Digital Vault Market Size to Reach USD 1.59 Billion, With an 11.00% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights

According to MRFR analysis, the global Digital Vault Market is expected to register a CAGR of ~ 11.00 % from 2021 to 2030 and hold a value of over ~USD 1.59 billion by 2030.

A digital vault is an online safety vault that is usually used to keep precious products such as family heirlooms and jewelry harmless. Digital vault is online protected and safe for our digital assets because it keeps significant data and information in the digital realm secure. A few of the products that may contain within a digital vault are banking information, any digital files such as online login information, videos and photos, and more.

The eruption of covid-19 has formed a massive challenge for several businesses all over the globe. Information technology such as the departmental servers, data centers, cloud systems, and the digital devices on which the businesses now-remote employees and rely to remain connected to the company’s information and data has become even more vital. Digital infrastructure has witnessed a histrionic surge in demand overnight. The extensive change to operating businesses online has increased the risk of cyber-attacks. Main market players in security management are focusing on ensuring that their companies’ digital platforms and online services are resistant to cyber-attacks. Moreover, corporations are speeding up their cyber security and digital transformation is now a top significance.

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Digital Vault Market Report Scope:

Regional Analysis

North America dominates the digital vault market in revenue share growth due to the prevalence of strong IT infrastructure. Moreover, unceasingly investing in the research and development of IT security solutions in the developed economies in this region will further generate more market opportunities.

Asia-Pacific is expected to be the fastest-developing region during the estimated period. This is mainly owing to augmented investment in the encrypted security solution. Further, small and medium-sized enterprises realize the value of defending their information and data from a range of cyber threats. in this region.

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Market Segmentation

The global Digital Vault Market has been segmented into Component and Organization Size

Based on Components, the global Digital Vault Market has been segmented into Privileged Account Management, IAM, Digital Asset Management, DLP, Services

Based on Organization Size, the global Digital Vault Market has been segmented into BFSI, Government and Defense, retail and consumer goods

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Key Players

Some of the key market players are:

• Logic Choice (US)
• Keeper Security (US)
• Accruit (US)
• TokenEx (US)
• IBM (US)
• Hitachi (Japan)
• Micro Focus (UK)
• Cyberark (US)
• Microsoft (US)
• Fiserv (US)

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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