Enterprise Information Archiving Market Size, Growth, Share, Demand Analysis 2024-2032

Enterprise Information Archiving Market Insights

According to the report published by Zion Market Research, the global Enterprise Information Archiving Market size was valued at USD 8.30 Billion in 2023 and is predicted to reach USD 24.44 Billion by the end of 2032. The market is expected to grow with a CAGR of 11.4% during the forecast period. The report analyzes the global Enterprise Information Archiving Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Enterprise Information Archiving industry.

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Global Enterprise Information Archiving Market: Overview

Enterprise information archiving is a virtual data repository that stores data with low power consumption, less cost, and on high capacity archives storage devices like tape libraries, cloud storage, and several others. Data is classified into structured and unstructured data. Unstructured data includes video, audio, email, and image files whereas structured data are alphabets and numbers.

Global Enterprise Information Archiving Market: Growth Factors

One of the major factors driving the growth of the global enterprise information archiving market is the growing need for data retention for various regulatory compliances along with the growing demand for business performance. Also, the rising operational efficiency coupled with the demand for cost-effective storage processes is further escalating the growth of the market globally. The growing technological advancements and modernization to overcome the underlying challenges of data security and lack of disaster recovery are also propelling the growth of the global enterprise information archiving market. The archive caters to one entry point for all the available users who need access.

It facilitates all the requirements for business scalability. Also, its capability to support all types of files including print stream, database data, audio files, pictures, text files, and many more will further accelerate the growth of the global enterprise information archiving market during the forecast period. The enterprise information archiving solutions facilitate multiple features like e-discovery, tools for classification, data reduction across different content types, content indexing, and retention management which in turn boost the growth of the global enterprise information archiving market. Data explosion is growing significantly in different sectors like manufacturing, government, healthcare, and BFSI.

Therefore, organizations are paying attention to data archiving to maintain the host of systems that generate a diverse range of data. The solutions also facilitate organizations to improve the overall performance of current business applications along with making the archived information extensively available and easily retrievable by the required users. In addition, it also reduces the burden and complexity of maintaining the absolute system which in turn lowered the time and cost involved in creating backups, upgrades, and database tuning.

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Global Enterprise Information Archiving Market: Segmentation

The global enterprise information archiving market can be segmented into end-user, enterprise size, deployment modes, type, and others.

By end-users, the market can be segmented into IT & telecommunication, healthcare & pharmaceuticals, retail & e-commerce, media & entertainment, manufacturing, BFSI, education & research, and government & defense. The BFSI segment holds the largest share in the global enterprise information archiving market due to the high adoption of such solutions to achieve the associated benefits.

By enterprise size, the market can be segmented into small & medium enterprises (SMEs) and large enterprises. The large enterprise segment accounts for the largest share in the global enterprise information archiving market due to the growing generation of data. There is a significant spike in demand for enterprise information archiving solutions owing to the growing need for optimizing the informational resource, maintaining the transparency of enterprise, improving enterprise efficiency, and lowering the associated risks.

By deployment model, the market can be segmented into on-premise and cloud.

By type, the market can be segmented into services and content types.

The service segment can further be bifurcated into training, support & maintenance, system integration, and consulting. The content type can be bifurcated into file and enterprise file synchronization & sharing (EFSS), mobile communication, web, instant messaging, social media, database, and email.

Enterprise Information Archiving Market: Report Scope

Global Enterprise Information Archiving Market: Regional analysis

North America accounts for the largest share in the global enterprise information archiving market due to the growing adoption of digital technologies. Also, the growing stringent laws associated with archiving of data are further augmenting the growth of the regional market during the forecast period.

Global Enterprise Information Archiving Market: Competitive Players

Some of the significant players in the global enterprise information archiving market are :

• Unified Global Archiving
• Jatheon
• Pagefreezer
• Everteam
• Archive360
• Solix
• OpenText
• Micro Focus
• Global Relay
• ZL Technologies
• Mimecast
• Smarsh
• Proofpoin
• Barracuda
• Veritas
• Dell
• IBM
• HPE
• Microsoft
• Google.

The Global Enterprise Information Archiving Market is segmented as follows:

By end-user 

• IT & telecommunication
• healthcare & pharmaceuticals
• retail & e-commerce
• media & entertainment
• manufacturing
• BFSI 
• education & research
• government & defense

By enterprise size 

• small & medium enterprises (SMEs)
• large enterprises

By deployment modes 

• on-premise 
• cloud 

By type 

• services
• content types

Global Enterprise Information Archiving Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.