The global digital vault market size to grow at a CAGR of 13.6% during the forecast period
However, the challenge of diversified IT ecosystem leading to complex deployment of digital vault software could restrain the market growth.
Design and implementation services segment to grow at the highest CAGR during the forecast period
Designing and implementing a comprehensive and robust security framework is one of the basic and most important steps of protecting an infrastructure from physical as well as security attacks. These data security systems are designed according to the standards and compliances set by government bodies and organizations. Designing a data or information security architecture requires network mapping and the blueprint of the entire system.
This could be achieved by identifying network assets; analyzing security risks; developing security plans and policies; and training, implementing, and maintaining security. Design and implementation also includes integration of digital vault solutions with organizations’ IT ecosystem.
North America to hold the largest market size and and APAC to grow at the highest CAGR during the forecast period
North America is the leading region in the global digital vault market. The region has developed economies (the US and Canada), which give it an upper hand over other regions in terms of utilization of highly secured platform for storing data gathered from vital sources. The region is poised to provide immense growth opportunities for digital vault vendors due to the increasing demand for secured repository for long-term storage of critical information.
The financial sector needs to be preventive than responsive for securing the information related to customers and enterprises. Banks and financial institutions are indulged in continuous business operations in which important documents need to be stored. The US and Canada are at the forefront, as they increasingly invest in R&D activities, thereby contributing to the development of innovative technologies.
APAC constitutes of major economies, such as Singapore, South Korea, Japan, China, India, and Australia. Large enterprises and SMEs in APAC countries are realizing the significance of data security and are receptive toward adopting dedicated encryption solutions to protect their critical and sensitive business data from commercial infiltration, cyber threats, and misuse of data for monetary gains by computer hackers.
The developed countries in APAC, such as Australia, Japan, and Singapore, have largely considered data security software that are compliant with regulations regarding encryption and implementation of these solutions to cater to the unparalleled data security needs for businesses.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital vault marketplace.
- By Company type: Tier 1: 70%, Tier 2: 25%, and Tier 3: 5%
- By Designation: C-level executives: 45%, Directors: 35%, and Others: 20%
- By Region: North America: 17%, Europe: 42%, APAC: 25%, South America: 8%, and Middle East and Africa: 8%
Major vendors in the digital vault market include Johnson Controls (Ireland), CyberArk (US), IBM (US), Oracle (US), Hitachi (Japan), Microfocus (UK), Fiserv (US), Symantec (US), Microsoft (US), Multicert (Portugal), Keeper Security (US), Accruit (US), DSwiss (Switzerland), Safe4 (UK), TokenEx (US), Logic Choice (US), Eclypses (US), Harshicorp (US), Insoft Software (Germany), DaxTech IT Solutions (Canada), eOriginal (US), LexTrado (South Africa), OPSWAT (US), FutureVault (Canada), and ENC Security (Netherlands).
Research Coverage:
The report includes an in-depth competitive analysis of key players in the global digital vault market, along with their company profiles, recent developments, and key market strategies. The report segments the global digital vault market by component (solutions and services), services, organization size, industry, and region.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in the digital vault market with information on the closest approximations of the revenue numbers for the overall digital vault market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Digital Vault Market: Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Forecast
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Digital Vault Market
4.2 Market Top 3 Industries and Regions
4.3 Market By Region
4.4 Market Investment Scenario
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Regulations and Compliances to Protect Sensitive Data
5.1.1.2 Rising Concern for Protecting Data Generated From Connected Devices
5.1.2 Restraints
5.1.2.1 Lack of Awareness About Data Security Measures
5.1.3 Opportunities
5.1.3.1 Increasing Need for Cloud-Based Security Solutions
5.1.4 Challenges
5.1.4.1 Lack of IT Cybersecurity Skills
5.1.4.2 Diversified IT Ecosystem Leads to Complex Deployment of Digital Vault Software
6 Digital Vault Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Identity and Access Management
6.2.1.1 Increasing Use of Connected Devices to Fuel the Growth of Identity and Access Management Solutions
6.2.2 Data Loss Prevention
6.2.2.1 Increasing Implementation of Government Regulations and Laws to Fuel the Growth of Data Loss Prevention Solutions
6.2.3 Digital Asset Management
6.2.3.1 Need for Managing the Crucial Information Within Enterprises to Increase the Demand for Digital Asset Management Solutions
6.2.4 Privileged Account Management
6.2.4.1 Critical Need for Protecting Data From Unauthorized Users to Fuel the Growth of Privilege Account Management Solutions
6.3 Services
7 Digital Vault Market, By Service
7.1 Introduction
7.2 Consulting
7.2.1 Critical Need for Achieving Business Objectives to Increase the Demand for Consulting Services
7.3 Design and Implementation
7.3.1 Need for Integration of Digital Vault With Organizations’ IT Ecosystem to Fuel the Growth of Design and Implementation Services
7.4 Support and Maintenance
7.4.1 Need for Seamless Performance of Software Solutions to Increase the Demand for Support and Maintenance Services
7.5 Managed Services
7.5.1 Increasing Adoption of High-End Technologies to Increase the Demand for Managed Services
8 Digital Vault Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.2.1 Increasing Sophisticated Cyber-Attacks to Fuel the Growth of Digital Vault Software in Large Enterprises
8.3 Small and Medium-Sized Enterprises
8.3.1 Critical Need for Securing the Confidential Information to Increase the Demand for Digital Vault Solutions in SMEs
9 Digital Vault Market, By Industry
9.1 Introduction
9.2 BFSI
9.2.1 Increasing Cyber Threats and Concern of Protective Sensitive Financial Data to Drive the Growth of Digital Vault in the BFSI Industry
9.3 Government
9.3.1 Increasing Data Storage and Lack of Data Security in Government to Fuel the Growth of the Market in the Government Industry
9.4 IT and Telecommunications
9.4.1 Concern of Protecting Data Generated From New Technologies to Increase the Demand for Digital Vault Software in the IT and Telecommunications Industry
9.5 Real Estate
9.5.1 Increasing Concerns for Protecting Data of Lease and Contract Management to Fuel the Growth of the Market in the Real Estate Industry
9.6 Defense
9.6.1 Rising Threats and Attacks to Increase the Demand for Digital Vault Software in the Defense Industry
9.7 Others
10 Digital Vault Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Increasing Cyber-Attacks and Threats to Fuel the Growth of the Market
10.2.2 Canada
10.2.2.1 Rising Demand for Data Security in Finance and IT Industries to Fuel the Growth of the Market
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Growing Demand for Information Security in Banking and Legal Industries to Fuel the Growth of the Market in the Uk
10.3.2 Germany
10.3.2.1 Rising Concerns for Protecting Data Generated Through Connected Machines to Drive the Growth of Digital Vault Software
10.3.3 France
10.3.3.1 Increasing Distributed Denial of Service and Transaction Frauds to Fuel the Growth of the Digital Vault Market
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Adoption of Advent Technologies to Increase Possibilities of Cyber Threats
10.4.2 Australia
10.4.2.1 Increasing Awareness of Data Security Applications to Drive the Growth of Market
10.4.3 India
10.4.3.1 Increasing Adoption of Technologies in Various Industries to Lead the Demand for Digital Vault Software in India
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 United Arab Emirates
10.5.1.1 Rise in the Adoption of Data Security Solutions in the Telecom Industry to Lead the Growth of Digital Vault Software
10.5.2 South Africa
10.5.2.1 Increasing Government Initiatives for Information Security to Fuel the Growth of the Market
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Increasing Awareness of Data Security Measures to Enforce Digital Vault Vendors to Invest in Brazil
10.6.2 Mexico
10.6.2.1 High Growth in the Adoption of Advanced Technologies to Fuel the Growth of the Market
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 New Product Launches and Enhancements
11.3.2 Partnerships, Collaborations, and Agreements
11.3.3 Mergers and Acquisitions
12 Company Profiles
12.1 Johnson Controls
12.2 Cyberark
12.3 IBM
12.4 Oracle
12.5 Hitachi
12.6 Micro Focus
12.7 Fiserv
12.8 Symantec
12.9 Microsoft
12.10 Multicert
12.11 Keeper Security
12.12 Accruit
12.13 Dswiss
12.14 Safe4
12.15 Tokenex
12.16 Logic Choice
12.17 Eclypses
12.18 Harshicorp
12.19 Insoft Infotel Solutions
12.20 Daxtech IT Solutions
12.21 Eorginal
12.22 Lextrado
12.23 Opswat
12.24 Futurevault
12.25 ENC Security
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (50 Tables)
Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Factor Analysis
Table 3 Digital Vault Market Size and Growth Rate, 2018–2023 (USD Million, Y-O-Y %)
Table 4 Market Size By Component, 2016–2023 (USD Million)
Table 5 Solutions: Market Size By Region, 2016–2023 (USD Million)
Table 6 Services: Market Size By Region, 2016–2023 (USD Million)
Table 7 Digital Vault Market Size, By Service, 2016–2023 (USD Million)
Table 8 Consulting: Market Size By Region, 2016–2023 (USD Million)
Table 9 Design and Implementation: Market Size By Region, 2016–2023 (USD Million)
Table 10 Support and Maintenance: Market Size By Region, 2016–2023 (USD Million)
Table 11 Managed Services: Market Size By Region, 2016–2023 (USD Million)
Table 12 Digital Vault Market Size, By Organization Size, 2016–2023 (USD Million)
Table 13 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 14 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 15 Digital Vault Market Size: By Industry, 2016–2023 (USD Million)
Table 16 BFSI: Market Size By Region, 2016–2023 (USD Million)
Table 17 Government: Market Size By Region, 2016–2023 (USD Million)
Table 18 IT and Telecommunications: Market Size By Region, 2016–2023 (USD Million)
Table 19 Real Estate: Market Size By Region, 2016–2023 (USD Million)
Table 20 Defense: Market Size By Region, 2016–2023 (USD Million)
Table 21 Others: Market Size By Region, 2016–2023 (USD Million)
Table 22 Digital Vault Market Size, By Region, 2016–2023 (USD Million)
Table 23 North America: Market Size By Component, 2016–2023 (USD Million)
Table 24 North America: Market Size By Service, 2016–2023 (USD Million)
Table 25 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 26 North America: Market Size By Industry, 2016–2023 (USD Million)
Table 27 North America: Market Size By Country, 2016–2023 (USD Million)
Table 28 Europe: Digital Vault Market Size, By Component, 2016–2023 (USD Million)
Table 29 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 30 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 31 Europe: Market Size By Industry, 2016–2023 (USD Million)
Table 32 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 33 Asia Pacific: Digital Vault Market Size, By Component, 2016–2023 (USD Million)
Table 34 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 35 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 36 Asia Pacific: Market Size By Industry, 2016–2023 (USD Million)
Table 37 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 38 Middle East and Africa: Digital Vault Market Size, By Component, 2016–2023 (USD Million)
Table 39 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 40 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 41 Middle East and Africa: Market Size By Industry, 2016–2023 (USD Million)
Table 42 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 43 Latin America: Digital Vault Market Size, By Component, 2016–2023 (USD Million)
Table 44 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 45 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 46 Latin America: Market Size By Industry, 2016–2023 (USD Million)
Table 47 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 48 New Product Launches and Enhancements, 2014–2018
Table 49 Partnerships, Collaborations, and Agreements, 2016–2017
Table 50 Mergers and Acquisitions, 2016-2018
List of Figures (34 Figures)
Figure 1 Digital Vault Market: Research Design
Figure 2 Market Bottom-Up Approach
Figure 3 Market Top-Down Approach
Figure 4 Market Top 3 Segments, 2018
Figure 5 Market By Component, 2018
Figure 6 Increasing Regulations and Compliances to Protect Sensitive Data to Drive the Growth of the Digital Vault Market
Figure 7 Banking, Financial Services and Insurance Industry, and North America to Account for the Highest Market Shares in 2018
Figure 8 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 9 Asia Pacific to Emerge as the Best Market for Investments During the Next 5 Years
Figure 10 Drivers, Restraints, Opportunities, and Challenges: Digital Vault Market
Figure 11 Solutions Segment to Account for A Larger Market Size During the Forecast Period
Figure 12 Consulting Segment to Account for the Largest Market Size During the Forecast Period
Figure 13 Large Enterprises Segment to Account for A Larger Market Size During the Forecast Period
Figure 14 BFSI Industry to Account for the Largest Market Size During the Forecast Period
Figure 15 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 16 North America: Market Snapshot
Figure 17 Solutions Segment to Account for A Larger Market Size During the Forecast Period
Figure 18 Asia Pacific: Market Snapshot
Figure 19 Key Developments By the Leading Players in the Digital Vault Market During 2016–2018
Figure 20 Key Developments By the Leading Players in the Digital Vault Market During 2017–2018
Figure 21 Johnson Controls: Company Snapshot
Figure 22 Johnson Controls: SWOT Analysis
Figure 23 Cyberark: Company Snapshot
Figure 24 Cyberark: SWOT Analysis
Figure 25 IBM: Company Snapshot
Figure 26 IBM: SWOT Analysis
Figure 27 Oracle: Company Snapshot
Figure 28 Oracle: SWOT Analysis
Figure 29 Hitachi: Company Snapshot
Figure 30 Hitachi: SWOT Analysis
Figure 31 Micro Focus: Company Snapshot
Figure 32 Fiserv: Company Snapshot
Figure 33 Symantec: Company Snapshot
Figure 34 Microsoft: Company Snapshot
Samples
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Executive Summary
Companies Mentioned
- Accruit
- Cyberark
- Daxtech IT Solutions
- Dswiss
- Eclypses
- ENC Security
- Eorginal
- Fiserv
- Futurevault
- Harshicorp
- Hitachi
- IBM
- Insoft Infotel Solutions
- Johnson Controls
- Keeper Security
- Lextrado
- Logic Choice
- Micro Focus
- Microsoft
- Multicert
- Opswat
- Oracle
- Safe4
- Symantec
- Tokenex
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | January 2019 |
| Forecast Period | 2018 - 2023 |
| Estimated Market Value ( USD | $ 471 million |
| Forecasted Market Value ( USD | $ 892 million |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
