Healthcare Cloud Computing Market: Market Segments: By Service (IAAS, PAAS and SAAS); By Deployment Model (Public, Private and Hybrid Cloud); By Application (Clinical Information System and Non-clinical Information System); By Pricing Model Pay-as-you-go and Spot Pricing); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Healthcare Cloud Infrastructure also offers real-time data storage and increases data accessibility for organizations to store, handle and process data from various locations and deliver hosted services over the internet. Healthcare Cloud Infrastructure allows the healthcare sector to store and view data remotely in various ways, such as allowing professionals.
Healthcare Cloud Computing Market is expected to project a notable CAGR of 17.6% in 2030.
Healthcare Cloud Computing Market to surpass USD 66.3 Billion by 2030 from USD 26.5 Billion in terms of value growing at a CAGR of 17.6% throughout the forecast period, i.e., 2020-30. Growing adoption by healthcare professionals of cloud computing software is expected to drive industry growth. Business growth is also expected from the expansion of the high-speed internet and the introduction of favorable regulatory actions. Increasing demand from healthcare players such as Cisco, IBM, GE Healthcare, and government organizations for strict regulatory enforcement, public awareness, and increasing investment is expected to generate a demand during the study period for this technique.
Healthcare Cloud Computing Market: Segments
Public cloud segment to grow with the highest CAGR of 13.2% during 2020-30
Healthcare Cloud Computing Market is segmented by deployment model as public cloud, private cloud, and hybrid cloud. The private cloud deployment model segment is estimated to lead the market with a share of XX.X% in 2019. The private on-premise cloud offers high-security solutions and provides network access.
Healthcare Cloud Computing Market: Market Dynamics
Access to Advance Technology
Access to advanced technologies such as machine learning, and cloud use to minimize costs and enhance scalability, storage, and versatility are the major factors for the growth of the healthcare cloud computing industry. In order to store, handle and process data, cloud computing is the practice of using a network of remote servers hosted on the internet.
Data Security and Integrity Issues
Major concern about cloud solutions is that vendor-hosted data is not as secure as data stored on-site. Patient information is considered sensitive and there is a need to ensure a high degree of privacy such that this information is available only to approved users. While the cloud has numerous advantages and security measures, the information stored on the cloud is still vulnerable to cyber-attacks. Data protection and privacy issues are growing increasingly with the increasing amount of patient data and rising efforts towards digital transformation in healthcare.
Healthcare Cloud Computing Market: Regions
Healthcare Cloud Computing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Healthcare Cloud Computing Market in North America led the market with a lion share of XX.X in 2019 and is projected to maintain its lead over the forecast period. Continuous technical advances in the cloud computing solution for healthcare have strengthened its acceptance among healthcare providers. In addition, the supportive regulatory scenario favors regional growth as it ensures that effective and updated software is available. During the forecast period, Asia Pacific is projected to rise at the highest CAGR. The growth of the healthcare cloud computing market in the Asia Pacific is driven by the evolving demographics in highly populated countries such as China and India, large volumes of patient data created as a result of the increasing disease burden in the region and various government initiatives focusing on healthcare digitization. Growing investment in modernizing the country’s healthcare infrastructure is therefore expected to drive the growth of the APAC region’s healthcare cloud computing market.
Healthcare Cloud Computing Market: Key Players
• Oracle Corp.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Microsoft Corp.
• EMC Corp.
• Cisco Systems Inc.
• VMWare, Inc.
• Merge Healthcare, Inc.
• Iron Mountain, Inc.
• IBM Corporation
• Global Net Access (GNAX)
• Dell Inc.
• Cleardata Networks, Inc.
• Carestream Health, Inc.
• Carecloud Corporation
• Athenahealth, Inc
Healthcare Cloud Computing Market report also contains analysis on:
Healthcare Cloud Computing Market Segments:
• Infrastructure as a service (Iaas)
• Platform as a service (Paas)
• Software as a service (Saas)
By Deployment Model:
• Private Cloud
• Hybrid Cloud
• Public Cloud
• Clinical Information System
o Computerized Physician Order Entry
o Electronic Medical Records
o Radiology Information System
o Pharmacy Information System
• Non-clinical Information System
o Automatic Patient Billing
o Revenue Cycle Management
o Claims Management
By Pricing Model:
• Spot Pricing
• Healthcare Cloud Computing Market Dynamics
• Healthcare Cloud Computing Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Healthcare Cloud Computing Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Healthcare Cloud Computing Market?
· What could be the challenging factors in the growth of Healthcare Cloud Computing Market?
· What are the growth drivers for the Healthcare Cloud Computing Market?