Enterprise information archiving market By Region – Global Opportunities and Forecast, 2021-2028

 Enterprise Information Archiving Market

The Enterprise Information Archiving Market size is projected to reach USD 3,902 million in 2027, exhibiting a CAGR of 13.5% over the forecast period. This huge growth is attributed to the increasing usage of EIA software for email retention and compliance and data reduction capabilities across content indexing, types, and retention management.

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Enterprise Information Archiving Market Dynamics

Enterprise information archiving market is projected to witness a promising growth over the forecast period. EIA technology helps in improving the overall performance of current business applications by making the archived information available and easy to recover by authorized users. It eradicates the complications and burden of maintaining outdated systems for their data and decreases the time and cost involved in backups, upgrade, and database turnings.

The Global Enterprise Information Archiving Market Research projects that the evolving need for cost-efficient storage solutions and increasing adoption of enterprise information across verticals are strengthening the market growth. Data explosion has increased across several industry verticals such as healthcare, manufacturing, and government. Thus, organizations are drifted towards data archiving, which helps them in maintaining the host of systems that produce a different variety of data.

Enterprise Size Segment Drivers

The large enterprise is expected to grow at a faster CAGR during the forecast period. Large enterprises have universal presence and customer base, resulting in production of large amount of data. These solutions reduce the risks, optimize storage information resources, improve enterprise efficiency, and maintain clarity of the enterprise. Moreover, the Global Enterprise Information Archiving Market Report asserts that EIA solutions decrease the chances related to enterprise information recovery during the disaster.

Industry Segment Drivers

The BFSI industry is expected to hold a larger share in the market over the forecast period. Financial institutions produce a large amount of data through several transactions stored for long time to be used during financial audits, investigations, and compliances. BFSI industry is significantly adopting enterprise information archiving solutions to store information for longer time span.

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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