The Europe Digital Vault Market would witness market growth of 13.9% CAGR during the forecast period (2022-2028).
It is anticipated that the outstanding prospects that would result from the prevention of data breaches will be generated by digital vault's central role in the process. In recent years, there has been an increase in the frequency of data breaches, in which hackers steal sensitive information like social security numbers, credit card numbers, and even data pertaining to health.
Since digital vaults are more secure than spreadsheets and other online tools, they provide a more comprehensive solution than password managers do. As a result, digital vaults are a more comprehensive solution than password managers. Because they are protected by robust encryption and protocols, digital vaults provide an exceptionally high level of safety for the information they store, making it exceedingly impossible for unauthorized individuals to get that information.
In addition, since it is a cloud-based solution, digital vaults are structured in such a way that it is far simpler to guarantee that all of the information is both safe and up to date. It is projected that the market share will increase over the next few years as a result of these reasons.
Over the course of the time covered by this estimate, several advancements made by a number of banks and start-ups located in the European area are anticipated to generate chances for the digital vault market in that region. For example, Magyar Bank holding inked a contract with Thought Machine in February 2022 to construct a new digital bank. Foundation is the name of a new company that was recently founded by Magyar Bank holding. This new subsidiary has been given the responsibility of creating a cutting-edge digital bank that will provide retail clients with options for loans, savings, and payments. The firm will rely heavily on the vault as its primary piece of financial infrastructure. This supports the growth of the regional market.
The Germany market dominated the Europe Digital Vault Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $113.1 million by 2028. The UK market is experiencing a CAGR of 13% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 14.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
It is anticipated that the outstanding prospects that would result from the prevention of data breaches will be generated by digital vault's central role in the process. In recent years, there has been an increase in the frequency of data breaches, in which hackers steal sensitive information like social security numbers, credit card numbers, and even data pertaining to health.
Since digital vaults are more secure than spreadsheets and other online tools, they provide a more comprehensive solution than password managers do. As a result, digital vaults are a more comprehensive solution than password managers. Because they are protected by robust encryption and protocols, digital vaults provide an exceptionally high level of safety for the information they store, making it exceedingly impossible for unauthorized individuals to get that information.
In addition, since it is a cloud-based solution, digital vaults are structured in such a way that it is far simpler to guarantee that all of the information is both safe and up to date. It is projected that the market share will increase over the next few years as a result of these reasons.
Over the course of the time covered by this estimate, several advancements made by a number of banks and start-ups located in the European area are anticipated to generate chances for the digital vault market in that region. For example, Magyar Bank holding inked a contract with Thought Machine in February 2022 to construct a new digital bank. Foundation is the name of a new company that was recently founded by Magyar Bank holding. This new subsidiary has been given the responsibility of creating a cutting-edge digital bank that will provide retail clients with options for loans, savings, and payments. The firm will rely heavily on the vault as its primary piece of financial infrastructure. This supports the growth of the regional market.
The Germany market dominated the Europe Digital Vault Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $113.1 million by 2028. The UK market is experiencing a CAGR of 13% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 14.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Digital Vault Market, by Component
1.4.2 Europe Digital Vault Market, by Deployment Type
1.4.3 Europe Digital Vault Market, by Organization Size
1.4.4 Europe Digital Vault Market, by End Use
1.4.5 Europe 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. Europe Digital Vault Market by Component
3.1 Europe Solution Market by Country
3.2 Europe Services Market by Country
Chapter 4. Europe Digital Vault Market by Deployment Type
4.1 Europe Cloud Market by Country
4.2 Europe On-premise Market by Country
Chapter 5. Europe Digital Vault Market by Organization Size
5.1 Europe Large Enterprises Market by Country
5.2 Europe SMEs Market by Country
Chapter 6. Europe Digital Vault Market by End Use
6.1 Europe BFSI Market by Country
6.2 Europe Healthcare Market by Country
6.3 Europe Manufacturing Market by Country
6.4 Europe Government Market by Country
6.5 Europe IT & Telecom Market by Country
6.6 Europe Others Market by Country
Chapter 7. Europe Digital Vault Market by Country
7.1 Germany Digital Vault Market
7.1.1 Germany Digital Vault Market by Component
7.1.2 Germany Digital Vault Market by Deployment Type
7.1.3 Germany Digital Vault Market by Organization Size
7.1.4 Germany Digital Vault Market by End Use
7.2 UK Digital Vault Market
7.2.1 UK Digital Vault Market by Component
7.2.2 UK Digital Vault Market by Deployment Type
7.2.3 UK Digital Vault Market by Organization Size
7.2.4 UK Digital Vault Market by End Use
7.3 France Digital Vault Market
7.3.1 France Digital Vault Market by Component
7.3.2 France Digital Vault Market by Deployment Type
7.3.3 France Digital Vault Market by Organization Size
7.3.4 France Digital Vault Market by End Use
7.4 Russia Digital Vault Market
7.4.1 Russia Digital Vault Market by Component
7.4.2 Russia Digital Vault Market by Deployment Type
7.4.3 Russia Digital Vault Market by Organization Size
7.4.4 Russia Digital Vault Market by End Use
7.5 Spain Digital Vault Market
7.5.1 Spain Digital Vault Market by Component
7.5.2 Spain Digital Vault Market by Deployment Type
7.5.3 Spain Digital Vault Market by Organization Size
7.5.4 Spain Digital Vault Market by End Use
7.6 Italy Digital Vault Market
7.6.1 Italy Digital Vault Market by Component
7.6.2 Italy Digital Vault Market by Deployment Type
7.6.3 Italy Digital Vault Market by Organization Size
7.6.4 Italy Digital Vault Market by End Use
7.7 Rest of Europe Digital Vault Market
7.7.1 Rest of Europe Digital Vault Market by Component
7.7.2 Rest of Europe Digital Vault Market by Deployment Type
7.7.3 Rest of Europe Digital Vault Market by Organization Size
7.7.4 Rest of Europe 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
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