New York, NY, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Healthcare Cloud Computing Market by Application (Clinical Information System and Nonclinical Information System), by Component (Software and Services), by Service Model (IaaS, PaaS, and SaaS), by Deployment Model (Public Cloud, Hybrid Cloud, and Private Cloud), and End-User (Healthcare Providers and Healthcare Payers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025”. According to the report, the global healthcare cloud computing market was valued at approximately USD 18.85 billion in 2018 and is expected to generate around USD 61.84 billion by 2025, at a CAGR of around 18.7% between 2019 and 2025.
Cloud computing is a technique for supplying information technology (IT) facilities that help in regaining assets from the internet by using web-based applications and tools. It offers an easy way to get access to servers, databases, storage, and a wide-ranging array of application facilities on the web. Cloud computing offers a great deal of flexibility to healthcare organizations so that they can control data scalability as per their convenience.
Browse through 123 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Healthcare Cloud Computing Market Size, Share 2019 Report: Industry Trends, Technology, Applications, Analysis and Forecast to 2025”.
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The primary factors that are likely to drive the global healthcare cloud computing market are growing adoption of IoT, wearable devices, and big data analytics in the healthcare sector, expansion of high speed internet, introduction of novel payment models, increasing demand for rigorous regulatory compliance, and rising investment by healthcare providers in the future. Cloud computing offers multiple benefits, such as flexibility, better storage, and data scalability, the implementation of favorable governing regulations, increasing public awareness, and efforts taken by government organizations are likely to create new growth avenues for the market players of the healthcare cloud computing market in the upcoming years. However, data privacy issues, growing cases of cloud data breaches, and complications related to data portability might limit the healthcare cloud computing market on a global scale over the estimated timeframe.
The global healthcare cloud computing market is segmented based on application, component, service model, deployment model, and end-user. By application, the healthcare cloud computing market includes clinical information system and nonclinical information system. The clinical information system is sub-segmented into image sharing solutions, VNA, and PACS, EMR, PHM, LIMS, Telehealth, RIS, PIS, and others. The nonclinical information system is further sub-segmented into billing and accounts management, RCM, financial management, supply chain management, HIE, fraud management, and others. The component segment includes software and services. The service model segment includes IaaS, PaaS, and SaaS. The deployment model segment includes public cloud, hybrid cloud, and private cloud. The end-user segment includes healthcare providers and healthcare payers.
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By region, North America is likely to lead the healthcare cloud computing market over the time period. The U.S. is anticipated to lead the North American healthcare cloud computing market at the country level and register the highest CAGR over the anticipated timeframe. This growth can be attributed to the continued technological developments across the region, the rising number of companies incorporating cloud computing technology in the healthcare domain, favorable government reforms, and the presence of major market players. Moreover, the high per capita healthcare expenditure is likely further to fuel the region’s healthcare cloud computing market in the years ahead.
Europe is predicted to be the second largest regional market in the future, owing to growing public awareness, increasing adoption of IoT, and positive steps taken by the government organizations.
Browse the full “Healthcare Cloud Computing Market by Application (Clinical Information System and Nonclinical Information System), by Component (Software and Services), by Service Model (IaaS, PaaS, and SaaS), by Deployment Model (Public Cloud, Hybrid Cloud, and Private Cloud), and End-User (Healthcare Providers and Healthcare Payers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025” Report at https://www.zionmarketresearch.com/report/healthcare-cloud-computing-market
The Asia Pacific region is anticipated to dominate over the estimated time period. India, China, and Japan are expected to be major regional contributors to the growth of Asia Pacific healthcare cloud computing market, owing to constantly improving healthcare structure, increasing expansion of high-speed internet, growing investments in the technologies related to healthcare, and rising use of wearable devices.
Latin America is likely to record swift growth over the estimated time period, due to the increasing investments made by the regional market players, growing public awareness, and favorable steps taken by various regional governments. The Middle Eastern and African region is predicted to register a sluggish rate of growth, due to low penetration of high-speed internet, lack of awareness, and absence of latest healthcare set-up.
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Some key players of the global healthcare cloud computing market include Cisco System Inc., Allscripts Healthcare Solution Inc., Dell Inc., Athenahealth Inc., EMC Corp., IBM Corp., GNAX Health, Microsoft Corp., Iron Mountain Inc., VMware Inc., Qualcomm Inc., and Oracle Corp., among others.
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This report segments the global healthcare cloud computing market into:
Global Healthcare Cloud Computing Market: By Application
- Clinical Information System
- Image Sharing Solutions, VNA, and PACS
- EMR
- PHM
- LIMS
- Telehealth
- RIS
- PIS
- Others
- Nonclinical Information System
- Billing and Accounts Management
- RCM
- Financial Management
- Supply Chain Management
- HIE
- Fraud Management
- Others
Global Healthcare Cloud Computing market: By Component
- Software
- Services
Global Healthcare Cloud Computing market: By Service Model
- IaaS
- PaaS
- SaaS
Global Healthcare Cloud Computing Market: By Deployment Model
- Public Cloud
- Hybrid Cloud
- Private Cloud
Global Healthcare Cloud Computing Market: By End-User
- Healthcare Providers
- Healthcare Payers
Global Healthcare Cloud Computing Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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