Enterprise
Information Archiving Market: Overview
Enterprise
Information Archiving (EIA) is a virtual data repository that
stores data in high capacity, less costly and low power consuming
archive storage devices such as tape libraries and cloud storage
instead of costly and power consuming primary storage. Data can be
classified into structured and unstructured data. Structured data can
be referred as alphabets, numbers and can be easily processed and
stored whereas unstructured data can be referred as email, images,
audio and video files.
Enterprise
Information Archive stores inactive enterprise data in archive
storage so that it can be accessed whenever required. EIA products
provide the end-users with features such as single storage for
structured and unstructured data, content indexing and data
discovery. Information archiving enables the companies to manage and
dispose information according to regulatory and business
requirements. EIA was initially introduced for archiving email
content, however, gradually it expanded to include social media and
instant messaging content.
Enterprise
Information Archiving Market: Segmentation
EIA can be segmented
on the basis of content type such as e-mail and social media amongst
many and deployment type such as on-premise, hosted and cloud. The
on-premise has storage location and management in the company itself,
in hosted segment the archives are located in the service provider’s
centers and in cloud segment the cloud storage is used for storing
archives. EIA has a strong presence in North America market, followed
by Europe and Asia Pacific market, due to stringent government
standards and regulations formulated for various sectors and high
adoption rate of cloud technology.
Enterprise
Information Archiving Market: Trends and Regulatory Overview
In recent years, the
size of useful data in an organization has increased tremendously to
zettabytes (one billion terabytes) with majority being unstructured
data. The organizations need to manage this huge amount of data which
can be done with the support of EIA. EIA would enable the
organizations with regulatory compliance for data retention,
increased operational productivity, authorized access to information
and cost reduction for data backup. Rising demand for cost effective
storage processes, increasing need for data retention for regulatory
compliances and increasing demand for business performance are the
factors driving the EIA market.
Enterprise
Information Archiving Market: Restraints
Different regulatory
compliances across globe has made information archiving difficult for
the service providers. Modification of data is not possible once it
is archived would have an impact on EIA market. Searching of
unstructured data is difficult as indexing of metadata is still a
challenge for the technology providers. Absence of standardized
product for data types such as e-mail, documents and video would
further hinder the growth of market. Restoration of data would
require an isolated environment as it could affect the current data.
Cloud deployment of the archived data could have issues such as
security, privacy and limited control of infrastructure whereas
on-premise deployment could lead to high cost and increased theft
risk.
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Enterprise
Information Archiving Market: Key Players
The major
participants in the enterprise information archiving market include
companies such as Actiance Incorporation, Barracuda Networks
Incorporation, Bloomberg L.P., Commvault Systems Inc., Global Relay
Communications Inc., Google Incorporation, International Business
Machine (IBM) Corporation, Microsoft Corporation, Mimecast and
Veritas Software Corporation.
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