Healthcare Cloud Computing Market Size, Share, Growth Analysis, Trends, Demand by 2027

Market Insights

Market Research Future (MRFR) studied the cloud computing market 2020 through the review period till 2023. As per MRFR analysis, the global cloud computing market is anticipated to register considerable CAGR and earn substantial revenue by end of the review period. The ingression of cloud-based technology in healthcare facilities offers several important benefits that aid in boosting operations efficiency of organizations. The cloud deployment of IT software assists in the collection of real-time data and data retrieval with greater convenience and eliminate manual errors. Document processing is a rigorous task in healthcare facilities and cloud computing only accelerates work with better performance efficacy. Moreover, cloud computing curbs the overall costs as it eliminates the need for physical infrastructure. These are identified as some potential factors that can promote the global healthcare cloud computing market in the years to come.

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The IT revolution and upscaling demand for cloud computing have positively influenced the healthcare sector. The large volume of data generated in the healthcare sector has encouraged the enormous adoption of cloud computing solutions. Moreover, the voluminous data generation has further increased the need for scalability and flexibility in working dynamics. Top-notch healthcare cloud computing players are actively investing in the development of improved and new services that will continue to optimize operations in complex and large industries; such as healthcare. These are other causes that are expected to add momentum to the healthcare cloud computing. 

Security risks and the growing concern regarding sensitive data made available on the cloud is identified as restrains on the cloud computing market. Cloud breaches and inefficient backup activities by healthcare organizations are anticipated to pose challenges to the market expansion.

Healthcare Cloud Computing Market – Segments

The report is segmented into five market dynamics to widen the scope of understanding,

By Applications: Non-clinical information system (NCIS) and Clinical information system (CIS). 

By Deployment: Private cloud, Public cloud, and Hybrid cloud

By End-user: Healthcare Providers and Healthcare Players.

By Service        : Infrastructure-as-a-service (IaaS), Software-as-a-service (SaaS), and Platform-as-a-service (PaaS).

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Healthcare Cloud Computing Market Regional Overview

The report offers a comprehensive regional overview, as several companies are involved in the health cloud computing market. In the regions covered by the study, the global market share will increase rapidly in the coming years. The study also covers national markets for health cloud computing. Regional cloud computing health services markets also have a major impact on the global cloud computing healthcare market. The data in the cloud healthcare market report will assist companies in the cloud healthcare market to make intelligent acquisitions, growth strategy, and new products and services planning.

The main regional cloud computing markets studied in the study analyses North America, APAC (Asia-Pacific), Europe and other parts of the world. In Europe's health cloud computing sector, the leading markets for health cloud computing are countries such as France, United Kingdom, Germany, Spain, Italy and the rest of Europe. And the wellness cloud computing industry in North America has seen healthy growth in the United States, Mexico and Canada.

Healthcare Cloud Computing Market   - Competitive Analysis 

Highly competitive, the global healthcare cloud computing market appears to be fragmented characterized by the presence of several well-established players. To gain a substantial share in the market, these players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. For extensions, these players tap the growing markets. Strategic partnerships support these companies' growth and expansion plans. These players invest heavily in R&D to develop a technology that is entirely on a different level compared to their competition. Players compete with each other based on factors such as the product and technology launch, quality, reliability, and cost. 

Major Players: 

Players heading the global healthcare cloud computing market include CareCloud Corporation, International Business Machines (IBM) Corporation, Agfa-Gevaert N.V., Carestream Corporation, Merge Healthcare Inc., Cerner Corporation, Oracle Corporation, Microsoft Corporation, ClearData Networks Inc., Nuance Communications, Sectra AB, GE Healthcare, NextGen Healthcare, Athenahealth Inc., Dell Inc., and Siemens Healthineers, among others.

Industry/ Innovation/ Related News: 

August 28, 2019 ---- Google Cloud announced its partnership with a leading IT services provider and global innovation partner - NTT DATA Services (the US) to develop healthcare cloud computing applications. Companies will develop healthcare solutions that help health plans better engage with members and providers in an environment of changing payment models, regulations, and technology.

The partnership would enable providers to deliver better patient outcomes while increasing efficiency and reducing costs by using healthcare cloud computing, artificial intelligence, and data analytics. Google Cloud Platform, offered by Google, is a suite of cloud computing services that runs on the same infrastructure that Google uses internally for its end-user products, such as Google Search and YouTube. NTT DATA is based in more than 40 countries. The company emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services.

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