Healthcare Market Desk

Healthcare Cloud Computing Market Size, Share, Trends, Growth Projections and Forecast 2019-2027

Press release   •   Jul 01, 2019 13:14 EDT

The global healthcare cloud computing market is expected to reach USD 48 billion by 2027 at a CAGR of 23%. The key factors driving the growth of this market include increasing adoption of big data, wearable devices, and IoT in healthcare; advantages of cloud usage (such as improved storage, flexibility, and scalability of data); implementation of healthcare reforms such as the Patient Protection and Affordable Care Act; and the dynamic nature of health benefit plan design.

Few major industry players include Cisco, Carestream Health, Athenahealth, IBM, EMC, Oracle, Carecloud, Cleardata, GNAX Health and Merge Healthcare. These players implement several strategic initiatives such as mergers, acquisition and new product launch to maintain their market position.

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Scope of Report:

Healthcare Cloud Computing Market, by Application
Clinical Information Systems
PACS, VNA, and Image Sharing Solutions
Other CIS
Nonclinical Information Systems
Billing and Accounts Management
Financial Management
Fraud Management
Supply Chain Management
Other NCIS

Healthcare Cloud Computing Market, by Deployment Model
Private cloud
Hybrid cloud
Public cloud

Healthcare Cloud Computing Market, by Component

Healthcare Cloud Computing Market, by Pricing Model
Spot Pricing

Healthcare Cloud Computing Market, by Service Model

Healthcare Cloud Computing Market, by End User
Healthcare Providers
Healthcare Payers

Healthcare Cloud Computing Market, by Region
North America
Asia Pacific
Rest of the World

Objectives of the Study
-To define, describe, and forecast the global market by application, deployment model, pricing model, service model, component, end user, and region
-To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
-To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
-To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
-To forecast size of market segments in North America, Europe, Asia Pacific, and RoW
-To strategically profile key players in the global market and comprehensively analyze their core competencies
-To track and analyze competitive developments such as mergers and acquisitions; product developments; agreements, partnerships and collaborations; and research and development activities in the market

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The main objective of this report is to define, describe, and forecast the global healthcare cloud computing market on the basis of types of applications, major sectors, deployment models, organization size, and regions. This report mainly introduces volume and value market share by segments and also their price change details. The analysis includes the market by value, by segments, by application, by manufacturers and by region. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2019 to 2027. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2019 to 2027, considering 2018 as the base year. All market data presented in revenues, shipments and installed base, along with average pricing data.

The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report also offers insightful and detailed information regarding the various key players operating in the global market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.

The report forecasts the market size, in terms of value, for various segments with regard to four main regions—North America, Europe, APAC, and RoW. It strategically profiles key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leaders.

The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. The report analyze detailed profiles of 20+ innovative and leading vendors, with information on products and services, target markets, strategy, SWOT analysis, key relationships and capital funding.

The research methodology used to estimate and forecast the market begins with capturing data on key vendor’s revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments.

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