Digital Legacy Market - Global Digital Legacy Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 -

Description

Digital Legacy Market Set to Soar, Reaching $52 Billion by 2030.

The global digital legacy market is poised for remarkable growth, with forecasts predicting a substantial leap from its 2022 valuation of $12 billion to a staggering $52 billion by the end of 2030. This impressive expansion is driven by several key factors and trends that are reshaping the way individuals plan for the preservation and transfer of their digital assets, memories, and end-of-life preferences.

Key Growth Factors

Digital Footprint Expansion: One of the most significant drivers of the digital legacy market is the ever-increasing digital footprint created by individuals. As more aspects of our lives become digital, from social media accounts to financial records stored in the cloud, there is a pressing need for individuals to plan for the management and transfer of these assets after their passing. This expansion of the digital footprint fuels the demand for digital legacy solutions.

Expanding Consumer Demographics from Tech-savvy Generations: Millennials and Generation Z, known for their tech-savvy nature, are playing a pivotal role in driving the digital legacy market. They recognize the importance of preserving memories and ensuring the secure transfer of digital assets. This demographic's comfort with technology makes them early adopters of digital legacy solutions, propelling market growth.

Rise in Data Privacy Concerns: In an era of heightened data privacy concerns, individuals are increasingly cautious about how their personal information is handled even after their passing. This concern has led to a demand for trusted digital legacy solutions that prioritize data privacy and security, further fueling market growth.

Major Growth Barriers

Complex Legal Landscape: The complex legal landscape surrounding digital assets and inheritance is a significant challenge in the digital legacy market. Laws and regulations regarding digital inheritance vary widely across countries and regions, creating uncertainty for users and service providers. Harmonizing and clarifying digital asset laws and regulations is crucial for the market's broader acceptance.

Evolving Technology Landscape: The rapidly changing technology landscape presents challenges in ensuring the long-term accessibility and compatibility of digital legacies. Users need assurance that their legacy solutions will remain relevant and functional over time, requiring continuous updates and investments.

Key Trends and Opportunities

Blockchain for Digital Wills: Blockchain technology is emerging as a promising tool for preserving and transferring digital assets in accordance with individuals' end-of-life preferences. Its transparency and security features ensure the tamper-proof transfer of digital assets and directives, providing a trusted and verifiable way to manage digital legacies.

AI-driven Asset Identification: Artificial intelligence is simplifying the process of managing and transferring digital legacies by automatically identifying and cataloging digital assets. AI algorithms scan and classify files, photos, documents, and other digital content, streamlining legacy planning.

Biometric Authentication: Biometric authentication enhances security in digital legacy platforms by ensuring that only authorized individuals can handle or inherit digital assets. This technology provides an extra layer of protection for sensitive digital legacies.

How Does the Regulatory Scenario Shape this Industry?

The regulatory landscape significantly influences the digital legacy market, given its handling of sensitive personal data and inheritance-related matters. Data privacy and protection regulations, such as GDPR in Europe and various data privacy laws in the United States, impact how digital legacy service providers handle and store users' personal information and digital assets. Compliance with these regulations is paramount for data security and privacy.

Estate planning laws and regulations play a crucial role in shaping the digital legacy market by determining how digital assets are legally transferred after an individual's passing. Existing laws may not comprehensively address digital inheritance, leading to a need for legal updates and clarifications.

The regulatory environment may also affect the development and adoption of emerging technologies in the digital legacy market, such as blockchain-based solutions and AI-driven asset identification. Regulatory organizations may need to develop rules and standards to ensure the legality and security of these technologies.

Regional Frontrunners

North America at the Forefront: North America is expected to capture the largest market share in the digital legacy market due to its tech-savvy population, robust digital infrastructure, and well-developed legal framework. These factors facilitate widespread adoption and innovation in digital legacy solutions, establishing the region as a market leader.

Asia Pacific Grows Lucrative: The Asia Pacific region is poised for significant growth in the digital legacy market, driven by rapidly growing major economies, an expanding tech-savvy population, and a growing cultural emphasis on heritage preservation. These factors collectively drive demand for innovative digital legacy solutions in the region.

Market Leaders

Several key players are shaping the global digital legacy market, offering innovative solutions to meet the growing demand for digital legacy planning:

Everplans
SafeBeyond
Dead Social
Afternote
PartingWishes
Eterniam
LifeSite
Fairwill

Digital Beyond
Your Digital File
MyWonderfullife
SecureSafe
VirtualEternity
Postumous
Eter9

1. Executive Summary

1.1. Global Digital Legacy Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Digital Legacy Market Outlook, 2018 - 2030

3.1. Global Digital Legacy Market Outlook, by Storage Capacity, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Up to 500 MB
  - 3.1.1.2. 500 MB to 5 GB
  - 3.1.1.3. 5 GB to 10 GB
  - 3.1.1.4. Up to 30 GB
3.2. Global Digital Legacy Market Outlook, by End Users, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Individual
  - 3.2.1.2. Group
  - 3.2.1.3. Family
3.3. Global Digital Legacy Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. Social Media
  - 3.3.1.2. Email
  - 3.3.1.3. Bank Accounts/Online Payment
  - 3.3.1.4. Media & Entertainment
  - 3.3.1.5. Misc.
3.4. Global Digital Legacy Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America Digital Legacy Market Outlook, 2018 - 2030

4.1. North America Digital Legacy Market Outlook, by Storage Capacity, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Up to 500 MB
  - 4.1.1.2. 500 MB to 5 GB
  - 4.1.1.3. 5 GB to 10 GB
  - 4.1.1.4. Up to 30 GB
4.2. North America Digital Legacy Market Outlook, by End Users, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Individual
  - 4.2.1.2. Group
  - 4.2.1.3. Family
4.3. North America Digital Legacy Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Social Media
  - 4.3.1.2. Email
  - 4.3.1.3. Bank Accounts/Online Payment
  - 4.3.1.4. Media & Entertainment
  - 4.3.1.5. Misc.
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Digital Legacy Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 4.4.1.2. U.S. Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 4.4.1.3. U.S. Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 4.4.1.4. U.S. Digital Legacy Market End Use, Value (US$ Bn), 2018 - 2030
  - 4.4.1.5. Canada Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 4.4.1.6. Canada Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 4.4.1.7. Canada Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 4.4.1.8. Canada Digital Legacy Market End Use, Value (US$ Bn), 2018 - 2030
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Digital Legacy Market Outlook, 2018 - 2030

5.1. Europe Digital Legacy Market Outlook, by Storage Capacity, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Up to 500 MB
  - 5.1.1.2. 500 MB to 5 GB
  - 5.1.1.3. 5 GB to 10 GB
  - 5.1.1.4. Up to 30 GB
5.2. Europe Digital Legacy Market Outlook, by End Users, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Individual
  - 5.2.1.2. Group
  - 5.2.1.3. Family
5.3. Europe Digital Legacy Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Social Media
  - 5.3.1.2. Email
  - 5.3.1.3. Bank Accounts/Online Payment
  - 5.3.1.4. Media & Entertainment
  - 5.3.1.5. Misc.
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Digital Legacy Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 5.4.1.2. Germany Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 5.4.1.3. Germany Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.4. U.K. Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 5.4.1.5. U.K. Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 5.4.1.6. U.K. Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.7. France Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 5.4.1.8. France Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 5.4.1.9. France Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.10. Italy Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 5.4.1.11. Italy Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 5.4.1.12. Italy Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.13. Russia Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 5.4.1.14. Russia Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 5.4.1.15. Russia Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.16. Rest of Europe Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 5.4.1.17. Rest of Europe Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 5.4.1.18. Rest of Europe Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Digital Legacy Market Outlook, 2018 - 2030

6.1. Asia Pacific Digital Legacy Market Outlook, by Storage Capacity, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Up to 500 MB
  - 6.1.1.2. 500 MB to 5 GB
  - 6.1.1.3. 5 GB to 10 GB
  - 6.1.1.4. Up to 30 GB
6.2. Asia Pacific Digital Legacy Market Outlook, by End Users, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Individual
  - 6.2.1.2. Group
  - 6.2.1.3. Family
6.3. Asia Pacific Digital Legacy Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Social Media
  - 6.3.1.2. Email
  - 6.3.1.3. Bank Accounts/Online Payment
  - 6.3.1.4. Media & Entertainment
  - 6.3.1.5. Misc.
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Digital Legacy Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. China Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 6.4.1.2. China Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 6.4.1.3. China Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.4. Japan Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 6.4.1.5. Japan Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 6.4.1.6. Japan Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.7. South Korea Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 6.4.1.8. South Korea Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 6.4.1.9. South Korea Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.10. India Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 6.4.1.11. India Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 6.4.1.12. India Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.13. Southeast Asia Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 6.4.1.14. Southeast Asia Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 6.4.1.15. Southeast Asia Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.16. Rest of Asia Pacific Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 6.4.1.17. Rest of Asia Pacific Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 6.4.1.18. Rest of Asia Pacific Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Digital Legacy Market Outlook, 2018 - 2030

7.1. Latin America Digital Legacy Market Outlook, by Storage Capacity, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Up to 500 MB
  - 7.1.1.2. 500 MB to 5 GB
  - 7.1.1.3. 5 GB to 10 GB
  - 7.1.1.4. Up to 30 GB
7.2. Latin America Digital Legacy Market Outlook, by End Users, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Individual
  - 7.2.1.2. Group
  - 7.2.1.3. Family
7.3. Latin America Digital Legacy Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Social Media
  - 7.3.1.2. Email
  - 7.3.1.3. Bank Accounts/Online Payment
  - 7.3.1.4. Media & Entertainment
  - 7.3.1.5. Misc.
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Digital Legacy Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 7.4.1.2. Brazil Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 7.4.1.3. Brazil Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.4. Mexico Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 7.4.1.5. Mexico Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 7.4.1.6. Mexico Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.7. Rest of Latin America Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 7.4.1.8. Rest of Latin America Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 7.4.1.9. Rest of Latin America Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Digital Legacy Market Outlook, 2018 - 2030

8.1. Middle East & Africa Digital Legacy Market Outlook, by Storage Capacity, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Up to 500 MB
  - 8.1.1.2. 500 MB to 5 GB
  - 8.1.1.3. 5 GB to 10 GB
  - 8.1.1.4. Up to 30 GB
8.2. Middle East & Africa Digital Legacy Market Outlook, by End Users, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Individual
  - 8.2.1.2. Group
  - 8.2.1.3. Family
8.3. Middle East & Africa Digital Legacy Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Social Media
  - 8.3.1.2. Email
  - 8.3.1.3. Bank Accounts/Online Payment
  - 8.3.1.4. Media & Entertainment
  - 8.3.1.5. Misc.
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Digital Legacy Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 8.4.1.2. GCC Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 8.4.1.3. GCC Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.4. South Africa Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 8.4.1.5. South Africa Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 8.4.1.6. South Africa Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.7. Rest of Middle East & Africa Digital Legacy Market by Storage Capacity, Value (US$ Bn), 2018 - 2030
  - 8.4.1.8. Rest of Middle East & Africa Digital Legacy Market End Users, Value (US$ Bn), 2018 - 2030
  - 8.4.1.9. Rest of Middle East & Africa Digital Legacy Market Application, Value (US$ Bn), 2018 - 2030
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Application vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. Everplans
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. SafeBeyond
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. DeadSocial
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Afternote
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. PartingWishes
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Eterniam
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. LifeSite
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. Fairwill
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. Digital Beyond
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Your Digital File
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. MyWonderfulLife
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. SecureSafe
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Product Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. VirtualEternity
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Product Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. Postumous
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Product Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. Eter9
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Product Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations