CHICAGO, Sept. 25, 2020 /PRNewswire/ -- According to the new market research report "Healthcare Cloud Computing Market by Product (EMR/EHR, Telehealth, RCM, HIE, CRM), Deployment (Private Cloud, Hybrid Cloud), Component (Software, Services), Pricing (Pay-as-you-go, Spot Pricing), Service (SaaS, IaaS) - Analysis & Global Forecasts to 2025", published by MarketsandMarkets™, the global Healthcare Cloud Computing Market is expected to reach USD 64.7 billion by 2025 from USD 28.1 billion in 2020, at a CAGR of 18.1%.
Browse and in-depth TOC on "Healthcare Cloud Computing Market"
239 - Tables
46 - Figures
262 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=347
The increasing adoption of big data analytics, wearable devices, and IoT in healthcare and the advantages of cloud usage, such as improved storage, flexibility, and scalability of data, technological advancements in healthcare infrastructure, and increasing cloud deployments in the healthcare industry are the key drivers of the market growth. Rising patient population worldwide and subsequent increase in the burden on healthcare systems will further upsurge the demand for healthcare cloud computing solutions.
The Healthcare Cloud Computing Market includes Tier I and II vendors like IBM, athenahealth, Siemens Healthineers, and Allscripts among others. The companies have a large market spread across various countries in North America, Europe, Asia Pacific and Rest of the World. The global COVID-19 outbreak has positively impacted the business to a certain extent. Companies are opting for cloud computing infrastructure to achieve higher operational efficiency, leading to shorter waiting times and enhanced patient access, especially in these times of pandemic. Cloud services help to eliminate the inconvenience of remote working and allows communication, collaboration, and monitoring of work while ensuring employee safety.
Healthcare provider solutions segment is anticipated to be the fastest growing segment during the forecast period
The Healthcare Cloud Computing Market is segmented into healthcare provider solutions and healthcare payer solutions, based on the product. The healthcare provider solutions segment is estimated to command the largest share of the market in 2020, and is projected to register the highest CAGR during the forecast period. Increasing adoption of clinical as well as non-clinical information systems among the healthcare providers to meet the changing regulatory standards, gaining data control, and managing costs while delivering higher customer satisfaction and service quality is expected to boost the segment growth during the forecast period.
Hybrid cloud deployment model is projected to grow at the highest CAGR during the forecast period
The healthcare cloud computing deployment model is broadly segmented into private cloud, public cloud and hybrid cloud. The hybrid cloud deployment model is expected to show high growth rate during the forecast period owing to its benefits such as multiple environments offering flexibility and ability to avoid vendor lock-in. Hybrid cloud models allow organizations to choose a combination of services among the available cloud services to provide the complete range of IT services needed by healthcare providers.
Services component, owing to its increasing demand, is expected to occupy the largest market share in 2020
The Healthcare Cloud Computing Market is segmented on the basis of component into software and services. The services component is expected to hold the largest share of the market in 2020 owing to the increasing reliance of HCIT industry on service providers for consulting, storage, implementation, training, maintenance, and regular technology upgrades. The demand for services is expected to grow rapidly in the coming years due to the introduction of complex software and the need to ensure the integration and interoperability of software, which requires extensive training and upgrades.
Get 10% Customization Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=347
The Asia Pacific Healthcare Cloud Computing Market to grow at the highest CAGR during the forecast period
While North America is expected to dominate the global market in 2020, followed by Europe, the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high regional growth is attributed to the various initiatives undertaken in the APAC countries to implement new policies and to rework existing policies with public and private healthcare organizations to digitalize healthcare and increase operational efficiency. The technological revolution is thus expected to boost the Healthcare Cloud Computing Market growth in this region.
The major players operating in the Healthcare Cloud Computing Market include IBM (US), CareCloud Corporation (US), athenahealth (US), Hyland Software (US), Siemens Healthineers (Germany), eClinicalWorks (US), Koninklijke Philips NV (Netherlands), NTT DATA (Japan), Allscripts Healthcare Solutions (US), Fujifilm Holdings (Japan), GE Healthcare (US), Dell Technologies (US) and EnSoftek (US).
Browse Adjacent Markets @ Healthcare IT Market Research Reports & Consulting
Get Special Pricing on Bundle Reports:
Browse Related Reports:
Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health Management, Supply Chain Management, CRM, Fraud Management, Claims Management) End User (Provider, Payer) - Global Forecast to 2024
eHealth Market by Product (EHR, PACS & VNA, RIS, LIS, CVIS, Telehealth, eRx, HIE, Patient Portal, Medical Apps), Services (Remote Patient Monitoring, Diagnostic Services) End User (Hospitals, Home Healthcare, Payers, Pharmacy) - Global Forecast to 2023
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/cloud-computing-healthcare-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/cloud-computing-healthcare.asp