The GMI Research anticipates that the Enterprise Information Archiving Market will observe growth in demand over the forecast period. This is mainly because of their potential to handle information depending upon the business needs and the growing demand for data detention.
Introduction of the Enterprise Information Archiving Market
Enterprise Information Archiving (EIA) refers to a virtual data storehouse implemented to archive data across larger capacity, economical, and power-efficient archives storage devices such as tape libraries and cloud storage in contrast with high-priced and power-consuming primary storage.
Key Players of the Market:
- Google LLC
- Smarsh Inc.
- Barracuda Networks Inc
- IBM Corporation
- Micro Focus International Plc
- Veritas Technologies LLC
- HPE Company
- Dell Inc
- Microsoft Corporation
- Proofpoint Inc
Enterprise Information Archiving Market Dynamics
The aggravating acquisition of data inspection across different verticals such as healthcare, government, BFSI, manufacturing to sustain hosts of systems creating a different type of data is compounding the growth of the global Enterprise Information Achieving market. Also, the technology permits organizations to enhance the comprehensive performance of prevailing business applications and offer archived information accessible and restored by legitimizing users. In addition, it assists the organisation in avoiding difficulties and distress of retaining discarded systems individually for their data and minimizes the time and cost associated with backups, upgrades, and database tunings. Besides this, the global Enterprise Information Achieving market research states that the stringent legal norms, the massive cost of storage solutions, and augmenting enterprise information across verticals will further bolster the market size. On the other hand, the growing agitation concerned with the protection and safeguarding will curb the Enterprise Information Achieving market size.
Enterprise Size Segment Drivers
Based on enterprise size, the large enterprises are anticipated to fuel at a faster rate over the coming years. Large enterprises include an international presence and customer base resulting in the generation of an excessive amount of data. Thus, this supplements the demand for enterprise information archiving solutions. These solutions help to reduce the risks, maximize storage information resources, elevate enterprise effectiveness, and maintain clarity of the enterprise. Moreover, as per the Enterprise Information Archiving Market Statistics these solutions assist decrease the risks concerned with enterprise information recovery at the time of the disaster.
Industry Segment Drivers
As per the Industry, the market is segmented into Education & Research, Government & defence, Manufacturing, BFSI, Media & Entertainment, Retail & E-commerce, IT& Telecommunication, and Healthcare & Pharmaceutical. Among them, the BFSI industry is expected to boost at a higher rate during the forecast period.
Enterprise Information Archiving Market Segmentation:
Segmentation by Type
- System Integration
- Training, Support, and Maintenance
- Content types
- Social media
- Instant messaging
- Mobile communication
- File and Enterprise File Synchronization and Sharing (EFSS)
Segmentation by Deployment Mode
Segmentation by Enterprise Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Segmentation by Industry
- Education and Research
- Government and Defense
- Banking, Financial Services and Insurance (BFSI)
- Healthcare and Pharmaceutical
- Media and Entertainment
- Retail and eCommerce
- IT and Telecommunications
Segmentation by Region:
- United Kingdom
- Rest of Europe
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- South Africa
- Saudi Arabia
About GMI Research
The consulting and market research enterprise imparts small, medium, and large corporations with research reports and perceptions of businesses. The team of GMI Organisations supports clients in interpreting the effects of various dynamics of market. Our analysts and industrial experts perform market studies to confirm that factual and appropriate research reaches different sectors. The main priority of our organisation is abridging our clients with arriving threats, obstacles, and opportunities to help them perform better than others.