The Asia Pacific Digital Vault Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
Cloud platforms are gaining popularity as businesses are growing more worried about the safety of their data and the prevention of theft of such data. The rise in the use of business applications, as well as the proliferation of mobile devices that can connect to the internet, including as smartphones, tablets, and other electronic gadgets, are all factors that have contributed to the expansion of the market's need for digital vaults.
It is becoming more and more essential that sensitive information, such as passwords and crucial documents, be kept in a safe and secure digital format, like in a digital locker or vault, as the rate of digitalization continues to accelerate and the importance of data privacy continues to rise. Vaults provide a safe environment for the storage of assets such as cash, papers, significant records, and collectibles at financial institutions. A digital vault serves the same purpose as the physical vault.
On the other hand, digital vaults are used to store and safeguard property that only exists in the digital realm rather than actual, physical assets. These platforms often use encryption technology on par with that used by banks as well as two-factor authentication in order to protect the information and property of its users. They even protect information from their own 'eyes,' giving them the ability to store private files in a digital vault without fear of prying eyes.
Cloud-based digital vaults in the Asia Pacific region make it possible for end-users to store the necessary information on the servers of the vendor. These servers can be accessed remotely from any location and at any time, which helps end-users lower the cost factor associated with on-premise maintenance. A further positive feature of the expansion of businesses is their increasing dependence on cloud computing solutions for the storage, processing, and networking of their data. It is an initiative of the Department of Electronics and Information Technology (DEITY), which is located under the Ministry of Communications and IT, Government of India that provides its citizens with 10 MB of free online storage space to store important documents and certificates as soft copies in a variety of formats. These soft copies can be shared via e-mails if they are required to be done so. This supports the growth of the regional market.
The China market dominated the Asia Pacific Digital Vault Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $181.2 million by 2028. The Japan market is estimated to grow a CAGR of 14% during (2022 - 2028). Additionally, The India market would experience a CAGR of 15.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on End Use, the market is segmented into BFSI, Healthcare, Manufacturing, Government, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, CyberArk Software Ltd., IBM Corporation, Oracle Corporation, Hitachi, Ltd., Micro Focus International PLC, Fiserv, Inc., Broadcom, Inc. (Symantec Corporation), Microsoft Corporation, and TokenEx, Inc.
Cloud platforms are gaining popularity as businesses are growing more worried about the safety of their data and the prevention of theft of such data. The rise in the use of business applications, as well as the proliferation of mobile devices that can connect to the internet, including as smartphones, tablets, and other electronic gadgets, are all factors that have contributed to the expansion of the market's need for digital vaults.
It is becoming more and more essential that sensitive information, such as passwords and crucial documents, be kept in a safe and secure digital format, like in a digital locker or vault, as the rate of digitalization continues to accelerate and the importance of data privacy continues to rise. Vaults provide a safe environment for the storage of assets such as cash, papers, significant records, and collectibles at financial institutions. A digital vault serves the same purpose as the physical vault.
On the other hand, digital vaults are used to store and safeguard property that only exists in the digital realm rather than actual, physical assets. These platforms often use encryption technology on par with that used by banks as well as two-factor authentication in order to protect the information and property of its users. They even protect information from their own 'eyes,' giving them the ability to store private files in a digital vault without fear of prying eyes.
Cloud-based digital vaults in the Asia Pacific region make it possible for end-users to store the necessary information on the servers of the vendor. These servers can be accessed remotely from any location and at any time, which helps end-users lower the cost factor associated with on-premise maintenance. A further positive feature of the expansion of businesses is their increasing dependence on cloud computing solutions for the storage, processing, and networking of their data. It is an initiative of the Department of Electronics and Information Technology (DEITY), which is located under the Ministry of Communications and IT, Government of India that provides its citizens with 10 MB of free online storage space to store important documents and certificates as soft copies in a variety of formats. These soft copies can be shared via e-mails if they are required to be done so. This supports the growth of the regional market.
The China market dominated the Asia Pacific Digital Vault Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $181.2 million by 2028. The Japan market is estimated to grow a CAGR of 14% during (2022 - 2028). Additionally, The India market would experience a CAGR of 15.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on End Use, the market is segmented into BFSI, Healthcare, Manufacturing, Government, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, CyberArk Software Ltd., IBM Corporation, Oracle Corporation, Hitachi, Ltd., Micro Focus International PLC, Fiserv, Inc., Broadcom, Inc. (Symantec Corporation), Microsoft Corporation, and TokenEx, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Deployment Type
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- SMEs
By End Use
- BFSI
- Healthcare
- Manufacturing
- Government
- IT & Telecom
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- CyberArk Software Ltd
- IBM Corporation
- Oracle Corporation
- Hitachi, Ltd
- Micro Focus International PLC
- Fiserv, Inc
- Broadcom, Inc. (Symantec Corporation)
- Microsoft Corporation
- TokenEx, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Digital Vault Market, by Component
1.4.2 Asia Pacific Digital Vault Market, by Deployment Type
1.4.3 Asia Pacific Digital Vault Market, by Organization Size
1.4.4 Asia Pacific Digital Vault Market, by End Use
1.4.5 Asia Pacific Digital Vault Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Digital Vault Market by Component
3.1 Asia Pacific Solution Market by Country
3.2 Asia Pacific Services Market by Country
Chapter 4. Asia Pacific Digital Vault Market by Deployment Type
4.1 Asia Pacific Cloud Market by Country
4.2 Asia Pacific On-premise Market by Country
Chapter 5. Asia Pacific Digital Vault Market by Organization Size
5.1 Asia Pacific Large Enterprises Market by Country
5.2 Asia Pacific SMEs Market by Country
Chapter 6. Asia Pacific Digital Vault Market by End Use
6.1 Asia Pacific BFSI Market by Country
6.2 Asia Pacific Healthcare Market by Country
6.3 Asia Pacific Manufacturing Market by Country
6.4 Asia Pacific Government Market by Country
6.5 Asia Pacific IT & Telecom Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Digital Vault Market by Country
7.1 China Digital Vault Market
7.1.1 China Digital Vault Market by Component
7.1.2 China Digital Vault Market by Deployment Type
7.1.3 China Digital Vault Market by Organization Size
7.1.4 China Digital Vault Market by End Use
7.2 Japan Digital Vault Market
7.2.1 Japan Digital Vault Market by Component
7.2.2 Japan Digital Vault Market by Deployment Type
7.2.3 Japan Digital Vault Market by Organization Size
7.2.4 Japan Digital Vault Market by End Use
7.3 India Digital Vault Market
7.3.1 India Digital Vault Market by Component
7.3.2 India Digital Vault Market by Deployment Type
7.3.3 India Digital Vault Market by Organization Size
7.3.4 India Digital Vault Market by End Use
7.4 South Korea Digital Vault Market
7.4.1 South Korea Digital Vault Market by Component
7.4.2 South Korea Digital Vault Market by Deployment Type
7.4.3 South Korea Digital Vault Market by Organization Size
7.4.4 South Korea Digital Vault Market by End Use
7.5 Singapore Digital Vault Market
7.5.1 Singapore Digital Vault Market by Component
7.5.2 Singapore Digital Vault Market by Deployment Type
7.5.3 Singapore Digital Vault Market by Organization Size
7.5.4 Singapore Digital Vault Market by End Use
7.6 Malaysia Digital Vault Market
7.6.1 Malaysia Digital Vault Market by Component
7.6.2 Malaysia Digital Vault Market by Deployment Type
7.6.3 Malaysia Digital Vault Market by Organization Size
7.6.4 Malaysia Digital Vault Market by End Use
7.7 Rest of Asia Pacific Digital Vault Market
7.7.1 Rest of Asia Pacific Digital Vault Market by Component
7.7.2 Rest of Asia Pacific Digital Vault Market by Deployment Type
7.7.3 Rest of Asia Pacific Digital Vault Market by Organization Size
7.7.4 Rest of Asia Pacific Digital Vault Market by End Use
Chapter 8. Company Profiles
8.1 Fiserv, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 Broadcom, Inc. (Symantec Corporation)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Oracle Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 IBM Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Microsoft Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Johnson Controls International PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental & Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.7 CyberArk Software Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Hitachi, Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 Micro Focus International PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.10. TokenEx, Inc.
8.10.1 Company Overview
Companies Mentioned
- Johnson Controls International PLC
- CyberArk Software Ltd.
- IBM Corporation
- Oracle Corporation
- Hitachi, Ltd.
- Micro Focus International PLC
- Fiserv, Inc.
- Broadcom, Inc. (Symantec Corporation)
- Microsoft Corporation
- TokenEx, Inc.
Methodology
LOADING...
