Data analysis, storage & management market Highlights
According to MRFR analysis, the Global Data Analysis, Storage & Management Market in Life Sciences is expected to register a 17.2% CAGR during the study period, 2020 to 2027, and accounted for USD 32,543.32 Million in 2019.
Data analysis, storage, and management help gain operational benefits to the organization by enhancing electronic data storage efficiency. It is also used to track and monitor the storing performance efficiency that enables proactive management.
The growth of the global data analysis, storage & management market in life sciences is determined by numerous factors such as the increasing government initiatives to increase the adoption of different data-based solutions and the growing demand for data storage and management solutions.
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However, the high cost of implementation and regulatory hurdles is likely to hamper the growth of the global data analysis, storage & management market in life sciences during the forecast period.
Data analysis, storage & management market Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas has been segmented into North America and Latin America, with the North American market being further divided into the US and Canada. The Americas is projected to hold the largest market share owing to the increasing number of patients affected with chronic disorders, increasing big data analysis, and the growing presence of major market players.
The European data analysis, storage & management market in life sciences has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The data analysis, storage & management market in life sciences in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population and the strategic developments by major players boosts the demand for data analysis, storage & management market in life sciences in this region. The data analysis, storage & management market in life sciences in the Middle East & Africa has been divided into the Middle East and Africa.
Data analysis, storage & management market Segmentation
The global data analysis, storage & management market in life sciences has been segmented based on product & service, application, and end-user.
The global data analysis, storage & management market in life sciences, based on product & service, has been divided into data analysis software and workbenches, data analysis services, and storage, management and cloud computing solutions. The global data analysis, storage & management market in life sciences, based on application, is segmented into next-generation sequencing, microscopy, chromatography, flow cytometry, spectroscopy, and others
Based on end-user, the global data analysis, storage & management market in life sciences is classified into research centers, pharmaceutical and biotechnology companies, academic & government institutions, and hospitals and clinics.
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Data analysis, storage & management market Key Players
Some of the key players in the global data analysis, storage & management market in life sciences are Dell Technologies Inc (US), Advanced Micro Devices (US), Cray, Inc (US), Cisco Systems (US), IBM Corporation (US), Intel Corporation (US), and Lenovo Group Ltd. (China), among others.
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