Digital Legacy Market Size, Trends and Insights By Storage Capacity (Up to 500 MB, 500 MB to 5 GB, 5 GB to 10 GB, Up to 30 GB), By End Users (Individual, Group, Family), By Application (Media, Entertainment, Healthcare, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI27175

Published Date: July 2023

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 13.3%
15.8B
2022
19.7B
2023
55.2B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • pCloud
  • Tresorit
  • Mega
  • SpiderOak
  • Boxcryptor
  • Mega.nz
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Digital Legacy Market is expected to record a CAGR of 13.3% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 15.8 billion. By 2032, the valuation is anticipated to reach USD 55.2 billion.

Daily Hours Spent with Digital Media in the U.S.
Year Mobile (BOND Internet Trends (2019)) Desktop/Laptop (BOND Internet Trends (2019)) Other Connected Devices (BOND Internet Trends (2019))
2008 0.3 2.2 0.2
2009 0.3 2.3 0.3
2010 0.4 2.4 0.4
2011 0.8 2.6 0.3
2012 1.6 2.5 0.3
2013 2.3 2.3 0.3
2014 2.6 2.2 0.3
2015 2.8 2.2 0.4
2016 3.1 2.2 0.4
2017 3.3 2.1 0.6
2018 3.6 2 0.7
Source: According to Our World in Data

The Digital Legacy Market encompasses services and solutions focused on managing an individual’s digital assets, online presence, and digital footprints after their passing. It involves planning, securing access to online accounts, and preserving digital data for inheritance or personal wishes.

The market operates in the digital realm, utilizing technology to handle and safeguard sensitive digital information. It involves digital estate planning, data encryption, privacy protection, and personalized solutions to cater to individual preferences.

Key trends include increased awareness and demand for digital legacy services, integration with estate planning offerings, emphasis on data security and privacy, and the rise of tech-savvy generations driving the need for personalized and efficient digital legacy management solutions.

Digital Legacy Market – Significant Growth Factors

The Digital Legacy Market presents significant growth opportunities due to several factors:

  • Increasing Digital Footprint: The widespread adoption of digital technologies and social media has resulted in a significant digital footprint for individuals. This has driven the need for managing and preserving digital legacies, including personal data, online accounts, and digital assets.
  • Growing Awareness and Education: As awareness about the importance of digital legacy management increases, more individuals and businesses are seeking solutions to address their digital assets and online presence after their passing. This awareness has fuelled the demand for digital legacy services.
  • Legal and Regulatory Developments: The evolving legal landscape around digital assets and inheritance has become a driving force in the market. Governments and authorities worldwide are recognizing the significance of digital legacies and are formulating laws and regulations to address these aspects.
  • Data Security and Privacy Concerns: With the rising emphasis on data security and privacy, individuals and businesses are seeking secure solutions for managing their digital legacies. Service providers that offer robust encryption and privacy measures gain a competitive advantage in the market.
  • Innovative Service Offerings: There is ample scope for developing innovative digital legacy services that cater to diverse customer needs. Personalized solutions, user-friendly interfaces, and seamless synchronization across devices present significant opportunities.
  • Integration with Estate Planning Services: The integration of digital legacy management with traditional estate planning services presents a lucrative opportunity. Comprehensive estate planning firms can offer holistic solutions to address both physical and digital assets.
  • Catering to Tech-Savvy Generations: Younger generations, being more digitally native, present a growing opportunity for service providers to tailor solutions that align with their preferences and values for managing their digital legacies.
  • Global Market Expansion: As the awareness of digital legacy management spreads globally, there is ample potential for service providers to enter and expand their offerings in untapped markets, creating a wider customer base and diversifying revenue streams.

Digital Legacy Market – Mergers and Acquisitions

The Digital Legacy Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Digital Legacy Market include:

  • In 2018, LegacyArmour, a digital legacy management platform, formed a partnership with Legal & General America, a leading life insurance provider. The collaboration aimed to offer enhanced digital legacy planning and protection services to policyholders, ensuring a seamless integration of digital assets and beneficiary information.
  • In 2019, Everplans, a digital estate planning platform, partnered with AARP (American Association of Retired Persons) to provide its members with access to comprehensive digital legacy planning tools. The collaboration sought to empower AARP’s members to efficiently manage their digital assets and online presence for future generations.
  • In 2020, Legacy Armour was acquired by Vivos, a provider of digital memorialization services. The acquisition aimed to combine Legacy Armour’s expertise in digital legacy management with Vivos’ memorialization solutions, offering customers a seamless experience for preserving their digital legacies.
  • In 2021, Everplans was acquired by 1-800-FLOWERS.COM Inc., a leading gifting and floral company. The acquisition allowed 1-800-FLOWERS.COM to expand its services into the digital legacy market, offering customers a comprehensive platform for both gifting and legacy planning.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Digital Legacy Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Digital Legacy Market Digital Gift Card Market Digital Education Publishing Market
CAGR 13.3% (Approx) CAGR 12.5% (Approx) CAGR 18.5% (Approx)
USD 55.2 Billion by 2032 USD 1.2 Trillion by 2032 USD 30.4 Billion by 2030

Digital Legacy Market – Significant Threats

The Digital Legacy Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Data Privacy and Security Risks: The Digital Legacy Market faces significant threats concerning data privacy and security. Managing sensitive digital information after someone’s passing requires robust security measures to safeguard against data breaches and unauthorized access, as mishandling such data could have severe consequences for individuals and their families.
  • Legal and Regulatory Challenges: The evolving legal landscape around digital assets and inheritance poses a significant threat to the market. Varying laws and regulations across different jurisdictions can create complexities in managing digital legacies, leading to legal disputes and uncertainties for service providers and customers.
  • Lack of Awareness and Adoption: Despite increasing awareness, the Digital Legacy Market still faces challenges in reaching a wider audience. Many individuals and businesses are not fully aware of the importance of digital legacy planning, leading to limited adoption of services, and inhibiting market growth.
  • Rapid Technological Changes: The fast-paced nature of technology can pose a threat to digital legacy solutions. As new digital platforms and services emerge, service providers need to continuously adapt to ensure compatibility with evolving digital environments, maintaining the accessibility and integrity of clients’ digital legacies over time.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 19.7 Billion
Projected Market Size in 2032 USD 55.2 Billion
Market Size in 2022 USD 15.8 Billion
CAGR Growth Rate 13.3% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Storage Capacity, End Users, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Storage Capacity:

  • Up to 500 MB: This category typically includes small-sized digital assets such as documents, images, and basic media files, which can be efficiently managed using basic cloud storage solutions and file-sharing platforms.
  • 500 MB to 5 GB: Digital assets in this range encompass more substantial files, like videos and high-resolution images, necessitating more robust cloud storage options with enhanced security features and seamless synchronization across devices.
  • 5 GB to 10 GB: This category covers larger data files, including extensive media libraries and documents, requiring advanced cloud storage and organization solutions that offer scalable capacities, efficient data management, and data encryption for added protection.
  • Up to 30 GB: Digital assets in this range are extensive and may involve complex data sets or multimedia archives, demanding specialized cloud storage services with comprehensive data backup, easy retrieval, and reliable data retention to ensure seamless access and management of these valuable assets.

Global Digital Legacy Market 2023–2032 (By Billion)

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By End User

  • Individual: Individual end users in the Digital Legacy Market refer to single individuals who seek to manage their digital assets and online presence for their own personal legacy. Trends include a growing awareness of the need for digital legacy planning, increased adoption of user-friendly digital legacy platforms, and a focus on personalized solutions.
  • Group: Group end users represent organizations or associations with shared interests, such as clubs or professional networks. The trend involves partnerships with digital legacy service providers to offer customized solutions to group members, ensuring efficient management of their collective digital legacies.
  • Family: Family end users encompass multiple individuals from the same family unit. Trends include a rise in family-oriented digital legacy platforms that enable the secure sharing and preservation of family memories, documents, and digital assets, fostering a sense of digital heritage and continuity.

By Application

  • Media: In the Digital Legacy Market, media companies focus on managing digital assets like photos, videos, and creative content. Trends include personalized digital archives, secure access for designated beneficiaries, and integration with media management platforms for seamless preservation and sharing.
  • Entertainment: In this application, digital legacy services cater to artists, musicians, and performers. Trends include digital rights management, legacy planning for intellectual property, and secure storage of unreleased works, ensuring their preservation and controlled distribution after the artist’s passing.
  • Healthcare: In the healthcare sector, digital legacy solutions involve managing sensitive medical records, advance directives, and end-of-life wishes. Trends include secure healthcare data storage, encrypted access for authorized parties, and integration with electronic health record systems to streamline legacy planning.
  • Others: Beyond the mentioned applications, the Digital Legacy Market addresses diverse needs like business data management, educational assets, and charity-related legacies. Trends include customizable legacy planning for specific use cases, secure data sharing with designated beneficiaries, and innovative solutions to accommodate various digital assets and preferences.

Global Digital Legacy Market 2023–2032 (By End Users)

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Digital Legacy Market – Regional Analysis

The Digital Legacy Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the Digital Legacy Market trends include a strong emphasis on data privacy and security due to stringent regulations. Personalized and comprehensive digital legacy planning services are on the rise, addressing diverse assets and preferences. Additionally, the integration of digital legacy management with estate planning services is gaining traction, providing holistic solutions for individuals and businesses. Some dominating market players in North America are LegacyArmour, Everplans, and Rocket Lawyer. These companies offer innovative digital legacy solutions, with a focus on data security, user-friendly interfaces, and seamless integration with estate planning services.
  • Europe: In Europe, the Digital Legacy Market trends include the growing adoption of digital legacy planning among tech-savvy populations. Data privacy and compliance with GDPR (General Data Protection Regulation) are crucial considerations, leading to the development of secure and privacy-focused solutions. Moreover, collaborations with legal and financial institutions for estate planning integration are becoming prominent. In Europe, significant market players include Arken Legal a provider of digital estate planning software, and Perpetu, a UK-based digital legacy platform. These companies offer reliable solutions, incorporating legal compliance and personalized digital asset management.
  • Asia-Pacific: In the Asia-Pacific region, the Digital Legacy Market is witnessing increased awareness about digital legacy planning. Growing tech adoption among younger generations is driving demand for innovative digital legacy services. Solutions that accommodate diverse cultural preferences and multilingual interfaces are gaining traction in this region. Key market players in the Asia-Pacific region include GoodTrust, a digital legacy management company, and Vivos, a provider of digital memorialization services. These companies cater to the region’s unique needs, offering personalized solutions and secure data management.
  • LAMEA (Latin America, Middle East, and Africa): In LAMEA, the Digital Legacy Market is evolving gradually, with a focus on raising awareness about the importance of digital legacy planning. Digital memorialization and preserving cultural heritage are gaining significance. Moreover, partnerships with financial institutions and governments are being explored to promote adoption. While the market is still developing in LAMEA, LegacyArmour and Legacy Angel are among the notable players offering digital legacy services in the region. They are working to expand their presence and cater to the specific needs of this diverse and growing market.

Global Digital Legacy Market 2023–2032 (By Application)

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Competitive Landscape – Digital Legacy Market

The Digital Legacy Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • pCloud
  • Tresorit
  • Mega
  • SpiderOak
  • Boxcryptor
  • Mega.nz
  • Tutanota
  • Google Drive
  • Dropbox
  • Microsoft OneDrive
  • Apple iCloud
  • Amazon Drive
  • Sync.com
  • Backblaze
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, in 2021, LegacyAngel, a prominent digital legacy management platform, formed a major partnership with a leading financial institution to offer its customers enhanced estate planning and digital legacy services. The collaboration aimed to provide a seamless and comprehensive solution for managing clients’ digital assets and online presence after their passing.

In recent years, several new players have entered the Digital Legacy Market, adopting innovation and development to establish their presence. These emerging companies focus on cutting-edge technology, user-friendly interfaces, and personalized solutions to address diverse customer needs. They leverage advancements like blockchain for secure data management, AI for personalized asset curation, and mobile apps for seamless accessibility. These new entrants aim to disrupt the market by offering novel approaches and expanding the scope of digital legacy planning services.

Among the key players dominating the Digital Legacy Market are LegacyArmour, Everplans, and LegacyAngel. These companies have established a strong foothold through their comprehensive and reliable digital legacy solutions. They prioritize data security, ensuring encrypted and privacy-focused services. Additionally, these market leaders offer seamless integration with estate planning, legal compliance, and user-friendly interfaces. Their well-established reputation, extensive customer base, and constant innovation make them dominant forces shaping the growth and development of the Digital Legacy Market.

The Digital Legacy Market is segmented as follows:

By Storage Capacity

  • Up to 500 MB
  • 500 MB to 5 GB
  • 5 GB to 10 GB
  • Up to 30 GB

By End Users

  • Individual
  • Group
  • Family

By Application

  • Media
  • Entertainment
  • Healthcare
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Digital Legacy Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Digital Legacy Market : snapshot
  • Chapter 3. Global Digital Legacy Market – Industry Analysis
    • 3.1 Digital Legacy Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Digital Footprint
      • 3.2.2 Growing Awareness and Education
      • 3.2.3 Legal and Regulatory Developments
      • 3.2.4 Data Security and Privacy Concerns
      • 3.2.5 Innovative Service Offerings
      • 3.2.6 Integration with Estate Planning Services
      • 3.2.7 Catering to Tech-Savvy Generations
      • 3.2.8 Global Market Expansion.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Storage Capacity
      • 3.7.2 Market attractiveness analysis By End Users
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Digital Legacy Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Digital Legacy Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Digital Legacy Market – Storage Capacity Analysis
    • 5.1 Global Digital Legacy Market overview: By Storage Capacity
      • 5.1.1 Global Digital Legacy Market share, By Storage Capacity, 2022 and 2032
    • 5.2 Up to 500 MB
      • 5.2.1 Global Digital Legacy Market by Up to 500 MB, 2023 – 2032 (USD Billion)
    • 5.3 500 MB to 5 GB
      • 5.3.1 Global Digital Legacy Market by 500 MB to 5 GB, 2023 – 2032 (USD Billion)
    • 5.4 5 GB to 10 GB
      • 5.4.1 Global Digital Legacy Market by 5 GB to 10 GB, 2023 – 2032 (USD Billion)
    • 5.5 Up to 30 GB
      • 5.5.1 Global Digital Legacy Market by Up to 30 GB, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Digital Legacy Market – End Users Analysis
    • 6.1 Global Digital Legacy Market overview: By End Users
      • 6.1.1 Global Digital Legacy Market share, By End Users, 2022 and 2032
    • 6.2 Individual
      • 6.2.1 Global Digital Legacy Market by Individual, 2023 – 2032 (USD Billion)
    • 6.3 Group
      • 6.3.1 Global Digital Legacy Market by Group, 2023 – 2032 (USD Billion)
    • 6.4 Family
      • 6.4.1 Global Digital Legacy Market by Family, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Digital Legacy Market – Application Analysis
    • 7.1 Global Digital Legacy Market overview: By Application
      • 7.1.1 Global Digital Legacy Market share, By Application, 2022 and 2032
    • 7.2 Media
      • 7.2.1 Global Digital Legacy Market by Media, 2023 – 2032 (USD Billion)
    • 7.3 Entertainment
      • 7.3.1 Global Digital Legacy Market by Entertainment, 2023 – 2032 (USD Billion)
    • 7.4 Healthcare
      • 7.4.1 Global Digital Legacy Market by Healthcare, 2023 – 2032 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Digital Legacy Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Digital Legacy Market – Regional Analysis
    • 8.1 Global Digital Legacy Market Regional Overview
    • 8.2 Global Digital Legacy Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Digital Legacy Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Digital Legacy Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Digital Legacy Market, by Storage Capacity, 2023 – 2032
      • 8.4.1 North America Digital Legacy Market, by Storage Capacity, 2023 – 2032 (USD Billion)
    • 8.5 North America Digital Legacy Market, by End Users, 2023 – 2032
      • 8.5.1 North America Digital Legacy Market, by End Users, 2023 – 2032 (USD Billion)
    • 8.6 North America Digital Legacy Market, by Application, 2023 – 2032
      • 8.6.1 North America Digital Legacy Market, by Application, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Digital Legacy Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Digital Legacy Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Digital Legacy Market, by Storage Capacity, 2023 – 2032
      • 8.8.1 Europe Digital Legacy Market, by Storage Capacity, 2023 – 2032 (USD Billion)
    • 8.9 Europe Digital Legacy Market, by End Users, 2023 – 2032
      • 8.9.1 Europe Digital Legacy Market, by End Users, 2023 – 2032 (USD Billion)
    • 8.10 Europe Digital Legacy Market, by Application, 2023 – 2032
      • 8.10.1 Europe Digital Legacy Market, by Application, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Digital Legacy Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Digital Legacy Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Digital Legacy Market, by Storage Capacity, 2023 – 2032
      • 8.12.1 Asia Pacific Digital Legacy Market, by Storage Capacity, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Digital Legacy Market, by End Users, 2023 – 2032
      • 8.13.1 Asia Pacific Digital Legacy Market, by End Users, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Digital Legacy Market, by Application, 2023 – 2032
      • 8.14.1 Asia Pacific Digital Legacy Market, by Application, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Digital Legacy Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Digital Legacy Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Digital Legacy Market, by Storage Capacity, 2023 – 2032
      • 8.16.1 Latin America Digital Legacy Market, by Storage Capacity, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Digital Legacy Market, by End Users, 2023 – 2032
      • 8.17.1 Latin America Digital Legacy Market, by End Users, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Digital Legacy Market, by Application, 2023 – 2032
      • 8.18.1 Latin America Digital Legacy Market, by Application, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Digital Legacy Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Digital Legacy Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Digital Legacy Market, by Storage Capacity, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Digital Legacy Market, by Storage Capacity, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Digital Legacy Market, by End Users, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Digital Legacy Market, by End Users, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Digital Legacy Market, by Application, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Digital Legacy Market, by Application, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 pCloud
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Tresorit
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Mega
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 SpiderOak
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Boxcryptor
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 MEGA.nz
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Tutanota
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Google Drive
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Dropbox
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Microsoft OneDrive
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Apple iCloud
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Amazon Drive
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Sync.com
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Backblaze
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Others.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • pCloud
  • Tresorit
  • Mega
  • SpiderOak
  • Boxcryptor
  • nz
  • Tutanota
  • Google Drive
  • Dropbox
  • Microsoft OneDrive
  • Apple iCloud
  • Amazon Drive
  • Sync.com
  • pCloud
  • Backblaze
  • Others

FAQs

The key factors driving the Market are Increasing Digital Footprint, Growing Awareness and Education, Legal and Regulatory Developments, Data Security and Privacy Concerns, Innovative Service Offerings, Integration with Estate Planning Services, Catering to Tech-Savvy Generations And Global Market Expansion.

The “Storage Capacity” category dominated the market in 2022.

The key players in the market are pCloud, Tresorit, Mega, SpiderOak, Boxcryptor, MEGA.nz, Tutanota, Google Drive, Dropbox, Microsoft OneDrive, Apple iCloud, Amazon Drive, Sync.com, Backblaze, Others.

“North America” had the largest share in the Digital Legacy Market.

The global market is projected to grow at a CAGR of 13.3% during the forecast period, 2023-2032.

The Digital Legacy Market size was valued at USD 15.8 Billion in 2022.

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