Growing compliance and regulations to protect sensitive data such as digital credentials and passwords of end user is a driver for the digital vault market. Rising concern for protecting data generated from connected devices is boosting the growth of digital vault market.
However, lack of awareness about data security measures is hindering the growth of digital vault market. Contrarily, growing need for cloud-based security solutions is expected to boost the growth of digital vault market in the forecasted years.
Digital Vault provides some standard services to ensure that its content is protected, such as long-term repository, overall network security and extremely secure regardless of the physical topology of the network.
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Digital Vault provides an effective way to protect and control critical information about the end user, and it allows an organization to secure sensitive data by increasing its use of the digital vault.
North America is expected to have the largest market share during the forecast period, owing to the increasing mandate for secured source for long-term storing of serious information. In addition, small & medium sized organizations have accepted cloud-based solutions to modernize their business methods, which propels growth of the market in the region.
Major players analyzed in the market includeAccruit LLC, CyberArk, Hitachi Ltd., International Business Machines Corporation, Johnson Controls International Plc, Keeper SecurityInc., Micro Focus International Plc, Multicert, Oracle Corporation, and TokenEx.
Key benefits of the report:
- This study presents the analytical depiction of the global digital vault industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global digital vault market share.
- The current market is quantitatively analyzed from 2021 to 2027 to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global digital vault market analysis based on competitive intensity and how the competition will take shape in coming years.
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