Global Healthcare Archiving and eDiscovery Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 10.22% from 2020 to 2027, reaching nearly US$ XX Bn.
Global Healthcare Archiving and eDiscovery Market
Global Healthcare Archiving and eDiscovery Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Healthcare Archiving and eDiscovery market has emerged due to the need for data storage regarding medical history like bills of patients, their radiological reports, and the management of this data. Archiving of medical data is very crucial but maintaining such huge data on paper is a massive task. The Information Management Systems contribute to manage this large data that can be easily retrieved for future usage.
The healthcare sector is the most effective and strictly regulated market in all the countries and is managed by the concerned authorities. A large amount of data is to be maintained and managed to comply with various rules and regulations. There is the need for advanced development in the Healthcare Archiving and eDiscovery market to generate such efficient information management systems by lowering the costs as well. With the outbreak of a pandemic, the data has increased manifolds, and the requirement of archiving this data is vital which significantly leads to the growth in the Healthcare Archiving and eDiscovery market globally.
By Type, the Archiving segment accounts for the maximum of the Healthcare Archiving and eDiscovery market. This is due to the increasing medical cases and a requirement to maintain these medical data. This share is expected to grow further due to the pandemic and increase in the global database. By Deployment, the cloud system segment is anticipated to increase owing to the factors that it securely maintains the documents and data cost-effectively. This makes it more efficient than the on-premise system of deployment.
North America contributes as the largest market in the Healthcare Archiving and eDiscovery market with expected growth at a CAGR of 9.2% by the end of the forecast period. The factors responsible are the growing population in North America and the presence of key companies in this region. Europe is the next to contribute to the growth of this market. The increased expenditure on R&D in the healthcare sector is the main reason. It has its own European eHealth Records (EHR).
The market for Healthcare Archiving and eDiscovery is rising in the North American States of the US and Canada. This attributes to the fact that the governments in these countries have made it mandatory to maintain the records of the healthcare sector. Laboratory information system, picture archiving system, and radiology information system are widely used and data related to this is recorded.
The report includes the profiles of leading companies operating in the global Healthcare Archiving and eDiscovery market. In June 2019, Zix Corporation launched a cloud-based solution, ZixArchive, for automated archival of emails and other such data resources.
The objective of the report is to present a comprehensive analysis of the Global Healthcare Archiving and eDiscovery Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Healthcare Archiving and eDiscovery Market dynamics, structure by analyzing the market segments and projects the Global Healthcare Archiving and eDiscovery Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Healthcare Archiving and eDiscovery Market make the report investor’s guide.
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Scope of the Global Healthcare Archiving and eDiscovery Market
Global Healthcare Archiving and eDiscovery Market, by Type
Global Healthcare Archiving and eDiscovery Market, by Deployment
• On-premise System
• Cloud System
Global Healthcare Archiving and eDiscovery Market, by Application
• Electronic Health Records
• Revenue Cycle Management
• Laboratory Information System
• Picture Archiving System
• Radiology Information System
• Practice Management System
• Other Systems
Global Healthcare Archiving and eDiscovery Market, by Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Key players operating in Global Healthcare Archiving and eDiscovery Market
• Actiance Incorporation
• Barracuda Networks Incorporation
• INFINITT Healthcare Co., Ltd.
• Mach7 Technologies
• Medsynaptic Pvt. Ltd.
• Amrita Technologies
• Bloomberg L.P.
• Google Inc.
• IBM Corp.
• Microsoft Corp.
• Commvault Systems Inc., Inc.
• GE Healthcare
• Global Relay Communications Inc.
• Zix Corp
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