Healthcare Cloud Computing Market Overview
Global Healthcare Cloud Computing Market is finding the scope for growth increasing with the hike in cloud computing in various small, medium, and large healthcare setups across the world. The digital data in healthcare centers is multiplying in terms of its impact as the transformations in several sectors like payment modes, surge in patient pool, etc. are providing ample growth to the market. The technological advancement taking place in myriad sectors, better healthcare expenditure and others are propelling the market growth.
The global market for healthcare cloud computing is expecting growth from factors like the deployment of cloud computing and implementation of various analytical tools that would significantly trigger operational efficiency. Market Research Future (MRFR) makes a prediction that this market can enjoy substantial growth with remarkable CAGR in between 2018 and 2023, which they have decided as the forecast period. Among other major factors, the hike in the integration of Internet of Things (IoT) can provide opportunities for a seamless integration of the method. The procedure has to be cost-effective and provide scope to various other opportunities where cloud-based healthcare services would get ample scope to play.
However, threat regarding the leakage of data can be taken into consideration for a better market analysis as that can bog down the growth.
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Competitive Analysis
Players getting involved in the transformation of the global market are
- International Business Machines (IBM) Corporation,
- CareCloud Corporation,
- Carestream Corporation,
- Agfa-Gevaert N.V.,
- Cerner Corporation,
- Merge Healthcare Inc.,
- Microsoft Corporation,
- Oracle Corporation,
- Nuance Communications,
- ClearData Networks Inc.,
- Dell Inc.,
- GE Healthcare,
- Sectra AB,
- Athenahealth Inc.,
- NextGen Healthcare,
- Siemens Healthineers
In October 2019, Suki, a company known for its voice-enabled digital assistance powered with artificial intelligence, announced that they have plans to collaborate with Google Cloud and provide support to the healthcare sector.
Segments
The global market for Healthcare Cloud Computing can be segmented by application, deployment, and end user that would provide ample scope for the growth. These segments do carry information regarding various influencers that can take the market forward.
By applications, the global market for healthcare cloud computing can be segmented into Non-clinical information system (NCIS), and Clinical information system (CIS).
By Deployment, the global market for Healthcare Cloud Computing includes Public cloud, Private cloud, and Hybrid cloud. The hybrid cloud segment is expecting remarkable traction for its easy percolation across industries.
By end-user, the global market for Healthcare Cloud Computing can be segmented into Healthcare Providers and Healthcare Players.
By service, the global market for Healthcare Cloud Computing can be segmented into Software-as-a-service (SaaS), Infrastructure-as-a-service (IaaS), and Platform-as-a-service (PaaS). The SaaS segment is on the track of high growth.
Regional Analysis
North America has the better chance for growth in the global market for Healthcare Cloud Computing as the infrastructural setup is expected to trigger high growth in the coming years. The regional players are expecting traction from high integration of IT and IoT in the sector. Players are going to capitalize on these provisions as they have the structural scope to optimize the potential. The presence of a large number of players can have a robust impact on the market outcome. The well-developed infrastructure can also be regarded as a major impetus-provider.
Europe’s growth in the healthcare cloud computing market would follow the trail set by North America. The region is regaining from the recent economic slump and is holding substantial promise for the market. Several players are also operating from the region owing to which the healthcare sector can witness promising growth.
The Asia Pacific market for healthcare cloud computing can witness significant growth in the coming years. Various emerging economies like India, China, Australia, and others can project high intake of the technology as their revamping setups are expected to provide scope for expansion.
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