The latest market report published by Acute Market Reports “Enterprise Information Archiving Market: Growth, Future Prospects, and Competitive Analysis, 2023 - 2030” the enterprise information archiving market was valued at US$ 7,977.9 Mn in 2021 and expected to grow at a CAGR of 12.5% during the forecast period from 2023 to 2030.

Market Insights

"Reducing storage cost along with government mandates to store enterprise information will upgrade the market growth during the forecast period"

Enterprise Information Archiving (EIA) is a virtual data repository that stores data in high capacity, less costly, and low power consuming archive storage devices such as tape libraries and cloud storage instead of costly and power-consuming primary storage. Data can be classified as structured and unstructured data. Structured data can be referred to as alphabets, numbers, and can be easily processed and stored whereas unstructured data can be referred to as email, images, audio, and video files.

Enterprise Information Archive stores inactive enterprise data in archive storage so that it can be accessed whenever required. EIA products provide the end-users with features such as single storage for structured and unstructured data, content indexing, and data discovery. Information archiving enables companies to manage and dispose of information according to regulatory and business requirements. EIA was initially introduced for archiving email content, however, gradually it expanded to include social media and instant messaging content.

Key Industry Developments:

• In April 2023, Veritas entered into a partnership with TMON, Korea’s social-commerce company. With Veritas’ Enterprise Vault and Data Insight, TMON improved its business productivity and established a digital compliance framework successfully.

Key Market Movements:

• Globally, the enterprise information archiving market is rising at a CAGR of 12.5% for the estimated period from 2023 to 2030.
• Asia Pacific is expected to be the leading market for EIA during the forecast period. Growing enterprise information across verticals, increasing stringent legal compliances is driving the demand for the EIA market in this region.
• However, sustainable market growth, the introduction of smart cities, and regulatory developments along with consumer focused government incentive schemes across the regions will drive the overall demand.

List of Companies Covered:

• Microsoft
• IBM
• Google
• Veritas
• Barracuda
• Proofpoint
• Smarsh
• Mimecast
• ZL Technologies
• Global Relay
• Micro Focus
• Opentext
• Solix
• Archive360
• Everteam
• Pagefreezer
• Jatheon

Browse the full report at https://www.acutemarketreports.com/report/enterprise-information-archiving-market

The Global Enterprise Information Archiving Market is Segmented into:

*Complete segmentation list is on the report page