Market Share of Digital Vault Industry
The Digital Vault Market is moderately competitive, owing to the presence of several major players. Some of the major players operating in the market include CyberArk Software Ltd., IBM, Oracle, Hitachi, Ltd., and Fiserv, Inc., among others. The continuous innovations brought out by these players in their products have allowed them to gain a competitive advantage over other players in the market. Significant investments in R&D activities, strategic partnerships, and mergers and acquisitions in the digital vault market have enabled the companies to increase profitability and market share.
- March 2022 - SRG Financial Advisors, a financial advisory and wealth management firm headquartered in Missouri, announced the launch of the Mile Marker Vault through its partnership with FutureVault, an industry-leading provider of secure document exchange and digital vault solutions.
- June 2021 - CyberArk announced the advancements to its CyberArk Identity Security Platform. These advancements help to broaden protection, and secure high-risk access across cloud and hybrid environments. This cloud-delivered service from CyberArk is used to protect the machine and human identities.
- May 2021 - Johnson Controls announced a partnership with DigiCert to take advantage of IoT Device Manager for improving smart building cybersecurity, management of digital identities, and Public Key Infrastructure (PKI). This device manager is built on DigiCert ONE digital certificate platform, which provides advanced secure connectivity in smart building solutions.
Digital Vault Market Leaders
Oracle Corporation
Hitachi Limited
CyberArk Software Ltd.
IBM
Fiserv, Inc.
*Disclaimer: Major Players sorted in no particular order
