In the healthcare sector changes in the supply and demand market result in rising consumer adoption for cloud computing and the use of IT driving the Global Healthcare Cloud Computing Market during the forecast period.
JERSEY CITY, N.J., Nov. 1, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Healthcare Cloud Computing Market" By Deployment Type (Private Cloud, Public Cloud and Hybrid), By Service Model (Infrastructure-As-A-Service, Platform-As-A-Service and Software-As-A-Service) and By Geography. According to Verified Market Research, the Global Healthcare Cloud Computing Market size was valued at USD 7.72 Billion in 2020 and is projected to reach USD 24.55 Billion by 2028, growing at a CAGR of 15.25% from 2021 to 2028.
The growing trend for digitalization in the healthcare sector has significantly benefited the market. Cloud resources have enabled the healthcare sector to achieve more in shorter time frames and at a lower cost than other resources. Moreover, researchers have gained a huge profit using cloud computing technology, therefore raising its demand in the healthcare industry. However, privacy concern and data security are the major factors will hinder the growth of the market during the forecast period.
The demand for healthcare cloud computing is increasing owing to an ageing population, the increasing prevalence of chronic diseases and comorbidities. The economic benefits of cloud computing include cost flexibility and which helps to reduced costs and avoids heavy capital expenditure. Furthermore, increasing government initiatives in healthcare services, technological advances in the healthcare industry, growing population boosting the growth of the Healthcare Cloud Computing Market during the forecast period. However, the biggest restraint of cloud computing in the healthcare sector is data loss. It is potentially surrounded by data breach risks which can raise privacy concerns amongst patients.
Key players are adopting new growth strategies such as new product launches, product innovation in order to gain market share in the Healthcare Cloud Computing Market. For instance, in 2020, Allscripts and Microsoft extended their partnership for five years in the healthcare sector. This extension will help to expand its business in terms of the development and delivery of cloud-based health IT solutions.
In 2019, IBM acquired Red Hat to expand its business in the hybrid cloud. The acquisition will help IBM to deliver the next-generation hybrid multi-cloud platform in the market.
The major players in the market are Eclinicalworks, Sectra AB, Carestream Health, Inc., Carecloud Corporation, Allscripts Healthcare Solutions, Inc., Nextgen Healthcare, Inc., Siemens Healthineers AG, Athenahealth, Inc.
Verified Market Research has segmented the Global Healthcare Cloud Computing Market On the basis of Deployment Type, Service Model, and Geography.
Healthcare Cloud Computing Market, By Deployment Type
Healthcare Cloud Computing Market, By Service Model
Healthcare Cloud Computing Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Browse Related Reports:
Hyperscale Data Center Market By Component (Solution, Service), By End-User (Cloud providers, Colocation providers, Enterprises), By Industry (IT and telecom, Research and academics, Government and defense, Retail), By Geography, Forecast, 2021-2028
Microservices In Healthcare Market By Delivery Model (Cloud-Based Models and On-Premise Models), By Component (Services and Platforms), By Application (Healthcare Payers, Healthcare Providers, Clinical Laboratories and Life science Organizations), By Geography, Forecast, 2021-2028
Cloud Identity Access Management Market By Service (Multi-Factor Authentication, Password Management, Directory Services), By End-User Industry (Healthcare, Media & Entertainment, Retail), By Geography, Forecast, 2021-2028
Machine Learning Market By Deployment Model (Cloud-based, On-premise), By Services (Managed Service Professional Services), By Organization Size (Large Companies, Small and Medium Businesses), By Vertical (BFSI, Healthcare and Life Sciences, Retail, Telecommunications, Government and Defense, Manufacturing, Energy and Utilities), By Geography, Forecast, 2021-2028
Visualize Healthcare Cloud Computing Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.