14th February 2006
Leading Research Firm Names ZANTAZ® as the Market Leader in fast growing email archiving market for second year in a row.
- New survey finds ZANTAZ market leader with 27% of total revenue
- Overall email archiving market grew 96% in one year
- Email discovery and litigation support cited as top end-user requirement for an email archiving solution
ZANTAZ, Inc., the global leader in Information Retention and Discovery Management (IRDM) solutions, continues to be the leader in email archiving, accounting for 27% of the revenue in this rapidly growing market, according to IDC’s “Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You’ve Got Mail, Doc #34540, December 2005. The new recently released report provides a top-down sizing of the global email archiving market. Based on email archiving applications delivered as software, a hosted service or an appliance, the report offers a forecast for the 2005-2009 market along with leading vendor revenue and market share data from 2004.
The Leader in a Fast-Growing Market
According to IDC, the email archiving applications market totaled $193 million in 2004, up 96 percent from the prior year’s revenue of $98 million. The growth of email and email attachments coupled with an increased awareness of regulatory compliance and corporate governance issues are major factors contributing to the explosive growth of the market.
“IDC’s report is a testament to how valuable ZANTAZ’ proven email archiving solutions are to customers,” said Steve King, President and CEO of ZANTAZ. “By providing unique solutions that fulfill information retention and discovery management needs, we’re able to solve some of the most critical data retention and retrieval issues facing companies today.”
E-Discovery Helping Drive Growth
IDC also reports that email discovery and litigation support ranked as one of the top 5 critical end-user drivers that organizations cite when purchasing email archiving solutions. King continues, “ZANTAZ continues to be ahead of the trend in delivering information retention products that seamlessly integrate with discovery management solutions. Through our IRDM offering, we provide a set of solutions that enable customers to efficiently manage their electronic documents while also allowing them to quickly respond to discovery and litigation requests.”
"Email has taken over as the communication standard for conducting business,” said Vivian Tero, Senior Analyst, Compliance Infrastructure, IDC. “Regulators now recognize electronic documents and messages as critical records of business and are mandating the proper retention and management of these records. ZANTAZ understands this critical need and provides its customers with integrated solutions that can help them not only capture this information but produce it in a timely manner."
The full report, IDC, Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You’ve Got Mail, Doc #34540, December 2005 can be purchased at www.idc.com.
Source: IDC, Worldwide Email Archiving Applications 2005-2009 Forecast and 2004 Vendor Shares: When You Need to Know That You've Got Mail, Doc #34540, December 2005
For more information call +44(0)1275 343199 or email info@essential.co.uk.
|