Surge in the data generated by healthcare organizations around the world is likely to push the demand opportunities in the global healthcare data storage market during the forecast period of 2021 to 2031.
Global Healthcare Data Storage Market: Snapshot
Surge in the data generated by healthcare organizations around the world is likely to push the demand opportunities in the global healthcare data storage market during the forecast period of 2021 to 2031. Flash & solid-state storage and magnetic storage are the two product types available in the market for healthcare data storage market.
An upcoming study by TMR provides thorough analysis of major factors driving the expansion of the global healthcare data storage market. Thus, it gives exhaustive assessment of vital elements such as drivers, historical and present trends, restraints, growth opportunities, and challenges in the market. Furthermore, this study document offers insights on the competition landscape, recent developments, and regional analysis of the market for healthcare data storage.
The report analysts have presented all the data from the global healthcare data storage market in the form of several segments, which are based on crucial parameters such as deployment, architecture, type, storage system, end user, and region. On the basis of deployment, the market is classified into remote, hybrid, and on-premise.
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Key Drivers of Healthcare Data Storage Market Growth
Research centers, pharmaceutical & biotechnology companies, CROs, CMOs, academic & government institutes, clinical research labs, clinics, ASCs, hospitals, and diagnostic & clinical laboratories are some of the key end users of the healthcare data storage services.
Companies from the pharmaceutical industry are involved in continuous R&D activities in order to develop of novel drugs on different health conditions. Thus, pharmaceutical companies are known for generating a huge amount of data during these researches. Owing to this factor, players from the global healthcare data storage market are projected to gather prominent sales opportunities from the pharmaceutical industry in the years to come.
Companies from the healthcare data storage market are experiencing high demand for on-premise solutions. Some of the key factors driving this growth in product adoption include the ability of this deployment model to utilize multi-vendor architecture and reduce risks related to external attacks and data breach.
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Competition Landscape of Healthcare Data Storage Market
The nature of global healthcare data storage market is fairly fragmented. With existence of many well-entrenched companies, the competition levels in the market for healthcare data storage are highly intense. To maintain the leading market position, major enterprises are utilizing organic and inorganic strategies such as collaborations, partnerships, joint ventures, and new product launches.
Many market players are growing focus on the merger and acquisition activities. A case in point here is the acquisition announcement by Hewlett Packard. The firm announced that it has acquired Zerto, an organization engaged in cloud data management and protection. This move by the firm is projected to strengthen its position in the global healthcare data storage market in the forthcoming years.
The list of key players in the global healthcare data storage market includes:
- IBM Corporation
- Dell
- Hewlett Packard Enterprise Development LP
- NetApp
- Hitachi, Ltd.
- Pure Storage, Inc.
- Western Digital Corporation
- Toshiba Corporation
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North America Demand Outlook for Healthcare Data Storage
North America, Europe, Asia Pacific, and rest of the world are some of the important regions in which the global healthcare data storage market shows prominent presence. Among all, North America seems to be one of the lucrative regions for players in the market for healthcare data storage.
With rise in technological advancements and surge in volume of unstructured healthcare data in the region, the need for dependable, secure, and cost-effective storage infrastructure is increased in the North America region, which in turn, is fueling the expansion of North America healthcare data storage market.
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