Micro-services in Healthcare Market Scope
Microservices in healthcare plays crucial role in modernizing the industry by allowing increasing overall project delivery speed. The growing demand from consumers to provide effective patients care and rise in healthcare budgets across the developed countries are driving the microservices in healthcare.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | AWS [United States], CA Technologies [United States], Microsoft [United States], Salesforce [United States], IBM [United States], NGINX Inc. [United States], Oracle [United States] and Syntel [United States] |
CAGR | 22.6% |
"According to AMA, the Global Micro-services in Healthcare market is expected to see growth rate of 22.6% and may see market size of USD351.0 Million by 2030." Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Micro-services in Healthcare market throughout the predicted period.
AWS [United States], CA Technologies [United States], Microsoft [United States], Salesforce [United States], IBM [United States], NGINX Inc. [United States], Oracle [United States] and Syntel [United States] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MuleSoft [United States], Datawire [United States], Cognizant [United States], Pivotal Software, Inc. [United States] and Infosys [India].
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro-services in Healthcare market by Type and Region with country level break-up.
On the basis of geography, the market of Micro-services in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2022, Data lakes can help hospitals and healthcare organizations turn data into insights and maintain business continuity, while preserving patient privacy. A data lake is a centralized, curated, and secured repository that stores all your data, both in its original form and prepared for analysis.
In March 2024, NVIDIA launched more than two dozen new microservices that allow healthcare enterprises worldwide to take advantage of the latest advances in generative AI from anywhere and on any cloud.
Influencing Trend:
Shift from Healthcare Industries to Hybrid-cloud Environment and Growing Focus on Providing Consumer Centric Service
Market Growth Drivers:
Growing Need to Increase the Delivery Speed of the Projects and Rising Healthcare Expenditure in Developed Countries
Challenges:
Complexity Involved in Implementation and Unwillingness Among Healthcare to Shift from Traditional Architecture to Micro-services Architecture
Restraints:
Issue Related with Security and Regulatory Compliance and Low Adoption in Emerging Countries
Opportunities:
Growing IoT Applications and Adoption
Key Target Audience
Cloud Microservice Platform and Solution Vendors, Cloud Service Providers, Cloud Microservice Providers, Application Developers, Container Service Providers, System Integrators, Third-party Vendors, Government Agencies and Organizations, Regulatory and Compliance Agencies, Hospitals, Venture Capitalists, Market Research and Consulting Firms and Others