Health Data Archiving Market Forecast to 2028
The global health data archiving market size is expected to reach USD 9.28 Billion in 2028 and register a steady revenue CAGR of 14.1% between 2021 and 2028, according to the latest analysis by Emergen Research. The increasing volume of digital data and rapid deployment of cloud-based storage are among some of the key factors driving global health data archiving market revenue growth, and the trend is expected to continue over the forecast period.
The top competitors in the market, their expansion ambitions, and their growth strategies are all carefully examined in the Health Data Archiving Market report. The archive particularly exhorts businesspeople to look for information about and instructions for potential customers. The review, which only highlights the greatest sellers, helps business owners understand their local market and find potential customers.
The surge in global population and increasing geriatric population are creating urgent need for more technologically advanced and efficient healthcare services and solutions, which in turn is resulting in rapid generation of large data volumes related to patients diagnoses, etc. Healthcare data archives are designed to reduce on-premise footprint, resolve security issues, and decrease support costs, all while preserving significant data for reporting and compliance purposes.
Healthcare organizations generate terabytes of data annually in the form of lab results, patient records, and medical images, among others. The increasing adoption of the Internet of Things (IoT) in hospitals and the steady trend of healthcare wearables are further propelling the growth of the market. The increasing application of Electronic Medical records (EMR), acceptance of hybrid data storage solutions, and Computerized Provider Order Entries (CPOE) are expected to continue to drive revenue growth in the market going forward.
Request a Sample Report with Table of Contents and Figures to visit this site @ https://www.emergenresearch.com/request-sample/801
The global Health Data Archiving market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Health Data Archiving industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
IBM Corporation, Dell, Pure Storage, NetApp Inc., Hitachi Limited, Huawei Technologies Co., Ltd., Western Digital Corporation, Hewlett Packard Enterprises, Samsung Electronics Co., Ltd., and Fujitsu Limited
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends @ https://www.emergenresearch.com/industry-report/health-data-archiving-market
Some Key Highlights from the Report
- In May 2021, National hospital chain HCA Healthcare Inc. and Google signed a deal to develop healthcare algorithms using patient’s data. HCA will consolidate and store with Google digital health records under the agreement. HCA and Google engineers are working together to develop algorithms to enhance efficiency.
- Flash & solid-state storage segment accounted for largest revenue share in 2020 due to high speed offered by this technology. It can write data and perform random input/output operation in a flash. Flash & solid-state storage are very durable, faster than hard disk, and is energy efficient. It is more practical for smaller businesses as these devices are available in different sizes and do not take up any space.
- Cloud segment revenue is expected to register significant growth during the forecast period as cloud provides more cost-saving benefits, reduces responsibilities of IT staff, and is trending currently. Cloud storage does not require significant capital and healthcare providers can use it with affordable monthly subscription. Cloud-based storage is developed to adjust to company’s needs, and keeps up with requirements of companies that are growing rapidly.
- Pharmaceutical & biotechnology companies segment accounted for largest revenue share in 2020 as extensive research is done by these institutions and vast volumes of data are generated. Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs) conduct numerous clinical trials and have multiple pipeline projects, from which data need to be stored and managed in case it is needed in future.
- The market in North America accounted for largest revenue share in 2020 due to rapid adoption of advanced technologies and presence of state-of-the-art research facilities. Stringent regulations in the U.S. have made data storage mandatory, which is further contributing to growth of the market. Use of EHR in almost all hospitals is also fueling market growth.
Market Overview:
The report bifurcates the Health Data Archiving market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Flash & Solid-State Storage
- Magnetic Storage
- Magnetic Discs
- Magnetic Tapes
- Storage System Outlook (Revenue, USD Billion; 2018–2028)
- Direct-Attached Storage
- Storage Area Network
- Network-Attached Storage
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- On-Premises
- Hybrid
- Cloud
Request a impresive discount on the report, click on here @ https://www.emergenresearch.com/request-discount/801
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
Request customization of the report @ https://www.emergenresearch.com/purchase-enquiry/801
Thank you for reading our report. For further queries, please connect with us, and our team will provide you the report best suited to your requirements.
Latest Reports Published by Emergen Research:
autorefractor market
https://www.emergenresearch.com/industry-report/autorefractor-market
flexible sigmoidoscopy market
https://www.emergenresearch.com/industry-report/flexible-sigmoidoscopy-market
functional fibers market
https://www.emergenresearch.com/industry-report/functional-fibers-market
healthcare chatbots market
https://www.emergenresearch.com/industry-report/healthcare-chatbots-market
connected healthcare market
https://www.emergenresearch.com/industry-report/connected-healthcare-market
ultra high temperature milk market
https://www.emergenresearch.com/industry-report/ultra-high-temperature-milk-market
industrial iot market
https://www.emergenresearch.com/industry-report/industrial-iot-market
acoustic insulation market
https://www.emergenresearch.com/industry-report/acoustic-insulation-market
sodium dichromate market
https://www.emergenresearch.com/industry-report/sodium-dichromate-market
smart irrigation controllers market
https://www.emergenresearch.com/industry-report/smart-irrigation-controllers-market
ultraviolet led market
https://www.emergenresearch.com/industry-report/ultraviolet-led-market
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Latest Report: Medical Vacuum System Market, Stereotactic Surgery Devices Market
Trending Title: Veterinary Care Market, Veterinary Dental Equipment Market