Market Research Report
Global Healthcare Data-Storage Market by Type, By Storage System, By End-user, By Region ; Trend Analysis, Competitive Market Share & Forecast, 2016-2026.
|Global Healthcare Data-Storage Market by Type, By Storage System, By End-user, By Region ; Trend Analysis, Competitive Market Share & Forecast, 2016-2026.|
Published: November 1, 2020
Blueweave Consulting & Research Private Limited
Content info: 190 Pages
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Global Healthcare Data-Storage Market by Type (Flash & Solid-State Storage & Magnetic Storage), By Storage System (Storage Area Network, Direct-Attached Storage & Network-Attached Storage), By End-user (Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Research Centers, and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-2026..
Global Hardware Data-Storage Market has gained momentum in recent years with a CAGR of 10%, in value terms, over the forecast period 2020-2026, and is expected to reach USD 5,470.66 Million by 2026. The increasing volume of digital data across various companies. Digital data has emerged as the most significant resource for enterprises in the last few years. The emergence of extremely compressed and flexible storage systems, including high-performance computing technology, converged infrastructure, composable storage systems, hyper-converged cloud infrastructure, scale-out, and scale-up network-connected storage (NAS), has led to broader server scripts and real-time database analytics. The importance of storage is a gradual rise in the creation of new data due to big data and the network of devices (IoT). Modern storage systems need improved technologies to allow businesses to implement machine learning-enabled artificial intelligence (AI) to collect, interpret, and write maximum value from this data.
For versatility and the opportunity to switch software from private and public clouds, the healthcare industry is moving to hybrid clouds. Nutanix recently released the findings of its Enterprise Cloud Index Survey (which quantifies healthcare expectations for the use of private, hybrid, and public clouds) for the healthcare sector. The analysis reported that the healthcare industry is now third in the number of hybrid cloud installations worldwide by industry and is rapidly embracing hybrid clouds that incorporate private and public clouds.
The reasons for this rapid acceptance are numerous. Healthcare entities need to resolve a range of critical IT needs including improved safety, the security of confidential patient records, and compliance with regulatory requirements. More than 28 percent of healthcare respondents listed protection and enforcement as their number one decision criteria when deciding where to run workloads. With hackers attacking medical records with sought-after personal details such as patient healthcare and insurance numbers, healthcare institutions need security technologies that can manage sensitive data movement in a consistent and secure. manner.
In the era of information technology, the healthcare sector needs to contend with vast volumes of data from outpatient departmental end-case cards, medical records from intensive care units, and scanning outcomes from testing instruments such as CT scanners and MRIs X-ray machines. Hospitals require an effective data storage infrastructure for effective information management to handle such a vast volume of data and obtain assistance from data storage specialist firms who support the development of the demand for healthcare data storage. Different forms of data storage methods are available that are applied according to the healthcare facility and the generated data.
For example, approximately 67 % of large hospitals with more than 500 beds use a data storage area network (SAN) in which images and data can go directly from storage to workstations independently on the pipe side, freeing up the main server. For its special characteristic of allowing Picture Archiving and Communication Systems (PACs), SAN's demand is increasing due to the increased need to exchange diagnostic data. Statistics further state that nearly 62 % of mid-to low-level hospitals use external storage media such as tapes, discs, etc. as data storage to store patient records, EMR, radiological images, etc.
Based on region, the Healthcare Data Storage market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Increasing volumes of unstructured healthcare data and rapid technological developments have increased North America's demand for secure, reliable, and cost-effective computing facilities. Adaptation by clinics & hospitals to creative technologies to ensure patient data and the utilization of advanced IT health care. The rising disposable income range & rapid urbanization will boost further the product demand.
Companies such as Dell, Hewlett Packard Enterprise (HPE), IBM Corporation, Fujitsu, NetApp, Nutanix, Pure Storage, Cloudian, Hitachi Systems Ltd., Tintri, Western Digital, and Other Prominent Leaders.
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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Hardware Data-Storage market size & forecast. The report promises to provide state-of-the-art technology of Hardware Data-Storage and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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