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.
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.
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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.
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Leading players in the global lifesciences enterprise storage market have been profiled in the report. These include
- Dell Inc.
- 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.
Lifesciences Enterprise Storage Market, Scope Of The Report
Growing amount of data collected through lifescience projects has instrumented a need effective storage solutions.
New lifescience enterprises entering the healthcare landscape are being equipped with advanced storage facilities.
This Fact.MR report analyzes the expansion of global lifesciences enterprise storage market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.
The scope of Fact.MR’s report is to analyze the global lifesciences enterprise storage market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis.
Medical device manufacturers, research institutes, and raw material suppliers in the global lifesciences enterprise storage market can benefit from the analysis offered in this report.
This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to lifesciences enterprise storage.
The report commences with a brief information of the global lifesciences enterprise storage market.
This executive summary sets the tone for the rest of the report, providing users the scope of the report.
The executive summary includes important facts and statistics on the global lifesciences enterprise storage market.
The next section offers an overview of the global lifesciences enterprise storage market.
This comprises an introduction to the market, along with a standard definition of the product – lifesciences enterprise storage. In this section, market value and year-over-year growth is offered to the readers.
Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives.
Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global lifesciences enterprise storage market, the report provides updates about market opportunities, which can benefit leading manufacturers of lifesciences enterprise storage.
With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for lifesciences enterprise storage manufacturers to formulate key business strategies.
Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global lifesciences enterprise storage market.
Customer segment, storage type, delivery model and region are key segments that define the growth of the global market for lifesciences enterprise storage.
In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
The report’s last section comprises of the global lifesciences enterprise storage market competitive landscape, to provide readers with the dashboard view of company analysis and market players.
This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global lifesciences enterprise storage market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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