Lifesciences Enterprise Storage Market: Pharmaceutical Companies to Represent Key Customer Segment

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.

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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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.

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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