Global Healthcare Cloud Computing Market Drivers 2024, Forecast To 2033
20 Feb, 2024
The healthcare cloud computing market has grown from $36.27 billion in 2023 to $41.33 billion in 2024, with a CAGR of 13.9%, driven by factors such as electronic health records (EHR) adoption, cost reduction initiatives, data security concerns, interoperability requirements, and increased demand for storage and processing power. The forecast anticipates rapid growth to $74.36 billion in 2028, showcasing a CAGR of 15.8%. This growth is attributed to the adoption of telehealth services, AI and machine learning integration, remote patient monitoring solutions, edge computing in healthcare, and increased focus on data analytics. Major trends in the forecast period include blockchain for healthcare data management, hybrid cloud deployments, personalized medicine platforms, mobile health (mHealth) applications, and the integration of the Internet of Things (IoT) in healthcare systems.
Global Healthcare Cloud Computing Market Key Driver
The healthcare cloud computing market is expanding due to the rising adoption of information technology in the healthcare sector. The adoption of electronic health records (EHRs), e-prescriptions, and other health information technologies is enhancing healthcare services. Accenture's 2021 health and life science experience survey highlights a 26% improvement in healthcare access with digital adoption during the COVID-19 pandemic. The healthcare sector's increasing reliance on information technology is a driving force behind the growth of the healthcare cloud computing market.
Get A Free Sample Of The Global Healthcare Cloud Computing Market ReportGlobal Healthcare Cloud Computing Market Segments
The healthcare cloud computing market covered in this report is segmented –
1)By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
2)By End User: Healthcare Providers, Healthcare Payers
3)By Pricing Model: Pay-as-you-go, Spot Pricing
4)By Service Model: Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS)
5)By Application: Clinical Information System, Non-Clinical Information System
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the healthcare cloud computing market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cloud computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Healthcare Cloud Computing Industry Players
International Business Machines Corporation; Onex Corporation; Athenahealth Inc.; Siemens AG; GE Healthcare Company; Cisco Systems Inc.; Iron Mountain Inc.; Microsoft Corporation; Oracle Corporation; CareCloud Corporation; ClearDATA; Dell Technologies Inc.; Agfa-Gevaert N. V; VMware Inc.; Allscripts Healthcare Solutions Inc.; Amazon Web Services Inc.; eClinicalWorks; Cerner Corporation; Salesforce Inc.; Google LLC; Hewlett Packard Enterprise Development LP; Fujitsu Limited; NTT DATA Corporation; Citrix Systems Inc.; Nutanix Inc.; Hitachi Ltd.; Pure Storage Inc.; Lenovo Group Limited; Huawei Technologies Co. Ltd.; Zscaler Inc.
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Healthcare Cloud Computing Market Overview
Healthcare cloud computing refers to integration of could computing services in healthcare which use remote servers accessed through the internet to store, manage, and process healthcare-related data. Healthcare cloud computing allows professionals and individuals to maintain electronic medical records for storing information about patient interactions, reduce data storage costs, offer superior data security, and more.
Healthcare Cloud Computing Global Market Report 2023 provides data on the global healthcare cloud computing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The healthcare cloud computing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.