Healthcare Cloud Computing Market Forecasts 2020| North America To Account For Lion’s Share By 2025
The Global Healthcare Cloud Computing Market was valued at USD 3.92 billion in 2016 and is projected to reach USD 18.89 billion by 2025, growing at a CAGR of 19.1% from 2017 to 2025.
Global Healthcare Cloud Computing Market
Healthcare Cloud Computing Market is service used for the maintaining, storing, and backing up of the health information by the healthcare providers. Cloud computing allows enterprises and users with computing capabilities for process and storage of data either in the privately owned cloud or third-party server in the data centre. Cloud computing service enhance the real-time data collection and increase the accessibility to data. Healthcare cloud computing is commonly used in remote patient monitoring.
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Increase in the spending on healthcare IT by the governments, technological advancements in cloud computing services, rise in preference for the better healthcare facilities, growing wireless and cloud technologies are driving the healthcare cloud computing market revenue growth. Moreover, cost-efficiency of the cloud technology, a rise in adoption of information technology by the healthcare providers, and favourable government regulations expected to propel the healthcare cloud computing market over the forecast period. However, security problems in data storage, lack of industry standards and interoperability, and lack of skilled professionals expected to impede the Healthcare Cloud Computing Market growth revenue growth over the forecast period.
Healthcare cloud computing market segmented based on product type, deployment model, application, service model, and end user
Based on the product type, Healthcare Cloud Computing Market is segmented into the following:
Based on the deployment model, healthcare cloud computing market is segmented into the following:
Based on the application, healthcare cloud computing market is segmented into the following:
Clinical information systems
Non-clinical information systems
Based on the service model, healthcare cloud computing market is segmented into the following:
Based on the end user, healthcare cloud computing market is segmented into the following:
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Healthcare cloud computing market is growing at a significant CAGR owing to increase in the adoption of technology by healthcare providers. Increase in the expenditure on healthcare IT by public and private sectors helps to provide better healthcare facilities and which are anticipated to the drive market growth over the forecast period. Acquisitions and mergers, collaborations are the strategies followed by the companies for increasing their revenue. For instance, in October 2015, Roper Technologies acquired the CliniSys and Atlas Medical for expanding the portfolio. Moreover, In April 2015, ClearData launched a healthcare managed cloud which runs on the Amazon Web Services.
Geographically, healthcare cloud computing market is segmented into North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Mature IT industry and presence of developed healthcare infrastructure in North America region are expected to drive healthcare cloud computing market over the forecast period. Europe holds a major share in the global market, which is attributed to rising in the adoption of healthcare cloud computing technologies, innovation of novel techniques, an increase in the preference of quality healthcare services are anticipated to propel the healthcare cloud computing market in the region. Moreover, Asia Pacific region exhibiting significant growth owing to rapidly developing healthcare infrastructure, a rise in medical tourism in Asia Pacific region, digitalization of healthcare services, an increase in the awareness expected to propel the healthcare cloud computing market in the region.
Some of the players in Healthcare cloud computing market are GNAX Health (U.S.), CareCloud Corporation (U.S.), Athenahealth, Inc. (U.S.), Iron Mountain, Inc. (U.S.), ClearData Networks, Inc. (U.S.), IBM Corporation (U.S.), Nextgen Healthcare Information Systems (QSI Management, LLC) (U.S.), Carestream Health (U.S.), VMware, Inc. (U.S.), Merge Healthcare, Inc. (U.S.), and Roper Technologies, Inc. (U.S.) to name a few.
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