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Structured Data Archiving and Application Retirement Software Market

Structured Data Archiving and Application Retirement Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Global Structured Data Archiving and Application Retirement Software Market - Introduction

  • A structured data archiving (SDA) platform transfers data from commercially provided or custom-provided applications to a database management system (DBMS) or substitute file system while maintaining data admittance and referential reliability. It can easily reduce storage acquisition expenditure, environmental footprints, facility requirements, and the cost of maintaining data for compliance once retiring applications.
  • Application retirement software records legacy application information for long-term storage while implementing retention management policies along with retaining reporting access. This solution provides a secure, centralized, and compressed recorded data storage with embedded compliance management abilities for defensible disposition as well as for legal holding.
structured data archiving and application retirement software market

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Impact of Coronavirus (COVID-19) on the Structured Data Archiving and Application Retirement Software Market

Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19) has a negative impact on the structured data archiving and application retirement software market. During the period of Coronavirus (COVID-19), various industries such as aviation have shut down their operations, while following respective government guidelines to maintain social distance, which is expected to negatively impact the growth of the structured data archiving and application retirement software market.  

Increasing Demand for Information Governance Strategies across Organizations Expected to Drive the Global Structured Data Archiving and Application Retirement Software Market

  • Increasing complexity from stringent regulations, data volumes, legal discovery requirements, and new database applications is leading to various challenges for organizations. Therefore, organizations are adopting structured data archiving and application retirement software to address these challenges, which can easily empower organizations to store as well as manage various types of data generated during operations.
  • Structured data archiving (SDA) platforms allow information governance strategies which obtained from database records across enterprises. The preliminary use cases of structured data archiving (SDA) are for decommissioning/ retirement of legacy databases and for data archiving via production databases.
  • The impact of this driver is expected to be high throughout the forecast period. Use of structured data archiving and application retirement software is on the rise across the globe, led by increasing demand for information governance strategies across organizations. This is expected to boost the global structured data archiving and application retirement software market in the next few years.

Lack of Awareness across Small-scale Organizations Expected to Hamper the Structured Data Archiving and Application Retirement Software Market

  • Across developing nations, small-scale organizations are still unaware about the benefits of structured data archiving and application retirement software; instead they still use traditional methods (records and information management (RIM) solutions).
  • Therefore, lack of awareness across small-scale organizations is expected to hamper the structured data archiving and application retirement software market.
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North America to Account for Major Share of the Global Structured Data Archiving and Application Retirement Software Market

  • In terms of region, the global structured data archiving and application retirement software market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • North America is anticipated to account for major share of the global structured data archiving and application retirement software market during the forecast period due to increasing IT investment across organizations, indicating potential growth of the market. Europe is expected to be the second largest market for structured data archiving and application retirement software from 2020 to 2030.
  • Asia Pacific is projected to be a rapidly growing market for structured data archiving and application retirement software during the forecast period due to technological advancements and increasing focus on reducing operational costs across organizations, specifically in India, Japan, and China.

Key Players Operating in the Global Structured Data Archiving and Application Retirement Software Market Include:

  • IBM Corporation
  • Actifio Inc.
  • Datavard AG
  • Dell Inc.
  • Delphix
  • Informatica
  • Micro Focus
  • Microsoft Corporation
  • Open Text Corporation
  • Solix Technologies

Global Structured Data Archiving and Application Retirement Software Market: Research Scope

Global Structured Data Archiving and Application Retirement Software Market, by Deployment

  • Cloud
  • On-premise

Global Structured Data Archiving and Application Retirement Software Market, by Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

Global Structured Data Archiving and Application Retirement Software Market, by Application

  • Long Term Data Retention
  • Data Retrieval

Global Structured Data Archiving and Application Retirement Software Market, by Industry

  • BFSI
  • Education
  • Manufacturing
  • Telecom & IT
  • Others
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