The global digital vault market is anticipated to grow significantly at a CAGR of 20.2% over the forecast period. The key companies across the globe are adopting different business strategies including expanding their geographic presence, R&D activities, new product approvals, mergers & acquisitions, partnerships, and collaborations to increase market share. For instance, in August 2020, Lepide and Sherpa Software announced the strategic partnership between the companies, which has combined Lepide’s disruptive, scalable, enterprise Data Security Platform with Sherpa’s award-winning data governance, classification, remediation, and e-discovery platform.
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In May 2021, Varonis Systems, Inc. has announced assistance for additional cloud applications and infrastructure through DatAdvantage Cloud, a solution that visualizes and prioritizes security risk across today’s mission-critical SaaS applications and cloud data stores. The company has achieved success in assisting Microsoft 365 and Azure, and with the acquisition of Polyrize in October 2020, the company has brought Varonis’ proven approach to additional SaaS applications.
In September 2020, Forcepoint Inc. has announced the launch of Forcepoint Data Diode, a hardware solution that allows uni-directional data flow to enable quick, automated data transfer while ensuring compliance with maintaining guidelines. Configurable for easier operations and maintenance, Forcepoint Data Diodes assist secure networks, devices, and other digital assets from external cyber threats within a flexible, easy-to-use, and cost-efficient design. Data diodes are used to regulate the flow of data between two networks with varying levels of security. Diodes can also be used to connect a secure network to external systems or the cloud, making them a good component for hybrid IT and telework scenarios. Thus the mergers and acquisitions, and the technological advancement by the major players for securing data are to propel the growth of the global Digital Vault market.
Global Digital Vault Market – Segmentation
By Components
- Software and Solutions
- Professional Services
By Deployment Mode
- On-Premises
- Cloud-Based
By Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises
By End-User Industry
- BFSI
- IT and Telecom
- Healthcare
- Consumer Goods and Retail
- Government and Defense
- Others End-User (Manufacturing)
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Digital Vault Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- BigID, Inc.
- AI
- Dathena Science
- Digital Guardian, Inc.
- Egnyte, Inc.
- Fasoo Co. Ltd.
- Forcepoint LLC
- HelpSystems LLC
- Imperva, Inc.
- Infogix, Inc.
- Lepide USA, Inc.
- Micro Focus International Plc
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