SaaS (Software-as-a-Service)-based ILM (Information Lifecycle Management) comprises applications that streamline data management,thus, improving the performance of mission critical systems, and managing the stored data. It provides an online environment for managing information from data collection, analysis, forecast, storage, etc. The SaaS-based ILM is a web-based service that provides applications and technologies for managing information, and archiving the communications or data automation for storage. These services are either a part of enterprise operations, or are required to meet specific business related requirement for project, department or division.
Till recently, the SaaS-based ILM market had small or medium-sized businesses as its customers for on-demand model, as the big organizations had been reluctant to adopt the SaaS-based ILM services. The big organizations were of the opinion that hosted or on-demand applications may not suit the complex business processes of their company, or provide them with vertical functionality. However, the trend is changing with a majority of companies (irrespective of their size) finding a number of opportunities through SaaS deployments.
The companies in the SaaS-based ILM market are focusing more on user-centric applications than enterprise-centric. The emphasis is on making user-interface more interactive and productive. This is being carried out through re-innovating the forecasting tools, vertical data support, incorporating more analytical tools, and so on. Thus, providing business insights from critical data in single view. Further, these address user requirements such as ease of implementation, search & navigation; and addition of personalized interface.
This report by TechNavio Insights highlights the current and future market potential of the Global SaaS-based ILM Market. Further it discusses trends, drivers, growth inhibitors. It also profiles a few major vendors in the market.