Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Digital Vault Market to reach USD XX billion by the end of 2029

Global Digital Vault Market Size study & Forecast, by Deployment (On-premises and Cloud), by Type (Solutions and Services), by End-user (BFSI, IT & Telecommunication, Government) and Regional Analysis, 2022-2029

Product Code: ICTNS-45008325
Publish Date: 27-02-2023
Page: 200

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:
On-premises
Cloud

By Type:
Solutions
Services

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

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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now