Healthcare Cloud Computing Market Report: Trends, Forecast and Competitive Analysis to 2030

Healthcare Cloud Computing Trends and Forecast

The future of the global healthcare cloud computing market looks promising with opportunities in the healthcare providers, and healthcare payers markets. The global healthcare cloud computing market is expected to reach an estimated $94.5 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are growing adoption of big data analytics, wearable devices, and IoT, rising cloud deployment in healthcare industry, and surge in aging population.

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Healthcare Cloud Computing by Segment

The study includes a forecast for the global healthcare cloud computing by product, deployment model, service model, end use, and region

Healthcare Cloud Computing Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare Provider Solutions
• Healthcare Payer Solutions

Healthcare Cloud Computing Market by Deployment Model [Shipment Analysis by Value from 2018 to 2030]:

• Private Cloud
• Hybrid Cloud
• Public Cloud

Healthcare Cloud Computing Market by Service Model [Shipment Analysis by Value from 2018 to 2030]:

• Software-as-a-Service
• Platform-as-a-Service
• Infrastructure-as-a-Service

Healthcare Cloud Computing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare Providers
• Healthcare Payers

Healthcare Cloud Computing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Healthcare Cloud Computing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies healthcare cloud computing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the healthcare cloud computing companies profiled in this report include-

• CareCloud
• eClinicalWorks
• International Business Machines
• NTT DATA
• Siemens Healthineers
• Microsoft Corporation
• Athenahealth
• Allscripts Healthcare Solutions
• Koninklijke Philips N.V.
• Amazon Web Services

Healthcare Cloud Computing Market Insights

Lucintel forecasts that software-as-a-service will remain the largest segment over the forecast period as it ensures enhanced security and limited up-front capital expenses associated with the SaaS model.

Within this market, healthcare providers will remain the larger segment due to increasing adoption of several healthcare IT solutions owing to COVID-19 along with rising technological advancements in health IT.

North America will remain the largest segment over the forecast period due to on-going technological advancements, HER incentive programs by medicaid & medicare, and rising healthcare expenditure in the region

Features of the Global Healthcare Cloud Computing Market

Market Size Estimates: Healthcare cloud computing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Healthcare cloud computing market by various segments, such as by product, deployment model, service model, end use and region in terms of($B).

Regional Analysis: Healthcare cloud computing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, deployment models, service models, end uses, and regions for the healthcare cloud computing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the healthcare cloud computing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the healthcare cloud computing market size?

Answer: The global healthcare cloud computing market is expected to reach an estimated $94.5 billion by 2030.

Q.2 What is the growth forecast for healthcare cloud computing market?

Answer: The global healthcare cloud computing market is expected to grow with a CAGR of 14.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the healthcare cloud computing market?

Answer: The major drivers for this market are growing adoption of big data analytics, wearable devices, and IoT, rising cloud deployment in healthcare industry, and surge in aging population.

Q4. What are the major segments for healthcare cloud computing market?

Answer: The future of the healthcare cloud computing market looks promising with opportunities in the healthcare providers, and healthcare payers markets.

Q5. Who are the key healthcare cloud computing market companies?

Answer: Some of the key healthcare cloud computing companies are as follows:

• CareCloud
• eClinicalWorks
• International Business Machines
• NTT DATA
• Siemens Healthineers
• Microsoft Corporation
• Athenahealth
• Allscripts Healthcare Solutions
• Koninklijke Philips N.V.
• Amazon Web Services

Q6. Which healthcare cloud computing market segment will be the largest in future?

Answer: Lucintel forecasts that software-as-a-service will remain the largest segment over the forecast period as it ensures enhanced security and limited up-front capital expenses associated with the SaaS model.

Q7. In healthcare cloud computing market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest segment over the forecast period due to on-going technological advancements, HER incentive programs by medicaid & medicare, and rising healthcare expenditure in the region

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the healthcare cloud computing market by product (healthcare provider solutions and healthcare payer solutions), deployment model (private cloud, hybrid cloud, and public cloud), service model (software-as-a-service, platform-as-a-service, and infrastructure-as-a-service), end use (healthcare providers and healthcare payers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?