Increasing Demand In The healthcare data storage market is expected to grow at a CAGR at a CAGR of 16% 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 expected to register the highest CAGR during the forecast period. Over the years, the capacities of flash & solid-state drives have surpassed that of magnetic disks, while their prices have reduced considerably. Both factors have driven their adoption over magnetic storage.
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.
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Top Key Players: Dell (US), IBM Corporation (US), NetApp (US), Hewlett Packard Enterprise Development LP (US), Pure Storage, Inc. (US), Hitachi, Ltd. (Japan), Toshiba Corporation (Japan), Western Digital Corporation (US), Scality (US), and Huawei Technologies Co., Ltd. (China)
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Based on end user, the Healthcare Data Storage Market is segmented into pharmaceutical & biotechnology companies, CROs, and CMOs; research centers, academic & government institutes, and clinical research labs; hospitals, clinics, and ASCs; diagnostic & clinical laboratories; and other end users. In 2018, the pharmaceutical & biotechnology companies, CROs, and CMOs segment accounted for the largest share of the global Healthcare Data Storage Market. This can be attributed to the fact that pharmaceutical & biotechnology companies conduct extensive research on drug discovery, which generates a massive amount of data.
Market Regional Segment Analysis: North America, Europe, Chin, Japan, Southeast Asia
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Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Healthcare Data Storage Market. The feasibility of the new report is also measured in this research report.
Following questions have been addressed through research report:
- What will be the market size over the forecast period?
- What are the market dynamics?
- What are the major growth opportunities in front of the market?
- What are the demanding regions for Healthcare Data Storage Market?
- What are the outcomes of SWOT and Porter’s five techniques?
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