2014-02-12 15:21:02 - Global E-mail Archiving Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global E-mail Archiving market is to grow at a CAGR of 18.69 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for e-discovery. The Global E-mail Archiving market has also been witnessing an increasing adoption of cloud-based solutions. However, the availability of open source solutions could pose a challenge to the growth of this market.
The increasing need for cost savings among enterprises have prompted them to use cloud-based email archiving solutions. Cloud-based solutions are being increasingly preferred over on-premise email archiving solutions because they are cost-effective. Moreover, since cloud-based solutions are based on the SaaS model, they offer significant benefits to end-users. Further, budgetary constraints are forcing companies to
adopt cost-effective cloud-based email archiving solutions, which have advantages such as ease of installation, lower total cost of ownership, and ease of accessibility. Sensing the advantages and growing acceptance of cloud-based solutions, some of the leading security software vendors such as McAfee and Symantec are providing cloud-based solutions. This will encourage cost-sensitive customers such as SMEs to adopt email archiving solutions, which will in turn support the market growth.
One of the major drivers in this market is the growing demand for e-discovery. With the increase in corporate litigation cases in recent years, there is a growing need for e-discovery. Therefore, organizations need to archive all their data and communication details. E-mail archival helps companies to store their email communications for a longer time and retrieve them without time constraints. This in turn increases the demand for email archiving solutions, thereby fostering the growth of the market.
One such challenge is the availability of open-source solutions. With the growing popularity of email archiving, many companies are introducing open-source solutions that are priced lower than the licensed versions. This has a negative impact on the revenue of leading email archiving solution providers and the overall market.
The key vendors dominating this space include EMC Corp., Hewlett-Packard Co., IBM Corp., and Symantec Corp. The other vendors mentioned in the report are CommVault Systems Inc., Dell Inc., Iron Mountain Inc., Microsoft Corp., Open Text Corp., and SAP AG.
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