The Healthcare Cloud Computing Market report covers historical market trends, market dynamics, forecast, and market factor analysis which includes Porter’s five forces analysis and supply chain of the market. It also encompasses an exhaustive analysis of key player’s market share, market value by region as well as by segmentation, and country-level analysis for each market segment.
Segments for Global Healthcare Cloud Computing Market
The global healthcare cloud computing market has been segmented on the basis of applications, deployment, services, and end-user. Based on applications, the global healthcare cloud computing market has been segmented into non-clinical information system (NCIS) and clinical information system (CIS). Among these, the clinical information system (CIS) segment commands for the major share in the global healthcare cloud computing market owing to the increased volume of patient data as a result of high prevalence of chronic diseases and rise in geriatric population. Based on deployment, the global healthcare cloud computing market has been segmented into private cloud, public cloud, and hybrid cloud. The private cloud segment is projected to account for the major share in the global healthcare cloud computing market owing to the higher adoption of this service due to its better security. Based on service, the global healthcare cloud computing market has been segmented into infrastructure-as-a-service (IaaS), software-as-a-service (SaaS), and platform-as-a-service (PaaS).
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Healthcare Cloud Computing Market – Outlook
Market Research Future (MRFR)’s study reveals that the global healthcare computing market is projected to burgeon exponentially over the next couple of years. The volume of digital data managed by healthcare centers has multiplied over the years owing to changes in payment modes, increasing patient pool, etc. The technological advancements and increasing healthcare expenditure have further catalyzed the growth of the volume of information to be saved and managed. This, in turn, has intensified the need for the deployment of cloud computing and cutting-edge analytical tools for enhanced operational efficiency.
The increasing adoption of Internet of Things (IoT) has accelerated the integration of cloud computing in the healthcare sector. Cloud computing enables healthcare organizations to achieve economies of scale, minimize IT infrastructure costs, and increase scalability which is likely to expedite the revenue creation for the key vendors.
The market resonates strong growth opportunities at present and is expected to remain highly lucrative in the foreseeable future. The competitive landscape represents intense competition and is favorable for the entry of new vendors. The security of the confidential data is an area of concern for the market participants. Technological innovations are offered regularly for upgrading security and protection of the data. The trend is likely to perpetuate and augment the market in the forthcoming years.
Key Players for Global Healthcare Cloud Computing Market
The major players profiled by MRFR that are operating in the global healthcare cloud computing market are International Business Machines (IBM) Corporation, CareCloud Corporation, Nuance Communications, Agfa-Gevaert N.V., Merge Healthcare Inc., Carestream Corporation, Cerner Corporation, Microsoft Corporation, Oracle Corporation, ClearData Networks Inc., Sectra AB, GE Healthcare, athenahealth Inc., NextGen Healthcare, Siemens Healthineers, and Dell Inc.
In November 2018, ClearDATA, a Texas-based healthcare exclusive cloud provider, has secured USD 26 Mn in its latest funding as an investment for healthcare cloud computing services.
In December 2018, it has been announced that Magellan Health, an American for-profit managed healthcare company, is adopting software-as-a-service (SaaS) for identity management and other functions as a part of digital transformation.
Regional Analysis for Global Healthcare Cloud Computing Market
Geographically, the global healthcare cloud computing market has been segmented into Latin America, Europe, North America, Asia Pacific and the Middle East and Africa. The North America region commands the major share in the global healthcare cloud computing market owing to the presence of well-developed healthcare sector, rapid adoption of cloud-based solutions, constant technological advancement and high concentration of developed economies that are expanding their funding for advancement of healthcare services in this region. The Asia Pacific region is expanding significantly in the global healthcare cloud computing market owing to the rapid development of healthcare sector in the emerging economies, rise in awareness regarding the benefits of cloud-based services, and emergence for sophisticated platform to maintain the large amount of healthcare data that is present in an unstructured manner in this region. The healthcare cloud computing market in the Europe region is expanding at a noteworthy growth rate owing to the increased availability of players that are providing cloud-based services for data storage and data management in the well-developed healthcare sector and increased healthcare expenditure by the population in this region. Poor economic conditions and low penetration of technologically advanced healthcare services in the underdeveloped countries are slowing down the growth of the healthcare cloud computing services in the Middle East and Africa region.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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