The global digital vault market revenue is projected to reach close to USD 1586 Million by 2028. This can be attributed to the increasing need to maintain data secrecy and improve security standards. In addition, the increase in the adoption of digital payment Consulting is also boosting global digital vault market growth. On the back of favorable ICT boom and proliferation in digitization, need for high end cybersecurity is steadily rising owing to growing numbers of cybercrime. —
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This has led to a systematic and steady growth spurt in digital vault market, Adroit Market Research finds in its newly collated research report. Digital vault is gaining tremendous user traction owing to its applications in data protection. Additional with large scale advances in cloud-based operations, this upward growth trend is likely to remain steady. Burgeoning rise in data generation is anticipated to favor growth directly in digital vault market. However, lack of optimal sensitization amongst end-users about data protection practices is likely to to dim adoption rates significantly.
Cloud-based operations to fuel large scale adoption traction in digital vault market
Cloud-based applications is identified to be a massive growth influencer as the latter is used extensively as data storage and data networking activities. Cloud services are gaining user traction as these services are highly cost efficient and offers high degree of scalability. AT the same time cloud-based operations render immense risk of data theft, thus substantially influencing data vault market growth in multiple ways.
Prominent industrial verticals such as real estate, government and public sector operations as well as BFSI and telecom verticals are likely to trigger massive adoption rates through the forecast years. leading countries across Europe and North America are estimated to stoke this upwards growth rise as the regions report tremendous cyberthreats.
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The major players of the global digital vault market are Johnson Controls, CyberArk, IBM, Oracle, Hitachi, Microfocus, Fiserv, Symantec, Microsoft, Multicert, Keeper Security, Accruit, DSwiss, Safe4 (UK), and TokenEx. The digital vault market comprises well established local as well as global players.
Segment Overview of Global digital vault Market
Service Overview, 2018-2028 (USD Million)
• Design & Implementation
• Support & Maintenance
• Managed Services
Enterprise Size Overview, 2018-2028 (USD Million)
• Large Enterprises
• Small & Medium Enterprises
Industry Vertical Overview, 2018-2028 (USD Million)
• IT & Telecommunication
• Real Estate
Regional Overview, 2018-2028 (USD Million)
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Rest of Middle East and Africa
• South America
o Rest of South America
For Any Query on the Digital Vault Market:
What does the report include?
• The study on the global digital vault market includes qualitative factors such as drivers, restraints, and opportunities
• The study covers the competitive landscape of existing/prospective players in the digital vault industry and their strategic initiatives for the product development
• The study covers a qualitative and quantitative analysis of the market segmented based onsolution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
• This study is suitable for industry participants and stakeholders in the global digital vault market. The report will benefit: Every stakeholder involved in the digital vault market.
• Managers within the digital vault industry looking to publish recent and forecasted statistics about the global digital vault market.
• Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global digital vault market.
• Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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