Enterprise Information Archiving Market: Overview
Enterprise Information Archiving (EIA) is a virtual data repository that stores data in high capacity, less costly and low power consuming archive storage devices such as tape libraries and cloud storage instead of costly and power consuming primary storage. Data can be classified into structured and unstructured data. Structured data can be referred as alphabets, numbers and can be easily processed and stored whereas unstructured data can be referred as email, images, audio and video files.
Enterprise Information Archive stores inactive enterprise data in archive storage so that it can be accessed whenever required. EIA products provide the end-users with features such as single storage for structured and unstructured data, content indexing and data discovery. Information archiving enables the companies to manage and dispose information according to regulatory and business requirements. EIA was initially introduced for archiving email content, however, gradually it expanded to include social media and instant messaging content.
Enterprise Information Archiving Market: Segmentation
EIA can be segmented on the basis of content type such as e-mail and social media amongst many and deployment type such as on-premise, hosted and cloud. The on-premise has storage location and management in the company itself, in hosted segment the archives are located in the service provider’s centers and in cloud segment the cloud storage is used for storing archives. EIA has a strong presence in North America market, followed by Europe and Asia Pacific market, due to stringent government standards and regulations formulated for various sectors and high adoption rate of cloud technology.
Enterprise Information Archiving Market: Trends and Regulatory Overview
In recent years, the size of useful data in an organization has increased tremendously to zettabytes (one billion terabytes) with majority being unstructured data. The organizations need to manage this huge amount of data which can be done with the support of EIA. EIA would enable the organizations with regulatory compliance for data retention, increased operational productivity, authorized access to information and cost reduction for data backup. Rising demand for cost effective storage processes, increasing need for data retention for regulatory compliances and increasing demand for business performance are the factors driving the EIA market.
Enterprise Information Archiving Market: Restraints
Different regulatory compliances across globe has made information archiving difficult for the service providers. Modification of data is not possible once it is archived would have an impact on EIA market. Searching of unstructured data is difficult as indexing of metadata is still a challenge for the technology providers. Absence of standardized product for data types such as e-mail, documents and video would further hinder the growth of market. Restoration of data would require an isolated environment as it could affect the current data. Cloud deployment of the archived data could have issues such as security, privacy and limited control of infrastructure whereas on-premise deployment could lead to high cost and increased theft risk.
Enterprise Information Archiving Market: Key Players
The major participants in the enterprise information archiving market include companies such as Actiance Incorporation, Barracuda Networks Incorporation, Bloomberg L.P., Commvault Systems Inc., Global Relay Communications Inc., Google Incorporation, International Business Machine (IBM) Corporation, Microsoft Corporation, Mimecast and Veritas Software 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, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, 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.