Pune, India -- (SBWIRE) -- 03/07/2019 -- Global Digital Vault Market is driven by increasing trend for cloud storage for data, which is projecting a rise in estimated value from USD 478.35 million in 2018 to an estimated value of USD 1354.04 million by 2026, registering a CAGR of 13.89% in the forecast period of 2019-2026.
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Industry News :-
- In January 2019, Digital asset vault solution & custodian has been launched by GMEX technologies. It has been developed to fulfil the demand of institutional investor.
- In July 2018, World's first decentralized digital vault had been launched by digipulse. Digipulse can be used as digital asset inheritance platform which enables the person to transfer their digital asset to the eligible intended individual.
Major Competitors Currently Working In Digital Vault Market Are:-
- IBM Corporation,
- Microsoft,
- Johnson Controls,
- CyberArk Software Ltd.,
- Hitachi, Ltd.,
- Micro Focus,
- Fiserv, Inc.,
- Multicert,
- Symantec Corporation,
- Oracle,
- Keeper Security, Inc.,
- Accruit, LLC,
- DSwiss AG,
- Safe4 Information Management Limited,
- Logic Choice Technologies,
- Eclypses Inc.,
- HashiCorp,
- Daxtech,
- eOriginal, Inc.
- Lextrado Legal Exchange.
Global digital vault market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital vault market global, Europe, North America, Asia Pacific and South America.
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Market Drivers:-
1. Rise in demand for stringent compliances & rules to protect the highly sensitive data within the enterprise across the globe.
2. Increasing concern for securing the data which is being generated through connected devices.
Market Restraints:-
1. Lack of technical expertise & awareness of technology in many countries limits the increasing demand for digital vault
2. Unauthorized access to the vault leads to data loss for the concerned person also.
Digital Vault Market Present By:-
By Component :-
- Solutions,
- Services,
By Service:-
- Consulting,
- Design and Implementation,
- Support and Maintenance,
- Managed Services,
By Organization Size:-
- Large Enterprises,
- Small,
- Medium-Sized Enterprises,
By Industry :-
- BFSI,
- Government,
- IT and Telecommunications,
- Real Estate,
- Defence,
- Others,
By Geography :-
- North America,
- South America,
- Europe,
- Asia-Pacific,
- Middle East and Africa
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