Digital Vault Market
Global Digital Vault Market Size, Share & Trends Analysis Report by Components (Software & Solutions, and Professional Services), by Deployment Mode (On-Premises and Cloud-based), by Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and by End-User Industry (BFSI, IT and Telecom, Healthcare, Consumer Goods and Retail, Government and Defense, and Others) Forecast Period (2022-2028)
The global digital vault market is projected to grow at a CAGR of 20.2% during the forecast period. Digital vault solutions offer a complete approach to ensuring data compliance and privacy in businesses. The key factor driving the market growth is the increasing number of cyberattacks, which means that Digital Vault is an essential component in every company that handles mission-critical data. The global Digital Vault market is in its early stages of development and is likely to grow rapidly in the forecast period as end-users worry about data security growth, and focus on buying software and solution to protect the data adequately.
The major factor that contributes to the market growth is the increasing demand for Digital Vault solutions for cloud-based data security. For instance, data is growing at a quicker rate and is free to travel anywhere in the cloud as a result of an increasingly mobile workforce. In 2020, companies like IBM, Microsoft, and Google dominated the cloud market, using new technologies like AI and machine learning to analyze data. The handling of these massive amounts of data to obtain real-time information poses new problems and opportunities for future cloud architecture. However, an organization's tolerance for discomfort and security breaches as a result of internal weaknesses is hindering the global expansion of the Digital Vault market. Furthermore, market players are facing key challenges such as enterprise budgetary constraints and a lack of understanding of Digital Vault solutions.
Impact of COVID-19 Pandemic on Global Digital Vault Market
During the COVID-19 pandemic, almost every sector of society, individuals, and businesses have been affected, rather the telecom sector is playing a critical role in supporting governments' digital infrastructure across the globe. Healthcare, telecommunications, media and entertainment, utilities, and government institutions are currently working around the clock to stabilize the situation and provide essential services to everyone. The COVID-19 pandemic has changed the way people use digital technology and work from home. Almost every business today uses remote networking to collaborate remotely. During the pandemic, this "new normal" working environment makes it critical for businesses to shift their assets to the cloud and digital platforms while implementing adequate security measures such as network and perimeter protection, which leads to an increasing number of data breaches. According to NBC, in May 2020, a data security breach from the Pandemic Unemployed Assistance program exposed 33,000 unemployed applicants. This has shown that protecting data from outside players is not enough, rather the software and solutions to secure data are in high need. The market will witness “V” shape recovery in near future owing to the restart of key industries in major economies.
Segmental Outlook
The global digital vault market is segmented based on components, deployment mode, organization size, and the end-user industry. Based on the components, the market is bifurcated into software and solutions, and professional services. Among these, the software and solutions segment holds a significant share in the market due to the rising demand for secure data in organizations through the software. Based on the deployment mode, the market is classified into on-premises, and cloud-based. Based on the organization's size, the market is segmented into large enterprises and small and medium-sized enterprises. Apart from it, based on the end-user industry, the market is classified into BFSi, IT and telecom, healthcare, consumer goods and retail, government and defense, and other end-users.
Global Digital Vault Market, by Components 2021 (%)
Software and Solutions Segment to Hold a Prominent Share in the Global Digital Vault market
Amongst the components segment of the global digital vault market, the software and solutions segment is projected to grow at a substantial rate during the forecast period. Data security has become the priority for every organization and business owing to the huge number of explosions of sensitive data in the cloud and mobile environments, data lakes, and other big data repositories. The Data-centric software and solutions protect the data everywhere such as at rest, in motion, or in use, and also audit the data with standard rules and protocols, which are the factors that are driving the growth of the market during the forecast period.
Regional Outlook
The global digital vault market is segmented into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). The North American region is expected to dominate the market, followed by Europe and Asia-Pacific. This is due to several prominent digital vault software and solutions providers, and software platform suppliers, which are based in North America. On the other side, as technology advances industries such as manufacturing and healthcare, are investing actively in cutting-edge technologies which propel the growth of the market during the forecast period.
Global Digital Vault Market Growth, by Region 2022-2028
Asia-Pacific is Anticipated to Hold a Prominent Share in the Global Digital Vault Market
Asia-Pacific is anticipated to hold a prominent share in the global digital vault market. In the region, China, South Korea, Japan, Singapore, and India are showing rapid progress. This is due to the rising adoption of mobile devices in the region. Enterprises and SMEs in the Asia-pacific region are acknowledging the importance of digital vaults and are open to implementing dedicated digital vault solutions to protect their critical and sensitive business data from commercial espionage, cyber threats, and data misuse for monetary gain by computer hackers. Apart from it, government support such as the Indian government's "Make in India" program has built a technology center of excellence for enterprises and start-ups. In addition, the government's ambition to build 100 smart cities across the country will grow the regional market.
Market Players Outlook
The key players functioning in the global digital vault market include IBM Corp., Orange S.A., Informatica, LLC, Broadcom, Inc., Varonis Systems, Inc., Lepide, and NetApp, Inc, among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. For instance, in June 2020, IBM Corp. announced the acquisition of Spanugo, a US-based provider of cloud cybersecurity posture management solutions. IBM has planned to integrate the Spanugo software into its public cloud, to meet the security demands of its clients in a highly regulated business.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital vault market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Digital Vault Industry
• Recovery Scenario of Global Digital Vault Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Broadcom, Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. IBM Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Informatica, LLC
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Orange S.A.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Varonis Systems, Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Digital Vault Market by Components
4.1.1. Software and Solutions
4.1.2. Professional Services
4.2. Global Digital Vault Market by Deployment Mode
4.2.1. On-Premises
4.2.2. Cloud-Based
4.3. Global Digital Vault Market by Organization Size
4.3.1. Large Enterprises
4.3.2. Small and Medium-Sized Enterprises
4.4. Global Digital Vault Market by End-User Industry
4.4.1. BFSI
4.4.2. IT and Telecom
4.4.3. Healthcare
4.4.4. Consumer Goods and Retail
4.4.5. Government and Defense
4.4.6. Other End-User (Manufacturing)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BigID, Inc.
6.2. Concentric.AI
6.3. Dathena Science
6.4. Digital Guardian, Inc.
6.5. Egnyte, Inc.
6.6. Fasoo Co. Ltd.
6.7. Forcepoint LLC
6.8. HelpSystems LLC
6.9. Imperva, Inc.
6.10. Infogix, Inc.
6.11. Lepide USA, Inc.
6.12. Micro Focus International Plc
6.13. NetApp, Inc
6.14. Netwrix Corp.
6.15. NextLabs, Inc.
6.16. PKWARE, Inc.
6.17. Protegrity, Inc.
6.18. SEALPATH Technologies S.L.
6.19. Seclore, Inc.
6.20. SecuPi
6.21. SECURITI.ai
6.22. Talend, Inc.
1. GLOBAL DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2021-2028 ($ MILLION)
2. GLOBAL SOFTWARE AND SOLUTIONS FOR DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PROFESSIONAL SERVICES FOR DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
5. GLOBAL ON-PREMISES DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CLOUD-BASED DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
8. GLOBAL DIGITAL VAULT FOR LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIGITAL VAULT FOR SMALL AND MEDIUM-SIZED ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
11. GLOBAL DIGITAL VAULT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DIGITAL VAULT FOR IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DIGITAL VAULT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DIGITAL VAULT FOR CONSUMER GOODS AND RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DIGITAL VAULT FOR GOVERNMENT AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL DIGITAL VAULT FOR OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2021-2028 ($ MILLION)
20. NORTH AMERICAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
22. NORTH AMERICAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
23. EUROPEAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2021-2028 ($ MILLION)
25. EUROPEAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
26. EUROPEAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
27. EUROPEAN DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
33. REST OF THE WORLD DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2021-2028 ($ MILLION)
34. REST OF THE WORLD DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
35. REST OF THE WORLD DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD DIGITAL VAULT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DIGITAL VAULT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DIGITAL VAULT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL DIGITAL VAULT MARKET, 2022-2028 (%)
4. GLOBAL DIGITAL VAULT MARKET SHARE BY COMPONENTS, 2021 VS 2028 (%)
5. GLOBAL SOFTWARE AND SOLUTIONS FOR DIGITAL VAULT MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL PROFESSIONAL SERVICES FOR DIGITAL VAULT MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DIGITAL VAULT MARKET SHARE BY DEPLOYMENT MODE, 2021 VS 2028 (%)
8. GLOBAL ON-PREMISES DIGITAL VAULT MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL CLOUD-BASED DIGITAL VAULT MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL DIGITAL VAULT MARKET SHARE BY ORGANIZATION SIZE, 2021 VS 2028 (%)
11. GLOBAL DIGITAL VAULT FOR LARGE ENTERPRISES MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DIGITAL VAULT FOR SMALL AND MEDIUM-SIZED ENTERPRISES MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DIGITAL VAULT MARKET SHARE BY END-USER INDUSTRY, 2021 VS 2028 (%)
14. GLOBAL DIGITAL VAULT FOR BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL DIGITAL VAULT FOR IT AND TELECOM MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL DIGITAL VAULT FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL DIGITAL VAULT FOR CONSUMER GOODS AND RETAIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL DIGITAL VAULT FOR GOVERNMENT AND DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL DIGITAL VAULT FOR RESIDENTIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL DIGITAL VAULT FOR OTHERS END-USER MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. GLOBAL DIGITAL VAULT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. US DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
23. CANADA DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
24. UK DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
25. FRANCE DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
26. GERMANY DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
27. ITALY DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
28. SPAIN DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF EUROPE DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
30. INDIA DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
31. CHINA DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
32. JAPAN DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
33. ASEAN DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF ASIA-PACIFIC DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD DIGITAL VAULT MARKET SIZE, 2021-2028 ($ MILLION)
