The Europe Enterprise Information Archiving Market would witness Market growth of 14.6% CAGR during the forecast period (2022-2028).
The increased generation of data across enterprises, as well as the vast geographical presence and client base, has propelled the expansion of enterprise information archiving solutions. Reduced storage costs for enterprise information archiving, as well as regulatory obligations to store company data for audit and investigative purposes, are propelling the Market forward.
The data generated by businesses consists primarily of unstructured data, with structured data accounting for only a minority of the total. From organized, quantitative data in traditional databases to unstructured text documents, videos, music, emails, stock ticker data, and financial transactions, data comes in a variety of formats. The enterprise information archive maintains all types of data and makes it available when needed. Organizations are also putting themselves in a position to extract more value, intelligence, and utility from their archived data.
With multiple IT enterprises and an estimated 1.03 million employees in 2021, Germany has one of the world's major ICT Market s and Europe's single largest software Market . Across all segments, there is a robust demand for U.S. products and services. Microsoft, Apple, Dell, Adobe, IBM, Oracle, and SAP all have significant Market shares. In addition, there are numerous highly specialized SMEs on the Market . IT-Services revenue was USD 48.2 billion in 2021, IT-Hardware revenue was USD 38.1 billion, and the software subsector revenue was USD 32.5 billion. The IT sector's total income has risen from USD 76.4 billion in 2007 to a projected USD 112.6 billion in 2021.
The German government has made information and communication technology (ICT) a priority. The BMWi's Digital Agenda outlines Germany's economic and innovation policies. It focuses on digital infrastructure, the digital economy, digital workplaces, creative public administration, digital environments in society, education, research, science, culture, and media, as well as society and business security, protection, and confidence.
The Germany Market dominated the Europe Enterprise Information Archiving Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $1,151.4 million by 2028. The UK Market is experiencing a CAGR of 13.7% during (2022 - 2028). Additionally, The France Market would exhibit a CAGR of 15.4% during (2022 - 2028).
Based on Component, the Market is segmented into Content and Services. Based on Content Type, the Market is segmented into Email & Web, Database, Social Media, Instant Messaging, File, Enterprise file synchronization & sharing, and Others. Based on Vertical, the Market is segmented into BFSI, Government & Defense, Manufacturing, Telecom & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Education & Research, and Others. Based on Deployment Type, the Market is segmented into On-premise and Cloud. Based on Organization Size, the Market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the Market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Enterprise Information Archiving Market Size will Hit $17.1 Billion by 2028, at a CAGR of 15.1%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Microsoft Corporation, Hewlett-Packard Enterprise Company, IBM Corporation, Google LLC, Dell Technologies, Inc., Barracuda Networks, Inc. (Thoma Bravo), Veritas Technologies LLC (The Carlyle Group), Proofpoint, Inc., Mimecast Limited, and Smarsh, Inc.
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