What Has Been The Evolution of the Healthcare Cloud Infrastructure Market in Recent Years?
The healthcare cloud infrastructure market has seen considerable growth due to a variety of factors.
• In recent times, there has been swift expansion in the healthcare cloud infrastructure market size. The projections suggest an increase from $85.23 billion in 2024 to $100.45 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 17.9%.
Factors such as the need for data storage, cost-effectiveness, scalability, remote accessibility, and interoperability have contributed to the growth observed during the historical period.
What Is the Forecasted Market Size and Growth Rate for The Healthcare Cloud Infrastructure Market?
The healthcare cloud infrastructure market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the healthcare cloud infrastructure market is projected to experience robust expansion. Forecasts suggest that its size will reach $205.21 billion by 2029, achieving a compound annual growth rate (CAGR) of 19.6%.
This surge during the forecast period can be credited to factors such as the growth of telemedicine, genomic and precision medicine, as well as compliance and data security, pandemic readiness, and the integration of blockchain technology. The forecast period is also expected to witness key trends including the adoption of hybrid cloud, the application of edge computing in healthcare, security, and compliance as a service provision, and the use of artificial intelligence and machine learning. Additionally, data lakes and analytics along with cloud-native applications are expected to drive market growth.
What Factors Are Driving Growth In The Healthcare Cloud Infrastructure Market?
The increasing financial support for the introduction of cloud computing technologies in hospitals is anticipated to spur the healthcare cloud infrastructure market's expansion. These technologies allow for the creation of remote servers accessible online for the management, storage, and processing of patient data. The digital transformation of hospitals, including the adoption of cloud computing, helps minimize costs and improve operational efficiency, thereby necessitating cloud infrastructure and the essential components for its implementation. For example, healthcare and technology-focused US media group, Healthcare IT News, reported that a cloud-based Hospital Information Management System is being established for Delhi's public hospitals, backed by a funding of Rs 13.9 billion ($18.9 million) from the Delhi government. Consequently, increased funding for the integration of cloud computing technologies in healthcare centers is fuelling the healthcare cloud infrastructure market demand.
What Are The Main Segments Of The Global Healthcare Cloud Infrastructure Market?
The healthcare cloud infrastructure market covered in this report is segmented –
1) By Component: Hardware, Services
2) By Pricing Model: Pay-As-You-Go, Spot Pricing
3) By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
4) By End-User: Healthcare Providers, Healthcare Payers
Subsegments:
1) By Hardware: Servers, Storage Devices, Networking Equipment, Security Appliances
2) By Services: Cloud Storage Services, Cloud Computing Services, Cloud Security Services, Consulting And Integration Services
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What Emerging Trends Are Influencing The Growth Of The Healthcare Cloud Infrastructure Market?
The healthcare cloud infrastructure market is witnessing a growing trend of technological advancement. Key market players are focusing on the incorporation of innovative technologies like AI (artificial intelligence) and text analytics to enhance workflow efficiency and diminish expenses. As a recent example, Microsoft Corporation, an American software firm that provides cloud infrastructure, has revamped its Microsoft Cloud for Healthcare in March 2022. It has added AI and text analytic features, aiming to offer comprehensive data insight, lessen the administrative load of healthcare providers, optimize efficiency for frontline care units, and encourage workflow automation. Thereby, it can enhance the quality of care, alleviate clinician burnout, interpret unstructured medical data insights, and facilitate faster and cost-effective quality care.
Who Are the Key Players in the Healthcare Cloud Infrastructure Market?
Major companies operating in the healthcare cloud infrastructure market include:
• Amazon.com Inc.
• ClearDATA Networks Inc.
• CloudMine Inc.
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation(IBM)
• Kinvey Inc.
• Koninklijke Philips NV
• Medable Inc.
• MphRx Inc.
• NTT Data Communications Systems Corporation.
• Oracle Corporation
• Salesforce Inc.
• Siemens AG
• Allscripts Healthcare Solutions
• Athenahealth
• Box Cloud Storage Co.
• CareTech Solutions
• Cerner Corporation
• CoreSite Realty Corporation
• Computer Programs and Systems Inc.
• Dell Inc.
• eClinicalWorks
• Epic Systems Corporation
• GE Healthcare
• Google Cloud Healthcare
• Greenway Health Co.
• Infor Healthcare
• InterSystems
• Iron Mountain Data Centers
• Kronos Incorporated
• McKesson Corporation
• Microsoft Azure
• NetApp Co.
• NextGen Healthcare
What Is The Most Dominant Region In The Healthcare Cloud Infrastructure Market?
North America was the largest region in the healthcare cloud computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cloud infrastructure market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
