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The global enterprise information archiving market was valued at US$ 6.51 Billion in 2021.
We expect the global enterprise information archiving market to exhibit a CAGR of 14.10% during 2022-2027.
The increasing data volume is catalyzing the need for enterprise information archiving solutions, to manage information effectively and achieve compliance goals easily, which is currently driving the global enterprise information archiving market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of enterprise information archiving solutions across numerous end-use industries, to remotely protect data against loss, corruption, and security threats.
Based on the type, the global enterprise information archiving market has been divided into content types and services. Currently, content types exhibit a clear dominance in the market.
Based on the deployment mode, the global enterprise information archiving market can be categorized into on-premises and cloud-based, where on-premises mode holds the majority of the total market share.
Based on the enterprise size, the global enterprise information archiving market has been segmented into small and medium-sized enterprises and large enterprises. Currently, large enterprises represent the highest market share.
Based on the end user, the global enterprise information archiving market can be bifurcated into BFSI, government and defense, healthcare and pharmaceutical, retail and e-commerce, manufacturing, and others. Among these, the BFSI sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global enterprise information archiving market include Atos SE, Barracuda Networks Inc., Global Relay Communications Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Micro Focus International plc, Microsoft Corporation, Mimecast Services Limited, Proofpoint Inc., Smarsh Inc., Veritas Technologies LLC, and ZL Technologies Inc.
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