Healthcare Cloud Computing Market: 40% of Growth to Originate from North America | By Product and Geography

NEW YORK, June 8, 2022 /PRNewswire/ —

Market Overview

The Healthcare Cloud Computing Market Share is expected to increase by USD 25.54 billion from 2020 to 2025, with an accelerated CAGR of 22.59%- according to the recent market study by Technavio.

• The increasing cloud-assisted medical collaborations are the key factors driving the growth of the global healthcare cloud computing market.

• The introduction of edge computing will fuel the global healthcare cloud computing markets growth.

• The shortage of cloud professionals in the healthcare industry is a major challenge for global healthcare cloud computing markets growth.

• North America will register the highest growth rate of 40% 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.

• Lockdown norms across various industries have augmented the need for date storage with remote planning, tracking, and monitoring healthcare data status. For instance, in September 2020, Accenture announced an investment of $3 billion in forming the Accenture Cloud First to assist clients across different industries to become cloud-first businesses and accelerate digital transformation.

• This will enable maintaining a continuous, always-on relationship with patients and plan members between instances of care is critical. Owing to such factors, the market for healthcare cloud computing is expected to grow significantly in the region during the forecast period.

• 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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Scope of the Report

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SaaS Held the Largest Market Share

• The healthcare cloud computing market share growth in 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.

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North America is Expected to Hold a Significant Share of the Market

• 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 market in North America. Market growth in this region will be faster than the growth of the market in regions.

• The increasing cloud-assisted medical collaborations will facilitate the healthcare cloud computing market growth in North America over the forecast period.

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Vendor Insights-

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

The healthcare cloud computing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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Recent Developments

• Allscripts Healthcare Solutions Inc.- The company offers FollowMyHealth enterprise patient engagement solution which helps the patients with their information they need to empower themselves in their own care.

• Carestream Health Inc.- The company offers innovative approach to enterprise imaging management, offering secure, turnkey Software-as-a-Service as either a Public or Private Cloud Services.

• General Electric Co.- The company offers a cloud ecosystem and its applications will connect radiologists and clinicians to speed, efficiency and collaboration across care pathways and multidisciplinary teams – both inside and outside the hospital setting.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

 About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio