Healthcare Cloud Computing Global Market Sees Growth Rate Of 16% Through 2026
9 Aug, 2022
The global healthcare cloud computing market size is expected to grow from $28.36 billion in 2021 to $32.78 billion in 2022 at a compound annual growth rate (CAGR) of 15.60%. The change in the healthcare cloud computing market growth trend is mainly due to companies' stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The market is expected to reach $58.88 billion in 2026 at a CAGR of 15.77%.
What is the Global Healthcare Cloud Computing Market?
The healthcare cloud computing market consists of the sales of healthcare cloud computing services by entities (organizations, partnerships, and sole proprietors) that 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.
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What drives the Global Healthcare Cloud Computing Market?
The rise in the adoption of information technology in the healthcare sector is significantly driving the growth of the healthcare cloud computing market. Information technology has paved the way for more precise healthcare services that help patients attain easy and quick access to various healthcare facilities. The most common examples of health information technology are electronic health records (EHRs), e-prescriptions, and other tech tools that help patients meet health goals such as managing blood sugar levels or quitting smoking. According to the 2021 Accenture health and life science experience survey of 1,800 people in the United States, nearly 26% said their access to healthcare has been even better with digital adoption since the onset of the COVID-19 pandemic. Thus, a rise in the adoption of information technology in the healthcare sector is expected to drive the market.
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Global Healthcare Cloud Computing Market Segments
The global healthcare cloud computing market is segmented:
By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
By End-User: Healthcare Providers, Healthcare Payers
By Pricing Model: Pay-As-You-Go, Spot Pricing
By Service Model: Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS)
By Application: Clinical Information System, Non-Clinical Information System
By Geography: The regions covered in the healthcare cloud computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Healthcare Cloud Computing Global Market Report 2022provides market size and growth forecasts for the global healthcare cloud computing market, global healthcare cloud computing market share, healthcare cloud computing market segments and geographies, healthcare cloud computing market competitive landscape including leading competitors’ revenues, profiles and market shares. The healthcare cloud computing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Healthcare Cloud Computing Industry Playersinclude IBM, Carestream Health, athenahealth, Siemens Healthineers, GE Healthcare, Cisco Systems Inc., Iron Mountain Inc., Microsoft Corp., Oracle Corp., Care Cloud Corporation, ClearDATA, Dell, Agfa-Gevaert N.V., VMware, Inc., and Allscripts Healthcare Solution Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.