North America Enterprise Information Archiving Market Size, Share & Industry Trends Analysis Report By Component, By Vertical, By Deployment Type (On-premise and Cloud), By Organization Size, By Country and Growth Forecast, 2022-2028

The North America Enterprise Information Archiving Market is expected to witness market growth of 14.5% CAGR during the forecast period (2022-2028).

BFSI, education and research, government and defense, retail and eCommerce, media and entertainment, healthcare and life sciences, manufacturing, IT and telecommunications, and other sectors have all benefited from COVID-19's digital transformation. Data in businesses are frequently large and disorganized. Increased data volumes put an unsustainable burden on IT personnel and infrastructure. Enterprises use enterprise information archiving systems and services to decrease backup costs and strengthen their eDiscovery capabilities. It also allows them to reduce the risks of compliance connected with enterprise data archiving.

Data archiving allows for long-term data retention and storage. It provides secure storage for mission-critical data that may be accessed as needed. The information in the archived information management system remains accessible, and the system ensures its integrity. Data archiving is essential for businesses and organizations that acquire new information regularly while still needing to keep old data and be able to retrieve both types fast. More data stored longer, and retrieved faster is the trend in government regulations, the law, and company policy. Companies can save money by using data archiving services to remain on top of these developments.

The US is increasingly investing in the ICT sector to develop it even further. Due to the existence of an already developed IT industry and a presence of a highly skilled workforce, the enterprise information archiving services have found a ready Market in the United States. In the last decade, Canada's technology industry has risen at double the rate of the rest of the economy, accounting for 5% of the country's total GDP.  The technology industry in Canada remained largely unaffected by the COVID-19 pandemic.

The software and computer services businesses account for the vast majority. The industry is dominated by small businesses, with about 35,500 of them employing fewer than ten people. Around 100 significant companies employing more than 500 people, including subsidiaries of foreign multinational organizations, make up the total.

The US Market dominated the North America Enterprise Information Archiving Market by Country 2021, and is expected to continue to be a dominant Market till 2028; thereby, achieving a Market value of $4,446.9 million by 2028. The Canada Market is estimated to grow at a CAGR of 17.1% during (2022-2028). Additionally, The Mexico Market is expected to showcase a CAGR of 16.1% during (2022-2028).

Based on Component, the Market is segmented into Content and Services. Based on Content Type, the Market is segmented into Email & Web, Database, Social Media, Instant Messaging, File, Enterprise file synchronization & sharing, and Others. Based on Vertical, the Market is segmented into BFSI, Government & Defense, Manufacturing, Telecom & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Education & Research, and Others. Based on Deployment Type, the Market is segmented into On-premise and Cloud. Based on Organization Size, the Market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the Market is segmented into U.S., Mexico, Canada, and Rest of North America.

The Market research report covers the analysis of key stakeholders of the Market. Key companies profiled in the report include Microsoft Corporation, Hewlett-Packard Enterprise Company, IBM Corporation, Google LLC, Dell Technologies, Inc., Barracuda Networks, Inc. (Thoma Bravo), Veritas Technologies LLC (The Carlyle Group), Proofpoint, Inc., Mimecast Limited, and Smarsh, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Component

• Content
  • Email & Web
  • Database
  • Social Media
  • Instant Messaging
  • File, Enterprise file synchronization & sharing
  • Others
• Services

By Vertical

• BFSI
• Government & Defense
• Manufacturing
• Telecom & IT
• Retail & Consumer Goods
• Healthcare & Life Sciences
• Education & Research
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• Microsoft Corporation
• Hewlett-Packard Enterprise Company
• IBM Corporation
• Google LLC
• Dell Technologies, Inc.
• Barracuda Networks, Inc. (Thoma Bravo)
• Veritas Technologies LLC (The Carlyle Group)
• Proofpoint, Inc.
• Mimecast Limited
• Smarsh, Inc.

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