ICT Industry Reports

According to TechSci Research,  Global digital vault market stands over $ 600 million worth in 2019 and exhibits a CAGR of over 12% during the forecast period, owing to increasing compliances & regulations for data protection. Digital vault is a system designed to secure the data stored through firewall, encryption and access control solutions. Digital vaults provide security to data, which is in transit from the vault to application running on another device and to the data which is stored in vaults through multi-level encryption techniques. Increasing requirement for cloud-based security solutions is expected to aid market growth. Digital vault market can be segmented based on component, organization size and end user. In terms of component, the market can be bifurcated into solution and service. Solution segment is expected to capture the largest market share during the forecast period, as digital vault solutions protect the data using multiple security layers, such as encr...