IMARC Group, a leading market research company, has recently releases report titled “Healthcare Cloud Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global healthcare cloud computing market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the healthcare cloud computing market?
The global healthcare cloud computing market size reached US$ 39.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 91.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.
What is Healthcare Cloud Computing?
Healthcare cloud computing is a revolutionary technology model that enables the delivery and consumption of healthcare-related applications, data storage, and services directly over the Internet. This technology provides secure and flexible data storage, processing, and management solutions that are scalable according to the requirements of healthcare organizations. It allows healthcare providers to store large volumes of patient data, such as electronic health records (EHRs), imaging data, clinical information, and other medical data, on remote servers that are accessible anytime and anywhere. Furthermore, cloud computing facilitates collaboration and data sharing among healthcare professionals, improving the quality of patient care and outcomes. It also enables the deployment of advanced analytics and artificial intelligence in healthcare, significantly transforming the way healthcare services are delivered and managed.
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What are the growth prospects and trends in the healthcare cloud computing industry?
The increasing volume of healthcare data represents one of the key factors driving the growth of the global healthcare cloud computing market. This is primarily attributed to the widespread adoption of digital health records and advancements in healthcare technologies, which necessitate efficient data storage, processing, and management solutions, thus boosting the growth of the market. Simultaneously, escalating healthcare costs are pushing healthcare providers to seek cost-efficient alternatives, and cloud computing, with its pay-as-you-go model, presents an attractive option. In line with this, the increasing need for real-time access to healthcare data for informed decision-making, improved care coordination, and enhanced patient outcomes is propelling the growth of the market. In addition to this, regulatory support for data interoperability and sharing in healthcare is another factor favoring the growth of the market. Emerging technologies like artificial intelligence (AI), machine learning (ML), and predictive analytics, which require extensive computational power and storage, are finding their applications in healthcare, thereby boosting the demand for cloud solutions. Moreover, the growing awareness of the benefits of cloud adoption, such as operational efficiency, scalability, and resilience, is creating a positive outlook for the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Service Model:
- Software as a Service
- Infrastructure as a Service
- Platform as a Service
Market Breakup by Cloud Deployment Model:
- Private Cloud
- Public Cloud
- Hybrid Cloud
Market Breakup by Application:
- Clinical Information System
- Computerized Physician Order Entry
- Electronic Medical Records
- Radiology Information System
- Pharmacy Information System
- Others
- Non-clinical Information System
- Automatic Patient Billing
- Revenue Cycle Management
- Claims Management
- Others
Market Breakup by End User:
- Healthcare Providers
- Healthcare Payers
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Allscripts Healthcare Solution Inc.
- Amazon.com Inc.
- Athenahealth Inc.
- CareCloud Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- International Business Machines Corporation
- Iron Mountain Inc.
- Koninklijke Philips N.V.
- Microsoft Corporation
- Oracle Corporation
- Siemens AG
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