Size of the $22.4 billion enterprise information archiving market, globally, by 2030 at a CAGR of 16.8%: Verified Market Research®

Enterprise Information Archiving (EIA) software integrates products and solutions to archive user communications content such as text messages, emails, instant messaging, and public and corporate social media data .

JERSEY CITY, NJ, July 19, 2022 /PRNewswire/ — Verified Market Research recently released a report, “enterprise information archiving marketBy type (content type, services), by deployment mode (cloud, on-premise) and by geography. According to verified market research, the enterprise information archiving market size was valued at $7.5 billion in 2021 and is expected to reach $22.4 billion by 2030, growing at a CAGR of 16.8% from 2022 to 2030.

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126 – Tables

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Global Enterprise Information Archiving Market Overview

The global digital transition has been accelerated by COVID-19. Businesses are currently facing tough new hurdles due to expanding remote work settings. This is leading to an increase in the number of people working from home or remotely, as well as a change in the way staff connect to corporate networks. Collaboration platforms like Slack, Microsoft Groups, Google Meet, and Zoom have become common among businesses. As a result, businesses can retain higher volumes of digital conversations, as well as difficult file types like huge video files from virtual conferences. Businesses squarely measure investment in technology that enables psychological functionality awareness and analytical capabilities due to increased cybersecurity concerns and the need for secure remote access.

Large enterprises are adopting many advanced solutions to manage their corporate data, given the vast pool of digital corporate data available to them. However, many companies stick to old and time-consuming methods like manual management of digital corporate data due to budget constraints and also lack of awareness of corporate data archiving. As a result, many SMBs rely on old manual and alternative/tactical system archiving approaches to managing their business data. Lack of coaching and capabilities to manage advanced enterprise data archiving solutions is one of the biggest factors that is expected to slow the pace of their adoption. These capabilities differ from region to region and therefore the adoption of advanced enterprise data archiving solutions in North America and Europe is higher compared to other regions. Resistance to change is another issue that keeps staff from adopting enterprise data archiving solutions.

Key developments

  • January 2022: Proofpoint has acquired Dathena, an innovator in AI-based data protection to strengthen its cloud-based people-centric security solutions by adding AI-based data classification to its information security offerings and cloud.

Key players

The major market players are Microsoft (US), HPE (US), IBM (US), Google (US), DELL (USA)Veritas (US), Barracuda (US), Proofpoint (US), Smarsh (US), Mimecast (UK), ZL Technologies (US), Global Relay (Canada), Micro Focus (UK), OpenText (Canada), Commvault (US), Solix (US), Archive360 (US).

Verified Market Research has segmented the global enterprise information archiving market on the basis of type, mode of deployment, and geography.

  • Enterprise Information Archiving Market, By Type
    • Content type
    • Services
    • Others
  • Enterprise Information Archiving Market, By Deployment Mode
  • Enterprise Information Archiving Market, By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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