Global Healthcare Cloud Computing Market Share Is Expected To Grow At A CAGR Of 17.4% By 2028

19-Oct-2022 | Facts and Factors

According to Facts and Factors, the global healthcare cloud computing market size was worth USD 39.1 billion in 2021 and is estimated to grow to USD 102.3 billion by 2028, with a compound annual growth rate (CAGR) of approximately 17.4% over the forecast period. The report analyzes the healthcare cloud computing market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare cloud computing market.

By providing hosted services online, gathering data in real-time, and improving data accessibility, healthcare cloud computing assists businesses in storing, managing, and processing data from many locations. Numerous benefits of healthcare cloud computing include enabling professionals to store and access data remotely. Real-time data gathering and accessibility are improved via cloud computing. It has outperformed the traditional paper healthcare system by handling data more quickly and effectively. One typical use of healthcare cloud computing technology is for remote patient monitoring.

Browse the full “Healthcare Cloud Computing Market Size, Share, Growth Analysis Report By Product (Healthcare Provider Solutions, Healthcare Payer Solutions), By Component (Services, Software), By Deployment Model (Private Cloud, Hybrid Cloud, Public Cloud), By Pricing Model (Pay-as-you-go, Spot Pricing), By Service Model (Software-as-a-service, Platform-as-a-service, Infrastructure-as-a-service), By End User (Healthcare Providers, Healthcare Payers), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/healthcare-cloud-computing-market

One of the key factors fueling the expansion of the global healthcare cloud computing market is the spread of fast internet around the globe. The widespread use of wearable technology, big data analytics, and the Internet of Things (IoT) in the healthcare industry, as well as the emergence of new payment structures and the cloud's cost-effectiveness, are driving the market's expansion. The development further influences the market in popularity of the technology due to its many benefits, including the availability of dynamic health benefit plan designs & flexibility, better data storage, and scalability offered by cloud computing. The market for healthcare cloud computing is positively impacted by improvements in healthcare infrastructure, an increase in disposable money, fast digitization, and the establishment of accountable care organizations. Additionally, throughout the forecast period, using blockchain in the health cloud and introducing the telecloud will provide lucrative opportunities to market participants.

The global healthcare cloud computing market is segregated based on products, components, deployment model, pricing model, service model, end user, and region. Based on products, the market is classified into healthcare provider and payer solutions. Healthcare provider solutions led the market in 2021 and are expected to dominate during the forecast period. Based on components, the market is segmented into services and software. In 2021, the services segment dominated the market. Based on the deployment model, the market is classified into private, hybrid, and public clouds. The private cloud segment is expected to register the highest growth. Based on the pricing model, the market is classified into pay-as-you-go and spot pricing. The pay-as-you-go model segment dominated the market in 2021. Based on the service model, the market is segmented into software-as-a-service, platform-as-a-service, and infrastructure-as-a-service. Software-as-a-service (SaaS) segment held the largest share of the market in 2021. The market is segmented based on end-users: healthcare providers and payers. The healthcare providers segment dominated the market in 2021.

The global healthcare cloud computing market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East & Africa. North America dominated the global healthcare cloud computing market in 2021. One of the key factors contributing to the high revenue share may be the growing usage of analytical IT solutions in healthcare management to improve workflow efficiency and process effectiveness. North America is a dominant player in the healthcare cloud computing business, and it is predicted that, barring any significant changes, this pattern will continue over the coming years. U.S. is a leader in healthcare cloud computing, mostly due to its high adoption rate of healthcare IT services and ongoing backing from the government sector.

Report Scope

Key players in the global healthcare cloud computing market include Amazon Web Services Inc., International Business Machines Corporation, NTT DATA Corporation,  CareCloud, Inc., VEPRO eHealth Solutions, Siemens Healthineers AG, eClinicalWorks, Allscripts Healthcare Solutions Inc., GE Healthcare, Nextgen Healthcare Inc., DXC Technology, Microsoft Corporation, Athenahealth Inc., INFINITT Healthcare Co. Ltd., Hyland Software Inc., Koninklijke Philips N.V., salesforce Inc., Fujifilm Holdings Corporation, Sectra AB, Dell Technologies Inc., EnSoftek Inc., Oracle Corporation, Iron Mountain Inc., ClearDATA Networks Inc., Global Net Access, VMware Inc., among others.

Recent Development:

• February 2022: To facilitate clients' adoption of a hybrid cloud strategy and move mission-critical workloads from SAP solutions to the cloud for regulated and non-regulated sectors, Lyniate bought SAP SE.

Global Healthcare Cloud Computing Market is segmented as follows:

By Product

• Healthcare Provider Solutions
• Healthcare Payer Solutions

By Component

• Services
• Software

By Deployment model

• Private Cloud
• Hybrid Cloud
• Public Cloud

By Pricing model

• Pay-as-you-go
• Spot Pricing

By Service model

• Software-as-a-service
• Platform-as-a-service
• Infrastructure-as-a-service

By End User

• Healthcare Providers
• Healthcare Payers

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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