Enterprise information archiving (EIA) software deals with storing & managing several types of user communications, like emails, SMS, instant messaging, & social media data, both public & business-related. It also covers other data like files, website content, & audio. While a major portion of EIA spending is on email compliance & retention, there is a rise in interest in archiving other communication data types. EIA solutions include features like retention management, data reduction, content indexing, & technologies for e-discovery & categorization.
Market Dynamic
The significant increase in enterprise data, stemming from sources like emails, instant messaging, social media, mobile communications, & more, has become a major headache for businesses, which has led to a growth in the demand for enterprise information archiving solutions & services. Managing & preserving records of corporate decisions & communications across different data types & sources is proving to be a challenging task and thus driving the growth of the marker. Also, large enterprises have begun adopting innovative solutions to tackle the massive pool of digital enterprise information at their disposal.
However, due to budget limitations & a lack of awareness about corporate data preservation, many businesses still depend on traditional & time-consuming methods, like manual data management. Further, various small & medium-sized enterprises (SMEs) continue to use manual & traditional approaches or basic system archiving to maintain their business data.
Research Scope and Analysis
By Type
In terms of types of enterprise information archiving, content types take the lead as the largest segment, which encompasses different kinds of data like databases, emails, social media content, instant messaging, web data, mobile communication, & file sharing. These diverse content types meet the unique needs of organizations in different industries, as every type presents its own set of management, compliance, & retrieval challenges, leading enterprises to seek specialized archiving solutions tailored to their specific content types, which fuels the need for solutions that can effectively capture, store, & manage this broad array of data sources.
Further, services play a crucial role, as consulting services assist organizations in assessing their archiving needs & creating effective strategies. System integration services allow a seamless connection between archiving solutions & existing IT systems. Further, training, support, & maintenance services aid organizations in maximizing the benefits of archiving solutions while ensuring ongoing smooth operations.
By Deployment Mode
When it comes to deployment options, the market offers on-premises & cloud-based solutions, with on-premises holding the largest market share in 2023. On-premises archiving solutions provide organizations with complete control over their data since the infrastructure is managed within their premises, and is favored by enterprises with strict data security & compliance requirements, as it provides more visibility & customization options. On-premises solutions also allow dependable & consistent access to archived data.
Further, cloud-based archiving solutions provide scalability, flexibility, & affordability, and allow organizations to tap into the infrastructure & resources delivered by cloud service providers, removing the need for on-site hardware & upkeep. Cloud-based solutions make archived data easily & securely accessible from anywhere, at any time, making them well-suited for distributed workforces & remote collaboration.
By Enterprise Size
In terms of enterprise size, the market includes SMEs and large enterprises, with the latter holding the majority market share in 2023, as the large enterprises handle large data volumes across various departments & locations. They require strong & scalable archiving solutions to efficiently manage & store their data. These solutions for large enterprises provide advanced features like powerful indexing, search capabilities, & smooth integration with their existing IT systems.
Also, SMEs have highly recognized the importance of efficient data management, regulatory compliance, & information governance. In addition, they are adopting enterprise information archiving solutions. SMEs often have limited resources & IT capabilities, making these solutions invaluable, and providing scalability, affordability, & ease of implementation, allowing SMEs to efficiently manage their data & adhere to regulatory requirements.
By End User
The end users for the global enterprise information archiving solutions include various sectors, like BFSI, government & defense,
healthcare, retail, manufacturing, & others. Among these, the BFSI sector holds the largest market share in 2023, as the financial world, clinging to regulations, safeguarding data, & maintaining efficient record-keeping is critical. Archiving solutions assist these organizations in meeting compliance requirements, securely storing financial data, & simplifying information retrieval during audits or legal processes, driving market growth in this segment.
In addition, government & defense entities have stringent data retention & archival needs for auditing, investigations, and national security. Archiving solutions meet these requirements by highly preserving electronic communication, documents, & records over extended periods, ensuring compliance with legal & regulatory frameworks.
Further, in the healthcare &
pharmaceutical industry, extensive amounts of data, like electronic health records, medical images, & communication logs, are generated. Effective archiving solutions empower these organizations to manage & protect patient data, maintain compliance with privacy regulations, and improve research capabilities.
The Enterprise Information Archiving Market Report is segmented on the basis of the following
By Type
- Content Type
- Database
- Social Media
- Web
- Instant Messaging
- E-mail
- Mobile Communication
- File & EFSS
- Services
- Consulting
- System Integration
- Training, Support & Maintenance
By Deployment Mode
By Enterprise Size
By End User
- BFSI
- Retail & E-commerce
- Government & Defense
- Healthcare & Pharmaceutical
- Manufacturing
- Others
Regional Analysis
North America leads the global enterprise information archiving market with a
share of 40.6% in 2023, as the region comprising the United States & Canada, which are characterized by strict data governance regulations, like the Sarbanes-Oxley Act (SOX) & the Health Insurance Portability and Accountability Act (HIPAA). Organizations in North America must follow these regulations, thereby driving the need for enterprise information archiving solutions to manage, retain, & secure data effectively. In addition, the presence of various large enterprises that generate large volumes of data in the region is further contributing to the growth of the market.
Moreover, the Asia Pacific is noticing rapid digital transformation across many industries, leading to vast amounts of data being generated. Governments in countries like China, India, & Japan are using data protection & privacy regulations, emphasizing the requirement for effective data management & archiving solutions. As businesses in Asia Pacific look to comply with these regulations & enhance their data management practices, the adoption of enterprise information archiving solutions is anticipated to grow in the coming years.
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The enterprise information archiving market comprises big international companies & smaller businesses, leading to a diverse landscape., as it is used in many industries, which opens up chances for growth. To stay competitive, companies are teaming up or buying other companies to enhance & expand their products & establish a lasting edge in the market
For instance, in October 2022, Barracuda took major steps in expanding its Data Protection business, as it launched Barracuda Cloud-to-Cloud Backup on Azure Marketplace to protect against growing cyber threats like ransomware. In addition, at the end of Q2FY23, Barracuda noticed a remarkable 30% increase in new business sales for Data Protection, with much of the growth due to their Cloud-to-Cloud Backup SaaS product line, which safeguards data stored in Microsoft 365, providing added security in the current digital landscape.
Some of the prominent players in the global Enterprise Information Archiving Market are
- Microsoft Corp
- Google LLC
- ZL Technologies
- Smarsh Inc
- Proofpoint Inc
- Altos SE
- Archive 360
- Veritas Technologies
- HPE
- Barracuda Networks
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Enterprise Information Archiving Market
The COVID-19 pandemic and the following economic recession have highly impacted the Global Enterprise Information Archiving Market. As businesses experienced disruptions, remote work became the norm, & data management needs grew. Companies turned to information archiving solutions to maintain compliance, secure data, & assist remote collaboration, which led to growth in demand for archiving services & software.
However, economic uncertainties pushed some organizations to cut back on IT spending, impacting the market growth. In the post-pandemic world, the market is anticipated to rebound as businesses prioritize data management, regulatory compliance, & cybersecurity, but the recovery may differ across industries & regions, depending on their specific needs and financial stability.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 8.9 Bn |
| Forecast Value (2032) |
USD 29.3 Bn |
| CAGR (2023-2032) |
14.1% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Type (Content Type and Services), By Deployment
Mode (On-Premises and Cloud), By Enterprise Size
(Large Enterprises and SMEs), By End User (BFSI,
Retail & E-commerce, Government & Defense,
Healthcare & Pharmaceutical, Manufacturing, and
Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Microsoft Corp, Google LLC, ZL Technologies, Smarsh
Inc, Proofpoint Inc, Altos SE, Archive 360, Veritas
Technologies, HPE, Barracuda Networks, and Other
Key Players |
| Purchase Options |
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