Microservices in Healthcare Market by Component (Platform, Services (Consulting, Integration, Training, Support, Maintenance)), Delivery (Cloud, Hybrid, Private, On-premise), End User (Health care Provider, Payer, Life Science) - Global Forecast to 2023
The global microservices in healthcare market is projected to reach USD 343.3 million by 2023 from the estimated USD 103.1 million in 2017, at a CAGR of 21.3%. The benefits of microservice architecture, such as their ability to increase overall efficiency and project delivery speed, are the primary factor driving the market growth. However, concerns regarding security and regulatory compliance and the complexity of architecture are expected to hinder the growth of this market.
The Objectives of this study are as follows:
- To define, describe, and forecast the global microservices in healthcare market by deployment model, component, end user, and region
- To provide detailed information about the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, expansions, and research & development activities in the microservices in healthcare market
Research Methodology
The study estimates the microservices in healthcare market size for 2018 and projects its demand till 2023. In the primary research process, various sources from both demand and supply sides were interviewed to obtain qualitative and quantitative information for the report. Primary sources from the supply side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various players in the microservices in healthcare market.
For the market estimation process, both the top-down and bottom-up approaches were used to estimate and validate the market size of the microservices in healthcare market as well as to estimate the market size of various other dependent submarkets. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report. Some of the secondary sources used for this report include Electronic Health Record (EHR) Association, American Medical Informatics Association (AMIA), Healthcare Information and Management Systems Society (HIMSS), Medical Imaging and Technology Alliance (MITA), Association of Software Professionals, Healthcare Information Technology Standards Panel (HITSP), American Health Information Management Association (AHIMA), Centers for Medicare and Medicaid Services (CMS), Cloud Computing Association, Cloud Security Alliance, and Information Technology Association of Canada (ITAC).
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The microservices in healthcare market is marked by the presence of several big and small players. Prominent players offering microservices in healthcare products include AWS (US), CA Technologies (US), Microsoft (US), Salesforce (US), Pivotal Software, Inc. (US), Infosys (India), IBM (US), NGINX Inc. (US), Oracle (US), and Syntel (US).
Target Audience for this Report:
- Cloud microservice platform and solution vendors
- Cloud service providers
- Cloud microservice providers
- Application developers
- Container service providers
- System integrators
- Third-party vendors
- Government agencies and organizations
- Regulatory and compliance agencies
- Hospitals
- Venture capitalists
- Market research and consulting firms
Microservices in Healthcare Market Scope
This report categorizes the microservices in healthcare market into the following segments and subsegments:
By Component
- Platforms
-
Services
- Consulting Services
- Integration Services
- Services
By Delivery Model
- On-premise Models
-
Cloud-based Models
- Private Cloud
- Public Cloud
- Hybrid Cloud
By End user
- Healthcare Providers
- Healthcare Payers
- Lifesciences Industry
- Research Organizations
By Region
-
North America
- US
- Canada
- Europe
- APAC
- Rest of the World (RoW)
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs.
The following customization options are available for this report.
Company Information
Detailed analysis and profiling of additional market players (up to 5)
The benefits of microservice architecture, such as their ability to increase overall efficiency and project delivery speed, are the primary factor driving the market growth. However, concerns regarding security and regulatory compliance and the complexity of architecture are expected to hinder the growth of this market.
The report segments the microservices in healthcare market on the basis of deployment model, component, end user, and region.
Based on component, the microservices in healthcare market is segmented into platforms and services. The services segment is further segmented into consulting services, integration services, and training, support, and maintenance services. The platforms segment is expected to account for the larger share of the microservices in healthcare market in 2018. This dominance is attributed to the increasing need for cloud microservice architecture for scaling functions at a very granular level for efficient system optimization and organization. Cloud platform microservice architecture also brings a new level of scalability to enterprise applications.
Based on deployment model, the microservices in healthcare market is segmented into on-premise and cloud-based models. The cloud-based model segment is expected to account for the larger share of the microservices in healthcare market in 2018. Cloud-based microservices are sold on the basis of subscriptions ranging from one month to multiple years. They do not require any significant setup charges, owing to which, a growing number of healthcare organizations, payers, providers, and laboratories are opting for cloud-based solutions. Maintenance and support service charges are also included in subscription fees, which makes these delivery modes more affordable for customers. In addition, storage flexibility and ease of use are some of the other advantages associated with cloud-based healthcare microservices solutions.
On the basis of end user, the microservices in healthcare market is segmented into healthcare payers, healthcare providers, life science organizations, and clinical laboratories. The healthcare providers segment is expected to account for the largest share of the overall market in 2018. Government initiatives that help providers gain incentives on the adoption of EHRs and the implementation of integration and connectivity solutions are driving the adoption of microservices architecture solutions among healthcare providers.
Geographically, the microservices in healthcare market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to dominate the market in 2018. The large share of North America in the global microservices in healthcare market can be attributed to the growing focus on improving the overall efficiency of healthcare organizations and greater product and service availability in the region.
While the microservices in healthcare market represents significant growth opportunities, market growth may be hindered due to the concerns regarding security and regulatory compliance and the complexity of architecture.
The microservices in healthcare market is marked by the presence of several big and small players. Some of the prominent players in the market include AWS (US), CA Technologies (US), Microsoft (US), Salesforce (US), Pivotal Software, Inc. (US), Infosys (India), IBM (US), NGINX Inc. (US), Oracle (US), and Syntel (US).
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 26)
4.1 Microservices in Healthcare: Market Overview
4.2 Microservices in Healthcare Market, By Component, 2018 vs 2023 (USD Million)
4.3 Microservices in Healthcare Market, By Deployment Model, 2018 vs 2023 (USD Million)
4.4 Microservices in Healthcare Market for Cloud-Based Model, By Type
4.5 Geographic Analysis: Microservices in Healthcare Market, By End User (2018)
4.6 Geographical Snapshot of the Microservices in Healthcare Market
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Benefits of the Microservice Architecture
5.2.1.1.1 Ability to Need to Increase Project Delivery Speed
5.2.1.1.2 Ability to Support and Enhance Customer-Oriented Business
5.2.2 Restraints
5.2.2.1 Concerns Regarding Security and Regulatory Compliance
5.2.2.2 Complexity
5.2.3 Opportunities
5.2.3.1 Cloud-Based Applications
5.2.3.2 Emergence of IoT Applications
5.2.3.3 Microservice Architecture for Building Real-World Evidence Applications
5.2.4 Challenges
5.2.4.1 Organizational Challenges in Implementing Microservices
5.2.4.2 Reluctance to Shift From Traditional Monolithic Architecture to Complex Microservice Architecture
6 Microservices in Healthcare Market, By Component (Page No. - 36)
6.1 Introduction
6.2 Platforms
6.3 Services
6.3.1 Consulting Services
6.3.2 Integration Services
6.3.3 Training, Support, and Maintenance Services
7 Microservices in Healthcare Market, By Deployment Model (Page No. - 43)
7.1 Introduction
7.2 Cloud-Based Model
7.2.1 Cloud-Based Model, By Type
7.2.1.1 Public Cloud
7.2.1.2 Private Cloud
7.2.1.3 Hybrid Cloud
7.3 On-Premise Models
8 Microservices in Healthcare Market, By End User (Page No. - 52)
8.1 Introduction
8.2 Healthcare Providers
8.3 Healthcare Payers
8.4 Life Science Organizations
8.5 Clinical Laboratories
9 Microservices in Healthcare Market, By Region (Page No. - 59)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.4 Asia Pacific
9.5 Rest of the World
10 Competitive Landscape (Page No. - 82)
10.1 Overview
10.2 Competitive Scenario
10.2.1 Product/Service Launches and Enhancements
10.2.2 Partnerships, Agreements, and Collaborations
10.2.3 Acquisitions
10.2.4 Expansions
11 Company Profiles (Page No. - 87)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
11.1 Amazon Web Services, Inc.
11.2 CA Technologies
11.3 Microsoft
11.4 Salesforce.Com, Inc.
11.5 Pivotal Software, Inc.
11.6 Infosys
11.7 IBM
11.8 Nginx, Inc.
11.9 Oracle Corporation
11.10 Syntel
*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 108)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (66 Tables)
Table 1 Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 2 Platforms Market, By Region, 2016–2023 (USD Million)
Table 3 North America: Platforms Market, By Country, 2016–2023 (USD Million)
Table 4 Services Market, By Type, 2016–2023 (USD Million)
Table 5 Services Market, By Region, 2016–2023 (USD Million)
Table 6 North America: Services Market, By Country, 2016–2023 (USD Million)
Table 7 Consulting Services Market, By Region, 2016–2023 (USD Million)
Table 8 Integration Services Market, By Region, 2016–2023 (USD Million)
Table 9 Training, Support, and Maintenance Services Market, By Region, 2016–2023 (USD Million)
Table 10 Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 11 Microservices in Healthcare Market for Cloud-Based Model, By Region, 2016–2023 (USD Million)
Table 12 North America: Microservices in Healthcare Market for Cloud-Based Model, By Country, 2016–2023 (USD Million)
Table 13 Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 14 Microservices in Healthcare Market for Public Cloud, By Region, 2016–2023 (USD Million)
Table 15 North America: Microservices in Healthcare Market for Public Cloud, By Country, 2016–2023 (USD Million)
Table 16 Microservices in Healthcare Market for Private Cloud, By Region, 2016–2023 (USD Million)
Table 17 North America: Microservices in Healthcare Market for Private Cloud, By Country, 2016–2023 (USD Million)
Table 18 Microservices in Healthcare Market for Hybrid Cloud, By Region, 2016–2023 (USD Million)
Table 19 North America: Microservices in Healthcare Market for Hybrid Cloud, By Country, 2016–2023 (USD Million)
Table 20 Microservices in Healthcare Market for On-Premise Model, By Region, 2016–2023 (USD Million)
Table 21 North America: Microservices in Healthcare Market for On-Premise Model, By Country, 2016–2023 (USD Million)
Table 22 Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 23 Microservices in Healthcare Market for Healthcare Providers, By Region, 2016–2023 (USD Million)
Table 24 North America: Microservices in Healthcare Market for Healthcare Providers, By Country, 2016–2023 (USD Million)
Table 25 Microservices in Healthcare Market for Healthcare Payers, By Region, 2016–2023 (USD Million)
Table 26 North America: Microservices in Healthcare Market for Healthcare Payers, By Country, 2016–2023 (USD Million)
Table 27 Microservices in Healthcare Market for Life Science Organizations, By Region, 2016–2023 (USD Million)
Table 28 North America: Microservices in Healthcare Market for Life Science Organizations, By Country, 2016–2023 (USD Million)
Table 29 Microservices in Healthcare Market for Clinical Laboratories, By Region, 2016–2023 (USD Million)
Table 30 North America: Microservices in Healthcare Market for Clinical Laboratories, By Country, 2016–2023 (USD Million)
Table 31 Microservices in Healthcare Market, By Region, 2016–2023 (USD Million)
Table 32 North America: Microservices in Healthcare Market, By Country, 2016–2023 (USD Million)
Table 33 North America: Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 34 North America: Services Market, By Type, 2016–2023 (USD Million)
Table 35 North America: Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 36 North America: Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 37 North America: Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 38 US: Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 39 US: Services Market, By Type, 2016–2023 (USD Million)
Table 40 US: Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 41 US: Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 42 US: Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 43 Canada: Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 44 Canada: Services Market, By Type, 2016–2023 (USD Million)
Table 45 Canada: Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 46 Canada: Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 47 Canada: Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 48 Europe: Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 49 Europe: Services Market, By Type, 2016–2023 (USD Million)
Table 50 Europe: Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 51 Europe: Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 52 Europe: Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 53 Asia Pacific: Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 54 Asia Pacific: Services Market, By Type, 2016–2023 (USD Million)
Table 55 Asia Pacific: Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 56 Asia Pacific: Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 57 Asia Pacific: Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 58 RoW: Microservices in Healthcare Market, By Component, 2016–2023 (USD Million)
Table 59 RoW: Services Market, By Type, 2016–2023 (USD Million)
Table 60 RoW: Microservices in Healthcare Market, By Deployment Model, 2016–2023 (USD Million)
Table 61 RoW: Microservices in Healthcare Market for Cloud-Based Model, By Type, 2016–2023 (USD Million)
Table 62 RoW: Microservices in Healthcare Market, By End User, 2016–2023 (USD Million)
Table 63 Product/Service Launches and Enhancements (2015–2018)
Table 64 Partnerships, Agreements, and Collaborations (2015–2018)
Table 65 Acquisitions (2015–2018)
Table 66 Expansions (2015–2018)
List of Figures (33 Figures)
Figure 1 Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Microservices in Healthcare Market, By Component, 2018 vs 2023 (USD Million)
Figure 7 Microservices in Healthcare Market, By Deployment Model, 2018 vs 2023 (USD Million)
Figure 8 Microservices in Healthcare Market, By End User, 2018 vs 2023 (USD Million)
Figure 9 Geographical Snapshot of the Microservices in Healthcare Market
Figure 10 Benefits Offered By Microservice Architecture—Key Factor Driving Market Growth
Figure 11 Services Segment to Witness Highest Growth Between 2018 & 2023
Figure 12 Cloud-Based Model to Dominate the Microservices in Healthcare Market During the Forecast Period
Figure 13 Hybrid Cloud to Register the Highest CAGR During 2018–2023
Figure 14 Healthcare Providers to Account for the Largest Market Share in 2018
Figure 15 US to Witness the Highest Growth During the Forecast Period (2018–2023)
Figure 16 Microservices in Healthcare Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Services Segment to Witness Highest Growth During 2018–2023
Figure 18 Cloud-Based Model to Offer Significant Growth Opportunities for Market Players During the Forecast Period
Figure 19 Healthcare Providers Segment to Command Largest Share of the Market in 2018
Figure 20 North America: Microservices in Healthcare Market Snapshot
Figure 21 Europe: Microservices in Healthcare Market Snapshot
Figure 22 Asia Pacific: Microservices in Healthcare Market Snapshot
Figure 23 RoW: Microservices in Healthcare Market Snapshot
Figure 24 Key Players Adopted Organic and Inorganic Growth Strategies Between 2015 and 2018
Figure 25 Market Evolution Framework
Figure 26 Amazon Web Services, Inc.: Company Snapshot (2017)
Figure 27 CA Technologies: Company Snapshot (2018)
Figure 28 Microsoft: Company Snapshot (2017)
Figure 29 Salesforce: Company Snapshot (2018)
Figure 30 Infosys: Company Snapshots (2018)
Figure 31 IBM: Company Snapshots (2017)
Figure 32 Oracle Corporation: Company Snapshot (2018)
Figure 33 Syntel: Company Snapshot (2017)
Generating Response ...
Growth opportunities and latent adjacency in Microservices in Healthcare Market