Global Digital Vault Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Digital vaults offer firms and businesses a secure and encrypted online storage solution that allows them to securely manage, share, and deliver files. The Digital Vault market is expanding because of factors such as the rising data privacy and secured file sharing concerns and handling of data generated through connected devices. Along with this rising public spendings towards smart technologies and penetration of electronic devices is another major factoring boosting the market growth.
According to the FBI National Press Office 2021, internet crime has increased by more than 300,000 complaints from 2019 to 2020. It is found that the internet crime report 2020 includes approximately 791,790 complaints of suspected internet crimes worldwide. With the rising cyber crimes, the concerns towards data privacy and secured file sharing also rise which enhances the market growth. Whereas rising digitization and growing R&D activities by market players create lucrative opportunities for the market. However, the use of physical vaults hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Digital Vault Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominated the market in terms of revenue, owing to the increasing digitization and requirement for data privacy. Also, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing penetration of market players and growing R&D activities by market players
Major market players included in this report are:
- IBM
- CyberArk Software Ltd.
- Hitachi Limited
- Fiserv, Inc.
- Oracle Corporation
- Keeper Security
- Multicert
- Accruit LLC
- Johnson Controls
- Microsoft Corporation
Recent Developments in the Market:
- In April 2022: FutureVault, a provider of secure document exchange and Digital Vault solutions, announced a collaboration with Envestnet| Yodlee, a data aggregation and data analytics platform powering dynamic, cloud-based innovation, to improve productivity, connectivity, and experience between financial services organizations, advisors, and end-clients within the FutureVault platform.
- In June 2022: Presidio, a digital vault that allows users to securely store, organize, and share their most important data, launched online and smartphone apps. Presidio addresses the "digital conundrum," in which people's vital papers, digital assets, and private information are dispersed across physical and online sites.
In March 2022: SRG Financial Advisors, a Missouri-based financial advisory and wealth management firm, announced the launch of the Mile Marker Vault in collaboration with Future Vault, an industry-leading provider of secure document exchange and digital vault solutions.
Global Digital Vault Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Deployment, Type, End-user, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters for detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment:
By Type:
By End-user:
- BFSI
- IT & Telecommunication
- Government
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Digital Vault Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Digital Vault Market, by Deployment, 2019-2029 (USD Billion)
- 1.2.3. Digital Vault Market, by Type, 2019-2029 (USD Billion)
- 1.2.4. Digital Vault Market, by End-User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Digital Vault Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Digital Vault Market Dynamics
- 3.1. Digital Vault Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising data privacy and secured file sharing concerns
- 3.1.1.2. Handling of data generated through connected devices
- 3.1.2. Market Challenges
- 3.1.2.1. Use of physical vault
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising digitization
- 3.1.3.2. Growing R&D activities by market players
Chapter 4. Global Digital Vault Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Digital Vault Market, by Deployment,
- 6.1. Market Snapshot
- 6.2. Global Digital Vault Market by Deployment, Performance - Potential Analysis
- 6.3. Global Digital Vault Market Estimates & Forecasts by Deployment, 2019-2029 (USD Billion)
- 6.4. Digital Vault Market, Sub Segment Analysis
- 6.4.1. On-Premises
- 6.4.2. Cloud
Chapter 7. Global Digital Vault Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Digital Vault Market by Type, Performance - Potential Analysis
- 7.3. Global Digital Vault Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 7.4. Digital Vault Market, Sub Segment Analysis
- 7.4.1. Solutions
- 7.4.2. Services
Chapter 8. Global Digital Vault Market, by End-User
- 8.1. Market Snapshot
- 8.2. Global Digital Vault Market by End-User, Performance - Potential Analysis
- 8.3. Global Digital Vault Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
- 8.4. Digital Vault Market, Sub Segment Analysis
- 8.4.1. BFSI
- 8.4.2. IT & Telecommunication
- 8.4.3. Government
Chapter 9. Global Digital Vault Market, Regional Analysis
- 9.1. Digital Vault Market, Regional Market Snapshot
- 9.2. North America Digital Vault Market
- 9.2.1. U.S. Digital Vault Market
- 9.2.1.1. Deployment breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End-User breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Digital Vault Market
- 9.3. Europe Digital Vault Market Snapshot
- 9.3.1. U.K. Digital Vault Market
- 9.3.2. Germany Digital Vault Market
- 9.3.3. France Digital Vault Market
- 9.3.4. Spain Digital Vault Market
- 9.3.5. Italy Digital Vault Market
- 9.3.6. Rest of Europe Digital Vault Market
- 9.4. Asia-Pacific Digital Vault Market Snapshot
- 9.4.1. China Digital Vault Market
- 9.4.2. India Digital Vault Market
- 9.4.3. Japan Digital Vault Market
- 9.4.4. Australia Digital Vault Market
- 9.4.5. South Korea Digital Vault Market
- 9.4.6. Rest of Asia Pacific Digital Vault Market
- 9.5. Latin America Digital Vault Market Snapshot
- 9.5.1. Brazil Digital Vault Market
- 9.5.2. Mexico Digital Vault Market
- 9.5.3. Rest of Latin America Digital Vault Market
- 9.6. Rest of The World Digital Vault Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. IBM
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. CyberArk Software Ltd.
- 10.2.3. Hitachi Limited
- 10.2.4. Fiserv, Inc.
- 10.2.5. Oracle Corporation
- 10.2.6. Keeper Security
- 10.2.7. Multicert
- 10.2.8. Accruit LLC
- 10.2.9. Johnson Controls
- 10.2.10. Microsoft Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption