The Asia Pacific Digital Vault Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
Cloud platforms are gaining popularity as businesses are growing more worried about the safety of their data and the prevention of theft of such data. The rise in the use of business applications, as well as the proliferation of mobile devices that can connect to the internet, including as smartphones, tablets, and other electronic gadgets, are all factors that have contributed to the expansion of the market's need for digital vaults.
It is becoming more and more essential that sensitive information, such as passwords and crucial documents, be kept in a safe and secure digital format, like in a digital locker or vault, as the rate of digitalization continues to accelerate and the importance of data privacy continues to rise. Vaults provide a safe environment for the storage of assets such as cash, papers, significant records, and collectibles at financial institutions. A digital vault serves the same purpose as the physical vault.
On the other hand, digital vaults are used to store and safeguard property that only exists in the digital realm rather than actual, physical assets. These platforms often use encryption technology on par with that used by banks as well as two-factor authentication in order to protect the information and property of its users. They even protect information from their own "eyes," giving them the ability to store private files in a digital vault without fear of prying eyes.
Cloud-based digital vaults in the Asia Pacific region make it possible for end-users to store the necessary information on the servers of the vendor. These servers can be accessed remotely from any location and at any time, which helps end-users lower the cost factor associated with on-premise maintenance. A further positive feature of the expansion of businesses is their increasing dependence on cloud computing solutions for the storage, processing, and networking of their data. It is an initiative of the Department of Electronics and Information Technology (DEITY), which is located under the Ministry of Communications and IT, Government of India that provides its citizens with 10 MB of free online storage space to store important documents and certificates as soft copies in a variety of formats. These soft copies can be shared via e-mails if they are required to be done so. This supports the growth of the regional market.
The China market dominated the Asia Pacific Digital Vault Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $181.2 million by 2028. The Japan market is estimated to grow a CAGR of 14% during (2022 - 2028). Additionally, The India market would experience a CAGR of 15.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on End Use, the market is segmented into BFSI, Healthcare, Manufacturing, Government, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digital Vault Market is Projected to reach USD 1.7 Billion by 2028, at a CAGR of 14.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, CyberArk Software Ltd., IBM Corporation, Oracle Corporation, Hitachi, Ltd., Micro Focus International PLC, Fiserv, Inc., Broadcom, Inc. (Symantec Corporation), Microsoft Corporation, and TokenEx, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment Type
By Organization Size
By End Use
- BFSI
- Healthcare
- Manufacturing
- Government
- IT & Telecom
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- CyberArk Software Ltd.
- IBM Corporation
- Oracle Corporation
- Hitachi, Ltd.
- Micro Focus International PLC
- Fiserv, Inc.
- Broadcom, Inc. (Symantec Corporation)
- Microsoft Corporation
- TokenEx, Inc.
TABLE 1 Asia Pacific Digital Vault Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Digital Vault Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific On-premise Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific On-premise Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific SMEs Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific SMEs Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 23 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Digital Vault Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Digital Vault Market by Country, 2022 - 2028, USD Million
TABLE 37 China Digital Vault Market, 2018 - 2021, USD Million
TABLE 38 China Digital Vault Market, 2022 - 2028, USD Million
TABLE 39 China Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 40 China Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 41 China Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 42 China Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 43 China Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 44 China Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 45 China Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 46 China Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 47 Japan Digital Vault Market, 2018 - 2021, USD Million
TABLE 48 Japan Digital Vault Market, 2022 - 2028, USD Million
TABLE 49 Japan Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 50 Japan Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 51 Japan Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 52 Japan Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 53 Japan Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 54 Japan Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 55 Japan Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 56 Japan Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 57 India Digital Vault Market, 2018 - 2021, USD Million
TABLE 58 India Digital Vault Market, 2022 - 2028, USD Million
TABLE 59 India Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 60 India Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 61 India Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 62 India Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 63 India Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 64 India Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 65 India Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 66 India Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 67 South Korea Digital Vault Market, 2018 - 2021, USD Million
TABLE 68 South Korea Digital Vault Market, 2022 - 2028, USD Million
TABLE 69 South Korea Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 70 South Korea Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 71 South Korea Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 72 South Korea Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 73 South Korea Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 74 South Korea Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 75 South Korea Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 76 South Korea Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 77 Singapore Digital Vault Market, 2018 - 2021, USD Million
TABLE 78 Singapore Digital Vault Market, 2022 - 2028, USD Million
TABLE 79 Singapore Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 80 Singapore Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 81 Singapore Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 82 Singapore Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 83 Singapore Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 84 Singapore Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 85 Singapore Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 86 Singapore Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 87 Malaysia Digital Vault Market, 2018 - 2021, USD Million
TABLE 88 Malaysia Digital Vault Market, 2022 - 2028, USD Million
TABLE 89 Malaysia Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 90 Malaysia Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 91 Malaysia Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 92 Malaysia Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 93 Malaysia Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 94 Malaysia Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 95 Malaysia Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 96 Malaysia Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Digital Vault Market, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Digital Vault Market, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Digital Vault Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Digital Vault Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Digital Vault Market by Deployment Type, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Digital Vault Market by Deployment Type, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Digital Vault Market by Organization Size, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Digital Vault Market by Organization Size, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Digital Vault Market by End Use, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Digital Vault Market by End Use, 2022 - 2028, USD Million
TABLE 107 Key Information –Fiserv, Inc.
TABLE 108 Key Information – Broadcom, Inc.
TABLE 109 Key Information – Oracle Corporation
TABLE 110 Key information – IBM Corporation
TABLE 111 key information – Microsoft Corporation
TABLE 112 Key Information – Johnson Controls International PLC
TABLE 113 Key Information – CyberArk Software Ltd.
TABLE 114 Key Information – Hitachi, Ltd.
TABLE 115 Key Information – Micro Focus International PLC
TABLE 116 key Information – TokenEx, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Fiserv, Inc.
FIG 3 SWOT Analysis: Broadcom, Inc.
FIG 4 SWOT analysis: Oracle Corporation
FIG 5 Swot analysis: IBM Corporation
FIG 6 SWOT Analysis: Microsoft Corporation