Healthcare Data Storage Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Dell Technologies, International Business Machines Corporation, NetApp Inc., Hewlett Packard Enterprise Development LP

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2403

The Business Research Company offers in-depth market insights through Healthcare Data Storage Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The healthcare data storage market size has grown rapidly in recent years. It will grow from $5.51 billion in 2023 to $6.34 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to increasing healthcare data volume, regulatory compliance, data backups and disaster recovery, increased research and clinical trials, interoperability and health information exchange (hie).

The healthcare data storage market size is expected to see rapid growth in the next few years. It will grow to $12.03 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to big data and analytics, genomics and precision medicine, artificial intelligence (ai) and machine learning, cybersecurity and data protection, increasing 5g connectivity. Major trends in the forecast period include electronic health records (ehr) expansion, cloud-based healthcare storage, data security and compliance, healthcare iot data, edge computing for healthcare data.

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Market Segmentation:
The main types of healthcare data storage are magnetic storage, flash storage, and solid-state storage. In magnetic storage, data is stored in the form of tiny magnetised dots. Magnetic fields created by very small electromagnets are used to create, read, and erase these dots. The various data architectures involved are block storage, file storage, and object storage that are deployed in on-premise solutions, remote solutions, and hybrid solution modes. The storage services are used by pharmaceutical companies, hospitals, and other end users.

Major Driver - Explosive Growth In Healthcare Data Driving The Healthcare Data Storage Market Forward
An increase in the volume of digital data storage in healthcare organisations is expected to drive the growth of the healthcare data storage market going forward. Advances in big data analytics tools and medical imaging, as well as the increasing availability of real-time data to aid clinical decision-making, have all contributed to this rapid increase in healthcare data volume. The collection and storage of healthcare data from a variety of sources encourage efficient communication between doctors and patients, improves overall patient care quality, and provides deeper insights into specific conditions. For instance, according to RBC Capital Markets, a Canada-based investment bank, the healthcare industry generated about 30% of the world's total data volume. In addition, data for healthcare is expected to grow at a compound annual growth rate of 36% by 2025. Thus, the increasing volume of digital data storage in healthcare organisations will support the growth of the market.

Competitive Landscape:
Major companies operating in the healthcare data storage market include Dell Technologies, International Business Machines Corporation, NetApp Inc., Hewlett Packard Enterprise Development LP, Pure Storage Inc., Hitachi Ltd., Western Digital Corporation, Huawei Technologies Co. Ltd., Toshiba Corporation, Scality, Fujitsu Limited, Drobo, Cloudian Inc., Samsung, Tintri Inc., Cisco Systems, Nutanix Inc., Commvault Systems, Cohesity, Rubrik, Datrium DRaaS, Veeam Software, Zadara, Caringo, Infinidat, Reduxio Systems, Silk Platform, Nexenta Systems, DataCore Software, Qumulo, SwiftStack, Nvidia Corporation, StorPool, Panzura

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Top Trend - Healthcare Data Storage Market Trends Collaborative Innovations In Data Management
Strategic collaborations between healthcare and IT companies have emerged as a key trend gaining popularity in the healthcare data storage market. Major companies operating in the healthcare sector are focusing on collaborating with IT companies to strengthen the data storage operations of the healthcare sector. For instance, in August 2021, Baxter International Inc., a US-based healthcare company, announced a collaboration with Amazon Web Services to support new digital health and data management projects. Baxter will use Amazon Web Services' cloud-based data storage and analytics tools to develop new digital health tools, gain more performance insights for internal and external purposes, and enhance its overall online experience. In addition, in August 2021, GE Healthcare, a US-based digital health provider, announced a strategic partnership with Amazon Web Services (AWS) to provide hospitals and healthcare providers with AI and integrated data, operational insights, and clinical, cloud-based imaging solutions. GE Healthcare intends to make its AI-based imaging applications and Edison Health Services platform available on AWS, positioning the company to lead the way in assisting healthcare providers around the world in transitioning from a centralised, hospital-based care delivery model to a more decentralised, virtual, and distributed model.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Healthcare Data Storage Market Characteristics
3. Healthcare Data Storage Market Trends And Strategies
4. Healthcare Data Storage Market - Macro Economic Scenario
5. Healthcare Data Storage Market Size And Growth
…..
27. Healthcare Data Storage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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