About Healthcare Cloud Based Analytics
Cloud analytics refers to a service that helps to analyze the vivid evolution of cloud business models and demonstrates strategies and techniques for cloud services. It helps to track the value generation of ‘IaaS’ and ‘SaaS’ cloud service and how cloud providers are contributing to the channels. Widespread adoption of EHR, digitization, an increase in funding for innovative delivery solutions have ensured that the healthcare sector ushers into a new data-driven, digital era. With patients becoming digital and adoption of technology, analytics helps to create a better roadmap to reach the patient and find newer ways to deliver care. the demand for innovation in healthcare will ultimately break down the stalemate between healthcare providers and cloud-services providers and lead to increased cloud adoption.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Healthcare Cloud Based Analytics market throughout the forecasted 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.
Allscripts Healthcare Solutions (United States), Cerner corporation (United States), CitiusTech (United States), HP (United States), IBM (United States), McKesson (United States), Optum Health (United States), Oracle (United States) and Verisk Analytics (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Healthcare Cloud Based Analytics market by Type (Predictive Analytics, Prescriptive Analytics and Descriptive Analytics), Application (Clinical Data Analytics, Administrative Data Analytics, Research Data Analytics and Others) and Region.
On the basis of geography, the market of Healthcare Cloud Based Analytics 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. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Component, the sub-segment i.e. Hardware will boost the Healthcare Cloud Based Analytics 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/Clinics will boost the Healthcare Cloud Based Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancements in Data Analytics and Increasing Demand for Cloud-based Analytics
Market Growth Drivers:
High Demand due to Integration of Big Data into Healthcare and The Rising Demand due to Favorable Government Initiatives
Challenges:
Initial Cost and Complexity of Software
Restraints:
Data Privacy And Security Concern
Opportunities:
The Internet of Things and wearables are creating valuable opportunities for portraying ameliorated insights
Market Leaders and their expansionary development strategies
In March 2024, inus Health, a digital health company enabling early detection of Alzheimer’s and other dementias, acquired clinical-grade speech analytics company Aural Analytics. With the acquisition, Linus Health will add Aural's speech analytics to its multimodal cognitive assessments. The expanded capabilities will enable researchers and clinicians to identify cognitive impairment and better understand the characteristics of those impairments,
In March 2023, Fujitsu has launched 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.
Key Target Audience
Healthcare Cloud-Based Analytics, Government Regulatory Bodies, PrivateReaserch Organization, Government Research Organization 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.