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Cloud-Computing In Healthcare Market To Significantly Expand On The Back Of Increasing Technological Advancements In Healthcare And IT Industries During The Forecast Period

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Research Nester released a report titled Cloud-Computing In Healthcare Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global cloud-computing in healthcare market in terms of market segmentation by application, by deployment, by service, by end user  and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The market for cloud computing in healthcare industry is anticipated to grow by a CAGR of over 16% during the forecast period, i.e., 2019-2027. The market is segmented by application, by deployment, by service, by end user and by region. On the basis of end user, the market is further segmented into hospitals, pharmacies, ambulatory centers, clinics and others, out of which, the hospitals segment is estimated to witness the highest growth on account of increasing number of patients in hospitals during the upcoming years. The growing requirement of hospitals in every region is another growth factor supporting this segment. According to the American Hospital Association, there were around 6,210 hospitals in the United States in 2019. The increasing prevalence of health disorders can be attributed to this.

The market in North America is anticipated to hold the largest market share in cloud-computing in healthcare market on account of growing demand for improved quality of healthcare and increasing healthcare expenditure in the region. The market in Asia-Pacific region is estimated to grow at the highest rate during the forecast period as a result of increasing adoption of cloud based services by healthcare services providers in the region.

Rising Healthcare Expenditure To Support The Market Growth

The increasing expenditure on healthcare by people across the world is a major growth stimulating factor for the market. Healthcare services providers are using cloud computing technology for storing and managing data which is estimated to increase the market growth. However, the high maintenance cost of cloud based technologies including hardware and software is estimated to restrict the market growth.

This report also provides the existing competitive scenario of some of the key players of the global cloud-computing in healthcare market which includes company profiling of Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), IBM Corporation (IBM), Siemens Healthineers (SHL), Oracle (ORCL), Dell Inc. (DELL), CareCloud, Athenahealth, Inc. and ClearDATA. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cloud-computing in healthcare market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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