Healthcare Archiving Ediscovery Market by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71869
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The healthcare archiving ediscovery market share is expected to increase by USD 1.95 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.19%.

This healthcare archiving ediscovery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers healthcare archiving ediscovery market segmentation by deployment (on-premise and cloud-based) and geography (North America, Europe, Asia, and ROW). The healthcare archiving ediscovery market report also offers information on several market vendors, including Allscripts Healthcare Solutions Inc., Alphabet Inc., Barracuda Networks Inc., Bloomberg LP, Commvault Systems Inc., General Electric Co., Global Relay Communications Inc., International Business Machines Corp., Microsoft Corp., and Smarsh Inc. among others.

What will the Healthcare Archiving Ediscovery Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Healthcare Archiving Ediscovery Market Size for the Forecast Period and Other Important Statistics

 

Healthcare Archiving Ediscovery Market: Key Drivers and Trends

The rising volume of electronic data is notably driving the healthcare archiving ediscovery market growth, although factors such as rising data security and privacy concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare archiving ediscovery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare Archiving Ediscovery Market Driver

One of the key factors driving growth in the healthcare archiving ediscovery market is the rising volume of electronic data. Enterprises generate data from various sources such as enterprise applications, social networks, web-based searches, and cloud-based applications. With huge volumes of data at hand, organizations are looking to make the best use of raw data and convert it into useful information that would help in their decision-making process. They are focusing on installing data management and data discovery solutions, such as ediscovery solutions, as a part of data analytics. Cloud-based solutions help in easy big data management and analytics in a cost-effective manner. Against the background of the rapidly evolving dynamics or changing aspects of business, it has become essential for organizations worldwide to innovate continuously and keep revising their existing business models and enterprise infrastructure. With improved content as well as process management abilities, the adoption of healthcare archiving solutions is rising significantly. Such factors will drive the growth of the global healthcare archiving eDiscovery market.

Key Healthcare Archiving Ediscovery Market Challenge

The rising data security and privacy concerns will be a major challenge for the healthcare archiving ediscovery market during the forecast period. The increase in the number of cyberattacks in the healthcare industry has raised considerable concerns over privacy and data protection among players in the industry, including hospitals, clinics, and insurance companies. With the integration of data-generating devices into healthcare systems and the growing availability of data from health insurance companies and hospitals in a centralized place, healthcare organizational information and patient data have become vulnerable to cyberattacks. The current trend toward the digitalization of healthcare workflows and the maintenance of electronic patient records has seen a paradigm shift in the healthcare industry. Hence, the concerns over data security are expected to hinder the growth of the global healthcare archiving eDiscovery market.

This healthcare archiving ediscovery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Healthcare Archiving Ediscovery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allscripts Healthcare Solutions Inc.
  • Alphabet Inc.
  • Barracuda Networks Inc.
  • Bloomberg LP
  • Commvault Systems Inc.
  • General Electric Co.
  • Global Relay Communications Inc.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Smarsh Inc.

 

This statistical study of the healthcare archiving ediscovery market encompasses successful business strategies deployed by the key vendors. The healthcare archiving ediscovery market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare archiving ediscovery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Archiving Ediscovery Market?

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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for healthcare archiving discovery in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions.

 The significant presence of a large number of healthcare archiving ediscovery software vendors and the increasing adoption of healthcare archiving ediscovery will facilitate the healthcare archiving ediscovery market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Deployment Segments in the Healthcare Archiving Ediscovery Market?

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The healthcare archiving ediscovery market share growth by the on-premise segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare archiving ediscovery market size and actionable market insights on post COVID-19 impact on each segment.

 

Healthcare Archiving Ediscovery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.19%

Market growth 2022-2026

$ 1.95 billion

Market structure

Fragmented

YoY growth (%)

9.58

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allscripts Healthcare Solutions Inc., Alphabet Inc., Barracuda Networks Inc., Bloomberg LP, Commvault Systems Inc., General Electric Co., Global Relay Communications Inc., International Business Machines Corp., Microsoft Corp., and Smarsh Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Healthcare Archiving Ediscovery Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive healthcare archiving ediscovery market growth during the next five years
  • Precise estimation of the healthcare archiving ediscovery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare archiving ediscovery industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare archiving ediscovery market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • On-premise - Market size and forecast 2021-2026
    • Cloud-based - Market size and forecast 2021-2026
    • Market opportunity by Deployment

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • Asia - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Allscripts Healthcare Solutions Inc.
      • Alphabet Inc.
      • Barracuda Networks Inc.
      • Bloomberg LP
      • Commvault Systems Inc.
      • General Electric Co.
      • Global Relay Communications Inc.
      • International Business Machines Corp.
      • Microsoft Corp.
      • Smarsh Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The healthcare archiving ediscovery market growth will increase by $1950.37 million during 2021-2026.
      The healthcare archiving ediscovery market is expected to grow at a CAGR of 10.19% during 2021-2026.
      Technavio has segmented the healthcare archiving ediscovery market by deployment (On-premise and Cloud-based) and geographic (North America, Europe, Asia, and ROW).
      Allscripts Healthcare Solutions Inc., Alphabet Inc., Barracuda Networks Inc., Bloomberg LP, Commvault Systems Inc., General Electric Co., Global Relay Communications Inc., International Business Machines Corp., Microsoft Corp., Smarsh Inc. are a few of the key vendors in the healthcare archiving ediscovery market.
      North America will register the highest growth rate of 41.85% among the other regions. Therefore, the healthcare archiving ediscovery market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the healthcare archiving ediscovery market growth are:
      • Rising volume of electronic data
      The healthcare archiving ediscovery market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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