A Look at the Global Digital Vault Market Securing the Future

Digital vault market is anticipated to grow at a CAGR of 5.8% during the forecast period (2024-2031). The market growth is driven by the increasing risk of cyberattacks. Digital vault is an integrated solution for any organization that processes high-value data. The global digital vault market is in the nascent stage and is expecting stable growth during the forecast period as end-users are concerned about data security. The key players are focusing on business strategies including new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and more, to survive in a competitive environment. 

Browse the full report description of “Digital Vault Market Size, Share & Trends Analysis Report by Component (Software and Solutions, and Professional Services), by Deployment Mode (On-Premises, and Cloud-Based), by Organization Size (Large Enterprises, and Small and Medium-Sized Enterprises), by End-User (BFSI, IT and Telecom, Healthcare, Consumer Goods and Retail, Government and Defense, and Other End-User (Manufacturing)) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/digital-vault-market

Few Recent Developments-

• In June 2024, Veeva Systems announced that Hangzhou Tigermed Consulting Co., Ltd. ("Tigermed") has chosen Veeva Vault EDC as its core technology for modern electronic data capture (EDC). By utilizing Vault EDC, Tigermed will be able to streamline complex data management, enabling faster study builds and mid-study amendments without any downtime. These enhancements are expected to significantly improve Tigermed's clinical data management, benefiting both its customers and the industry.

• In May 2024, Veeva Systems unveiled Veeva Vault Basics, a new package designed specifically for biotech companies. This offering includes technology, training, and support, allowing fast-growing biotechs to deploy industry-leading Veeva Vault applications without any implementation or maintenance costs. Vault Basics enables these companies to quickly adopt applications based on industry best practices, providing a scalable foundation for managing growth. Currently, ten biotech companies are using Vault Basics to enhance efficiency, speed, and compliance.

• In April 2024, Clearstream plans to invest in Digital Vault Services (DVS), a leading fintech company specializing in the issuance and safekeeping of digital bank guarantees and sureties across Europe. This investment will enable DVS to enhance and expand its services as a market infrastructure solution for both corporate and financial institutions. In the mid-term, the plan is to integrate DVS’s Guarantee Vault with D7, the digital post-trade platform of Deutsche Börse, and its post-trade business, Clearstream.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered-

o By Components

o By Deployment mode

o By Organization Size  

o By End-user industry

• Regions Covered-

o North America

o Europe 

o Asia-Pacific

o Rest of the World

• Competitive Landscape- IBM Corp., Oracle Corp., Hitachi Vantara, Johnson Control, Inc., Microsoft Corp., and Fiserv, Inc

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Digital Vault Market Report Segmentation

By Components

• Software and Solutions
• Professional Services

By Deployment mode

• On-Premises
• Cloud-Based

By Organization Size

• Large Enterprises
• Small and Medium-Sized Enterprises

By End-user industry

• BFSI
• IT and telecom
• Healthcare
• Consumer Goods and Retail
• Government and Defense
• Other End-Users

Global Digital Vault Market Report Segmentation by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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