Overview

Digital vault market is estimated to value over US$ 900 million by the end of 2027 and register a CAGR of 11.4% during the forecast period of 2020 to 2027.

Digital vault market is foreseen to witness a double-digit compound annual growth rate over the forecast period. Agile development of the ICT industry and growing digitalization across the globe have created the need for high-level cybersecurity solutions, the aforementioned factors are majorly driving the growth of the market. Nevertheless, high cost associated and availability of multiple alternative cybersecurity solutions are limiting the market growth.

Global Digital Vault Market

Market Highlights:

Solutions segment is foreseen to hold a larger market size
Design and implementation segment to witness substantial growth during the forecast period
BFSI is predicted to be the largest contributor to the growth of the digital vault market
North America is anticipated to hold the largest market share

Key Market Players are
Johnson Controls (Ireland), CyberArk (US), IBM (US), Oracle (US), Hitachi (Japan), Micro Focus (UK), Fiserv (US), Symantec (US), Microsoft (US), Multicert (Portugal), Keeper Security (US), Accruit (US), DSwiss (Switzerland), Safe4 Information Management (UK), TokenEx (US), Logic Choice (US), Eclypses (US), HarshiCorp (US), Insoft Infotel Solutions (Germany), Daxtech IT Solutions (Canada), eOriginal (US), LexTrado (South Africa), OPSWAT (US), FutureVault (Canada), and ENC Security (Netherlands).

Market Segmentation:
By Component

Solutions
Digital Asset Management
Identity and Access Management
Data Loss Prevention
Services

By Services

Consulting
Managed Services
Design and Implementation
Support and Maintenance

By Organisation Size

Small and Medium-Sized Enterprises
Large Enterprises

By End-User

IT and Telecommunications
Government
BFSI
Defence
Real Estate
Others

By Region:

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways

Growth prospects
SWOT analysis
Key trends
Key data points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on digital vault market by component, by service, by organisation, by end-user, and by Region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies