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Digital Vault Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The global digital vault market is estimated to value over US$ 900 million by the end of 2026 and register a CAGR of 11.4% during the forecast period of 2019 to 2026. The advent of digital technologies like IoT, machine learning and big data genera
Digital Vault Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
The global digital vault market is estimated to value over US$ 900 million by the end
of 2026 and register a CAGR of 11.4% during the forecast period of 2019 to 2026.
The advent of digital technologies like IoT, machine learning and big data generate a
humongous amount of critical data that needs to be protected against cyber threats.
Stringent data protection compliances and regulations across the globe, increase in
demand for long-term storage of confidential data, need to control data loss, and
ability to securely store sensitive data at any location are fulfilled by the digital
vaults. Firewalls, multilevel encryption techniques and robust access control
solutions ensure the security of digital vault solutions and hence market players need
to continuously focus on providing up to date versions. Also, innovative custom
solutions focused on monitoring access history using detailed audit logs key rolling
are exclusively facilitated by digital vaults.
Thus the global digital vault market is expected to grow at a noteworthy CAGR over
the forecast period of 2019-2026.
Global Digital Vault Market Restraints
• Low awareness about digital solutions and other measures developed for data
security
• Selecting right information technology for tailored solutions due to inability to
understand vendor terminologies
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Global Digital Vault Market, by Component
+ Solutions
> Digital Asset Management
> Identity and Access Management
> Data Loss Prevention
+ Services
Global Digital Vault Market, by Services
+ Consulting
+ Managed Services
+ Design and Implementation
+ Support and Maintenance
Global Digital Vault Market, by Organization Size:
+ Small and Medium-Sized Enterprises
+ Large Enterprises
Cost-effectiveness, flexibility and scalability provided by the digital vaults are factors
attracting momentous adoption from small and medium enterprises in various
sectors especially in telecom, BFSI and IT. Thus, the small and medium enterprises
sub-segment is supposed to demonstrate a predictably impressive growth during the
forecasted period.
Global Digital Vault Market, by End-User
+ IT and Telecommunications
+ Government
+ BFSI
+ Defence
+ Real Estate
+ Others
The BFSI segment is anticipated to dominate the global digital vault market in the
upcoming period. Security challenges, vulnerability towards financial frauds and
stringent norms related to sensitive financial data involved in BFSI are factors that
would continue to encourage an upward growth of the segment irrespective of the
geographic locations. Government and defence sector under other sub-segments are
estimated to grow a rapid pace in the wake of global data security issues.
Global Digital Vault Market, by Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
High risk of identity theft and greater adoption of innovative information and
communication technology solutions in the North America region are fuelling the
significant growth of the digital vault market projecting this region in the forefront.
North America is estimated to dominate the global digital vault market in coming
years. Rapid digitalization of various verticals is nurturing swift growth in the APAC
region. Besides, the increased demand to protect customer and employee data are
expected to boost the growth at a lucrative CAGR in APAC during the forecasted
period.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
Future Wise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide with an exhaustive analysis on the global digital vault market by
component, by service, by organisation, by end-user, and by Region
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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