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Home | Search Global IT News: IT News & Press Release Distribution: Enterprise Information Archiving Market worth $10.8 billion by 2025 (IT-NEWSWIRE.COM, April 29, 2021 ) According to a research report "Enterprise Information Archiving Market by Type (Content Types (Email, Database, Social Media, Instant Messaging, and Web) and Services (Consulting and System Integration)), Deployment Mode, Enterprise Size, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global enterprise information archiving market size to grow from USD 5.7 billion in 2020 to USD 10.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.5% during 2020–2025. Major growth factors for the market include reduced storage costs required for the enterprise information archiving and government mandates to store enterprise information for audit and investigation purposes. On the other hand, the lack of the awareness of the availability of enterprise information archiving solutions and heavy dependency on traditional approaches may restrain the market growth. Browse in-depth TOC on “Enterprise Information Archiving Market” 110 – Tables 39 – Figures 147 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253224202 The Banking, Financial Services and Insurance vertical to hold the largest market size during the forecast period The enterprise information archiving market is segregated into various verticals, including government and defense, Banking, Financial Services and Insurance (BFSI), education and research, healthcare and pharmaceutical, manufacturing, media and entertainment, retail and eCommerce, IT and telecommunications, and others (legal, electronics, automotive, construction, transportation and logistics, travel and hospitality, food and beverages, and energy and utilities). These verticals are expected to witness a high adoption of enterprise information archiving solutions to achieve benefits, such as optimize the storage information resources, lower the risks, improve enterprise efficiency, and maintain transparency of the enterprise. Among these verticals, the BFSI vertical is expected to grow at the highest growth rate, due to the growing online financial transactions across the globe. Financial institutes and enterprises are continuously facing problems to meet regulatory compliance requirements defined by regulatory bodies. These regulations ensure that financial organizations work according to standards and maintain fair transactions with customers. In order to accomplish this, financial services organizations need to incorporate enterprise information archiving solutions, which can capture, archive, and provide easy access to the required information, enabling the organization to respond to agency information requests. By service, the system integration segment to grow at the highest CAGR during the forecast period The type segment of the enterprise information archiving market is subsegmented as content type and services. The services segment is further segmented as consulting; system integration; and training, support and maintenance. Among these services, the system integration services segment is expected to grow at the highest CAGR during the forecast period. These services efficiently implement and integrate information archiving solutions into their existing IT infrastructure systems. They further cater to the integration of essential software to assemble scattered systems of devices that remain effectually linked to IT infrastructures. Asia Pacific to hold the largest market size during the forecast period Asia Pacific (APAC) is expected to hold the largest market size in the global enterprise information archiving market. Many countries in APAC are increasingly moving toward the digitalization of their processes, resulting in a larger generation of data. There is a rise in competition in the enterprise information archiving market, due to the increasing enterprise information by large enterprises as well as Small and Medium enterprises (SMEs). The enterprise information archiving solutions are playing an important role in overcoming the demand for storage devices and reducing the cost of the IT infrastructure. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=253224202 Market Players: Google (US), Microsoft (US), HPE (US), IBM (US), Dell (US), Veritas (US), Barracuda (US), Proofpoint (US), Smarsh (US), Mimecast (UK), ZL Technologies (US), Global Relay (Canada), Micro Focus (UK), OpenText (Canada), Solix (US), Archive360 (US), Everteam (France), Pagefreezer (Canada), Jatheon (Canada), and Unified Global Archiving (US). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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