Enterprise Information Archiving Global Market Report 2024

Enterprise information archiving refers to using new methods for storing business data, both structured and unstructured, as opposed to previous methods that only focused on storing structured data. This software combines products and solutions for archiving the different types of data generated by the user.

The main types of enterprise information archiving are email, social media, web, mobile communications, and databases. Emails market in enterprise information archiving is used for email archiving, which can speed up the process whenever the data needs to be restored. Electronic mail (e-mail) refers to a computer-based application for the exchange of messages between users. The deployment types are on-premises and in the cloud. The types of organization sizes are large enterprises and SMEs. The various services are planning and consulting services, system integration, training and support services, operations and maintenance services, and data migration. The various verticals are government and defense, BFSI, retail and eCommerce, education and research, healthcare and pharmaceutical, manufacturing, media and entertainment, IT and telecommunications, and other verticals.

The enterprise information archiving market research report is one of a series of new reports that provides enterprise information archiving market statistics, including enterprise information archiving industry global market size, regional shares, competitors with an enterprise information archiving market share, detailed enterprise information archiving market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise information archiving industry. This enterprise information archiving market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The enterprise information archiving market size has grown rapidly in recent years. It will grow from $8.6 billion in 2023 to $9.69 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to rising demand for data retention for regulatory compliances and business performance, increased operational efficiency, growing adoption for cost-effective storage processes, data retention for regulatory compliances, increased data security and privacy concerns
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The enterprise information archiving market size is expected to see rapid growth in the next few years. It will grow to $16.65 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to growing demand for data retention to meet legal governance requirements, increased emerging countries generating new opportunities, positive impact of COVID-19 on the global enterprise information archiving market, increasing data volume worldwide, implementation of technology solutions for digitalization process. Major trends in the forecast period include integration with collaboration platforms, immutable storage for data preservation, application of blockchain for data integrity, machine learning for content classification, hybrid deployment models.

An increasing amount of data being created each year is expected to propel the growth of the enterprise information archiving market going forward. Data refers to the information that is digitally stored on computers and other data storage technologies such as the cloud or blockchain. Currently, data set sizes are increasing, such as bytes, terabytes, and petabytes. Enterprise information archiving solutions help to manage more information effectively and to achieve compliance goals more easily. For instance, according to WP Dev Shed, a New-Zealand based webmaster’s company, in July 2022, 2.5 quintillion bytes of data are generated every day this year. This data usage is expected to reach 97 zettabytes of data worldwide by the end of 2022. Also, this usage of data is expected to grow further, reaching 175 zettabytes by the end of 2025. Therefore, increasing data volumes at enterprises are driving the enterprise information archiving market growth.

Rising cybersecurity concerns is expected to propel the growth of the enterprise information archiving market going forward. Cybersecurity concerns, such as data breaches, refer to the risks and threats related to the security of digital information and the potential unauthorized access, theft, or exposure of sensitive data. Enterprise information archiving plays a critical role in mitigating the impact of data breaches and aiding organizations in responding effectively to such incidents. For instance, in August 2023, according to Surfshark, a Netherlands-based VPN service company, in Q2 2023, over 110 million accounts were compromised, a 2.6-fold increase from the previous quarter, with 855 breaches per minute compared to 334 per minute. Therefore, the increasing cybersecurity concerns will drive the enterprise information archiving market.

New technological innovations are the key trend gaining popularity in the enterprise information archiving market. Major companies operating in the market are introducing new technologies, such as software that works on Microsoft Azure and big data application framework technology, to sustain their position in the market. For instance, in November 2021, Smarsh, a US-based provider of web archiving services, launched the Communications Intelligence Platform, the next iteration of its enterprise electronic communications capture, archiving, and oversight offering. Financial services companies and other highly regulated businesses can gather and analyze communications data at scale, identify risks right away, recognize business insight, and enhance operational systems thanks to the AI-powered solution. The Communications Intelligence Platform is a groundbreaking SaaS platform that is cloud-native, AI-powered, and designed to scale to meet the communications data requirements of contemporary international enterprises. With the help of the solution, the enterprise will be able to significantly streamline its IT operations, consolidate costs, improve insights, and shorten time to value.

Major companies operating in the market are developing innovative products, such as the Intelligent Compliance Platform, to expand their customer base and gain a competitive advantage. The Intelligent Compliance Platform serves as a sophisticated system that streamlines the archiving process, enhances data security, simplifies data retrieval, and assists in meeting regulatory and legal obligations. For instance, in August 2022, Proofpoint, Inc., a US-based cybersecurity company, introduced its Intelligent Compliance Platform. This platform aims to provide enterprises with advanced regulatory compliance solutions while streamlining corporate legal protection procedures. Leveraging Proofpoint's proprietary machine learning technology, the platform offers business leaders AI-driven capabilities such as data collection, classification, detection, prevention, search, eDiscovery, supervision, and predictive analytics. It caters to complex compliance and information governance requirements, making compliance and legal protection more efficient and effective for organizations. The Proofpoint Archive simplifies various aspects of data management, including storage, search, legal discovery, supervision, and end-user data access. This is achieved through a cloud-first archive system that serves as a secure and scalable central repository for data storage and retrieval.

In January 2022, Proofpoint Inc., a US-based software company, acquired Dathena Science Pte Ltd. for an undisclosed amount. With this acquisition, the multi-patented, next-generation AI engine into the people-centric DLP solutions will provide customers with unparalleled data protection and help them meet their challenging internal and regulatory compliance requirements. Dathena Science Pte Ltd. is a Singapore-based software company offering a data discovery and classification platform.

Major companies operating in the in the enterprise information archiving market report are Atos SE, Barracuda Networks Inc., Bloomberg Finance L. P., Dell Technologies Inc., Google LLC, Veritas Technologies LLC, Commvault Systems Inc., Proofpoint Inc., Mimecast Limited, Smarsh Inc., Global Relay Communications Inc., Micro Focus International plc, ZL Technologies Inc., Symantec Corporation, Microsoft Corporation, International Business Machines Corporation., GFI Software, SolarWinds Corporation, MailStore Software GmbH, Altaro Software Limited, TransVault Limited, Waterford Technologies Inc., ArcMail Technology Inc., Sphere 3D Corp., Quest Software Inc., Polaris Solutions Ltd, Jatheon Technologies Inc., MailArchiva, Capax Global LLC

North America was the largest region in the enterprise information archiving market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise information archiving market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the enterprise information archiving market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The enterprise information archiving market consists of revenues earned by entities by providing enterprise information archiving for storing and organizing corporate information such as file shares, website content, and communications. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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