Healthcare Cloud Based Analytics Market Size 2022-2026
The healthcare cloud based analytics market share is expected to increase by USD 26.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 21.11%.
This healthcare cloud based analytics market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers healthcare cloud based analytics market segmentation by component (software, services, and hardware) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The healthcare cloud based analytics market report also offers information on several market vendors, including 314e Corp., Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., Cisco Systems Inc., CitiusTech Inc., Health Catalyst Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., IQVIA Holdings Inc., Koninklijke Philips NV, McKesson Corp., Medeanalytics Inc., Microsoft Corp, Oracle Corp., SAP SE, Snowflake Inc., UnitedHealth Group, UnitedHealth Group Inc., and Verisk Analytics Inc. among others.
What will the Healthcare Cloud Based Analytics Market Size be During the Forecast Period?
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The Healthcare Cloud-Based Analytics Market is growing rapidly, driven by advancements in cloud-based solutions that offer predictive analytics and descriptive analytics to improve patient care facilities and medical treatments. These analytics tools utilize predictive capabilities to enhance resource allocation, optimize hospital readmissions, and support patient profiling, particularly for patients with chronic diseases. With the integration of electronic health records and connected devices, healthcare providers can better manage emergency room visits and medical claims through real-time processing.
Artificial intelligence and machine learning are advancing predictive analytic models to improve operational efficiency and decision-making. The use of unstructured and structured data in clinical analytics and nonclinical information systems enhances patient information management, boosting accessibility and scalability. This growth is also creating significant business opportunities, particularly in telehealth services, mobile health, and remote patient monitoring. As healthcare providers focus on improving patient outcomes and regulatory compliance, the market is expected to expand across various sectors, addressing the needs of the geriatric population and enabling better financial management and fraud management.
Healthcare Cloud Based Analytics Market Dynamics
The increasing cloud-assisted medical collaborations is notably driving the healthcare cloud based analytics market growth, although factors such as shortage of cloud professionals in healthcare industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare cloud based analytics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.The healthcare industry is embracing digital health transformation, driven by advancements in telehealth solutions, cloud analytics, and patient engagement tools. With analytics solutions and medical imaging analytics, healthcare providers can enhance clinical decision support and improve value-based care through data-driven decision-making. The growing focus on precision medicine and population health management is empowering personalized medicine while addressing risk stratification and public health surveillance.
As technology adoption increases, interoperability between systems such as digital health records and digital health platforms ensures seamless data sharing and enhances analytics platforms. The integration of automation, analytics tools, and digital health ecosystem is enabling better health management and finance management. However, ensuring privacy and cybersecurity remains a top priority, with the rise of breaches highlighting the need for strong governance frameworks and privacy policies.
Key Healthcare Cloud Based Analytics Market Driver
One of the key drivers of growth in the healthcare cloud-based analytics market is the rise in cloud-assisted medical collaborations. Research collaborations, particularly in healthcare, are expanding globally, with organizations conducting joint studies to address healthcare challenges more efficiently. These studies require the analysis of large datasets, prompting the need for systems with robust computational capabilities. Installing these systems can be costly due to infrastructure and hardware requirements. However, cloud computing offers organizations cost and infrastructure flexibility, enabling them to scale IT resources based on demand. Cloud solutions also facilitate enhanced collaboration among healthcare researchers and stakeholders, accelerating progress and promoting a rise in cloud-assisted collaborations. As a result, the growing number of such collaborations will further fuel the market's growth.
Key Healthcare Cloud Based Analytics Market Trends
A notable trend in the healthcare cloud-based analytics market is the introduction of edge computing. This technology optimizes cloud computing by processing data at the edge of the network, near the source of data generation, rather than relying on centralized cloud or data centers. In healthcare, the integration of IoT devices for health monitoring often involves transmitting data to the cloud for analysis, which can be slow. Edge computing speeds up this process by enabling faster data collection and analysis. Companies like BioLert leverage edge computing to monitor epileptic patients, recording vital statistics and events that help medical professionals create more effective treatment plans. The adoption of edge computing will significantly enhance the speed and efficiency of data analysis, driving further market expansion.
Key Healthcare Cloud Based Analytics Market Challenge
A major challenge for the healthcare cloud-based analytics market is the shortage of cloud professionals. The increasing adoption of cloud technologies across industries, including healthcare, has created a high demand for skilled cloud computing professionals. Despite this demand, there is a notable shortage of trained professionals with expertise in cloud deployment, data security, and managementâall critical for healthcare organizations utilizing cloud computing. As the demand for cloud-based networks and systems grows, the need for professionals who understand both cloud technologies and healthcare practices will become more pronounced. This shortage will drive up hiring costs and potentially slow the market's growth.
This healthcare cloud based analytics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global healthcare cloud based analytics market as a part of the global healthcare technology market, which, in turn, is a part of the global healthcare market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the healthcare cloud based analytics market during the forecast period.
Who are the Major Healthcare Cloud Based Analytics Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 314e Corp.
- Alphabet Inc.
- Amazon.com Inc.
- Amitech Solutions Inc.
- Cisco Systems Inc.
- CitiusTech Inc.
- Health Catalyst Inc.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- IQVIA Holdings Inc.
- Koninklijke Philips NV
- McKesson Corp.
- Medeanalytics Inc.
- Microsoft Corp
- Oracle Corp.
- SAP SE
- Snowflake Inc.
- UnitedHealth Group
- UnitedHealth Group Inc.
- Verisk Analytics Inc.
This statistical study of the healthcare cloud based analytics market encompasses successful business strategies deployed by the key vendors. The healthcare cloud based analytics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
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cisco.com - The company offers healthcare cloud based analytic solutions that securely connect remote staff to sensitive data, enable reliable telehealth visits, and ensure collaboration is prioritized on the network with one solution, which can be easily managed from anywhere.
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cisco.com - Through the Americas segment, the company offers its products and services in the countries such as the US, Canada, Mexico, and Brazil.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The healthcare cloud based analytics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Healthcare Cloud Based Analytics Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the healthcare cloud based analytics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Healthcare Cloud Based Analytics Market?
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During the forecast period, North America is expected to account for 38% of the market's growth in healthcare cloud-based analytics. The US is the primary market within North America, and the region's growth will outpace that of European markets.
Countries like the US, Canada, and Mexico are major adopters of healthcare cloud-based analytics, which will drive market expansion in North America. This market research report provides comprehensive insights into competitive intelligence, marketing gaps, and regional opportunities, helping vendors develop effective business strategies for capturing growth in this rapidly evolving market.
COVID Impact and Recovery Analysis
The COVID-19 pandemic propelled the growth of the market in North America in 2021. Lockdown norms across various industries augmented the need for data storage for remote planning, tracking, and monitoring of healthcare data status. For instance, in September 2020, Accenture announced an investment of USD3 billion in forming the Accenture Cloud First to assist clients across different industries to become cloud-first businesses and accelerate digital transformation. Such solutions will enable maintaining a continuous relationship with patients and support the planning and scheduling of doctors based on instances of care.
What are the Revenue-generating Component Segments in the Healthcare Cloud Based Analytics Market?
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The software segment is expected to see substantial growth in the healthcare cloud-based analytics market during the forecast period. The rising number of home healthcare users is driving the adoption of SaaS-based technologies, particularly in areas like telemedicine. Companies like HealthSaaS are offering cloud services tailored for home healthcare agencies, integrating clinical software with monitoring devices to support in-home care for patients with chronic conditions. Additionally, IaaS solutions are playing a key role in this shift.
This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare cloud based analytics market size and actionable market insights on the post-COVID-19 impact on each segment.
Market Research Overview
Digital health policy and governance are driving standardization and regulatory compliance, while digital health investment and innovation in medical device development, drug discovery, and disaster preparedness are shaping the future of healthcare. Enhanced reporting, dashboards, and mining capabilities are streamlining warehousing, migration, and modeling to improve quality and outcomes. The integration of health technology trends, telemedicine adoption, and digital health infrastructure is paving the way for the next generation of healthcare solutions.
The healthcare industry is experiencing rapid growth with a focus on innovation and technology solutions that enhance digital health infrastructure. The adoption of health technology trends is driving cost reduction and improving quality through driven decision making powered by health analytics. Digital health platforms are revolutionizing patient care, with advancements in telemedicine adoption and remote patient care offering greater accessibility to healthcare services.
As digital health policy evolves, standardization and the establishment of a governance framework are essential to ensuring the security and effectiveness of new technologies. Modeling, visualization, and reporting tools, such as dashboards, are providing actionable insights across various healthcare functions like medical device development, drug discovery, and disaster preparedness. The integration of warehousing, mining, and migration strategies allows for efficient data management throughout the lifecycle of healthcare solutions, from science and engineering to clinical applications.
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Healthcare Cloud Based Analytics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 21.11% |
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Market growth 2022-2026 |
USD26.93 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
18.21 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 38% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
314e Corp., Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., Cisco Systems Inc., CitiusTech Inc., Health Catalyst Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., IQVIA Holdings Inc., Koninklijke Philips NV, McKesson Corp., Medeanalytics Inc., Microsoft Corp, Oracle Corp., SAP SE, Snowflake Inc., UnitedHealth Group, UnitedHealth Group Inc., and Verisk Analytics Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Healthcare Cloud Based Analytics Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive healthcare cloud based analytics market growth during the next five years
- Precise estimation of the healthcare cloud based analytics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the healthcare cloud based analytics industry across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of healthcare cloud based analytics market vendors
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