, Micro Focus, Pagefreezer, Open Text, Dell, Solix, Veritas, ZL Technologies, Jatheon, IBM, Proofpoint, HPE, Unified Global Archiving, among others, are the major vendors competing in the enterprise information archiving market.

Please note: This is not an exhaustive list of companies profiled in the report.

In June 2020, Smarsh Inc. launched its new enterprise archive powered by Microsoft Azure. The launch was initiated to enhance Azure’s performance, security, and efficient handling of data.

In April 2020, Commvault, launched its new product NetApp Scale-out Data Protection to offer expanded rapid recovery support, proper backup, management, and functional recovery of data.