Healthcare Cloud Computing Market projected to reach USD 199.21 Billion by 2032
From GlobeNewswire: 2025-01-06 09:00:00
The Healthcare Cloud Computing Market is projected to reach USD 199.21 Billion by 2032, growing at a CAGR of 16.90% from 2024. Cloud adoption drives innovation in AI integration, data management, and cost reduction in healthcare. Major players include Amazon Web Services, Microsoft, IBM, and others offering advanced solutions for improved patient care and operational efficiency.
Software as a Service (SaaS) dominates the healthcare cloud computing market, contributing to 58% of total revenue in 2023. SaaS adoption is driven by enhanced efficiency, scalability, and cost-effectiveness, offering solutions for improved data management, patient care, and interoperability. Public cloud deployment models lead with scalability, cost-effectiveness, and innovation, making advanced technologies accessible to smaller healthcare providers.
North America led the healthcare cloud computing market in 2023, accounting for 45% of the market share. Major cloud providers like AWS and Microsoft Azure offer tailored platforms, with HIPAA regulations boosting cloud adoption. The Asia-Pacific region saw rapid growth in healthcare cloud computing, driven by increased healthcare spending and a push for digital transformation. Countries like China and India are investing in cloud technologies to enhance healthcare efficiency. Companies like Alibaba Cloud, IBM Watson Health, and Microsoft Azure are leading the region’s growth in healthcare cloud computing, focusing on telehealth and AI-driven solutions. Key developments include specialty EHR solutions for women’s health by Athenahealth and partnerships between Genesys and Epic, as well as Microsoft and NVIDIA. The market is segmented by service, application, cloud deployment model, and end-users, with a focus on regional analysis and company profiles. SNS Insider offers consulting services for market assessment, total addressable market assessment, and competitive benchmarking. For more information, visit the link provided.
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