Global Digital Vault Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Digital Vault Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global digital vault market report has been segmented on the basis of component, organization size, industry, and region.
Global Digital Vault Market: Overview
Digital vault is known as a system that secures the information stored via firewall, access control solutions and encryption. Digital vault is basically utilized to store the credentials, audit information or organization data and other sensitive data. In case of unauthorized data access, all data may result into permanent data loss which will lead to organization IT structure losses. Digital vault is also able to secure the information that is being run on various applications via that vault.
Global Digital Vault Market: Dynamics
Increase in demand for stringent compliances in various regions is major factor expected to drive growth of the global digital vault market. Government initiatives to make rules in order to secure high sensitive data of any organization across the global is also factor expected to drive growth of the global digital vault market. In addition, now a days huge volume of data is being generated through connected devices and demand to store these data is another major factor expected drive growth of the global digital vault market.
Moreover, increasing demand to secure critical data for long term is factor anticipated to drive growth of the global digital vault market. Increasing concerns about data loss which may lead organizations to suffer from huge loss, to preclude these losses many organizations are adopting data vault and is expected to drive growth of the global digital vault market. Furthermore, increasing adoption of cloud services will lead to increase in requirement for cloud based security solution and is anticipated to drive growth of the global digital vault market.
However, lack of technical knowledge or expertise and lack of advanced technology in various countries are major factor expected to hinder growth of the global digital vault market. In addition, risk of data loss is major concern in digital vault, unauthorized access to digital vault lead to huge data loss. These factors are anticipated to hamper growth of the global digital vault market.
Global Digital Vault Market: Segment Analysis
Among the industry segments, the BFSI segment is expected to account for highest revenue share in the global digital vault market. The BFSI sector contains highly sensitive data which will result into high adoption of digital vault to secure and store these high sensitive data and is expected to drive growth of the BFSI segment in global market. Among the service segments, the consulting segment is anticipated to account for highest revenue share in the global digital vault market.
Global Digital Vault Market: Region Analysis
North America market is expected to account for highest revenue share in the global digital vault market. High adoption of digital vault by various countries such as Canada and US in this region in order to secure and store huge data is a key factor expected to drive growth of the global digital vault market in North America.
Global Digital Vault Segmentation:
Segmentation by Component:
- Identity and Access Management
- Data Loss Prevention
- Digital Asset Management
- Privileged Account Management
- Design and Implementation
- Support and Maintenance
- Managed Services
Segmentation by Organization Size:
- Large Enterprises
- Small and Medium-Sized Enterprises
Segmentation by Industry:
- IT and Telecommunications
- Real Estate
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- International Business Machines Corporation
- Microsoft Corporation
- Johnson Controls International plc
- Hitachi, Ltd.
- Micro Focus International plc
- Fiserv, Inc.
- Symantec Corporation
- Oracle Corporation
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