The global Healthcare Cloud Computing Market was valued at US$ 23.7 billion in 2019 and is projected to expand significantly with a CAGR of 14.54% from 2021-2027
A comprehensive overview of the healthcare cloud computing market is recently added by UnivDatos Market Insights to its humongous database. The healthcare cloud computing market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the healthcare cloud computing market. The healthcare cloud computing market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the healthcare cloud computing market at the global and regional levels.
Market Overview
Surging digitalization coupled with the advancement in
technologies in the healthcare sector is resulting out in a huge amount of data released from the patient’s
medical records equipment’s etc. The released data is in unstructured, semi-structured form. To access the data and records and the ease
of operations the healthcare cloud solutions
are being adopted across the globe. Moreover, the benefits of the healthcare cloud are not only the data stored in the cloud platform. But it is being used for workflow
optimization, gain efficiencies, lowering costs, and to offer personalized services to the patients. In a survey, it was found that around 83% of the healthcare service providers are using the cloud for their core operation.
Furthermore, the governments in several countries have mandated the adoption of electronic health records (EHR) and the end-users are more inclined towards e-prescribing systems, telehealth, mobile
health technologies for ease. Due to which the
market for the healthcare cloud is on the rise. Moreover, in a survey, it was found that around 55.7% of healthcare service providers adopt cloud solutions due to the benefits of lower cost as compared to the
current IT maintenance.
COVID-19 Impact
The COVID-19
pandemic has reinforced the adoption of cloud technology in the
healthcare sector. The surging
preference for virtual visits in the healthcare sector has busted out in the
adoption of cloud computing. It is forecasted that the revenue of the healthcare cloud solution providers would get doubles on account of surging virtual visits at a frenetic pace. Moreover, it is expected
that the revenue would get double again in 2021. Also, a rise has been witnessed in the adoption of AI, ML, and big data for healthcare service providers for the ease
of operational efficiency. Thus, the demand is witnessing an uptick across the globe.
The Healthcare Cloud Computing Market report is studied
thoroughly with several aspects that would help stakeholders in making their
decisions more curated.
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By Services, the market is
primarily bifurcated into
Software-as-a-Service (SaaS)
Infrastructure-as-a-Service (IaaS)
Platform-as-a-Service
(PaaS)
Amongst services, the software as a service segment grabbed the major market share, and it will grow at a CAGR of 13.6% to reach US$ 46.2 billion by the year 2027.
By Deployment, the market is primarily segmented into
Private
Public
Hybrid
Amongst deployment type, private cloud segment accounted for the largest share and are expected to grow at 14.6% CAGR during the forecast period 2021-2027. In 2019, the private cloud segment accounted for a revenue share of almost 38.7%.
By Application, the market is primarily segmented into
Clinical Information
Systems
Non-clinical
Information Systems
In 2019, the non-clinic information system segment dominated
the global healthcare cloud computing market with nearly 54.2% of the market share and it is anticipated by 2027, the
segment will garner US$ 42.4 billion of the market.
By End-User, the market is
primarily fragmented into
Healthcare Providers
Healthcare Payers
Amongst
end-users, healthcare providers accounted for the largest share and it is expected to grow at 14.9% CAGR during the forecast period 2021-2027. In 2019, the healthcare
providers segment accounted for a revenue share of 68.4%.
Healthcare Cloud Computing Market Geographical
Segmentation Includes:
North America
Europe
Asia-Pacific
Rest of the World
Based on the
estimation, the North America region dominated the healthcare cloud computing market with almost US$ 13.6 billion revenue in 2019. At the same time,
the Asia-Pacific region is expected to grow remarkably with a CAGR of 17.3% over the forecast period owing to surging investment in cloud platform coupled with the presence of numerous solution provider in countries such as China, Jana, etc.
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The major players targeting the
market includes
Allscripts Healthcare
Solutions
Amazon Web Services
Cisco Systems
Fujifilm Holdings
GE Healthcare
IBM Corporation
Koninklijke Philips N.V.
Microsoft Corporation
Siemens Healthineers
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing
several leading key players operating worldwide. The specialist team of research analysts sheds
light on various traits such as global market competition, market share, most
recent industry advancements, innovative product launches, partnerships,
mergers, or acquisitions by leading companies in the healthcare cloud computing market. The
leading players have been analyzed by using research methodologies for getting
insight views on global competition.
Key questions resolved through this analytical market research report
include:
What are the latest trends, new patterns, and technological advancements
in the healthcare cloud computing market?
Which factors are influencing the healthcare cloud computing market over the
forecast period?
What are the global challenges, threats, and risks in the healthcare cloud computing market?
Which factors are propelling and restraining the healthcare cloud computing market?
What is the demand in global regions of the healthcare cloud computing market?
What will be the global market size in the upcoming years?
What are the crucial market acquisition strategies and policies applied
by global companies?
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