As per the latest report, the digital vaults market is expected to grow significantly, reaching $3.24 billion by 2031, with a compound annual growth rate (CAGR) of 15.1% from 2024 to 2031. This robust growth is primarily fueled by the increasing implementation of data protection regulations and legislation, the growing necessity to safeguard data generated from connected devices, and the rising frequency of data breaches.
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