With the increase in corporate litigation cases in recent years, there is a growing need for e-discovery in the business world as well as a way to archive data and communication details. The need for these solutions is the biggest catalyst behind the Global E-mail Archiving Market which is set to grow at a CAGR of 18.69 percent during the 2012-2016 period.
The market and its growth prospects, are divided into two main sectors, on-premise and cloud-based e-mail archives-both of which are outlined below:
- On-premise: These solutions are deployed within the organization’s premises. As a result, the emails that are archived are stored within the organization’s IT infrastructure. On-premise solutions are mainly saved on a mail server and will have a dedicated storage area for archived emails. On-premise solutions require high investment to develop and manage email archiving.
- Cloud-based: They are also known as SaaS email archiving solutions. The solutions are installed on a public cloud platform and the emails that are archived are stored in the cloud. This is a cost-effective way to archive e-mails as it eliminates huge organizational investment required for software and servers. Cloud-based solutions are mainly used by SMEs for email archiving.
Presently, the former dominates almost three quarters of the market for e-mail archive solutions. This trend is likely to continue through to the forecast period, even though the demand for cloud-based solutions is expected to pick-up at least a bit of speed due to its increased adoption among SMEs.
Due to its huge growth prospects, The Global Email Archiving market is witnessing intense competition among several small and large vendors present in the market. Lured by the high profit potential of this market, many new players are expected to enter this space during the forecast period. As of 2012, the major vendors in the Global Email Archiving market are Symantec, EMC, IBM, and Hewlett-Packard.
At the end of the day however, the market is extremely fragmented and the ”e-mail archive sweepstakes” could be grabbed by any vendor. We’ve already established an undeniable demand for e-mail archiving solutions-but when it comes to determining who will reign supreme in the market, we can only guarantee one thing: it’s going to be an exciting race to watch unfold.
For more information, view our 2012-2016 report on the Global E-mail Archiving Market.
