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

Global Healthcare eDiscovery Market is expected to grow at a CAGR of approximately 11.5%.

Many organizations in healthcare do not have the right information systems to address data storage and retrieval requirements cost-effectively. In the healthcare industry, organizations have to comply with numerous rules and regulations. Therefore, there is a need for an information governance solution with a purpose-built eDiscovery platform, for the management of healthcare data. Healthcare data is of two types namely, structured and unstructured. Structured data can be referred to as alphabets, numbers and can be easily processed and stored whereas unstructured data can be referred as emails, images, audios, and video files which constitutes a scattered data. Therefore, there is a need for the reliable healthcare data management system to maintain the security of information of the patients.

The healthcare eDiscovery market is driven by increasing demand for an information system for the management of electronic health records, strict regulation of storage of clinical and patient data on a cloud-based platform, and increasing use of software for healthcare system for data management. Risks of managing healthcare data include the use of pirated software, data security issues and the threat of cyber-attacks, which retrains the growth of this market. The high cost of healthcare data management solutions and unawareness among the medical staff may restrain the market growth.
Healthcare eDiscovery Market Key Players:

Some of the key players in this market are Commvault (U.S.), Actiance, Inc. (U.S.), Barracuda Networks Inc. (U.S.), Global Relay Communications Inc. (U.S.), Google (U.S.), IBM (U.S.), Microsoft Corporation (U.S.), Allscripts (U.S.) and others.
Healthcare eDiscovery Industry Segments:

The global healthcare eDiscovery Market is segmented on the basis of deployment, application, and end-user.

On the basis of deployment, the market is segmented into the on-premise system and cloud system. On the basis of application, the market is segmented into application audit trail via metadata, communication, EHR-hosting, and other applications. On the basis of end-users, the market is segmented into healthcare IT companies, hospitals, clinics, pharmacy, and others.