What is Health Care Cloud and Hosting?
Healthcare cloud and hosting represent the implementation of cloud computing in healthcare industries. Cloud computing offers various benefits to healthcare service providers by easily managing and exchange of various data and collaboration between doctors, divisions, and healthcare service providers. Cloud offers sufficient data storage to store a large amount of data, flexibility, and scalability at a reduced cost. Nowadays, healthcare providers are increasingly adopting IoT-enabled devices to monitor patients’ conditions that are connected to the hospital’s cloud system to provide data directly to the doctor. The hospitals are focusing to improve personalized patient experience and clinical productivity through data transparency will boost the market.
The market study is broken down, by Application (EHR/EMR Management, Business Intelligence, Billing and Collection, Interoperability and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Health Care Cloud and Hosting market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Netsmart Technologies, Inc. (United States), Visualutions, Inc. (United States), Netgain Technology, LLC (United States), Mercy Technology Services (United States), NextGen Healthcare (United States), IBM (United States), Microsoft (United States), The HCI Group (United States), EURIS (France), OVHcloud (France), Volico Data Centers (United States), Google (United States) and AWS (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Health Care Cloud and Hosting market by Type, Application and Region.
On the basis of geography, the market of Health Care Cloud and Hosting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solutions will boost the Health Care Cloud and Hosting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Private Cloud will boost the Health Care Cloud and Hosting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Health Care Cloud and Hosting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In April 2021, Microsoft announced the acquisition of Nuance to accelerate the industry cloud strategy for healthcare. Nuance is a leading provider of cloud and AI software for healthcare providers. With this acquisition, Microsoft will enable to combine solutions and expertise to offer industry-specific cloud and AI capabilities to healthcare and other industries. The main aim of Microsoft is to address the growing demand for cloud technologies in the rapidly transforming and growing healthcare sector.
Market Trend
- Integration of AI and Machine Learning into Cloud Computing to Manage a Large Amount of Data
Market Drivers
- Surging Demand for Cloud and Hosting in Healthcare to Quickly Access & Manage Data and Reduce Capital Expenditure
- Growing Adoption of Telehealth and Increased Focus to Improve Patient Care
Opportunities
- Increasing Adoption of Technological Solutions in Developing Countries Due to Growing Awareness
Restraints
- Increasing Security Concerns and HIPAA Compliance
Challenges
- Downtime on Cloud Platforms from Vendor’s Side
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Healthcare Cloud and Hosting Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.