TECH SUPPLIER Jul 2022 - Market Share - Doc # US49506422
Worldwide Archiving Software Market Shares, 2021: A Widening Gap Between Cloud and On Premises
This IDC study analyzes the worldwide archiving software market, which is made up of revenue from both on-premises archiving software and public cloud/SaaS-based archiving services. This study highlights the key trends impacting market growth, identifies market share leaders and innovative competitors, and explores how some of the most influential providers are responding to changes within their competitive environment.
"SaaS and public cloud–based archiving products provide added value such as ease of deployment and predictable pricing, which allowed them to continue driving the archiving software market's growth throughout 2021, but they have another advantage," said Johnny Yu, research manager, Storage and Computing Infrastructure Software Platforms at IDC. "A recent IDC study found that customers prefer cloud-based archiving because they believe it is more secure, an important decision point given the current frequency of ransomware attacks against enterprises."
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