Healthcare Cloud Computing Market Trends – Rapid Adoption of Advanced Healthcare IT Solutions Amid the COVID-19 Pandemic
Rapid transition to cloud-based systems in healthcare sector, increasing use of EHRs, IoT-enable devices, and mobile medical apps, and rising collaborations between clinicians and healthcare providers to improve patient outcomes are some key factors expected to drive market growth
According to Emergen Research, the global healthcare cloud computing market size was USD 25.90 billion in 2019 and is expected to reach USD 90.46 billion in 2027 and is expected to register a revenue CAGR of 17.9% during the forecast period, 2020-2027.
Market Dynamics:
Cloud computing in healthcare refers to the implementation of remote servers that can be accessed through the internet to store, manage, and process healthcare related data. Cloud computing facilitates healthcare technologies such as electronic medical records, patient portals, mobile apps, IoT-enabled healthcare devices, and big data analytics. Cloud computing enables clinicians and healthcare providers to collaborate and enhance healthcare outcomes for patients.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/425
Increasing integration of EHRs and healthcare information exchange (HIE) systems, rising application of IoT-enabled devices for patient monitoring, and rapid shift of healthcare organizations to cloud-based infrastructure are key factors expected to drive market revenue growth over the forecast period. In addition, cloud computing can improve efficiency of healthcare organizations, reduce operational and management costs, provide timely access to crucial patient data across organizations, and promote patient engagement and these are some other factors expected to contribute to revenue growth of the market going ahead.
Healthcare cloud computing offers enhanced privacy, lowers costs, and enables doctors to offer better patient care through efficient remote operation and collaboration. Amid the coronavirus pandemic, healthcare organizations and global healthcare system increasingly relied on the application of cloud computing and this accelerated the shift to cloud-based solutions. Cloud storage is feasible and convenient for the healthcare professionals and institutions as they can use secure and safe online servers to store and process a massive amount of crucial patient data. The advent of electronic health records and emergence of telemedicine have further boosted integration of cloud computing in healthcare sector.
Cloud-based apps and systems help sharing of healthcare data, offer health insurance to patients during treatment and recovery, and enable patients to connect with doctors through virtual visits, video conferencing, and telemedicine. Integration of cloud computing in healthcare also enabled enhanced collaboration as it facilitates creation of electronic medical records which in turn reduce the need for patients to carry individual medical records while visiting doctors. Cloud computing enhanced interoperability in healthcare sector and makes crucial patient data available and accessible for flexible distribution to ensure effectively and timely treatments. However, increasing susceptibility of cloud-based solutions to cyberattacks, increasing incidence of data loss and theft, and vulnerabilities in healthcare technology are some factors that can hamper market growth to a certain extent going ahead.
Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/425
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Private Cloud Segment to Account for Largest Revenue Share:
Private cloud segment is expected to account for largest revenue share over the forecast period attributable to increasing adoption of private cloud by healthcare providers owing to its numerous benefits such as cost efficiency, enhanced security and privacy, compliance, low initial investment, and no maintenance costs. Private cloud is best suited for organizations that deal with sensitive data and need robust control and security over their IT and underlying infrastructure. In addition, private cloud infrastructure offers flexibility, scalability, ease of service, and security and control over the entire network and these are some other factors expected to boost adoption of private cloud and drive revenue growth of the segment going ahead.
Software-as-a-Service Segment to Dominate Other Service Segments:
Software-as-a-Service (SaaS) segment is expected to dominate other service segments in terms of revenue growth over the forecast period attributable to increasing benefits such as scalability, multi-tenant efficiency, and centralized management. SaaS enables healthcare professionals and organization to access information from anywhere, at any time and facilitate communication between doctors to consult for patients’ case from remote locations. SaaS applications in healthcare includes clinical information such as PACS, EHRs, and telehealth and non-clinical information systems such as supply chain, billing, among others. SaaS requires no upfront hardware costs and have flexible payment methods such as pay-as-you-go and these are some other factors expected to contribute to revenue growth of the segment going ahead.
North America to Lead in Terms of Revenue Share:
North America is expected to account for a significantly large revenue share in the global market over the forecast period attributable to increasing adoption of cloud computing in the healthcare sector, growing awareness regarding benefits of cloud computing, rapid integration of advanced technologies such as electronic health records, big data analytics, and disaster recovery, and presence of key players in the region.
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/healthcare-cloud-computing-market
Major Companies in the Market Include:
- Koninklijke Philips NV
- Microsoft Corporation
- Cisco Systems Inc.
- Infosys Limited
- Omnicell, Inc.
- CitiusTech Inc.
- Salesforce.com, Inc.
- Sectra AB
- Allscripts Healthcare Solutions, Inc.
- International Business Machines Corporation (IBM)
For the purpose of this report, Emergen Research has segmented the global healthcare cloud computing market on the basis of cloud type, service, application, price model, end-user, and region:
Cloud Type Outlook (Revenue, USD Billion; 2017–2027)
- Hybrid Cloud
- Private Cloud
- Public Cloud
Service Outlook (Revenue, USD Billion; 2017–2027)
- Platform-as-a-Service
- Infrastructure-as-a-Service
- Software-as-a-Service
Application Outlook (Revenue, USD Billion; 2017–2027)
- Non-clinical Information Systems
- Clinical Information Systems
Price Model Outlook (Revenue, USD Billion; 2017–2027)
- Pay-as-you-go
- Spot Pricing
End-user Outlook (Revenue, USD Billion; 2017–2027)
- Healthcare Payers
- Healthcare Providers
For Free Historical Data and Table of Content@ https://www.emergenresearch.com/request-history/425
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Make an Inquiry Related to any queries@ https://www.emergenresearch.com/purchase-enquiry/425
Read Latest Blog articles Published by Emergen Research:
Top 10 Companies In Silicon Photonics Market
A Paradigm Shift to Personalized Medicine in Cancer Therapy and Advancements in Drug Development Programs to Drive Companion Diagnostics Market Growth
Top 10 Leading Companies in the Battery Recycling Market
Top 10 Leading Companies in the Artificial Organs Industry
Advancements in Delivery of Radiotherapy and Rising Need to Improve Cancer Management to Fuel Growth of Radiotherapy Market
Paradigm Shift Towards Sustainable Food Production and Healthy Eating Trends to Drive Plant-based Proteins Market Growth
Top 10 Companies Providing Molecular Diagnostics Tools and Technologies to Improve Disease Management and Therapy
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Our Media Citations: https://www.emergenresearch.com/media-citations
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Our Press release@ https://www.emergenresearch.com/press-release/global-healthcare-cloud-computing-market