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Global Digital Vault Market 2021 Key Players, Industry Overview, Supply Chain and Analysis

Digital Vault

The report focuses on the favorable Global “Digital Vault market” and its expanding nature. The Digital Vault market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The digital vault market is expected to register an estimated CAGR of 12% over the forecast period (2019-2024). Digital vaulting enables the organizations and firms to send copies of the important data off-site in order to protect it from theft, hardware failure and other threats.
  • – The adoption of digital vault by Montana Historical Society (MHS), is one such instance, that provides MHS a platform that organizes and provides context for photographs, maps, letters, newspapers, articles and other types of resources.
  • – The growing number of IoT connections has resulted in the generation of an enormous amount of multiple formats of data which needs to be stored safely and securely to keep it away from threats and thefts.
  • – HIPAA Journal stated that the one of the largest data breach occurred at AccuDoc Solutions which affected 2.65 million individuals. The incident was later regarded as a hacking/IT incident. Such incidents stresses the need of digital vaults to safegaurd the businesses and drives the demand.
  • – Various government initiatives with the objective of digitally empowering the citizens, minimizing the handling of physical documents, authentic documentation to minimize fraud and forgery, reducing government administrative overheads and anytime anywhere access of data are other factors being fundamental in driving the digital vault market.

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    Key Manufacturers

  • Johnson Controls International PLC
  • CyberArk Software Ltd.
  • Accruit
  • LLC
  • TokenEx
  • Oracle Corporation
  • Keeper Security
  • Multicert
  • Hitachi Limited

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Digital Vault market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Digital Vault market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Digital Vault market have also been involved in the study.

    Scope of the Report:

  • Digital vaults provide the firms and businesses with a secure, encrypted online storage solution that allows them to securely manage, share or deliver files. Digital vaults are segmented based upon the type such a solutions and services. The digital valuts have found applications in the fields of banking and financial sectors, telecommunication, government sectors and are deployed based on two types viz. on-premise and cloud based.
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    TOC of Digital Vault Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Digital Vault market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Digital Vault Market Report Covered:

    • The report analyses how Digital Vault market will grow in the future.
    • Analyzing various perspectives of the Digital Vault market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Digital Vault market shares and policies employed by the major market players.
    • Competitive landscape including the Digital Vault market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Digital Vault market players

    Key Market Trends:

    Cloud-based Digital Vaults to Register a Significant Growth

    – Cloud based digital vaults enable the end users to store the required information on the vendor’s servers which can be accessed remotely anywhere and at any time thus reducing theri cost factor for on premise maintenance.
    – The cloud based digital vaults save a lot of upfront costs and IT expenses as compared to on-premise digital vaults which require hardware’s and software integration leadind to an increase in the IT spending.
    – Digital locker is an initiative of Department of Electronics & Information Technology (DEITY) under Ministry of Communications & IT, Government of which provides its citizens 10MB of free online storage space to store important documents and certificates in soft copy in different formats which can be shared through e-mails if needed.
    – The growing number of data breaches is expected to influence the businesses to opt for a digital vault in turn boosting the market demand over the forecast period.

    Owing to GDPR Adoption is Expected to Share Significant Growth

    – The increase in digitization and the need for data privacy has given rise to store all the important documents and passwords in a secure digital format as in digital vaults or lockers.
    – The an Union on May 25, 2018, implemented the General Data Protection Regulations (GDPR) that states guidelines and the responsibilities of the institutions doing business with the an citizens to keep the consumer data safe. Such initiatives by the government are expected to drive the market in a positive way.
    – an commission’s online platform, Digital Single Market is a kind of digital vault that has given access to citizens and the Cultural and Creative Industries (CCIs) to over 53 million items including image, text, sound, video and 3D material from the collections of over 3700 libraries, archives, museums, galleries and audio-visual collections across .

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    Study objectives of Digital Vault Market Report:

    • To provide a detailed analysis of the market structure along with the Digital Vault market forecast of various segments and sub-segments of the Digital Vault market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Digital Vault market trends that influence the global Digital Vault market

    Detailed TOC of Digital Vault Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Threat of New Entrants
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Bargaining Power of Suppliers
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Introduction to Market Drivers and Restraints
    4.4 Market Drivers
    4.4.1 Data Privacy and Secured File Sharing Concerns
    4.4.2 Handling of Data Generated through Connected Devices
    4.5 Market Restraints
    4.5.1 Use of Physical Vault
    4.6 Industry Value Chain Analysis

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-premise
    5.1.2 Cloud
    5.2 By Type
    5.2.1 Solutions
    5.2.2 Services
    5.3 By End User
    5.3.1 BFSI
    5.3.2 IT & Telecommunication
    5.3.3 Government
    5.3.4 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.2
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Johnson Controls International PLC
    6.1.2 CyberArk Software Ltd.
    6.1.3 Accruit, LLC
    6.1.4 TokenEx
    6.1.5 Oracle Corporation
    6.1.6 Keeper Security
    6.1.7 Multicert
    6.1.8 Hitachi Limited

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

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