LeapZipBlog: Steve Blade's blog: Lifesciences Enterprise Storage Market to Reflect Impressive Growth Rate by 2017 to 2026

Lifesciences Enterprise Storage Market to Reflect Impressive Growth Rate by 2017 to 2026

August 7, 2019 by Steve Blade  

 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.

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.

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.

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Table of Content

1. Global Economic Outlook

2. Global Lifesciences Enterprise Storage Market - Executive Summary
2.1. Global Lifesciences Enterprise Storage Market Opportunity Analysis
2.2. Global Lifesciences Enterprise Storage Market Megatrends

3. Global Lifesciences Enterprise Storage Market Overview
3.1. Introduction
       3.1.1. Global Lifesciences Enterprise Storage Market Taxonomy
       3.1.2. Global Lifesciences Enterprise Storage Market Definition
3.2. Global Lifesciences Enterprise Storage Market Size (US$ Mn) and Forecast, 2012-2026
       3.2.1. Global Lifesciences Enterprise Storage Market Y-o-Y Growth
3.3. Global Lifesciences Enterprise Storage Market Dynamics
3.4. Healthcare IT Spending Outlook
3.5. Measuring Impact of Cloud - Convergence in Lifesciences
3.6. Data Storage in Long Term and New Models
3.7. Relative Performance of Primary and Secondary Storage
3.8. Porter’s Five Forces Analysis
3.9. PESTLE Analysis
3.10. Product Lifecycle
3.11. Key Players Competition Analysis
3.12. Investment Feasibility Matrix
3.13. Key Participants Market Presence (Intensity Map) By Region

4. Global Lifesciences Enterprise Storage Market Analysis and Forecast 2012-2026 
4.1. Global Lifesciences Enterprise Storage Market Size and Forecast By Customer Segment, 2012-2026
       4.1.1. Academia Market Size and Forecast, 2012-2026
                4.1.1.1. Revenue (US$ Mn) Comparison, By Region
                4.1.1.2. Market Share Comparison, By Region
                4.1.1.3. Y-o-Y growth Comparison, By Region
       4.1.2. Biotech Market Size and Forecast, 2012-2026
                4.1.2.1. Revenue (US$ Mn) Comparison, By Region
                4.1.2.2. Market Share Comparison, By Region
                4.1.2.3. Y-o-Y growth Comparison, By Region

To be Continue....

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.

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, and 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.

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