Archival Data Storage Market Growing Trends and Demands Analysis forecast 2019 to 2027 Archival data storage is a form of storage designed for data which is not needed at present but needs to be stored so that it can be retrieved in the future, if necessary. Usually, backup systems often allow for archiving records. Corporates and government organizations of various countries have started to understand the value of a secure long-term archival storage policy for their sensitive data records. However, sectors such as BFSI and healthcare that use insurance record management and medical imaging have a long tradition of electronic archival storage. Other sector companies have also started to adopt archival data storage to save their data for the long term. Global Archival Data Storage Market: Dynamics
Government Regulations for Data Storage
Increase in government compliance for data storage plays a key role in the growth of the market. In certain sectors complying with policy and business, data protection laws are necessary. Various legislations are being placed in motion to determine the duration of record-keeping and a data management system that guarantees the reliability and easy retrieval of electronic documents. For example, Global laws such as SEC 17a-4, Sarbanes-Oxley, and Basel II have a significant impact on the global archival data storage market. Request Brochure- https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=76771 North America Led Global Market in 2018
Based on the region, the global archival data storage market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
North America held a dominant share of the global archival data storage market in 2018. It is expected to continue its dominance throughout the forecast period. The U.S. and Canada are the major countries that drive the market in this region. Rapid adoption of cloud technologies by corporations in North America has provided the country a leading role in the global market for archival data storage.
The archival data storage market in the Asia Pacific is expected to expand at the maximum CAGR during the forecast period. India, China, Japan, and Australia are major countries of the archival data storage market in the region.
Request For Customization- https://www.transparencymarketresearch.com/sample/sample.php? flag=CR&rep_id=76771 Healthcare & BFSI Accounted for Major Market Share in 2018
Based on end-user, the archival data storage market is segmented into BFSI, entertainment, education, healthcare, IT & telecommunication, military & defense, and others. Healthcare & BFSI combined held the largest market share in 2018 and is expected to retain its dominance throughout the forecast period. Growing online financial transactions across the globe and increase in demand for reduction of primary data storage cost have provided the dominant position to the segment in the market.
Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=76771 Key Players Operating in the Global Archival Data Storage Market Key players operating in the global archival data storage market are listed below:
Cohesity, Inc.
Google, LLC
Information Business Machine Corporation
Oracle Corporation
Red Hat
SolarWinds MSP
StoneFly
More Trending Reports by Transparency Market Research – Intelligent Virtual Assistant Market: The use of speech recognition tools has been steadily rising in several networking applications notably in financial services, retail sector, and healthcare industry. Providers of text-to-speech (TTS) software have reaped significant revenue gains from the demand for intelligent virtual assistant for wireless devices and consumer electronics for reading text content in websites. The intelligent virtual assistant market is projected to reach US$ 50.9 Bn by 2030. Cloud Workload Protection Platform [CWPP] Market: cloud workload protection platform (CWPP) is used for passing workloads among various cloud environments safely. It is mandatory that the entire workload must be functional in order to run the cloud-based application smoothly without posing any security threats. As a result, cloud workload protection platform (CWPP) and workload protection providers are radically different from desktop application security providers. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Rohit Bhisey
Transparency Market Research 90 Sate Street, Suite 700, Albany, NY 12207 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com/