Global Healthcare Archiving and eDiscovery Market Size, Share, Forecast Report, 2020-2027

Healthcare is a highly litigious and regulated industry. Many organizations are unprepared with the right systems to cost effectively address these requirements. In the healthcare industry, organizations have to comply with numerous regulations and rules. They therefore need an intelligent information governance solution with a purpose-built eDiscovery platform. Structured data can be referred as alphabets, numbers and can be easily processed and stored whereas unstructured data can be referred as email, images, audio and video files. In healthcare structured data refers to patient’s unique identification number and patients billing information. While instructed data refers to radiological images which required same format of image i.e. jpeg. for exchange of images between healthcare providers. Large amount of data is to be managed by the healthcare providers to follow all the rules and regulations. Data classification is important in order to immediately access it whenever required. Globally Healthcare Archiving and eDiscovery market are been driven by need of data storage regarding patients billing, radiological images, and medical history and management of healthcare data.

The global market of Healthcare Archiving and eDiscovery market is blooming due to increase in awareness of using Information Management System and importance of medical data archiving system among healthcare providers.

The global Healthcare Archiving and eDiscovery market of is expected to reach US$ 8.4 billion in 2023 from US$ 4.25 billion in 2016 with a CAGR of approximately 9.5% during the forecast period from 2017-2023.
Key Players for Healthcare Archiving and eDiscovery Market:

Some of the key players in this market are: Actiance Incorporation, Barracuda Networks Incorporation, Bloomberg L.P., Commvault Systems Inc., Global Relay Communications Inc., Google Incorporation, International Business Machine (IBM) Corporation and Microsoft Corporation, Allscripts and Siemens.

Segments:

Global Healthcare Archiving and eDiscovery Market is segmented by types including Archiving and eDiscovery, by deployment including On-premise system and Cloud system, by application including Revenue cycle management, Electronic health record, Practice Management System, laboratory Information System, Radiology Information System, Picture Archiving System and other systems and by regions consisting of North America, Europe, Asia-Pacific and Middle East and Africa.