Dublin, Dec. 31, 2019 (GLOBE NEWSWIRE) -- The "Healthcare Data Storage Market by Delivery (Remote, Hybrid, On-premise), Architecture (File, Block, Object), Type (Tape, Flash, Solid), Systems (Direct, Network), End-User (Pharma, Biotech, CRO, Hospital, Research Center), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global healthcare data storage market is projected to grow at a CAGR of 14.3% during the forecast period.
The healthcare data storage market is projected to reach USD 5.4 billion in 2024 from USD 2.8 billion in 2019, at a CAGR of 14.3%. The rising volume of digital data generated in healthcare organizations, the rapid and easy deployment of cloud storage solutions, and increasing adoption of hybrid data storage solutions have all driven market growth.
The file storage segment accounted for the largest share of the healthcare data storage architecture market in 2018.
Based on architecture, the healthcare data storage market is segmented into file, object, and block storage. The file storage segment accounted for the largest share of the market in 2018. File storage offers easy syncing, sharing, and distribution of data, which has driven the demand for this architecture type. The object storage segment is expected to witness high growth in this market, mainly due to its capability to handle large volumes of unstructured data as opposed to file storage, which can only handle structured data.
The flash & solid-state storage segment is projected to grow at the highest CAGR during the forecast period.
Based on type, the healthcare data storage market is segmented into magnetic storage and flash & solid-state storage. The flash & solid-state storage segment is projected to grow at the highest CAGR during the forecast period. Over the years, the capacities of flash & solid-state drives have surpassed that of magnetic disks. Moreover, the price of flash and solid-state drives has also declined to a great extent, which has resulted in their increased adoption by end users.
RoW to witness high growth during the forecast period.
In 2018, North America accounted for the largest share of the market, followed by Europe. However, the RoW is expected to grow at the highest CAGR during the forecast period. The increasing volume of unstructured healthcare data and rapid technological advancements have driven demand for secure, reliable, and cost-efficient storage infrastructure in North America. North America, being the early adopter of advanced data storage technologies, captures the largest share of the healthcare data storage market, followed by Europe and Asia.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in the healthcare data storage market by providing them with the closest approximations of revenues for the overall market and its subsegments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies adopt suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Healthcare Data Storage: Market Overview
4.2 Market, By Storage System, 2019-2024 (USD Million)
4.3 Market Share, By End User & Region, 2018
4.4 Market: Geographic Growth Opportunities
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Opportunities
5.2.3 Challenges
6 Market, By Deployment
6.1 Introduction
6.2 On-Premise
6.3 Hybrid
6.4 Remote
7 Market, By Architecture
7.1 Introduction
7.2 File Storage
7.3 Object Storage
7.4 Block Storage
8 Market, By Type
8.1 Introduction
8.2 Flash & Solid-State Storage
8.3 Magnetic Storage
9 Market, By Storage System
9.1 Introduction
9.2 Storage Area Network
9.3 Direct-Attached Storage
9.4 Network-Attached Storage
10 Market, By End User
10.1 Introduction
10.2 Pharmaceutical & Biotechnology Companies, CROS, and CMOS
10.3 Hospitals, Clinics, and Ascs
10.4 Research Centers, Academic & Government Institutes, and Clinical Research Labs
10.5 Diagnostic & Clinical Laboratories
10.6 Other End Users
11 Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia
11.5 Rest of the World
12 Competitive Landscape
12.1 Overview
12.2 Market Player Ranking
12.3 Competitive Leadership Mapping - Overall Market
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Players
12.4 Competitive Situation and Trends
12.4.1 Product Launches
12.4.2 Acquisitions
12.4.3 Other Strategies
13 Company Profiles
13.1 Dell
13.2 IBM Corporation
13.3 NetApp
13.4 Hewlett Packard Enterprise (HPE)
13.5 Pure Storage
13.6 Hitachi
13.7 Toshiba
13.8 Western Digital
13.9 Scality
13.10 Huawei
13.11 Other Key Players
For more information about this report visit https://www.researchandmarkets.com/r/uv9wu
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December 31, 2019 at 04:54PM
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Global Healthcare Data Storage Market is Projected to Grow at a CAGR of 14.3% During the Forecast Period - Yahoo Finance
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