Healthcare Cloud Computing Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41148
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The healthcare cloud computing market has the potential to grow by USD 33.49 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 23.18%.

This healthcare cloud computing 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 market segmentation by product (SaaS, IaaS, and PaaS) and geography (North America, Europe, APAC, South America, and MEA). The healthcare cloud computing market report also offers information on several market vendors, including Allscripts Healthcare Solutions Inc., Amazon.com Inc., athenahealth Inc., Carestream Health Inc., General Electric Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and Siemens AG among others.

What will the Healthcare Cloud Computing Market Size be in 2021?

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Healthcare Cloud Computing Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing cloud-assisted medical collaborations are notably driving the healthcare cloud computing market growth, although factors such as the shortage of cloud professionals in the healthcare industry may impede 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 computing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increasing cloud-assisted medical collaborations is one of the major factors driving the healthcare cloud computing market growth.
  • Cloud computing is used to tackle the American opioid crisis in collaboration with healthcare professionals, policymakers, and technology providers.
  • Some of the advantages of using cloud computing in the healthcare ecosystem include system scalability, cost savings, and enhanced flexibility.
  • Organizations are increasingly moving toward conducting collaborative studies for tackling human healthcare issues effectively and quickly.
  • The adoption of cloud-based modules will help healthcare professionals in making precise decisions for opioid prescriptions for their patients.
  • The introduction of blockchain in cloud computing is one of the key healthcare cloud computing market trends expected to gain prominence in the market.
  • The healthcare industry is increasingly deploying cloud computing systems to achieve greater data security, streamline claims, manage billings, and ensure drug supply chain and health research integrity.
  • Blockchain offers superior data security and integrity to the systems in which it is employed due to its distributed nature.
  • Market analysts predict that the factors mentioned above will prove critical in defining the growth of the healthcare cloud computing market size in the coming years.

This healthcare cloud computing 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 2021-2025.

Who are the Major Healthcare Cloud Computing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allscripts Healthcare Solutions Inc.
  • Amazon.com Inc.
  • athenahealth Inc.
  • Carestream Health Inc.
  • General Electric Co.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce.com Inc.
  • Siemens AG

 

This statistical study of the healthcare cloud computing market encompasses successful business strategies deployed by the key vendors. The healthcare cloud computing market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from 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 computing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Cloud Computing Market?

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40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for healthcare cloud computing in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The increasing adoption of cloud computing by healthcare institutes and increasing launch of various cloud computing products will facilitate the healthcare cloud computing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Healthcare Cloud Computing Market?

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The healthcare cloud computing market share growth by the SaaS segment will be significant during the forecast period. SaaS solutions held the major share, owing to their easy deployment, less lead time compared with on-premises software solutions, and the service provider's ownership of maintenance and support tasks. Healthcare organizations adopt SaaS-based solutions for streamlining their client relationship management (CRM), accounting, payroll, supply chain management (SCM), and healthcare information systems.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare cloud computing market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Healthcare Cloud Computing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare cloud computing market growth during the next five years
  • Precise estimation of the healthcare cloud computing 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 computing industry across North America, Europe, APAC, South America, and MEA
  • 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 computing market vendors

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Healthcare Cloud Computing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 23.18%

Market growth 2021-2025

$ 33.49 billion

Market structure

Fragmented

YoY growth (%)

22.09

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, UK, France, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allscripts Healthcare Solutions Inc., Amazon.com Inc., athenahealth Inc., Carestream Health Inc., General Electric Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • SaaS - Market size and forecast 2020-2025
    • IaaS - Market size and forecast 2020-2025
    • PaaS - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Allscripts Healthcare Solutions Inc.
    • Amazon.com Inc.
    • athenahealth Inc.
    • Carestream Health Inc.
    • General Electric Co.
    • International Business Machines Corp.
    • Microsoft Corp.
    • Oracle Corp.
    • Salesforce.com Inc.
    • Siemens AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The healthcare cloud computing market growth will increase by $25.54 billion during 2019-2024.
    The healthcare cloud computing market is expected to grow at a CAGR of 22.59% during 2019-2024.
    Technavio has segmented the healthcare cloud computing market by product (SaaS, IaaS, and PaaS) and geographic (North America, Europe, APAC, South America, and MEA).
    Allscripts Healthcare Solutions Inc., Amazon Web Services Inc., athenahealth Inc., Carestream Health Inc., General Electric Co., IBM Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., Siemens Healthineers AG are a few of the key vendors in the healthcare cloud computing market.
    North America will register the highest growth rate of 39.82% among the other regions. Therefore, the healthcare cloud computing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the healthcare cloud computing market growth are:
    • Increasing cloud assisted medical collaboration
    • Introduction of edge computing
    The healthcare cloud computing market vendors should focus on grabbing business opportunities from the saas segment as it accounted for the largest market share in the base year.
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