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Archiving Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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A rapidly growing information and technology sector has increased the importance of data and document management. Managing and maintaining data such as e-mails, photos, and financials along with survey data and voicemails is a tedious task for any organization. Furthermore, inactive data occupies a huge part of storage space from the primary storage system. Inactive data is the data that is not required immediately but could be required in the future by the organization. The process of moving such nonactive data to a separate storage device so that it could be recovered or retained after a long time is called archiving. To address the archiving concerns, many companies have introduced archiving software. Archiving software manages and controls archived data for users. The major advantage of using archiving software is the improved efficiency of storage infrastructure. 

The intensive penetration of social media platforms such as Facebook, Twitter, and Instagram has led to the massive increase in data repositories. Demand for archiving software is increasing due to the necessity of managing these large data repositories. The need for data discovery is also generating demand for archiving software. Organizations are capturing a huge amount of data from sources such as security, business analytics, and other internal sources, which is further increasing the need for archiving software. Archiving software enables an organization to locate essential files with ease. Additionally, the primary driver of the archiving software market is the increased demand for data visibility and data management in information, communication, and technology companies. Archiving software’s storage optimization function and granularity are helping organizations manage data efficiently and avoid loss. The need for organizations to store data other than just emails has increased and archiving software caters to this essential need of businesses. The ability of the archiving software to search information by data types such as pdf and HTML is important for data sorting. Archiving software can handle a wide range of data types, which makes it highly flexible among different industry verticals. The increasing number of archival software vendors has made the market highly competitive. The emergence of virtual archive software, eliminating the need for hardware setup is one of the growing trends in the archiving software market. Growing investments in emerging countries such as China and India are anticipated to further increase the competition in the archival software market. 
 
On-premise and cloud-based are the two deployment methods used for the archiving software market. The archival software market is further divided in two segments according to enterprise size: small and medium enterprises (SMEs) and large enterprises. Telecommunication, information technology, banking and financial institutes, healthcare, and manufacturing are some of the industries that use archiving software for data management. The archiving software market is also divided into five regional segments: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America.

Some of the key vendors of archiving software are Waterford Technologies, EMC Corporation, NTP Software, Inc., ArcMail, CommVault Systems Inc., Iron Mountain Incorporated, ASG Technologies, Autonomy Corporation PLC, Archive Power Systems Inc., QStar Technologies, and Quantum Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.   


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