Solid Systems

Nov 28, 2019

Printed From BioPortfolio.com Healthcare Data Storage Market by Delivery Remote, Hybrid, Onpremise, Architecture File, Block, Object, Type Tape, Flash, Solid, Systems Direct, Network, EndUser Pharma, Biotech, CRO, Hospital, Research Center, Region Global Forecast to 2024 [Published b 07:18 EST 28 Nov 2019 | BioPortfolio Reports 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 solidstate 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 solidstate storage. The flash solidstate storage segment is projected to grow at the highest CAGR during the forecast period. Over the years, the capacities of flash solidstate drives have surpassed that of magnetic disks. Moreover, the price of flash and solidstate 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 costefficient 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. The primary interviews conducted for this report can be categorized as follows: By Company Type: Tier 1 44%, Tier 2 36%, and Tier 3 20%. By Designation: Clevel 22%, Dlevel 28%, Others 50%. By Region: North America 35%, Europe 26%, Asia Pacific 33%, and RoW 6%. List of companies profiled in the report Dell US