About Cloud-based Information Governance
Information governance is the application of technologies, policies, and processes to maximize the value of information from inception to final disposal. It helps organization manage information risks, reduce information costs, and maximize business benefits. Information governance includes traditional records management, information security and protection, electronic discovery, data storage and archiving, and risk management. The life cycle of information governance includes creation, protection, value creation, preservation, and final placement of the information.
Technavio’s analysts forecast the global cloud-based information governance market to grow at a CAGR of 27.01% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud-based information governance market for 2016-2020. To calculate the market size, the report considers the revenue generated from cloud-based information governance software solutions and services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud-based Information Governance Market 2016-2020
Technavio recognizes the following companies as the key players in the global cloud-based information governance market: EMC, HP Autonomy, IBM, and Symantec.
Other Prominent Vendors in the market are: AccessData, Amazon, BIA, Catalyst, Cicayda, Daegis, Deloitte, Ernst & Young, FTI, Gimmal, Google, Guidance Software, Index Engines, Iron Mountain, Konica Minolta, Kroll Ontrak, Microsoft, Mimecast, Mitratech, Proofpoint, RenewData, RSD, TransPerfect, Valora, ViewPointe, Williams Mullen, Zetta Discovery, and ZyLAB.
Commenting on the report, an analyst from Technavio’s team said: “Incorporation of file analysis into information governance policies will be a key trend for this market. Enterprise level information governance (IG) is becoming complex and growing rapidly because of cross functional work groups, business processes, disparate locations, and unstructured data. Enterprise level data are growing at a rate of 30%-40% per year; therefore, it is imperative for organizations to adopt effective and efficient solutions for data life cycle management, compliance, and security.”
According to the report, a major factor driving growth will be quick and easy deployment of information governance policies. Cloud-based information governance helps organization in quick deployment of policies across all applications and systems. Information is automatically managed and is used to make better business decisions. Policies include business and jurisdictional requirements that control the use of sensitive information. Policies change constantly due to new business requirements, increasing costs, and regulatory demands.
Further, the report states that integration issues will hinder the growth of this market until the end of 2020. Though there are long-term benefits associated with cloud computing and business stakeholders are aware of the same, there is an issue of compatibility with legacy systems during the transition to cloud-based information governance, which can hamper operations.
EMC, HP Autonomy, IBM, Symantec, AccessData, Amazon, BIA, Catalyst, Cicayda, Daegis, Deloitte, Ernst & Young, FTI, Gimmal, Google, Guidance Software, Index Engines, Iron Mountain, Konica Minolta, Kroll Ontrak, Microsoft, Mimecast, Mitratech, Proofpoint, RenewData, RSD, TransPerfect, Valora, ViewPointe, Williams Mullen, Zetta Discovery, and ZyLAB.
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