Worldwide Digital Vault Industry to 2026 - Data Privacy and Secured File Sharing Concerns is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Digital Vault Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The digital vault market is expected to register an estimated CAGR of 12%, over the forecast period, (2021-2026).

Companies Mentioned

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

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 their 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 and software integration, leading to an increase in IT spending.
• Digital locker is an initiative of the Department of Electronics and Information Technology, (DEITY) under Ministry of Communications and IT, Government of India, which provides its citizens 10MB of free online storage space to store important documents and certificates as 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, thereby, 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 have given rise to a need 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 Regulation (GDPR) that stated 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 images, texts, sounds, videos, and 3D materials from the collections of over 3700 libraries, archives, museums, galleries, and audio-visual collections, across Europe.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

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 and Telecommunication

5.3.3 Government

5.3.4 Other End Users

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.2 Europe

5.4.2.1 United Kingdom

5.4.2.2 Germany

5.4.2.3 France

5.4.2.4 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 Australia

5.4.3.3 India

5.4.3.4 Rest of Asia-Pacific

5.4.4 Latin America

5.4.4.1 Brazil

5.4.4.2 Mexico

5.4.4.3 Rest of Latin America

5.4.5 Middle-East & Africa

5.4.5.1 United Arab Emirates

5.4.5.2 South Africa

5.4.5.3 Rest of Middle-East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/xvn50f