A digital vault is refer as some digital way by its nature which is going to provide some standard services to make ensure that the contents are protected. It is a long term repository, highly secured regardless of the physical topology of the network and overall network security. It offers a effective way to control and protect critical information, that allows the organisation to focus on the resources of defence to a vault at any location. For an organisation it is easy to defend one point effectively to control and protect and to focus its defence resources at any location. It is easy to first defend one point and then a complete network for an organisationsThis growth is primarily driven by Rising compliance and regulations related to protect sensitive data and Growing concern to protect the data generated from connected devices.
Globally, a noticeable market trend is evident Integrating of technology related to the AI And blockchain. Major Players, such as Johnson Controls (Ireland), CyberArk (United States), IBM (United States), Oracle (United States), Hitachi (Japan), Microfocus (United Kingdom), Fiserv (United States), Symantec (United States), Microsoft (United States), Multicert (Portugal), Keeper Security (United States), Accruit (United States), DSwiss (Switzerland), Safe4 (United Kingdom), TokenEx (United States), Logic Choice (United States), Eclypses (United States), Harshicorp (United States), Insoft Software (Germany) and DaxTech IT Solutions (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Oracle acquired Zenedge, a provider of cloud-based application and network solutions to protect enterprises from complex digital threats
CyberArk announced the availability of CyberArk Privilege Cloud, which provides privileged access security as a service offering
- Rising compliance and regulations related to protect sensitive data
- Growing concern to protect the data generated from connected devices
- Integrating of technology related to the AI And blockchain
- Lacking in spreading of awareness about measures of data security
Growing need for solutions of cloud based security
Lack of skills in IT cybersecurity and Due to the diversified IT ecosystem, there is rising complex deployment for digital vault software
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