Healthcare Data Storage Market Analysis to 2027

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Dublin, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The report has been added to offering. The Global Healthcare Data Storage Market accounted for $2.4 billion in 2018 and is expected to reach $9.3 billion by 2027 growing at a CAGR of 16.2% during the forecast period.While the factors like, fast and simple deployment of cloud storage solutions, expanding the volume of digital data generated in healthcare organizations, and increasing adoption of hybrid data storage solutions fuel the growth of the market. However, growing security concerns related to cloud-based image processing and analytics is restraining the market growth.Based on deployment, the on-premise segment is estimated to have a lucrative growth during the forecast period. On-premise solutions are the most-generally adopted storage solutions in the market. This deployment model can utilize multi-seller architecture and limit dangers related to data breach and external attacks. Likewise, users own on-premise storage and have control over their deployment, backup, and data recovery systems. These favourable circumstances are driving the growth of on-premise solutions market.By geography, North America is likely to have a huge demand due to growing volume of unstructured healthcare data across and fast technological progressions have prompted an expanded interest for secure, reliable, and cost-efficient storage infrastructure.Some of the key players in Global Healthcare Data Storage market include Dell, Western Digital, IBM Corporation, NetApp, Hewlett Packard Enterprise (HPE), Huawei Technologies Co., Ltd., Pure Storage, Scality, Hitachi, Samsung, Toshiba Corporation, Fujitsu, Tintri, Drobo, and Cloudian.

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Globe Newswire: 08:48 GMT Tuesday 14th January 2020

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