The digital vaults market is poised for robust expansion, with its valuation projected to climb to $3.24 billion by 2031, reflecting a compound annual growth rate (CAGR) of 15.1% from 2024 to 2031. This growth is driven by several key factors, including the implementation of stringent data protection regulations and legislation, the rising demand to secure data generated by connected devices, and the growing prevalence of data breaches.
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