
Healthcare Cloud Computing Market
Healthcare Cloud Computing Market Global Industry Assessment & Forecast
Segments Covered
By Product Healthcare Provider Solutions, Healthcare Payer Solutions
By Deployment Private Cloud, Hybrid Cloud, Public Cloud
By Component Services, Software
By Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS)Payers
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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32.44 Billion |
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128.19 Billion |
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18.74% |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The
global Healthcare Cloud Computing market was valued at USD 32.44 Billion in 2020 and is
projected to reach USD 128.19 Billion by 2028, growing at a CAGR of 18.74% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 128.19 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 18.74% |
Definition and Overview
Cloud computing in healthcare is the practice of implementing remote servers accessed via the internet to manage, store, and process healthcare-related data. This is in contrast to establishing an on-site data center with servers, or hosting the data on a personal computer.
The
global Healthcare Cloud Computing market is segmented based on by Product, Deployment,
regions, and countries. The regional segmentation provides current and forecast
demand across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. All the segments have been analyzed on the basis of present
and future trends. Rising demand for Healthcare Cloud Computing in various countries such as the U.S.,
Germany, China, India, and Japan, among others is likely to support the growth
of the market. Numerous companies are focusing on investing heavily in this
application to cater the end user requirements effectively. The report provides
comprehensive analysis of the market based on drivers, restraints,
opportunities, trends, competition, and industry-authenticated data. The market
is estimated from 2016 to 2020 with forecast from 2021 to 2028.
Global Healthcare Cloud Computing Market: COVID-19 Impact Analysis
The
COVID-19 pandemic is affecting industries worldwide and the global economy took
hit in 2020 and likely in 2021 as well. The outbreak created disruptions in
industries such as semiconductor, consumer electronics, travel, and automotive,
among others. Impact of COVID-19 on the market demand is considered while
estimating the current and forecast market size and growth trends for all the
regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
The increasing adoption of big data analytics, wearable devices, and IoT in healthcare and increasing cloud deployment in the healthcare industry is anticipated to augment the growth of the healthcare cloud computing market during the forecast period. Furthermore, proliferation of new payment models and cost-efficiency of the cloud along with dynamic nature of health benefit plan designs is also expected to support the market growth.
The emergence of the telecloud and use of blockchain in the health cloud is further likely to support the growth of the market in near future.
The data security and privacy concerns along with complex regulations governing cloud data centers are expected to limit the growth of the healthcare cloud computing market during the forecast period.
Global Healthcare Cloud Computing Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Deployment, Component |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | IBM, Carestream Health, athenahealth, Hyland Software, Siemens Healthineers, eClinicalWorks, Koninklijke Philips NV, Allscripts Healthcare Solutions, Fujifilm Holdings, GE Healthcare. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Product Analysis: Preview On the basis of Product,
the market is segmented into Healthcare Provider Solutions, Healthcare Payer Solutions. Healthcare Provider Solutions held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Healthcare Provider Solutions
in emerging economies in Asia Pacific region. Deployment
Analysis: Preview
Based on Deployment,
the market is segmented into Private Cloud, Hybrid Cloud, Public Cloud. Hybrid Cloud accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Healthcare Cloud Computing Market: Product Segment Analysis
-
- Healthcare Provider Solutions
- Healthcare Payer Solutions
Global Healthcare Cloud Computing Market: Deployment Segment Analysis
-
- Private Cloud
- Hybrid Cloud
- Public Cloud
Global Healthcare Cloud Computing Market: Component Segment Analysis
-
- Services
- Software
Global Healthcare Cloud Computing Market: Segment Analysis
-
- Software-as-a-Service (SaaS)
- Infrastructure-as-a-Service (IaaS)
- Platform-as-a-Service (PaaS)Payers
Regional Analysis Preview
On the basis of region, the global Healthcare Cloud Computing market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Healthcare Cloud Computing market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market.
Market Size, 2021 (USD Billion)
Global Healthcare Cloud Computing Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Healthcare Cloud Computing market are IBM, Carestream Health, athenahealth, Hyland Software, Siemens Healthineers, eClinicalWorks, Koninklijke Philips NV, Allscripts Healthcare Solutions, Fujifilm Holdings, GE Healthcare.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
FAQ
Frequently Asked Question
What is the global demand for Healthcare Cloud Computing in terms of revenue?
-
The global Healthcare Cloud Computing valued at 32.44 Billion in 2020 and is expected to reach 128.19 Billion in 2028 growing at a CAGR of 18.74%%.
Which are the prominent players in the market?
-
The prominent players in the market are IBM, Carestream Health, athenahealth, Hyland Software, Siemens Healthineers, eClinicalWorks, Koninklijke Philips NV, Allscripts Healthcare Solutions, Fujifilm Holdings, GE Healthcare..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 18.74%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Healthcare Cloud Computing include
- The increasing adoption of big data analytics, wearable devices, and IoT in healthcare and increasing cloud deployment in the healthcare industry is anticipated to augment the growth of the healthcare cloud computing market during the forecast period. Furthermore, proliferation of new payment models and cost-efficiency of the cloud along with dynamic nature of health benefit plan designs is also expected to support the market growth.
- The emergence of the telecloud and use of blockchain in the health cloud is further likely to support the growth of the market in near future.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Healthcare Cloud Computing in 2020.