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Digital Vault Market 2020 | Intelligence Insights by Growth Rate, Industry Size, Industry Scope, Current Trends, Future Forecast to 2024

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The “Digital Vault Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Digital Vault market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Digital Vault market report also includes new upcoming technology of Digital Vault Industry that will help to our clients.

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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.

    Digital Vault Market Covers Key Players:

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

    Some Major Points Covered in Digital Vault Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    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.
  • 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 India 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 Europe 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 European 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 European citizens to keep the consumer data safe. Such initiatives by the government are expected to drive the market in a positive way.
    – European 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 Europe.

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    Detailed TOC of Digital Vault Market Report 2020-2024:

    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 Europe
    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

     

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