Market Overview:
The global archiving software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based archiving software and the growing need for data governance and compliance. The on-premise segment is expected to dominate the global archiving software market during the forecast period, owing to its low cost and better performance as compared to cloud-based archiving software. However, the cloud-based segment is projected to grow at a higher CAGR than on-premise during the forecast period, due to its advantages such as scalability, flexibility, and lower TCO (total cost of ownership).
Product Definition:
Archiving software is used to store files in an organized manner. The importance of archiving software is that it makes it easy to find files and saves space on the computer.
On-Premise:
On-premise software is a type of Archiving Software used to store data on the user's computer system. The term usually refers to systems or packages that are installed and run from the customer's site. It can also be used for cloud-based solutions, however, it is more often than not associated with local solutions as they are easier for customers to implement and manage.
The growth factor in this market will be determined by two main factors: scalability & cost effectiveness.
Cloud:
Cloud is a collection of remote servers that provide shared and virtualized computing resources. It helps in saving money, time & space by eliminating the need for purchasing additional hardware or software. The service also helps in reducing maintenance costs as there is no longer any need for users to maintain their systems.
Archiving software solutions help organizations store data on cloud.
Application Insights:
The business, financial and information services (BFSI) segment accounted for the largest revenue share of 33.9% in 2017. The growth can be attributed to the increasing use of archiving solutions by banks, insurance companies and other financial institutions to preserve their historical data. The BFSI sector is anticipated to continue its dominance over the forecast period owing to various factors such as regulatory pressure on organizations for maintaining records that are relevant for tax purposes, increasing digitization efforts among these organizations and a growing need for efficiently storing large volumes of digital data.
The government segment is expected register a notable CAGR during the forecast period owing to several initiatives taken by regional governments toward digitization including e-Government initiatives supported by archiving software vendors such as Everlive Technologies Inc., Sugar Archiver Inc., etc.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of prominent players such as Oracle Corporation; Microsoft Corporation; IBM Corporation; and Google Inc. in this region. Moreover, increasing government mandates for data retention and storage are also contributing towards the growth of this regional market. For instance, under section 1207(b)(1) of title 31, United States Code provides that all written communications by an attorney or client must be preserved permanently except those exempted by subsection (c). This is likely to increase demand for archiving software solutions over the coming years in North America region.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing adoption of cloud-based technologies across various industries especially BFSI sector due to growing need for data security & privacy among consumers.
Growth Factors:
- Increasing demand for data archiving and compliance solutions from small and medium-sized businesses (SMBs) due to the growing volume of digital data.
- Proliferation of big data and the need to manage, store, and analyze large volumes of unstructured data is fueling the growth of the archiving software market.
- The increasing adoption of cloud-based storage solutions by organizations is contributing to the growth of this market.
- Rapid technological advancements in storage technologies are providing opportunities for vendors in this market to introduce innovative products and services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Archiving Software Market Research Report
By Type
On-Premise, Cloud
By Application
BFSI, Government, IT, Others
By Companies
Waterford Technologies, EMC Corporation, NTP Software, ArcMail, CommVault Systems, Iron Mountain Incorporated, ASG Technologies, HP Autonomy, QStar Technologies, Quantum Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Archiving Software Market Report Segments:
The global Archiving Software market is segmented on the basis of:
Types
On-Premise, Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government, IT, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Waterford Technologies
- EMC Corporation
- NTP Software
- ArcMail
- CommVault Systems
- Iron Mountain Incorporated
- ASG Technologies
- HP Autonomy
- QStar Technologies
- Quantum Corporation
Highlights of The Archiving Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Premise
- Cloud
- By Application:
- BFSI
- Government
- IT
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Archiving Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Archiving software is a type of software that helps you keep track of your files and folders. It can also help you back up your files so that you can restore them if something happens to your computer.
Some of the major players in the archiving software market are Waterford Technologies, EMC Corporation, NTP Software, ArcMail, CommVault Systems, Iron Mountain Incorporated, ASG Technologies, HP Autonomy, QStar Technologies, Quantum Corporation.
The archiving software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Archiving Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Archiving Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Archiving Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Archiving Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Archiving Software Market Size & Forecast, 2018-2028
4.5.1 Archiving Software Market Size and Y-o-Y Growth
4.5.2 Archiving Software Market Absolute $ Opportunity
Chapter 5 Global Archiving Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Archiving Software Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Archiving Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Archiving Software Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government
6.2.3 IT
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Archiving Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Archiving Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Archiving Software Analysis and Forecast
9.1 Introduction
9.2 North America Archiving Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Archiving Software Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Archiving Software Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government
9.10.3 IT
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Archiving Software Analysis and Forecast
10.1 Introduction
10.2 Europe Archiving Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Archiving Software Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Archiving Software Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government
10.10.3 IT
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Archiving Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Archiving Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Archiving Software Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Archiving Software Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government
11.10.3 IT
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Archiving Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Archiving Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Archiving Software Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Archiving Software Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government
12.10.3 IT
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Archiving Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Archiving Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Archiving Software Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Archiving Software Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government
13.10.3 IT
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Archiving Software Market: Competitive Dashboard
14.2 Global Archiving Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Waterford Technologies
14.3.2 EMC Corporation
14.3.3 NTP Software
14.3.4 ArcMail
14.3.5 CommVault Systems
14.3.6 Iron Mountain Incorporated
14.3.7 ASG Technologies
14.3.8 HP Autonomy
14.3.9 QStar Technologies
14.3.10 Quantum Corporation
