REPORT HIGHLIGHT
The Healthcare Cloud Infrastructure Market size was valued at USD 55,901.8 Million in 2022, expanding at a CAGR of 20.3% from 2023 to 2030.
Healthcare cloud infrastructure refers to the use of cloud computing technologies in the healthcare sector to store, manage, and process data. It enables healthcare organizations to gain access to computational services and storage solutions without having to manage the physical infrastructure. Cloud computing in healthcare frequently benefits patients as well as physicians. Reduced costs, improved privacy, and improved patient care through collaboration and interoperability are just a few of the advantages of using cloud technology in healthcare. Cloud computing in the medical profession is an example of where healthcare providers' commercial objectives and patient outcomes are largely aligned. The widespread adoption of cloud-based data storage solutions in healthcare has created new opportunities for "big data" applications to improve patient outcomes.
Healthcare Cloud Infrastructure Market - Market Dynamics:
- The Adoption of data analytics, wearable devices, and the Internet of things surges the demand for the Healthcare Cloud Infrastructure market
- In healthcare, data analytics is gathering, processing, and analyzing massive volumes of healthcare data in order to gain insights that can enhance patient care, streamline operations, and save costs. Big Data analytics for the healthcare industry could reach USD79.23 billion by 2028, predicted by Incredible Big Data Statistics. IoT in healthcare entails linking medical devices, equipment, and even hospital premises to the internet to enable real-time monitoring and data sharing.
- The latest IoT Analytics State of IoT Spring 2023 report shows that the number of global IoT connections grew by 18% in 2022 to 14.3 billion active IoT endpoints. In 2023, IoT Analytics expects the global number of connected IoT devices to grow another 16%, to 16.7 billion active endpoints. The rising use of data analytics, wearable devices, and IoT in healthcare has raised the demand for healthcare cloud infrastructure. This infrastructure provides the scalability, storage, and processing capabilities required to handle the increasing volume of healthcare data created by these technologies, hence improving patient care and healthcare operations. Furthermore, the rise of telemedicine, particularly in the aftermath of the COVID-19 pandemic, represents a huge opportunity. Cloud infrastructures can help telehealth systems by allowing for smooth data access and real-time communication. However, integrating legacy systems with new cloud-based solutions can be difficult, requiring more resources and effort. It hampers market growth.
Healthcare Cloud Infrastructure Market - Key Insights:
- As per the analysis shared by our research analyst, the global Healthcare Cloud Infrastructure market is estimated to grow annually at a CAGR of around 20.3% over the forecast period (2023-2030)
- Based on Component segmentation, the Service was predicted to show maximum market share in the year 2022
- Based on End-User segmentation, Healthcare Providers were the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Healthcare Cloud Infrastructure Market- Segmentation Analysis:
- The Global Healthcare Cloud Infrastructure Market is segmented on the basis of Component, End-User, and Region.
- The market is divided into two categories based on product type: Hardware and service. The service sector dominates the market. Infrastructure as a Service (IaaS) provides basic infrastructure services such as virtual computers, networking, and storage, with the user in charge of controlling the operating system, applications, and data.
- The market is divided into two categories based on application: Healthcare Providers and Healthcare Payers. Healthcare Providers dominate the market and are likely to maintain their dominance during the forecast period. The use of cloud technology in healthcare has changed the way healthcare providers work. By leveraging the power of the cloud, providers can improve patient outcomes, operational economies, and data security.
Healthcare Cloud Infrastructure Market - Geographical Insights:
Geographically, this market is widespread in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the growth of the Healthcare Cloud Infrastructure Market, due to the growing trend of digitalization of healthcare, the integration of advanced AI/ML algorithms, and cloud deployment of healthcare. With EHR standards and the necessity for interoperable health solutions, there has been a considerable push toward digitalization in the US healthcare sector. According to Digital adoption healthcare statistics in the U.S., Concerns about digital security and privacy were chief issues for digital health enthusiasts in the U.S. About 44% of U.S. consumers strongly agreed in 2021 that they should have the right to approve collecting and using personal health information for purposes beyond their treatment. The Asia Pacific market is expected to grow at the most rapid pace during the forecast period, owing to an increase in the number of innovative start-ups specialized in healthcare cloud infrastructure products and services.
Healthcare Cloud Infrastructure Market- Competitive Landscape:
The healthcare cloud infrastructure market's competitive environment is complex and evolving. Several big IT and cloud service providers are at the forefront, offering specialized healthcare solutions. As healthcare data volumes increase, cloud providers are providing tools to aid in the extraction of insights through analytics and artificial intelligence. Given the sensitivity of healthcare data, industry participants emphasize the implementation of comprehensive security policies and compliance tools to comply with rules such as HIPAA. For Example, on 29 Apr. 2019, Dell Technologies nowadays is unveiling Dell Technologies Cloud, a new set of cloud infrastructure solutions to make hybrid cloud environments simpler to deploy and manage.
Recent Developments:
On March 15, 2022, On Tuesday, Microsoft Corp. announced advancements in cloud technologies for healthcare and life sciences with the general availability of Azure Health Data Services and updates to Microsoft Cloud for Healthcare. Combined with the recent close of its acquisition of Nuance Communications, Microsoft is uniquely positioned to amplify an organization's ability to help others by leveraging trusted AI to address the biggest challenges transforming the future of healthcare for all.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HEALTHCARE CLOUD INFRASTRUCTURE MARKET KEY PLAYERS
- Dell, Inc.
- Hewlett Packard Enterprise Development LP
- Microsoft
- Oracle
- IBM
- Salesforce
- Amazon
GLOBAL HEALTHCARE CLOUD INFRASTRUCTURE MARKET, BY COMPONENT
- Hardware
- Server
- Storage
- Network
- Service
- Software-as-a-service (SaaS)
- Infrastructure-as-a-service (IaaS)
- Platform-as-a-service (PaaS) Payers
GLOBAL HEALTHCARE CLOUD INFRASTRUCTURE MARKET, BY END-USER
- Healthcare Providers
- Hospitals
- Diagnostic & Imaging Centers
- Ambulatory Centers
- Healthcare Payers
- Private Payers
- Public Payers
GLOBAL HEALTHCARE CLOUD INFRASTRUCTURE MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA