This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Lifesciences Enterprise Storage Market

Lifesciences Enterprise Storage Market

Lifesciences Enterprise Storage Market, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Lifesciences Enterprise Storage Market
FACT484MR
  • Feb-2018
  • List of Tables : 106
  • List of Figures : 84
  • 170 Pages
  • Technology

Introduction

Increasing challenges arising in management and generation of IT-based data in the lifesciences sector has driven the demand for effective storage solutions.

As data generation rate continues to outpace vigorously, effective lifesciences enterprise storage solutions are being adopted to manage and store the clinical data such as genomics, pharmaceutical development, and drug discovery.

However, high value nature of the data has lowered the adoption of lifesciences enterprise storages and leading genomics firms are becoming skeptical towards adopting storage models with potential vulnerabilities.

global lifesciences enterprise storage market

According to Fact.MR, the global market for lifesciences enterprise storage will grow steadily during the forecast period, 2017-2026.

It has been estimated that the global lifesciences enterprise storage market will expand at 4.2% CAGR in terms of value over the forecast period.

By the end of 2026, more than US$ 2.6 Bn worth of lifesciences enterprise storage solutions are expected to be adopted worldwide.

Pharmaceutical Companies to Represent Key Customer Segment

In 2017, nearly US$ 750 Mn worth of lifesciences enterprise storage solutions were adopted for storing data of pharmaceutical companies.

The report observes that growing interconnectedness between lifescience business and pharmaceuticals industry will propel the contribution of pharmaceuticals as key customer segment in the expansion of the global lifesciences enterprise storage market.

The report further reveals that biotech companies and governments will also be observed as lucrative customer segments for the global adoption of lifesciences enterprise storage solutions.

Adoption of Storage Attached Networks to Gain Traction

The report estimates that by the end of 2026, more than US$ 1.1 Bn worth of lifesciences enterprise storage solutions adopted across the globe will be developed with storage-attached-network model.

The demand for such storages is expected to gain traction owing to the growing integration of large data networks in lifescience entrepreneurial projects.

The report further reveals that server attached storages will register fastest revenue growth, reflecting a 5.4% CAGR in terms of value over the forecast period.

On-Cloud Deployment of Lifesciences Enterprise Storages to witness an Upsurge

Currently, majority of lifesciences enterprise storages are deployed with on-premise model.

Complex working of cloud-based lifesciences enterprise storage deployment will continue to factor the high revenue growth of on-premise deployment.

By the end of 2026, more than US$ 1.6 Bn worth of lifesciences enterprise storages will deployed with on-premise model across the globe.

The report further estimates that on-cloud deployment of lifesciences enterprise storages will register steady revenue growth at more than 5% CAGR in terms of value over the forecast period.

Avail customized purchase options for your needs

Competition Tracking

Leading players in the global lifesciences enterprise storage market have been profiled in the report. These include

  • HPE
  • Dell Inc.
  • NetApp
  • IBM
  • Hitachi
  • ODM Direct

 Majority of these companies are expected to actively instrument the growth of the global lifesciences enterprise storage market through 2026.

Several players in the global lifesciences enterprise storage market are also expected to introduce innovative storage solutions designed specifically by considering the nature of data procured during lifescience projects.

Market Taxonomy

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Customer Segment
  • Academia
  • Biotech
  • CRO
  • Diagnostics and Screening
  • Government
  • Pharmaceuticals
Storage Type
  • Storage Attached Network
  • Network Attached Storage
  • Server Attached Storage
Delivery Model
  • On Premise
  • On Cloud

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Smart street lighting systems Market

Smart street lighting systems Market expects strong growth by 2028. Low manpower cost for maintenanc...

Cash Management System Market

Cash Management System Market expects a strong CAGR growth by 2028. Rising demand from companies to ...

Multi-mode Chipset Market

Multi-mode Chipset Market to be worth around US$ 26.3 Billion by 2032, growing at a CAGR of 12.4%. B...

Digital Remittance Market

Demand for digital remittance to expand at a CAGR of 13.5% from 2022 to 2032, reaching US$ 64.43 Bn ...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.