The E-mail archiving market has been forecast to increase at a compound annual growth rate (CAGR) of 18.69% through to 2016, driven by the increasing demand for e-discovery and the increasing adoption of cloud-based solutions.
The market has been forecast to increase from a value of nearly $2.1 billion in 2009 to over $5.1 billion in 2013.
Email archiving is the act of preserving and making searchable all email to/from an individual. Email archiving solutions capture email content either directly from the email application itself or during transport. The messages are typically then stored on magnetic disk storage and indexed to simplify future searches.
Businesses have been increasingly compelled to get a grip on their email systems due to regulatory compliance requirements. They must now ensure that the valuable information contained in emails is kept, searchable and doesn't overwhelm storage resources.
The massive growth in email means that organisations want the ability to reduce both their storage footprint and backup and recovery times by working with a smaller set of data.
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 market growth.
One challenge the market is facing 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.
Key players currently dominating the E-mail archiving market include EMC Corp., Hewlett-Packard Co., IBM Corp., and Symantec Corp.
For more information on the E-mail archiving market, see the latest research: E-Mail Archiving Market
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.