Healthcare Cloud Computing Market Size And Forecast

Healthcare Cloud Computing Market size was valued at USD 10.32 Billion in 2021 and is projected to reach USD 38.34 Billion by 2030, growing at a CAGR of 14.8% from 2023 to 2030.

In the healthcare sector changes in the supply and demand market result in rising consumer adoption of cloud computing and the use of IT driving the Global Healthcare Cloud Computing Market during the forecast period. The Global Healthcare Cloud Computing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Healthcare Cloud Computing Market Definition

Healthcare cloud computing refers to the application of cloud computing services and infrastructure to store, maintain, and retrieve personal health information. Cloud computing has benefited the healthcare sector by offering a platform for on-demand hosted service, on-demand computing, large storage, and many others. It has improved the accessibility of information and records for administrations, nurses, and physicians.

Global Healthcare Cloud Computing Market Overview

The growing trend for digitalization in the healthcare sector has significantly benefited the market. Cloud resources have enabled the healthcare sector to achieve more in shorter time frames and at a lower cost than other resources. Moreover, researchers have gained a huge profit using cloud computing technology, therefore raising its demand in the healthcare industry. However, privacy concerns and data security are the major factors that will hinder the growth of the market during the forecast period.

The demand for healthcare cloud computing is increasing owing to an aging population, and the increasing prevalence of chronic diseases and comorbidities. The economic benefits of cloud computing include cost flexibility and which helps to reduce costs and avoids heavy capital expenditure. Furthermore, increasing government initiatives in healthcare services, technological advances in the healthcare industry, and a growing population boost the growth of the market during the forecast period. However, the biggest restraint of cloud computing in the healthcare sector is data loss. It is potentially surrounded by data breach risks which can raise privacy concerns among patients.

Global Healthcare Cloud Computing Market: Segmentation Analysis

The Global Healthcare Cloud Computing Market is Segmented on the basis of Deployment Type, Service Model, And Geography.

Healthcare Cloud Computing Market, By Deployment Type

• Private Cloud
• Public Cloud
• Hybrid

Based on Deployment Type, the market is segmented into Private Cloud, Public Cloud, and Hybrid. The private Cloud segment will show positive growth in the global market owing to the rising adoption of data analytics and IoT in the healthcare sectors.

Healthcare Cloud Computing Market, By Service Model

• Infrastructure-As-A-Service
• Platform-As-A-Service
• Software-As-A-Service

Based on Service Model, the market is segmented into Infrastructure-As-A-Service, Platform-As-A-Service, and Software-As-A-Service. The software-As-A-Service segment will show significant market share in the global market owing to technological advancement in the Software-As-A-Service.

Healthcare Cloud Computing Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, The Global Healthcare Cloud Computing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region will be the fastest-growing region in the global market owing to the advantages offered by cloud computing in healthcare include, including flexibility, low maintenance cost, accessibility, and mobility.

Key Players

The “Global Healthcare Cloud Computing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Eclinicalworks, Sectra AB, Carestream Health, Inc., Carecloud Corporation, Allscripts Healthcare Solutions, Inc., Nextgen Healthcare, Inc., Siemens Healthineers AG, Athenahealth, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Key players are adopting new growth strategies such as new product launches, and product innovation in order to gain market share in the Healthcare Cloud Computing Market. For instance, in 2020, Allscripts and Microsoft extended their partnership for five years in the healthcare sector. This extension will help to expand its business in terms of the development and delivery of cloud-based health IT solutions.
• In 2019, IBM acquired Red Hat to expand its business in the hybrid cloud. The acquisition will help IBM to deliver the next-generation hybrid multi-cloud platform in the market.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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