Sky Task (2732)
Sky Task (2732)
Sky Task (2732)
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# Global Security Digital Vault Market By Component (Solution and Service), By Organization Size (SME and Large Enterprise), By End User (BFSI, Government, IT &
Telecom and Others), By Region, Competition, Forecast & Opportunities, 2024
1 The global digital vault market is projected to grow from $ 538 million in 2018 to $ 1074 million by 2024, exhibiting a CAGR of over 12% during the forecast period,
owing to increasing compliances & regulations for data protection.
2 Drivers: Rising incidents of cyber attacks; risk of cyber threats at a growth rate of 31% YOY
3 Component –
a. Solution(Largest Market Share)- digital vault solutions protect the data using multiple security layers, such as encryption, aliasing-tokenization, firewall, virtual
private network (VPN), Account Management, Identity & Access Management, Data Loss Prevention, Digital Asset Management and Others
b. Services(Professional Services and Managed Service) - help enterprises to understand the need and implementation of solutions as well as provide solutions to achieve
their strategic goals.
4 End User - SMEs and Large Organizations - various end-users including BFSI (Finance largest), Healthcare API Market Size Worth $336.02 Million by 2027(EHR Access,
Appointments, Remote Patient Monitoring, Payment, Wearable Medical device)(providers, vendors, patients) - CAGR: 6.3%, IT & telecom, government and other
5 Region: North America accounted for the largest share in the global digital vault market followed by EU(Spain), and Asia(INDIA,CHINA, JAPAN)
6 Major players - Symantec PGP, DLP and Data VAULT, Johnson Controls, Inc., CyberArk Software Ltd,
Oracle Corp., Keeper Security, Inc., Hitachi, Ltd, Microsoft BitLocker and Multicert.
IBM, Microfocus, Fiserv, Safe4, Dswiss, Accruit, OPSWAT, FutureVault, ENC security, Daxtech IT Solutions,
eOrignals, LexTrado, Logic Choice, Cyber Ark’s , OneTrust Privacy Management and data Governance(Discovery in IT systems, classify, apply policies, define
risk, data insights, data visualize),vendor risk management and GRC
7 Disrupters - VeryGoodSecurity, TokenX, One Trust, StrongSalt, Stripe Payments, Twilio Comms, Egnyte, (Google APIGEE Sense behavior detection, risk analytics and
mitigation and monetization)
8 Pricing - based on packages, solutioning as well as amount of stored data per GB to 40tb
9. Opportunities - DLP, DATA categorization service, DATA GOVERNANCE as a service, Encryption as a service
Type Competiitor USP Oppurtunities for Skyflow
Analysis
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Norton Vault/Azure • •
Key Vault/Evervault
Oppurtunities Description Solution
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Service Metrics when scaling Value Delivered
Type
How actively are customers using our API – Involving Vendor Management