Sales on a Steep Decline amid COVID-19 Pandemic; Trade Restrictions Put a Major Dent on Industry Lifesciences Enterprise Storage Finds a New Fact.MR Study

Posted on 2021-02-18 by Future Market Insights, Inc in Healthcare // 0 Comments

CITY, Country, 2021-Feb-18 — /EPR Network/ —

ncreasing difficulties arising in management and loading of clinical data from lifescience enterprises has propelled the need for adopting effective storage solutions. Leading players in the healthcare-IT industry are introducing effective lifesciences enterprise storage solutions to capture these concerns. Moreover, several lifesciences organizations are adopting cloud-based storage models to share data securely and effectively across multiple landscapes in the healthcare industry. However, growing concerns over the safety of these lifesciences enterprise storage solutions is observed as a key deterrent of their adoption.

According to Fact.MR’s recent forecast study, the global lifesciences enterprise storage market will expand at a moderate pace of 4.2% CAGR in terms of value over the forecast period, 2017-2026. It has been estimated that by the end of 2026, the global lifesciences enterprise storage market will be worth over US$ 2.6 Bn.

For more insights into the Market, Request a Sample of this Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=484

Key Forecast Highlights from the Report

Pharmaceutical companies will be observed as key customer segments in the global lifesciences enterprise storage market. By the end of 2026, more than US$ 1.2 Bn worth of lifesciences enterprise storage solutions will be adopted by the pharmaceutical consumer segment. Governments and biotech companies are also being viewed as key customer segments for lifesciences enterprise storage.
In 2017, the adoption of storage attached network in the global lifesciences enterprise storage market is expected to bring in more than US$ 830 Mn in revenues. The report also reveals that server attached storages will register fastest value growth at a steady CAGR of 5.4% during the forecast period.
On-premise deployment of lifesciences enterprise storages will register highest share on global market value throughout the forecast period. However, on-cloud deployment of lifesciences enterprise storage will gain traction through 2026. By the end of the forecast period, more than US$ 1 Bn worth of lifesciences enterprise storages will be deployed with on-cloud model.

Need more information about Report Methodology? Ask here:

https://www.factmr.com/connectus/sample?flag=RM&rep_id=484

In 2017, North America’s lifesciences enterprise storage market was estimated to be worth over US$ 900 Mn. Robust infrastructure in the lifesciences sector across the US and Canada will continue to drive the growth of North America’s lifesciences enterprise storage market throughout the forecast period. By the end of 2026, North America will represent the largest market for lifesciences enterprise storage, accounting for an estimated global market value share of 46.5%.
Europe and the Asia-Pacific excluding Japan (APEJ) region is also expected to account for high revenue growth in the global lifesciences enterprise storage market. While Europe will account for more than 12% of the global market value growth throughout the forecast period, the APEJ lifesciences enterprise storage market is estimated to expand at the fastest value CAGR of 6.1% during the forecast period.

Looking for Regional & Segment Analysis? Check here: (Ask Analyst)

https://www.factmr.com/connectus/sample?flag=AE&rep_id=484

The report has profiled key stakeholders in the global lifesciences enterprise storage market, which include HPE, NetApp, Dell Inc., IBM, ODM Direct and Hitachi. Majority of the players in the global lifesciences enterprise storage market are expected to introduce innovative storage solutions based on the data management needs of lifescience enterprises. Since the lifesciences enterprise storage landscape is currently at a nascent stage, the competition will remain consolidated through 2026, with aggressive presence of only handful of players.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Matched content

Editor’s pick