Healthcare Data Storage Market Forecast
The Healthcare Data Storage Market is anticipated to reach USD 52,146 Million by 2030 at 15.3% CAGR during the forecast period 2022-2030.
The healthcare organizations are investing a huge amount in building their IT infrastructures to make it more flexible and scalable to meet the increasing data demand. The organizations are facing challenges to manage the clinical data generated by connected medical devices, hospital patient data, and other information related to health.
IT companies are developing innovate solutions for healthcare companies to manage and utilize their data smoothly to improve patient care. For instance, in 2018 Dell Inc. one of the largest software company launched Dell EMC PowerMax which is the fastest storage solution used across various industries, including banks, cloud service providers and healthcare companies. Additionally, in February 2019, Pure Storage launched ObjectEngine, a data protection platform. The launching of a technologically advanced solution for data storage and strategic collaboration among the companies is projected to boost healthcare data storage market growth.
Healthcare Data Storage Market Influencer
Increasing use of electronic medical records (EMR) and computerized provider order entries (CPOE) to reduce the time and increase the efficiency drives the healthcare data storage market.
Healthcare Data Storage Market Drivers
Healthcare Data Storage Market Segmentation
By Storage System
By End User
Healthcare Data Storage Market Key Players
|Market Size||USD 52,146 Million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Solutions, Application, Architecture, Type, Storage System and End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DataCore Software (US), Dell Inc. (US), IBM Corporation (US), NetApp (US), Hewlett Packard Enterprise (HPE)(US), Pure Storage (US), Hitachi (Japan), Western Digital (US), Nuance Communications, Inc (US), Carestream Corporation (US)|
|Key Market Opportunities||
|Key Market Drivers||
The Healthcare Data Storage Market is expected to reach USD 52,146 Million by 2030.
Healthcare Data Storage Market is expected to exhibit a strong 15.3% CAGR over the forecast period from 2022-2030.
Increasing investment in IT infrastructure development from healthcare sector players is likely to be the major driver for the Healthcare Data Storage Market.
The Americas is the largest regional market for Healthcare Data Storage Market.
Leading players in the Healthcare Data Storage Market include Dell, NetApp, and IBM, among others.