DUBLIN, Jan. 24, 2019 /PRNewswire/ --
The "Digital Vault Market by Component (Solutions and Services), Services (Consulting, Design and Implementation, Support and Maintenance, and Managed Services), Organization Size, Industry, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The digital vault market size is expected to grow approximately from USD 471 million in 2018 to USD 892 million by 2023, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period.
The digital vault is designed to provide high-end security to enterprises for protecting their information stored in their database. Most of the organizations from different industries are using several new technologies, such as cloud, big data, machine learning, Internet of Things (IoT), which generates a lot of data that is considered as critically important. This, in turn, is increasing the need for security applications across all organizations in different industries.
Most of the security applications' key function is to secure the data already stored and provide security to the overall database. However, this extent of security is not enough as organizations' database is being used by various users across enterprises, such as employees, customers, administrators, and IT managers. Consequently, there is a possibility of data loss and theft at any stage. Digital vault software prevent this loss by providing encryption at every stage of the data lifecycle.
Digital vault software are designed to focus on accessing high confidential data securely. The confidential data could be anything that enterprises want its access to be for limited users, such as financial and legal documents, passwords, patents, certificates, and lease documents.
A modern IT ecosystem requires access to a multitude of confidential data, including database credentials, Application Programming Interface (API) keys for external services, and credentials for service-oriented architecture communications. Hence, to recognize who has accessed the data is difficult and platform specific. Moreover, key rolling, secure storage, and detailed audit logs are almost impossible without a custom solution, and this is where digital vault software steps in.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Digital Vault Market
4.2 Market Top 3 Industries and Regions
4.3 Market By Region
4.4 Market Investment Scenario
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Regulations and Compliances to Protect Sensitive Data
5.1.1.2 Rising Concern for Protecting Data Generated From Connected Devices
5.1.2 Restraints
5.1.2.1 Lack of Awareness About Data Security Measures
5.1.3 Opportunities
5.1.3.1 Increasing Need for Cloud-Based Security Solutions
5.1.4 Challenges
5.1.4.1 Lack of IT Cybersecurity Skills
5.1.4.2 Diversified IT Ecosystem Leads to Complex Deployment of Digital Vault Software
6 Digital Vault Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Identity and Access Management
6.2.1.1 Increasing Use of Connected Devices to Fuel the Growth of Identity and Access Management Solutions
6.2.2 Data Loss Prevention
6.2.2.1 Increasing Implementation of Government Regulations and Laws to Fuel the Growth of Data Loss Prevention Solutions
6.2.3 Digital Asset Management
6.2.3.1 Need for Managing the Crucial Information Within Enterprises to Increase the Demand for Digital Asset Management Solutions
6.2.4 Privileged Account Management
6.2.4.1 Critical Need for Protecting Data From Unauthorized Users to Fuel the Growth of Privilege Account Management Solutions
6.3 Services
7 Digital Vault Market, By Service
7.1 Introduction
7.2 Consulting
7.2.1 Critical Need for Achieving Business Objectives to Increase the Demand for Consulting Services
7.3 Design and Implementation
7.3.1 Need for Integration of Digital Vault With Organizations' IT Ecosystem to Fuel the Growth of Design and Implementation Services
7.4 Support and Maintenance
7.4.1 Need for Seamless Performance of Software Solutions to Increase the Demand for Support and Maintenance Services
7.5 Managed Services
7.5.1 Increasing Adoption of High-End Technologies to Increase the Demand for Managed Services
8 Digital Vault Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.2.1 Increasing Sophisticated Cyber-Attacks to Fuel the Growth of Digital Vault Software in Large Enterprises
8.3 Small and Medium-Sized Enterprises
8.3.1 Critical Need for Securing the Confidential Information to Increase the Demand for Digital Vault Solutions in SMEs
9 Digital Vault Market, By Industry
9.1 Introduction
9.2 BFSI
9.2.1 Increasing Cyber Threats and Concern of Protective Sensitive Financial Data to Drive the Growth of Digital Vault in the BFSI Industry
9.3 Government
9.3.1 Increasing Data Storage and Lack of Data Security in Government to Fuel the Growth of the Market in the Government Industry
9.4 IT and Telecommunications
9.4.1 Concern of Protecting Data Generated From New Technologies to Increase the Demand for Digital Vault Software in the IT and Telecommunications Industry
9.5 Real Estate
9.5.1 Increasing Concerns for Protecting Data of Lease and Contract Management to Fuel the Growth of the Market in the Real Estate Industry
9.6 Defense
9.6.1 Rising Threats and Attacks to Increase the Demand for Digital Vault Software in the Defense Industry
9.7 Others
10 Digital Vault Market, By Region
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 New Product Launches and Enhancements
11.3.2 Partnerships, Collaborations, and Agreements
11.3.3 Mergers and Acquisitions
12 Company Profiles
- Accruit
- Cyberark
- Daxtech IT Solutions
- Dswiss
- Eclypses
- ENC Security
- Eorginal
- Fiserv
- Futurevault
- Harshicorp
- Hitachi
- IBM
- Insoft Infotel Solutions
- Johnson Controls
- Keeper Security
- Lextrado
- Logic Choice
- Micro Focus
- Microsoft
- Multicert
- Opswat
- Oracle
- Safe4
- Symantec
- Tokenex
For more information about this report visit https://www.researchandmarkets.com/research/kttrm7/digital_vault?w=5
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