Microservices in Healthcare Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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The global microservices in healthcare market is projected to reach USD 402.3 million by 2030 from the estimated USD 114.1 million in 2020, at a CAGR of 19.3%.

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Description

Microservices in Healthcare Market by Component (Platform, Services (Consulting, Integration, Training, Support, Maintenance)), Delivery (Cloud, Hybrid, Private, On-premise), End User (Health care Provider, Payer, Life Science) – Global Forecast to 2030
Product Overview
Microservices or microservice architecture is a method of developing advanced software systems that focus on building single function modules with well-defined operations and interfaces. Microservices provide agility and are designed to align well with changing service deployment processes in healthcare sector from traditional practices to automation of services.
Market Highlights
The global microservices in healthcare market is projected to reach USD 402.3 million by 2030 from the estimated USD 114.1 million in 2020, at a CAGR of 19.3%. The benefits of microservice architecture, such as their ability to increase overall efficiency and project delivery speed, are the primary factor driving the market growth.
Market Segmentation
The services segment is expected to register a higher CAGR during the forecast period.
Based on component, the microservices in healthcare market is segmented into platforms and services. The services segment is further segmented into consulting services, integration services, and training, support, and maintenance services. Considering the dynamic nature of this market segment, currently, several vendors are innovating and offering various services in an effort to expand their customer base across the globe. The services segment is expected to grow at a rapid pace with the increasing deployment of microservices across the healthcare industry, globally
Global Microservices in Healthcare Market: Trends and Opportunities
Monolithic application software encompasses all software applications in a single-tier, and there is no specific focus on a single service. This reduces the efficiency of the healthcare industry and shifts the focus away from important functionalities. For this reason, the global demand for microservices in healthcare has been rising at a stellar pace in recent times. Moreover, microservices help in making swift and rapid changes to the overall architecture of the IT system. This factor has also led to the inflow of humongous revenues in the global microservices in healthcare market. There is a dire need to increase the agility of the healthcare sector which has in turn aided market growth.
Regional Analysis:
Geographically, the global microservices in healthcare market has been segmented into four major regions such as North America, Asia Pacific, Europe, and the rest of the world. The microservices in healthcare market in the North America region is anticipated to expand significantly during the forecast period owing to the increasing inclination towards automation of services in various industrial sectors and easy adoption of technologically advanced solutions to upgrade the healthcare services in this region. Increasing investment for incorporation of advanced technology and reliance on cloud-based solutions in the healthcare sector are fueling the growth of the microservices in healthcare market in the Europe region. The microservices in healthcare market in the Asia Pacific region is expanding at a noteworthy pace owing to the high demand for advanced solutions for managing large number of services and increasing awareness regarding the benefits of these services for business development in this region.
Key Players:
Some of the leading players operating in the global microservices in healthcare market are Amazon Web Services, Inc., (the U.S.), CA Technologies (the U.S.), Microsoft (the U.S.), Salesforce.com, Inc., (the U.S.), Pivotal Software, Inc. (the U.S.), Infosys (India), IBM (the U.S.), NGINX Inc. (the U.S.), Oracle Corporation (the U.S.), and Syntel (the U.S.).
Microservices in Healthcare Market, by Component
• Platforms
• Services
Microservices in Healthcare Market, by Delivery Model
• On-premise Models
• Cloud-based Models
Microservices in Healthcare Market, by End user
• Healthcare Providers
• Healthcare Payers
• Lifesciences Industry
• Research Organizations

Additional information

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Geography Covered

Date Published

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Table of Contents

Contents
1. Executive Summary
2. Global Microservices in Healthcare Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Microservices in Healthcare Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Microservices in Healthcare Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Microservices in Healthcare Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Component: Market Share (2020-2030);
12.2.1. Platforms, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Delivery Model: Market Share (2020-2030F)
12.3.1. On-premise Models, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Cloud-based Models, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By End user: Market Share (2020-2030F)
12.4.1. Healthcare Providers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Healthcare Payers, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Lifesciences Industry, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.4. Research Organizations, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

13 Company Profile
13.1. IBM (US)
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Oracle (US)
13.3. Amazon Web Services (US)
13.4. Microsoft (US)
13.5. Salesforce.com (US)
13.6. CA Technologies (US)
13.7. Infosys (India)
13.8. NGINX (US)
13.9. Syntel (US)
13.10. Pivotal Software (US)
13.11. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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