Global Vendor Neutral Archives Market to Reach $1.3 Billion by 2030
The global market for Vendor Neutral Archives estimated at US$808 Million in the year 2023, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030. On-Premises Deployment, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$552.5 Million by the end of the analysis period. Growth in the Cloud-Hosted Deployment segment is estimated at 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $213.8 Million, While China is Forecast to Grow at 9.5% CAGR
The Vendor Neutral Archives market in the U.S. is estimated at US$213.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$288.5 Million by the year 2030 trailing a CAGR of 9.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$179.5 Million by the year 2030.
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