"Global Healthcare Cloud Computing Market is Projected to Grow at a CAGR of 17.2% During the Forecast Period (2023-2033)" , is expected to reach USD 51.9 billion by 2024 at a CAGR of 17.2% during the forecast period.
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Major factors driving the growth of this market are the increasing adoption of big data analytics, wearable devices, and IoT in healthcare. The benefits of using the cloud include ease of use, increased data storage, flexibility, and scalability. However, data security and privacy concerns are expected to restrain the growth of this market. "By product, the healthcare provider solutions segment is projected to grow at the highest CAGR during the forecast period ( 2023-2033
)."
It is categorized as an appereer solution. In 2018, the healthcare cloud computing market accounted for the largest share of the healthcare cloud computing market. The large share and high growth of this segment can be attributed to the increasing amount of patient data being generated globally due to population growth and rising prevalence of diseases.
"By service model, Software as Service segment is projected to grow at the highest CAGR during the forecast period (2023-2033)"
The healthcare cloud computing market is segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) based on service model . The SaaS segment held the largest share in the healthcare cloud computing market in 2018. The SaaS model offers several advantages over on-premises solutions, such as security, low total cost of ownership, rapid deployment times, and limited upfront costs. However, the IaaS segment is expected to grow at the highest CAGR during the forecast period. Since IaaS does not require initial costs, bandwidth usage fees, minimum usage periods, etc., it is predicted that IaaS adoption will increase in the next few years.
“North America will witness the highest growth during the forecast period (2023-2033).North
America accounted for the largest share of the global healthcare cloud computing market in 2019-2024. North America's large share of the market is due to the increasing adoption of electronic health records (EHRs) among healthcare professionals, the incentive-driven approach of government healthcare IT programs, and the active participation of private companies in industrial development in the region. The breakdown of major participants
referenced in this report is as follows:
- By company type By company type: Tier 1-40%, Tier 2-30%, Tier 3-30
- By Job Title By Job Title: C Level -27%, Director Level -18%, Other -55
- By Region North America -50%, Europe -20%, Asia Pacific -15%, Rest of World -15
Leading players in the global healthcare cloud computing market are IBM (US), athenahealth (US), CareCloud Corporation (US), Siemens Healthineers AG (Germany), Koninklijke Philips NV (Netherlands), Allscripts Healthcare Solutions, Inc (US ), GE Healthcare (USA), NTT Data Corporation (Japan), DXC Technology Company (USA), INFINITT Healthcare Co. Ltd. (Korea), FUJIFILM Holdings Corporation (Japan), Dell Technologies, Inc. (USA) .
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Coverage
This report analyzes the medical cloud computing market with products, deployment models, components, pricing models, and services. It aims at estimating the market size and future growth potential of the market based on various segments such as models and regions. It also includes competitive analysis, company profiles, product/service content, recent developments, and major market strategies of key players in the market.
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