PUBLISHER: Orion Market Research | PRODUCT CODE: 1078015
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078015
Global Healthcare Cloud Computing Market Size, Share & Trends Analysis Report by Application (Clinical Information Systems and Nonclinical Information Systems.), by Deployment Type (Private Cloud, Public Cloud,and Hybrid Cloud), andby End-Users (Healthcare Providers andHealthcare Payers) Forecast Period (2022-2028)
The global healthcare cloud computing market is anticipated to grow at a CAGR of 22% during the forecast period. Increased access to advanced technologies, such as machine learning, the rise in the use of information technology in the healthcare sector, and the use of the cloud for cost reduction, scalability, storage, and flexibility are all driving the growth of the healthcare cloud computing market. To manage, store, and analyze data, cloud computing makes use of remote servers that are housed on the internet. As cloud computing does not require a local server, infrastructure expenses are considerably reduced. In addition to the one-time setup cost, cloud-based architectures provide lower maintenance costs. During the COVID-19 epidemic, when there was a shortage of healthcare staff, large lockdowns, and a lack of coordination between healthcare services, the benefits of cloud computing were felt.
The global healthcare cloud computing market is segmented based on application, deployment type, and end-user. Based on application, the market is segmented into clinical information systems and nonclinical information systems. Based on clinical information systems, the market is segmented into Electronic Health Records (EHR), Picture Archiving and Communication Systems (PACS), Radiology Information Systems (RIS), Computerized Physician Order Entry (CPOE), and other applications. Based on nonclinical information systems, the market is segmented into Revenue Cycle Management (RCM), Automatic Patient Billing (APB), payroll management systems, and other non-clinical information systems. Based on deployment type, the market is segmented into private cloud, public cloud, and hybrid cloud. Based on end-user, the market is segmented into healthcare providers and healthcare payers.
Geographically, the global healthcare cloud computing market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, France, Spain, Germany, and the Rest of Europe), Asia-Pacific (India, Japan, China, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America is anticipated to hold a prominent share in the market due to the wide adoption of cloud computing in the healthcare domain. North America has a significant contribution to the growth of the healthcare cloud computing market followed by Europe due to the huge demand and adoption of healthcare cloud services across the region.
The key players operating in the global healthcare cloud computing market include Dell Inc., IBM Corp., AT&T Inc., and Cisco Systems INC. among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, geographical expansion, collaborations, and new product launches, to stay competitive in the market. For instance, MetaCell, a life sciences software business, launched "MetaCell Cloud Hosting" in September 2021, which delivers superior cloud computing solutions specifically built for life science and healthcare organizations to accelerate research and innovation.
Research Methodology
The market study of the globalhealthcare cloud computing market is incorporated by extensive primary and secondary research conducted by the research team at OMR.Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, andintended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Healthcare Information Technology