healthcare cloud computing market 2021 to 2027, key industry players & growth trends

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Healthcare cloud computing market trends research
and projections for 2021- 2027

• A research study conducted by Global Market
  Insights, Inc., suggests that healthcare cloud
  computing market is likely to exceed the 79
  billion mark by 2027, in terms of revenue. Cloud
  computing technology has already expanded its
  reach across almost every industrial vertical due
  to the growing need of effectively managing large
  volumes of data. Healthcare industry is no
  exception in this regard. Healthcare institutions
  are increasingly adopting cloud technologies to
  facilitate the optimization of various processes
  in the healthcare ecosystem.
• Besides, the availability of high-end healthcare
  cloud computing solutions is driving their demand
  further. Supportive government initiatives are as
  well encouraging the deployment of these
  solutions. For instance, in the U.S., the
  government passed a law named Health Information
  Technology for Economic and Clinical Health
  (HITECH) Act, which gave hospitals and doctors an
  estimated amount of USD 20 billion for supporting
  EHR installation and application.

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Market Segmentation-

• Based on application bifurcation, nonclinical
  information system segment is estimated to
  register a robust CAGR of 13 through 2027 owing
  to heightened adoption of these systems.
  Nonclinical systems help in effective management
  of administrative data generated by hospitals
  which is generally difficult to manage.

• Based on the end-use bifurcation, pharmacies
  segment is estimated to register significant
  gains over the subsequent years attributing to
  rising consumer inclination towards healthcare
  cloud computing in order to maintain data
  generated from medical prescriptions. Pharmacists
  majorly adopt data management solutions for
  tracking the historical data related to payments
  and drugs sales.

• Based on the deployment type, private cloud
  segment is expected to observe a lucrative CAGR
  of 13.5 through 2027 on account of increasing
  proclivity towards private cloud solutions. This
  is primarily due to the benefits offered by
  private cloud such as protection of the cloud
  environment and data customization. Healthcare
  providers deploy private cloud computing
  solutions to effectively control cloud customers,
  computational resources and infrastructure which
  is supporting the segment growth.

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• Regional Analysis

• In terms of the regional outlook, healthcare
  cloud computing market in Asia Pacific recorded a
  significant market share of 20 in 2020 and is
  expected to grow significantly over time. This
  can be credited to increasing government
  initiatives pertaining with healthcare
  digitization in the region which is encouraging
  the adoption of cloud computing technology in
  healthcare sector.

• Competitive Analysis

• Some of the major companies functioning in the
  healthcare cloud computing market include Cisco
  Systems Inc., Amazon, CareCloud Corporation,
  Siemens Healthineers, ClearDATA, Allscripts
  Healthcare Solutions Inc., Microsoft Corporation,
  PLEXIS Healthcare Systems, Oracle Corporation,
  Cerner Corporation, Dell

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stry-analysis/healthcare-cloud-computing-market
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