The Enterprise Information Archiving Market size is estimated at USD 8.29 billion in 2024, and is expected to reach USD 14.36 billion by 2029, growing at a CAGR of 11.60% during the forecast period (2024-2029).
The growth of enterprise information archiving solutions have been primarily attributed to the increasing data generation across various organizations with a wide geographic presence and customer base. Other factors, such as the reduced storage costs for information archiving, and the government mandates to store crucial enterprise information for audit and investigation purposes, have also been driving the growth of the market studied.
The enterprise information archiving market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Moreover, enterprise information archiving is used in various industries to provide vendors with growth opportunities. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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