Healthcare Cloud Computing Market Poised for Significant Growth, Set to Surpass $110 Billion by 2030 with Advancements in Asia-Pacific Region

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Mar 04, 2024, 21:30 ET

DUBLIN, March 4, 2024 /PRNewswire/ -- The "Global Healthcare Cloud Computing Market by Offering (Solutions, Services), Business Model, Deployment Mode (Public Cloud, Hybrid Cloud, Private Cloud), End User (Healthcare Providers, Healthcare Payers), and Geography - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global healthcare cloud computing market is projected to reach $110.2 billion by 2030, at a CAGR of 17.8s% during the forecast period of 2023-2030.

Key Report Insights

Market Drivers: The escalation of the market is attributed to the increasing demand for personalized medicines and growing integration of analytics and IoT in the healthcare arena.
Market Restraints: Despite the market's robust growth, concerns related to data security and privacy pose considerable challenges.
Growth Opportunities: Innovations in healthcare computing solutions for clinical research and drug development, as well as the integration of blockchain technology for EHR management, present significant growth prospects.
Market Challenges: Stakeholders face hurdles with data migration complexities and stringent regulatory compliance requirements.

Detailed Market Segmentation

The study distinctly categorizes the healthcare cloud computing market into solutions and services. It also delves into various service models, such as software-as-a-service and platform-as-a-service, as well as deployment modes including public, private, and hybrid clouds. Additionally, it examines the end-user segment, identifying healthcare providers and healthcare payers as the primary market components.

In terms of offering, the solutions segment, encompassing clinical and non-clinical information systems along with healthcare operation management solutions, captures the largest market share in 2023. Services, particularly professional and managed services, are expected to witness the highest growth rate due to their critical role in healthcare cloud computing implementation and optimization.

Regional Analysis and High-Growth Sectors

The report delineates the market across various geographical regions. In 2023, North America emerges as the dominant force in the global healthcare cloud computing market, favored by the region's rapid adoption of advanced healthcare technology and the presence of leading market players. On the other hand, the Asia-Pacific region is forecasted to experience the highest CAGR over the predicted period. This surge is driven by increasing healthcare cloud computing solutions, government initiatives, and a burgeoning telemedicine sector.

Key Market Developments

Developments within the healthcare cloud computing market are constantly monitored, with a particular focus on the emergent trends and strategies employed by key industry players to maintain their market presence and expand their reach.

In Conclusion, the global healthcare cloud computing market report is a critical resource for stakeholders, offering a comprehensive view of market dynamics. It addresses various segments and subsegments, providing a granular analysis essential for strategic decision-making. This report stands as an authoritative source for understanding the future landscape of healthcare cloud computing across the globe.

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of offering, service model, deployment mode, and end user?
What is the historical market size for the global healthcare cloud computing market?
What are the market forecasts and estimates for 2023-2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the global healthcare cloud computing market?
Who are the major players in the global healthcare cloud computing market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the global healthcare cloud computing market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global healthcare cloud computing market, and how do they compete with other players?

Market Insights

Factors Affecting Market Growth

Growing Need for Personalized Medicines Driving the Demand for Healthcare Cloud Computing Solutions
Increasing Adoption of Analytics and IoT in the Healthcare Sector Supporting Market Growth
Growing Data Security & Privacy Concerns Limiting the Adoption of Healthcare Cloud Computing Solutions
Increasing Demand for Healthcare Cloud Computing Solutions for Clinical Research & Drug Development Creating Growth Opportunities for Market Players
Growing Use of Blockchain Technology to Manage Electronic Health Records Expected to Boost the Implementation of Healthcare Cloud Computing Solutions
Complexities in Data Migration Hampering the Adoption of Healthcare Cloud Computing Solutions
Stringent Regulatory Compliance Impacting Market Growth

Trends

Wearable Medical Devices
Telehealth and Telemedicine

Vendor Selection Criteria/Factors Influencing Purchase Decisions

Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

Amazon Web Services Inc (U.S.) (a subsidiary of Amazon.com Inc.)
Microsoft Corporation (U.S.)
IBM Corporation (U.S.)
Google LLC (U.S.)
Alibaba Group Holding Limited (China)
Oracle Corporation (U.S.)
IRON MOUNTAIN INCORPORATED (U.S.)
AT&T Inc. (U.S.)
NVIDIA Corporation (U.S.)
GE HealthCare Technologies Inc. (a subsidiary of General Electric Company) (U.S.)
OSP (U.S.)
Zymr Inc. (U.S.)
athenahealth Inc. (U.S.)
eClinicalWorks LLC (U.S.)
e-Zest Solutions Inc. (U.S.)

Healthcare Cloud Computing Market Assessment - By Offering

Solutions

Clinical Information Systems
Electronic Health Record Systems
Laboratory Information System
Telemedicine and Telehealth Platforms
Radiology Information System
Remote Patient Monitoring Systems
Clinical Decision Support Systems
Other Clinical Information Systems

Non-clinical Information Systems

Practice Management Solutions
Revenue Cycle Management Solutions
Supply Chain Management Solutions
Human Resources Management Solutions
Other Non-clinical Information Solutions

Healthcare Operation Management Solutions

Customer Relationship Management Solutions
Claims Management Solutions
Fraud Management Solutions
Network Management Solutions
Other Healthcare Operation Management Solutions

Services

Professional Services
Managed Services

Healthcare Cloud Computing Market Assessment - By Service Model

Software-as-a-Service
Infrastructure-as-a-Service
Business Process-as-a-Service
Platform-as-a-Service

Healthcare Cloud Computing Market Assessment - By Deployment Mode

Public Cloud
Private Cloud
Hybrid Cloud

Healthcare Cloud Computing Market Assessment - By End User

Healthcare Providers
Healthcare Payers

Healthcare Cloud Computing Market Assessment - By Geography

North America
U.S.
Canada
Asia-Pacific
China
Japan
India
Singapore
South Korea
Rest of Asia-Pacific
Europe
U.K.
Germany
Italy
France
Spain
Rest of Europe
Latin America
Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/z4mc5k

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