Healthcare Cloud Computing Market

Healthcare Cloud Computing Market worth $89.4 billion by 2027

According to a research report "Healthcare Cloud Computing Market by Product (EMR/EHR, VNA, RIS, LIS, PIS), Deployment (Private Cloud, Hybrid Cloud, Public Cloud), Component (Software, Services), Pricing (Spot Pricing), Service (SaaS, IaaS, PaaS), End User - Global Forecasts to 2027" published by MarketsandMarkets, the global Healthcare cloud computing market is projected to reach USD 89.4 billion by 2027 from USD 39.4 billion in 2022, at a CAGR of 17.8%. The Healthcare cloud computing market is primarily driven by factors such as the growing adoption of EHR, e-prescribing, telehealth, mHealth, and other healthcare IT solutions due to COVID-19; the increasing adoption of big data analytics, wearable devices, & IoT; increasing cloud deployment in the healthcare industry; better storage, flexibility, and scalability of data offered by cloud computing; the proliferation of new payment models and cost-efficiency of the cloud; and the dynamic nature of health benefit plan designs. On the other hand, data and security concerns and complex regulations governing cloud data centers are factors expected to restrain the market growth to a certain extent.

Browse 317 market data Tables and 54 Figures spread through 394 Pages and in-depth TOC on "Healthcare Cloud Computing Market by Product (EMR/EHR, VNA, RIS, LIS, PIS), Deployment (Private Cloud, Hybrid Cloud, Public Cloud), Component (Software, Services), Pricing (Spot Pricing), Service (SaaS, IaaS, PaaS), End User - Global Forecasts to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cloud-computing-healthcare-market-347.html

In this report, the Healthcare cloud computing market is classified into seven segments—product, component, deployment model, pricing model, service model, end user, and region.

“In 2021, the healthcare provider solutions segment accounted for the largest market share.”

The healthcare provider segment occupied a larger share of 79.2% of the healthcare cloud computing market in 2021. The segment is expected to exhibit the highest CAGR of 19.2% during the forecast period. The large share of this segment can be attributed to the rising adoption of big data analytics as well as various healthcare IT solutions due to COVID-19.

“By component, the services segment was the larger market share in 2021.”

The services segment accounted for the larger share of the healthcare cloud computing market in 2021. The introduction of complex software and the need to ensure the integration and interoperability of software, which requires extensive training and upgrades, are key factors leading to the growth of this segment.

“The SaaS segment accounted for the largest market share in 2021.”

The software-as-a-service segment accounted for the largest share of 71.2% of the healthcare cloud computing market in 2021. This segment is projected to reach USD 56.6 billion by 2027 from USD 26.4 billion in 2022, at a CAGR of 16.4% during the forecast period. The security, lower total cost of ownership, faster deployment time, and limited up-front capital expenses associated with the SaaS model are key factors leading to the growth of this segment.

“In 2021, North America was the region with the largest market share in the healthcare cloud computing market“

The healthcare cloud computing market is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

North America accounted for the largest share of the healthcare cloud computing market in 2021, followed by Europe and the Asia Pacific. The large share of North America can be attributed to several factors including favourable government initiatives, and high healthcare expenditure in North America, among other factors. Additionally, many healthcare cloud computing companies are headquartered in the region, which adds to the lucrative atmosphere.

Asia Pacific was the fastest growing region, which can be attributed to the increasing adoption digital health solutiins in the region, reforms in China’s healthcare infrastructure, India’s rapidly growing healthcare industry , and health IT program implementation in Australia and New Zealand.

Key players offering healthcare cloud computing products in this market include Amazon Web Services, Inc. (US), Microsoft Corporation (US), International Business Machines Corporation (US), athenahealth. Inc. (US), CareCloud, Inc. (US), Siemens Healthineers AG (Germany), eClinicalWorks (US), Koninklijke Philips N.V. (Netherlands), and Allscripts Healthcare Solutions, Inc. (US).

These companies adopted strategies such as service launches, business expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their presence in the Healthcare cloud computing market.

Don’t miss out on business opportunities in Healthcare Cloud Computing Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
HIT 3561
PR Published ON
4/22/2022
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Healthcare Cloud Computing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home