FRAMINGHAM, Mass., January 17, 2006 – Explosive expansion in email and email attachments combined with increased attention to regulatory compliance and corporate governance issues will continue to drive robust revenue growth of the worldwide email archiving application market. IDC estimates 2005 revenue will top $310 million worldwide, and grow at a compound annual growth rate of 34.5% through 2009.
“As email becomes widely accepted as a record of business and as more firms adopt record retention policies that include electronic communications (email and instant messaging), we expect to see a robust uptick in the deployment of email archiving applications,” said Vivian Tero, senior research analyst for Compliance Infrastructure at IDC. “Basic email archiving functionality will become increasingly available in messaging and storage applications, however many organizations will continue to purchase dedicated solutions that provide a better fit for compliance and corporate governance requirements and integration with existing infrastructure,” added Mark Levitt, research vice president, Collaborative Computing at IDC.
Among other key trends influencing the market are the following:
Consolidation within the email archiving applications market will persist.
Organizations will continue to show a strong preference for insourced vs. outsourced email archiving solutions.
IDC’s new study, Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You’ve Got Mail (IDC #34540) provides vendors and customers with a look at where the market is heading, including how it will be delivered (software or service) and packaged (standalone or integrated). The study also presents the following:
IDC’s top-down sizing and vendor market share estimates of the worldwide email archiving applications market for 2004.
IDC’s 2005-2009 market sizing and forecast for email archiving applications delivered as software and hosted service.
IDC’s essential guidance to vendors and channels partners, as well as buyers.
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology and telecommunications industries. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. Over 775 IDC analysts in 50 countries provide global, regional, and local expertise on technology and industry opportunities and trends. For more than 40 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. You can learn more about IDC by visiting http://www.idc.com