The Global Healthcare Cloud Computing Market is witnessing a constant rise with the increasing adoption of cloud computing in various small, medium, and large healthcare setups across the world. The ever-growing data usages and the evolving connectivity services in terms of reliability, latency, and symmetry are vital, particularly for the healthcare sector.
This, along with the increased focus on the quality of connectivity, drives the expansion of the communications infrastructure sector. The spurting increase in digital healthcare data provides significant impetus to the growth of the market. According to Market Research Future (MRFR), the Global Healthcare Cloud Computing Market Share is projected to garner colossal accruals by 2023, registering a remarkable CAGR from 2018 -2023.
Increasing demand for transformational payment modes alongside the surging patient pool provides ample growth opportunities. Moreover, technological advances alongside the increasing healthcare expenditures propel market growth. The deployment of cloud computing and the implementation of various analytical tools substantiate the growth of the market, triggering operational efficiency.
Additionally, the integration of the Internet of Things (IoT) that provides opportunities for seamless integration of the method acts as a key growth driver. However, increasing concerns about cybersecurity and data theft are impeding the growth of the market.
Healthcare Cloud Computing Market - Competitive Landscape
The healthcare cloud computing market attracts many entrants, demonstrating high growth potential. Providers strive to develop innovative technologies and best practices. To gain a significant share of the market, payers incorporate strategies such as mergers & acquisitions and collaboration. They make substantial investments in developing unique technologies and acquiring promising companies to increase their global footprints. Expansion plans also help them to fetch larger turnovers.
Players leading the global healthcare cloud computing market include CareCloud Corporation, International Business Machines (IBM) Corporation, Agfa-Gevaert N V, Carestream Corporation, Merge Healthcare Inc., Cerner Corporation, Microsoft Oracle Corporation, Corporation, ClearData Networks Inc., Nuance Communications, Sectra AB, GE Healthcare, NextGen Healthcare, athenahealth Inc., Siemens Healthineers, and Dell Inc., among others.
Global Healthcare Cloud Computing Market - Segmentations
The report is segmented into five main dynamics to widen the scope of understanding,
By Applications : Non-Clinical Information System (NCIS) and Clinical Information System (CIS).
By Deployment : Public cloud, Private cloud, and Hybrid cloud.
By End-user : Healthcare Providers and Healthcare Players.
By Service : Software-as-a-service (SaaS), Infrastructure-as-a-service (IaaS), and Platform-as-a-service (PaaS).
By Regions : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World
Global Healthcare Cloud Computing Market - Geographical Analysis
North America leads the global healthcare cloud computing market. The presence of an infrastructural setup and major players is expected to trigger high growth in the coming years. Besides, the high integration of IT and IoT in the sector impacts the market growth positively. Players try to capitalize on these provisions as they have the structural scope to optimize the potential. Resultantly, the North American healthcare cloud computing market, is expected to witness massive traction over the assessment period. The well-developed healthcare infrastructure can also be regarded as a major impetus-provider.
Europe stands second in the global healthcare cloud computing market, following the trail set by North America. The rising economy in the region, alongside the presence of notable market players, allows the market to witness promising growth, holding substantial promise for the market.
The Asia Pacific healthcare cloud computing market is anticipated to witness significant growth in the coming years. Factors such as the rapidly growing markets in emerging economies like India, China, Australia, and others project high growth for the regional market, providing scope for expansion.
MRFR leverages its cutting-edge analytical tools for presenting a qualitative and quantitative assessment of the key market elements that are likely to influence market forecast. An extensive primary and secondary research is undertaken for drawing evidence-based insights into the market. The multi-layer verification process is employed for the validation of the shifts projected in our reports. Additionally, top-down and bottom-up approaches authenticate the credibility of the statistical observations deduced from the data curated. The engagement of fail-safe methodologies reaffirms the quality of our research findings.