Enterprise Information Archiving Market Size to Surpass USD 22.23 Billion by 2032 | SNS Insider

Enterprise-Information-Archiving-Market

The Enterprise Information Archiving Market is growing as businesses adopt secure, scalable solutions for data retention, compliance

AUSTIN, TX, UNITED STATES, February 7, 2025 /EINPresswire.com/ — The Enterprise Information Archiving Market size was USD 7.41 Billion in 2023 and is expected to reach USD 22.23 Billion by 2032 and grow at a CAGR of 13.01% over the forecast period of 2024-2032. The growth is fueled by compliance requirements across industries, the widespread use of cloud-based solutions, and the incorporation of advanced technologies such as machine learning and blockchain.

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Keyplayers:
Microsoft – Microsoft 365 Compliance Center
Google – Google Vault
IBM – IBM Cloud Pak for Data
Barracuda Networks – Barracuda Message Archiver
Mimecast – Mimecast Cloud Archive
Veritas Technologies – Veritas Enterprise Vault
ZL Technologies – ZL Unified Archive
Proofpoint – Proofpoint Enterprise Archive
Symantec – Veritas Enterprise Vault
Veeam Software – Veeam Backup & Replication
Commvault – Commvault Data Platform
Sophos – Sophos Email Archiving
Dell Technologies – Dell EMC Elastic Cloud Storage
Opentext – OpenText Archive Center
X1 Search – X1 Social Discovery
Micro Focus – Micro Focus Content Manager
Actiance – Actiance Archiving
Skyhigh Security – Skyhigh Cloud Security Archive
GFI Software – GFI Archiver
Nutanix – Nutanix Objects

By Component, the Content-Type Segment Leads the Market, While the Services Segment Sees Strong Growth
The Content-type segment dominated the market, holding the largest share at more than 68.88% in 2023. This dominance is due to the vast numbers of digital communication channels that are evolving in organizations. With emails, social media channels, instant messaging, collaboration tools, and cloud-based applications rapidly being adopted by businesses, the number of data formats and sources has exponentially increased.
The Services segment is projected to experience the highest CAGR of 13.61% during the forecast period. The growth in this segment is being driven by the rising demand for specialized services.

By Deployment, Cloud Segment Dominates EIA Market, While On-Premises Solutions See Growing Adoption
In 2023, the Cloud segment dominated the market with a significant revenue share of 71.86%. Cloud-based EIA solutions have scaled well because they are flexible, scalable, and inexpensive. It has become very convenient to allow the automatic scaling of cloud-based EIA systems for remote access with other applications running on clouds.

The On-Premises segment is expected to grow at a CAGR exceeding 13.52%. The adoption of on-premises deployment for EIA solutions is increasing due to the need for enhanced control, security, and compliance.

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By Organization Size, Large Enterprises Lead EIA Market, While SMEs Drive Fastest Growth
The Large Enterprise segment accounted for over 67% of the market share in 2023. The key drivers in large enterprises are regulatory compliance, efficient data management, and risk mitigation. Large organizations are highly regulated by frameworks such as GDPR, HIPAA, and SOX, and hence EIA solutions are of prime importance in managing and protecting data.

The Small & Medium Enterprises (SMEs) segment is expected to register the highest growth rate during the forecast period 2024-2032, driven by the need for cost-effective, scalable data management solutions.
By End-Use, BFSI Dominates Connected Mining Market, While Healthcare & Life Sciences Sees Rapid Growth
In 2023, the BFSI segment held the largest share of the connected mining market. This dominance is due to the critical need for data-driven solutions within the BFSI sector towards improving operational efficiency, enhancing regulatory compliance, and deriving better decisions through analytics, thereby providing real-time analysis.

The Healthcare & Life Sciences segment is expected to experience the highest growth rate during the forecast period 2024-2032. The increasing adoption of connected devices, IoT solutions, and AI-powered technologies in the healthcare sector is driving this trend.
By Region, North America Leads the EIA Market, While Asia Pacific Shows Strong Growth Potential
North America dominated the market, representing over 40.23% of the revenue share in 2023. The compliance-driven business sectors like BFSI and healthcare are leading the market in North America, where data protection and privacy regulations such as GDPR and HIPAA are stringent.
The Asia Pacific enterprise information archiving market is anticipated to witness over 14.79% growth from 2024 to 2032, owing to the increasing adoption of cloud solutions in the region.

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