Industry Background:
Cloud computing, often referred to as ‘the cloud’, is a method to store and access the data and programs over the internet. The cloud computing is the delivery of computing resources over the internet on a pay-for-use basis. The resources which are used are elastic and the user pays for the services procured. Improvement of healthcare infrastructure invites the implementation of cloud computing as an effective data transportation and storage facility is bound to transform the sluggish pace at which clerical activities in medical organizations take place.
According to AMA Research, the market for Healthcare Cloud Computing is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Rise In Adoption of Wearable Devices, Big Data Analytics and IOT in Healthcare
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Cloud Computing sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Athenahealth (United States), Ambra Health (United States), Allscripts (United States), Carestream Corporation (Canada), eClinicalWorks (United States), EnSoftek, Inc. (United States), CareCloud Corporation (United States), ClearData Networks Inc. (United States), Cerner Corporation (United States), DXC Technology Company (United States), Dell Inc. (United States), Epic Systems Corporation (United States), Fujifilm Holdings Cooperation (Japan), GE Healthcare (United States), NextGen Healthcare (United States), INFINITT Healthcare (South Korea), Hyland Software Inc. (United States), iTelagen Inc. (United States), IBM (United States), Merge Healthcare Inc. (United States), Orion Health Group (New Zealand) and Koninklijke Philips (Netherland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, IBM acquired Red Hat, which is a landmark acquisition for USD 34 billion. The addition will enhance IBM's hybrid cloud portfolio and aim to develop a next-generation multi-cloud hybrid platform.
In March 2023, Fujitsu announced the launch of a new cloud-based platform that allows users to securely collect and leverage health-related data to promote digital transformation in the medical field. The new offering represents part of Fujitsu’s ongoing efforts to contribute to the creation of a healthy society as part of its vision for “Healthy Living” under Fujitsu Uvance to create a sustainable world.
Influencing Trend:
Development and Innovation in Cloud Computing Healthcare
Market Growth Drivers:
Rise In Adoption of Wearable Devices, Big Data Analytics and IOT in Healthcare, Advantage Associated To Cloud Computing Healthcare as Better Storage, Scalability of Data and Flexibility, Proliferation of New Payment Models Cost Efficiency of Cloud and Rising Cloud Assisted Medical Collaborations
Challenges:
Issues Related to the Interoperability
Restraints:
Bandwidth Issues Associated With Legacy Systems and Data Security and Privacy Concern
Opportunities:
Potential Growth in Emerging Countries and Emergence of Telecloud
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Healthcare Cloud Computing Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Healthcare Cloud Computing Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Healthcare Cloud Computing players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Healthcare Cloud Computing Study Sheds Light on
The Healthcare Cloud Computing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Healthcare Cloud Computing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Healthcare Cloud Computing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.