The global digital vault market is projected to grow at a CAGR of 20.2% during the forecast period. Digital vault solutions offer a complete approach to ensuring data compliance and privacy in businesses. The key factor driving the market growth is the increasing number of cyberattacks, which means that Digital Vault is an essential component in every company that handles mission-critical data. The global Digital Vault market is in its early stages of development and is likely to grow rapidly in the forecast period as end-users worry about data security growth, and focus on buying software and solution to protect the data adequately.
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The major factor that contributes to the market growth is the increasing demand for Digital Vault solutions for cloud-based data security. For instance, data is growing at a quicker rate and is free to travel anywhere in the cloud as a result of an increasingly mobile workforce. In 2020, companies like IBM, Microsoft, and Google dominated the cloud market, using new technologies like AI and machine learning to analyze data. The handling of these massive amounts of data to obtain real-time information poses new problems and opportunities for future cloud architecture. However, an organization’s tolerance for discomfort and security breaches as a result of internal weaknesses is hindering the global expansion of the Digital Vault market. Furthermore, market players are facing key challenges such as enterprise budgetary constraints and a lack of understanding of Digital Vault solutions.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Digital Vault Market by Components
- Software and Solutions
- Professional Services
Global Digital Vault Market by Deployment Mode
- On-Premises
- Cloud-Based
Global Digital Vault Market by Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
Global Digital Vault Market by End-User Industry
- BFSI
- IT and Telecom
- Healthcare
- Consumer Goods and Retail
- Government and Defense
- Other End-User (Manufacturing)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BigID, Inc.
- AI
- Dathena Science
- Digital Guardian, Inc.
- Egnyte, Inc.
- Fasoo Co. Ltd.
- Forcepoint LLC
- HelpSystems LLC
- Imperva, Inc.
- Infogix, Inc.
- Lepide USA, Inc.
- Micro Focus International Plc
- NetApp, Inc
- Netwrix Corp.
- NextLabs, Inc.
- PKWARE, Inc.
- Protegrity, Inc.
- SEALPATH Technologies S.L.
- Seclore, Inc.
- SecuPi
- ai
- Talend, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital vault market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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