Healthcare Cloud Computing Market
The volume of digital data in healthcare centres has multiplied over the years owing to changes in payment modes, increasing patient pool, etc. Advances in technology and increasing healthcare expenditure have further catalysed the growth of the market.
The healthcare cloud computing market is expected to rise at a CAGR of 13.6%, with a value of USD 64.1 billion during the estimated the forecasting year of 2020-2030.
The need for the deployment of cloud computing and cutting-edge analytical tools has intensified, enhancing operational efficiency. These factors subsequently escalate the market on the global platform.
The market value has increased tremendously in recent years and is expected to continue with the same growth trends in the future. The rising adoption of Internet of Things (IoT) has accelerated the integration of cloud computing in the healthcare sector. Additionally, factors such as growing demand for technologically upgraded services, an increase in the numbers of professional and managed services, alongside, the increasing awareness about cost-effective cloud-based healthcare services drive the market growth, predominantly.
On the other hand, data security, coupled with the possible challenges presented during the migration to cloud-computing like incompatibility with legacy systems, etc., are expected to impede the growth of the market during the anticipated period. Nevertheless, widespread adoptions of cloud computing and wireless technology in healthcare sectors would support the growth of the market throughout the review period.
Major Key Players:
Some Of the Healthcare Cloud Computing Market Player are CareCloud Corporation, International Business Machines (IBM) Corporation, Agfa-Gevaert N.V., Carestream Corporation, Merge Healthcare Inc., Cerner Corporation, Oracle Corporation, Microsoft Corporation, ClearData Networks Inc., Nuance Communications, Sectra AB, GE Healthcare, NextGen Healthcare, Athenahealth Inc., Dell Inc., and Siemens Healthineers, among others.
Segment Analysis
The cloud computing in healthcare report is segmented into five market dynamics to widen the scope of understanding,
By Applications: Non-clinical information system (NCIS) and Clinical information system (CIS).
By Deployment: Private cloud, Public cloud, and Hybrid cloud
By End-user : Healthcare Providers and Healthcare Players.
By Service: Infrastructure-as-a-service (IaaS), Software-as-a-service (SaaS), and Platform-as-a-service (PaaS).
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis
North America leads the global healthcare cloud computing market with the largest market share. Factors such as the presence of large numbers of players, well-established healthcare sector, and substantially large IT market, substantiate the regional market growth. Also, well-developed infrastructure in the region provides impetus to the market growth, allowing the developments and early access to advanced technologies.
Europe healthcare cloud computing market is another significant market globally. The market is expected to grow over further by 2023, accounting for a substantial monetarily growth. The high concentration of market players and the presence of a significant healthcare sector are the factors fostering the regional market growth. Many European countries are witnessing economy boom, which is allowing the adoption of advanced technology in the well-established healthcare sector in the region.
The healthcare cloud computing market in the Asia Pacific region is rapidly emerging as a profitable market globally. The market is further estimated to grow at a considerable CAGR during 2018-2023. The presence of rapidly developing countries such as India China and the proliferating healthcare sector influence the regional market growth.
Besides, highly populated countries such as India and China, that have a massive patient base create the need to have efficient healthcare services and therefore, encourage the adoption of advanced healthcare cloud computing solutions.
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