Global Healthcare Cloud Computing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Healthcare Cloud Computing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global healthcare cloud computing market report has been segmented on the basis of component, deployment model, application, end user, and region.
Global Healthcare Cloud Computing Market: Overview
Cloud computing boasts several attractive benefits for businesses and end users. There are several benefits of cloud computing in healthcare sector. On-demand cloud computing and storage reduces operational costs for healthcare providers, such as hospitals and clinics. Cloud also help to support heavy data of health IT technologies such as electronic medical records, patient portals, mobile apps, medical devices with IoT technology, that is expected to improve decision support systems, and therapeutic strategies.
Global Healthcare Cloud Computing Market: Dynamics
Rising adoption of IoT devices in healthcare, coupled with increasing use for various smart wearable devices among patients in order to keep track on health are some major factors expected to drive growth of the global market. In addition, increasing penetration of high speed internet and introduction of novel payment models in order to facilitate healthcare services are among other factors expected to further support growth of the global market to certain extent.
Moreover, increasing adoption of cloud services from hospitals and clinics, owing to multiple benefits, such as flexibility, better storage, and data scalability which helps in ease in data sharing and manage workflow. This is another factor expected to further boost growth of the global market. In addition, increasing government expenditure of development of healthcare infrastructure and approach towards establishment of stringent regulatory compliance are some other factors expected to support growth of the target market
However, issues related to data breaches and data privacy are major factor expected to hamper growth of the global market. In addition, lack of infrastructure and problems associated to data portability are some other factors expected to challenge growth of the global market to certain extent.
Increasing government expenditure by developing countries on development of healthcare infrastructure and rising investment by major players for technological advancement and providing flawless services are some other factor expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Healthcare Cloud Computing Market: Region Analysis
The market in North America is expected to dominate in the global market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to well-developed IT infrastructure, high adoption of IoT in healthcare, and presence of major service providers operating in countries in this region. In addition, increasing merger and acquisition activities between regional and international players is expected to further support growth of the target market in this region to certain extent.
The market in Asia Pacific is expected to witness faster growth, owing to increasing government expenditure on development of healthcare infrastructure, high penetration of internet, and increasing use of smart wearable devices.
The market in Latin America is expected to witness moderate growth over the forecast period. The growth can be attributed to increasing presence of major manufacturers, coupled with increasing government spending on healthcare sector.
Global Healthcare Cloud Computing Market Segmentation
Segmentation by component:
Segmentation by deployment model:
- Private cloud
- Hybrid cloud
- Public cloud
Segmentation by application:
- Clinical Information Systems
- Nonclinical Information Systems
Segmentation by end user:
- Healthcare Providers
- Healthcare Payers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- CareCloud Corporation
- ClearData Networks Inc.
- athenahealth, Inc.
- Cerner Corporation
- Epic Systems Corporation
- NextGen Healthcare Information Systems, LLC
- Carestream Health, Inc.
- Dell Inc.
- DICOM Grid Inc.
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