Healthcare Data Storage Market accounted for US$ 3.08 billion in 2020 and is estimated to be US$ 11.81 billion by 2030 and is anticipated to register a CAGR of 14.4%. Any data "relating to health issues, reproductive results, causes of mortality, and quality of life" for an individual or a population is referred to as health data. Clinical metrics, as well as environmental, socioeconomic, and behavioral data, are all included in health data. As healthcare businesses struggle to guarantee that their growing data is maintained safely, efficiently, and promptly available, data storage management is becoming more crucial. Healthcare organizations are rethinking their data storage solutions to accommodate growing volumes of data, support innovative solutions and applications, and ensure data security and privacy in accordance with existing legislation.
The report " Global Healthcare Data Storage Market, By Type (Magnetic Storage and Flash & Solid-state Storage), By Deployment (On-premise, Remote, and Hybrid), By Architecture (Object Storage, File Storage, and Block Storage), By End-users (Pharmaceutical & Biotechnology Companies, Research Centers, and Hospitals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’
Key Highlights:
· In December 2021,The healthtech sector in the United Kingdom appears to be in good shape. Its almost 3,000 startups and scaleups received a record level of venture capital funding – £2.33 billion – last year, valued at £36 billion. In terms of overall scale, it is second only to Fintechs in the UK's flourishing IT sector, employing 132,000 people.
Analyst View:
The growing volume of digital data generated in healthcare companies, combined with the rapid and simple implementation of cloud storage solutions, is a primary factor driving global market growth. In addition, the global market is benefiting from the increased adoption of hybrid data storage solutions in healthcare companies. According to various research reports, healthcare data will grow at a rapid rate in the future, making it challenging for the healthcare business to manage enormous amounts of data. This is likely to increase demand for healthcare data storage solutions, which will drive market expansion over the forecast period.
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Key Market Insights from the report:
Global Healthcare Data Storage Market accounted for US$ 3.08 billion in 2020 and is estimated to be US$ 11.81 billion by 2030 and is anticipated to register a CAGR of 14.4%.Global Healthcare Data Storage market is segmented into type, deployment, architecture, end-users and region.
· Based on Type, the Global Healthcare Data Storage Market is segmented into Magnetic Storage and Flash & Solid-state Storage.
· Based on Deployment, the Global Healthcare Data Storage Market is segmented into On-premise, Remote, and Hybrid.
· Based on Architecture, the Global Healthcare Data Storage Market is segmented into Object Storage, File Storage, and Block Storage.
· Based on End-users, the Global Healthcare Data Storage Market is segmented into Pharmaceutical & Biotechnology Companies, Research Centers, and Hospitals.
· By Region, the Global Healthcare Data Storage Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the global market in 2019, and is expected to maintain its position over the forecast period.
Competitive Landscape & their strategies of Global Healthcare Data Storage Market:
The key players in the global Healthcare Data Storage market includes Dell, IBM Corporation
NetApp, Hewlett Packard Enterprise Development LP, Pure Storage, Inc., Hitachi, Ltd., Toshiba Corporation, Western Digital Corporation, Scality and Huawei Technologies Co., Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
