Future Market Insights predicts that the size of the worldwide enterprise information archiving market will increase from US$ 6625.3 million in 2022 to US$ 26,255.8 million in 2032, with a CAGR of 14.7% throughout the forecast period (2022-2032).
Enterprise information archiving refers to software that can temporarily or permanently preserve information across a whole computer system or network, including emails, data, texts, and records. Information is typically stored there for compliance or legal reasons.
One of the key factors propelling growth in the worldwide enterprise information archiving market is the increasing adoption of enterprise information archiving solutions by sectors like BFSI, retail, education, healthcare, etc.
EIA enables businesses to store information over extended periods, assisting them in meeting requirements for e-discovery, forensic investigation, and retaining records.
Enterprise information archiving refers to software that can temporarily or permanently preserve information across a whole computer system or network, including emails, data, texts, and records. Information is typically stored there for compliance or legal reasons.
One of the key factors propelling growth in the worldwide enterprise information archiving market is the increasing adoption of enterprise information archiving solutions by sectors like BFSI, retail, education, healthcare, etc.
EIA enables businesses to store information over extended periods of time, assisting them in meeting requirements for e-discovery, forensic investigation, and retaining records.
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, small and medium sized enterprises segment is expected to grow at CAGR 7% during the forecast period.
Based on industry, BFSI segment is estimated to grow at CAGR of 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 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 inn India is forecast to grow a relatively higher CAGR of 19.9% during the assessment period.
Increasing Demand to Archive Information for Litigation to Act as a Catalyst for Enterprise Information Archiving Market Growth
It is crucial to archive information that may not be needed right away but could later become significant as business operations and communication within organisations grow. Enterprise information archive solutions are being used more often since they enable easy and cost-effective retrieval of information when needed for legal reasons, maintaining backups, company regulations, etc.
Many businesses are required to keep official records even if they are no longer needed. E-discovery, litigation, and corporate compliances are the causes of this. A corporation may face consequences if it is unable to provide the authorities with the necessary paperwork. A corporation can avoid a number of undesirable effects by having the pertinent files archived and made available for legal purposes. This will continue to encourage businesses to use enterprise information archiving solutions.
The EIA system can aid in providing the necessary information in response to demand. The end user can save information for a longer period of time thanks to it. Companies may quickly save and access files and information needed for legal needs, such as e-discovery, by utilising EIA solutions.
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 Pacific
East Asia
Middle East and Africa
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