Worldwide Archiving Software Market Shares, 2015: Public Cloud Services Continue to Drive Overall Market Growth
This IDC study discusses the worldwide archiving software market, which is made up of revenue from both on-premise archiving software and public cloud/SaaS-based archiving services. In 2015, the worldwide archiving software market reached $1.5 billion in spending with growth of 4.6% year over year. According to Laura DuBois, group vice president at IDC, "A decade ago, this market was growing in double digits, fueled by eDiscovery and regulatory compliance mandates. However, market saturation, native application archiving, pricing pressures, and the availability of market alternatives have contributed to growth rate moderation. Nonetheless, the archiving market growth did outpace overall IT spending, and this growth is being fueled by public cloud archiving services."