The Enterprise Information Archiving (EIA) market revenue totaled USD 5,840.0 Million in 2021 and is likely to touch a valuation of USD 6,652.3 Million in 2022. Further, with rising adoption of enterprise information archiving across diverse industries including BFSI, retail, healthcare, IT & telecom, and education, the global enterprise information archiving market size is projected to reach USD 26,255.8 Million by 2032, growing at a CAGR of 14.7% between 2022 to 2032.
| Attributes | Key Statistics |
|---|---|
| Enterprise Information Archiving Market Estimated Size (2022E) | USD 6,652.3 Million |
| Projected Market Valuation (2032F) | USD 26,255.8 Million |
| Value-based CAGR (2022 to 2032) | 14.7% |
| Top 5 Vendor Market Share | Around 35% |
Enterprise information archiving is a unique solution employed by enterprises to archive the information which is used for communication within the organization such as emails, messages, files etc. EIA leverages technology to create centralized storage and organization of corporate data. It can archive information in both structured and unstructured formats.
EIA allows organizations to archive their information for a long duration of time and helps satisfy the need for maintaining records, forensic analysis, company policies and e-discovery. Rising need for cost-effective data storage solutions for inactive data to meet compliance and legal requirements is projected to propel the growth of enterprise information archiving market during the forecast period.
Over the years, enterprise information archiving has become an essential tool for enterprises to stay protected from litigations accusing the enterprises of fraud or disclosure of confidential information.
As of 2022, enterprise information archiving market constitutes about 18% share in enterprise storage market.
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Global demand for enterprise information archiving is expected to grow at a stupendous 14.7% CAGR between 2022 and 2032 in comparison with 13.4% CAGR registered during 2017 to 2021.
Development in cloud technology is a major factor spurring the growth of enterprise information archiving market. On-premise deployments tend to be costly and require more maintenance due to which not everyone can afford a separate archiving system. But due to cloud archiving the costs have declined and the scope for enterprise archiving has expanded.
Similarly, growing popularity of social media archiving is favoring the growth of enterprise information archiving market. As companies have started leveraging their social media handles, archiving this information becomes important for business intelligence, company compliances and e-discovery.
Enterprise information archiving is used for storing files and communications as structured and unstructured data. Structured data may include data which may be specified and follows certain formats laid down by the company or EIA vendor. Unstructured data has not undergone any pre-processing to fit the structured format.
Unstructured data can be used for the application of data science, saves resources spent upon pre-processing of data, and provides a wider pool for information storage. Companies are also implementing new software and technology for daily operations and communication.
Nowadays companies are using various software for communications and business operations. At times, information generated on this software may not fit structured formats. Hence, enterprise information archiving can help archive this information.
North America is expected to hold the largest share of global enterprise information archiving market in 2022. While on the other hand, South Asia and Pacific is expected to be the fastest growing market with a CAGR of 17.7% during the forecast period.
By 2032, FMI predicts North America and South Asia and Pacific markets to reach around ~USA 7,754.8 Million and ~USA 4,544.7 Million respectively.
North America is home to some of the leading EIA vendors. Presence of these leading enterprise information vendors and growing adoption of enterprise information archiving solutions by majority of the enterprises is triggering the growth of North America information market.
Within North America, USA remains the most lucrative market for enterprise information archiving solutions. As per FMI, the USA enterprise information solutions market is expected to grow to ~USA 6,259.8 Million by 2032. Canada is estimated to show the CAGR of 14.0% in North America.
Similarly, East Asia enterprise information archiving market is expected to grow at a prolific CAGR of 16.7% between 2022 and 2032.
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Presence of Data Protection Laws and Regulations Encouraging the Adoption of Enterprise Information Archiving in the USA
Currently, the USA enterprise information archiving market stands at USD 1,984.9 Million and is projected to grow at a CAGR of 12.2% between 2022 and 2032. Implementation of stringent government regulations pertaining to data safety, strong presence of EIA vendors and increasing adoption of advanced technologies by enterprises are some of the factors driving the USA enterprise information archiving market.
In the USA, companies are required to maintain a record of all their public documents which also includes their electronic files and social media posts. In order to comply with these government regulations, companies employ solutions like enterprise in formation archiving. This is providing an impetus to the growth in the USA. EIA market, as per the study.
Exponential Growth of IT and Telecom Industry will Boost India Enterprise Information Archiving Market
During the month of May 2022 India saw the registration of 2,644 new companies and in April-June of 2021, around 17,200 companies got registered. Majority of this growth has been in IT & Telecom industry which is the largest user of the enterprise information archiving solution.
Thus, rapid expansion of IT and telecom industry in India will Continue to ignite the demand for enterprise information archiving solutions during the forecast period.
As Per FMI, Indian market for EIA is expected to grow at a CAGR of 19.9% during the forecast period between 2022 and 2032.
Growth in Cloud Computing to Push the Demand for Enterprise Information Archiving Solutions in the UK
The UK will continue to dominate the Europe enterprise in formation archiving market during the forecast period between 2022 and 2032, owing to the rising adoption of cloud-based enterprise information archiving solutions. FMI, predicts the UK enterprise information archiving market to grow at a CAGR of 18.0% between 2022 and 2032, totaling around ~USD 965.1 Million by 2032.
According to the UK government, several businesses and nationwide operations are relying on large scale data storages which also includes numerous cloud platforms. It estimates that the number of businesses using cloud services has almost doubled between 2013 and 2019.
This rising inclination towards cloud-based solutions is playing a key role in expanding the enterprise information archiving market in the region. Hence, numerous companies based in the UK are investing in enterprise archiving solutions for better management and handling of data.
Rapid Expansion of End-Use Industries Augmenting Market Growth in China
FMI predicts China enterprise information archiving market to grow at a stupendous CAGR of 17.5% between 2022 and 2032, reaching ~USD 2565 Million by 2032. Rapid growth of industries such as BFSI, IT & telecom, manufacturing, and healthcare is a key factor pushing the demand for enterprise information archiving solutions in China
China also has a large market for cloud computing technology which is growing at a quick rate. This, in turn, is creating space for enterprise information archiving market growth in the country.
Demand for Enterprise Information Archiving Software to Remain High Throughout the Forecast period
Based on solution, enterprise information archiving software segment is expected to grow at higher CAGR of 15.4% during the forecast period (2022 to 2032), totaling USD 18111.2 Million by 2032. This can be attributed to growing popularity and adoption of cloud-based enterprise information archiving solutions.
Within enterprise information archiving software category, the cloud archiving is estimated to grow at a CAGR of 16.3% over the forecast period. Cloud archives provide better information security, reasonable prices due to the pay-as-you-go model, and eliminates the maintenance charges which companies had to bear for their on-premise archiving solutions.
Cloud archives are also a reason why small and medium sized enterprises can afford to have an archive. On the other hand, the services segment is expected to grow at around 13.4% CAGR through 2032.
Social Media Archiving Remains the Most Lucrative Applications for Enterprise Information Archiving Solutions
By application, social media archiving segment is projected to grow at the fastest CAGR of 17.4% during the forecast period. Rapid penetration of social media platforms like twitter and Instagram across the globe is triggering the growth in this segment.
According to World Economic Forum, in 2019, 500 million tweets were made per day and according to visual capitalist; 347,222 people scrolled Instagram, and 4.5 million videos were viewed per minute in 2019.
Most of the Demand for Enterprise Information Archiving Solutions to Emerge from BFSI Industry
According to FMI, the BFSI industry segment is forecast to grow at a higher CAGR of 17.9% during the forecast period, owing to the rising adoption of enterprise information archiving solutions by banks and other financial companies.
BFSI industry has numerous compliance requirements and has to sustain client information for long durations of time. BFSI is also held under scrutiny by auditing firms, judicial and government bodies.
Archiving information becomes crucial for such industry and need to easily recollect the required information is also surging. Hence, data security acts as a crucial element for the BFSI industry. All these factors are prompting BFSI companies to employ enterprise information archiving solutions.
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As per FMI, EIA vendors were quick to introduce cloud-based archives. They also choose areas of specialization such as email archiving and social media archiving. They decide the pricing of the system based upon factors such as number of users, size of data, storage size, hardware, platform and operating system.
| Attributes | Details |
|---|---|
| Estimated Market value in 2022 | USD 6,652.3 Million |
| Projected Market Valuation in 2032 | USD 26,255.8 Million |
| Market CAGR 2022 to 2032 | 14.7% |
| Share of top 5 players | Around 35% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa |
| Key Segments Covered | Solution, Enterprise Size, Industry, Application and Region |
| Key Companies Profiled | Mimecast; Proofpoint; Micro Focus; Dell EMC; Global relay; Titan HQ; ArchiveSocial; Smarsh; Google; Microsoft; OpenText; Archive360; Bloomberg; Commvault; Veritas Technologies; Pagefreezer; Cross ALM; Barracuda Networks; ZL Technologies; OVH Cloud |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Global demand for enterprise information archiving solutions is slated to grow at 14.7% CAGR through 2032, totaling around USD 26,255.8 Million in 2032.
According to FMI’s report, India, Malaysia and Indonesia are expected to show the highest growth rates in South Asia and Pacific during the assessment period.
E-discovery and litigation, company compliances, backup & recovery and rise in cloud deployment are driving the demand in enterprise in formation archiving market.
The Middle East and Africa enterprise information archiving market is projected to grow from USD 519.8 Million in 2021 to ~USD 2011.5 Million in 2032.
Some leading enterprise information archiving solution providerrs are Mimecast, Microsoft, Dell EMC, Proofpoint, Opentext, Google, Smarsh and Barracuda networks.
The USA, China, Canada, Japan and South Korea are top leading countries driving most of the demand for enterprise information archiving solutions.
South Asia and Pacific region is expected to showcase the highest growth for EIA solution adoption.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Pricing Analysis 5. Global Market Demand (in Value in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Market Background 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution 7.1. Enterprise Information Archiving Software 7.1.1. On-Premises 7.1.2. Cloud 7.2. Services 7.2.1. Professional Services 7.2.1.1. Consulting 7.2.1.2. Deployment and Integration 7.2.1.3. Support and Maintenance 7.2.2. Managed Services 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Enterprise Size 8.1. Large Enterprises 8.2. Small and Medium-sized Enterprises (SMEs) 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry 9.1. Manufacturing 9.2. Retail 9.3. Education 9.4. BFSI 9.5. Healthcare and Pharmacy 9.6. Energy & Utilities 9.7. Government and Legal 9.8. IT and Telecom 9.9. Real Estate 9.10. Others 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 10.1. Email Archiving 10.2. File Archiving 10.3. Social Media Archiving 10.4. E-Discovery and Litigation 10.5. Company Compliance 10.6. Monitoring and Data Loss Prevention 10.7. AI and Analytics 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia & Pacific 11.6. Middle East & Africa 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Country-wise Market 19. Market Structure Analysis 20. Competition Analysis 20.1. Mimecast 20.2. OVH Cloud 20.3. Barracuda Networks 20.4. Zix 20.5. ArchiveSocial 20.6. TitanHQ 20.7. Cross ALM 20.8. Pagefreezer 20.9. Icas Archiving Middleware 20.10. Veritas Technologies 20.11. Proofpoint 20.12. Commvault 20.13. Microsoft 20.14. Google 20.15. Dell EMC 20.16. Opentext 20.17. ZL Technologies 20.18. Micro Focus 20.19. Archive 360 20.20. Smarsh 20.21. Disk Archive Alto 20.22. Bloomberg 20.23. Global Relay 21. Assumptions and Acronyms Used 22. Research Methodology
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Enterprise Information Archiving (EIA) Market
