The global digital vault market is anticipated to grow significantly at a CAGR of 20.2% over the forecast period. The key companies across the globe are adopting different business strategies including expanding their geographic presence, R&D activities, new product approvals, mergers & acquisitions, partnerships, and collaborations to increase market share. For instance, in August 2020, Lepide and Sherpa Software announced the strategic partnership between the companies, which has combined Lepide’s disruptive, scalable, enterprise Data Security Platform with Sherpa’s award-winning data governance, classification, remediation, and e-discovery platform.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/digital-vault-market
In May 2021, Varonis Systems, Inc. has announced assistance for additional cloud applications and infrastructure through DatAdvantage Cloud, a solution that visualizes and prioritizes security risk across today’s mission-critical SaaS applications and cloud data stores. The company has achieved success in assisting Microsoft 365 and Azure, and with the acquisition of Polyrize in October 2020, the company has brought Varonis' proven approach to additional SaaS applications.
In September 2020, Forcepoint Inc. has announced the launch of Forcepoint Data Diode, a hardware solution that allows uni-directional data flow to enable quick, automated data transfer while ensuring compliance with maintaining guidelines. Configurable for easier operations and maintenance, Forcepoint Data Diodes assist secure networks, devices, and other digital assets from external cyber threats within a flexible, easy-to-use, and cost-efficient design. Data diodes are used to regulate the flow of data between two networks with varying levels of security. Diodes can also be used to connect a secure network to external systems or the cloud, making them a good component for hybrid IT and telework scenarios. Thus the mergers and acquisitions, and the technological advancement by the major players for securing data are to propel the growth of the global Digital Vault market.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Components
o By Deployment Model
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., Orange S.A., Informatica, LLC, Broadcom, Inc., Varonis Systems, Inc., Lepide, and NetApp, Inc, among others
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?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Digital Vault Market – Segmentation
By Components
By Deployment Mode
By Organization Size
By End-User Industry
Global Digital Vault Market – Segmentation by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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