Global Healthcare Data Storage Market Size is estimated to expand rapidly in coming years, at a CAGR of 15.6 % from 2018 to 2027. In 2017, the global market valuation was USD 5.45 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Healthcare organizations are developing more versatility and scalability in their IT systems to meet the growing demand for information. The value-based opportunities for data analysis and the growing number of connected medical devices, which continuously collect data, require organizations to store clinical data in an HIPAA-compliant and easy-to-access way for authorized users.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
Traditionally medical organizations, because IT administrators have power over physical data centers, have shy away from cloud data processing in favor of on - the-spot solutions. Nonetheless, in recent years, businesses have a greater risk of incorporating cloud storage in their IT systems because of lower maintenance costs and increased compliance with HIPAA.
Cloud data storage options provide a versatile, scalable platform that is appealing to protected businesses at a lower price than on-site installations. Organizations which study data analytics plan to steadily increase storage requirements as the Internet of Things (IoT) and mobile devices collect information that must be processed.
The manner in which existing systems are incorporated into infrastructures is one of the biggest data processing challenges facing healthcare organizations. Mass migration from storage to storage systems is impossible for many organizations and so interoperability between cloud vendors is required if a smooth transition is to take place.
Increasing numbers of digital data generated in healthcare organizations, quick and easy implementation of cloud storage solution and the increased adoption of hybrid data storage solutions are driving growth in the industry.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global healthcare data storage market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global healthcare data storage market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global healthcare data storage market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the healthcare data storage report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Delivery Insights: On the basis of delivery, global healthcare data storage market has been segmented into remote, hybrid, and on-premise. In the on-premise segment, the largest share of the market is expected. The most widely accepted storage solutions on the market are on-site solutions. This deployment model can use the multi-supplier architecture to minimize the risk of data loss and external attacks. In addition, users also own on-site storage and monitor the installation, backup and data retrieval systems. The rise of the on-site solutions industry drives these advantages.
By End User Insights: On the basis of end user, global healthcare data storage market has been segmented into pharma, biotech, CRO, hospital, research center. In the 2018 sector the largest share was the pharmaceutical & biotechnology firms, CROs and CMOs. It may be attributed to the fact that in pharmaceutical and biotechnology companies extensive research on drug discovery is carried out and vast data are produced.
The healthcare data storage market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The largest share of the market was dominated by North America in 2018. The increasing volume and rapid technological developments of unstructured healthcare data have led to increased demand for stable, reliable and economical processing infrastructure in North America. In the forecast period, however, RoW will increase at the fastest CAGR.
Global Healthcare Data Storage Market Size, Share Analysis by Region 2018
Global Healthcare Data Storage Market Study Objective
1. To forecast the market size of healthcare data storage market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of healthcare data storage market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of healthcare data storage market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of healthcare data storage market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the healthcare data storage market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Dell, IBM Corporation, NetApp, Hewlett Packard Enterprise Development LP, Pure Storage, Inc., Hitachi, Ltd., Toshiba Corporation, Western Digital Corporation, Scality, Huawei Technologies Co., Ltd., Fujitsu, Samsung, Drobo, Tintri, and Cloudian are some of the key players in the market of healthcare data storage. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Healthcare Data Storage Market Study Report Offer You!
The global healthcare data storage market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online