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Healthcare Cloud Computing Market Size, Emerging Trends, Growth, Revenue, Top Companies Overview, Global Industry Forecast to 2023
The report covers historical market trends, market dynamics, forecast, and market factor analysis which includes Porter's five forces analysis and supply chain of the market. It also encompasses an exhaustive analysis of key player’s market share, market value by region as well as by segmentation, and country-level analysis for each market segment.
Healthcare Cloud Computing Market – Scenario
The Global Healthcare Cloud Computing Market is experiencing increasing traction owing to the rising uptake of cloud computing in small, medium, and large healthcare setups, worldwide. The volume of digital data in healthcare centers has multiplied over the years owing to changes in payment modes, increasing patient pool, etc. Advances in technology and increasing healthcare expenditure have further catalyzed the growth of the market.
The need for the deployment of cloud computing and cutting-edge analytical tools has intensified, enhancing operational efficiency. These factors subsequently escalate the market on the global platform. According to Market Research Future (MRFR), the global healthcare cloud computing market is expected to expand exponentially by 2023. In its recently published analysis, MRFR also asserts that during the forecast period (2018 – 2023) the market would register a phenomenal CAGR.
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The market value has increased tremendously in recent years and is expected to continue with the same growth trends in the future. The rising adoption of Internet of Things (IoT) has accelerated the integration of cloud computing in the healthcare sector. Additionally, factors such as growing demand for technologically upgraded services, an increase in the numbers of professional and managed services, alongside, the increasing awareness about cost-effective cloud-based healthcare services drive the market growth, predominantly.
On the other hand, data security, coupled with the possible challenges presented during the migration to cloud-computing like incompatibility with legacy systems, etc., are expected to impede the growth of the market during the anticipated period. Nevertheless, widespread adoptions of cloud computing and wireless technology in healthcare sectors would support the growth of the market throughout the review period.
Highly competitive, the global healthcare cloud computing market appears to be fragmented characterized by the presence of several well-established players. To gain a substantial share in the market, these players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. For extensions, these players tap the growing markets. Strategic partnerships support these companies' growth and expansion plans. These players invest heavily in R&D to develop a technology that is entirely on a different level compared to their competition. Players compete with each other based on factors such as the product and technology launch, quality, reliability, and cost.
Players heading the global healthcare cloud computing market include CareCloud Corporation, International Business Machines (IBM) Corporation, Agfa-Gevaert N.V., Carestream Corporation, Merge Healthcare Inc., Cerner Corporation, Oracle Corporation, Microsoft Corporation, ClearData Networks Inc., Nuance Communications, Sectra AB, GE Healthcare, NextGen Healthcare, Athenahealth Inc., Dell Inc., and Siemens Healthineers, among others.
Segments for Global Healthcare Cloud Computing Market
The report is segmented into five market dynamics to widen the scope of understanding,
By Applications: Non-clinical information system (NCIS) and Clinical information system (CIS).
By Deployment: Private cloud, Public cloud, and Hybrid cloud
By End-user: Healthcare Providers and Healthcare Players.
By Service: Infrastructure-as-a-service (IaaS), Software-as-a-service (SaaS), and Platform-as-a-service (PaaS).
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
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The reports of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.