Data Archiving Software Market Scope
Data Archiving Software is a virtual storage program that supports enterprises in retaining and rapidly retrieving structured and unstructured data over time while complying with security standards. Data Archive software is used to create and manage a digital file repository, simplifying the transportation and storage of archived files in a sophisticated hierarchy while speeding up access and maintaining security. It will contain features overlapping enterprise search, data governance and eDiscovery, and some features in common with ECM.
Data Archiving Software market is a fragmented market due to the presence of various players. The players are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Data Archiving Software market throughout the predicted period.
Microsoft Corporation (United States), Amazon Glacier (United States), IBM (United States), Oracle (United States), Commvault (United States), Druva Phoenix (United States), Veritas Enterprise Vault (United States), Quest Software Inc. (United States), Open Text Corporation (Canada) and Jatheon Technologies (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Barracuda Networks, Inc. (United States), Micro Focus (United Kingdom), Mimecast (United Kingdom), Smarsh (United States), Easy Software AG (Germany) and ATEMPO (France).
Segmentation Overview
The study have segmented the market of Global Data Archiving Software market , by Application (Email Archiving, Data Deduplication, User Access Controls, Document Management, eDiscovery and Others) and Region with country level break-up.
On the basis of geography, the market of Data Archiving Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Majority of Organizations Leverage Hybrid Approach to eDiscovery and Ensure Compliance with Government and Internal Record Retention Policies
Market Growth Drivers:
Provide High-Efficiency Low-Cost Storage for Data Retention, Automated Data Retrieval and Retention, With Reporting and Reduces the Amount of Storage Space
Challenges:
Selection of Right Software is Crucial, to Maximize Return on Investment (ROI) and Integration with Others Networks and System
Restraints:
Price Will Be Far Greater For Complex Corporations Facing Onerous Regulatory Requirements and End-to-End Data Integrity and Security
Opportunities:
Enhancements in Technology Such As Cloud Storage Relies On Private or Hosted Servers and Offers Many Advantages and Automation and AI, the Future of Data Archiving
Market Leaders and their Expansionary Development Strategies
On March 6, 2019, Veritas Technologies, a worldwide leader in enterprise data protection and software-defined storage, has announced that it has acquired APTARE, Inc. a privately-held software company based in Campbell, California. APTARE is a global leader in analytic solutions for hybrid cloud environments and the industry's leading open and extensible IT analytics platform.
On November 19, 2019, OpenText, a global leader in Enterprise Information Management (EIM), has announced an expansion to the OpenText Cloud in Japan, with expanded domestic data centers in Tokyo and Osaka.
With the introduction of the General Data Protection Regulation (GDPR), archiving static information from both production and legacy systems becomes even more important. Organizations archive data as a key component of their information lifecycle management strategies.
Key Target Audience
Data Archiving Software Vendors, Software & Service Providers, Software Integrators and Developers, Business Houses and Agencies, Government & Public Sectors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.