The Healthcare Software As A Service by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare Software As A Service, The healthcare software as a service market size has grown rapidly in recent years. It will grow from $20.96 billion in 2023 to $24.46 billion in 2024 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to cost efficiency and resource optimization, focus on patient-centric care, scalability for growing healthcare needs, value-based care solutions, data security and privacy measures.
The healthcare software as a service market size is expected to see rapid growth in the next few years. It will grow to $48.78 billion in 2028 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to personalized medicine initiatives, continuous compliance management, enhanced interoperability standards, virtual clinical trials and research, enhanced user experience and interface, focus on mental health support. Major trends in the forecast period include telehealth and remote patient monitoring, interoperability and integration, data security and privacy compliance, real-time analytics and reporting, agile development and continuous updates,remote access and collaboration. .
The growing adoption of cloud computing is expected to propel the growth of the healthcare software as a service market. Healthcare organizations are adopting cloud computing as the current crisis has reinforced its benefits and put to rest fears related to privacy, security, and implementation. Healthcare organizations can achieve increased data security, assured system scalability, and enhanced flexibility to manage billings and streamline claims for significant cost savings with cloud computing. For instance, in February 2022, according to a survey conducted by a UK-based consulting firm, Ernst & Young Global Limited, and an Indian non-governmental trade association, The National Association of Software and Service Companies (NASSCOM), four in every five enterprises are set to increase their cloud budgets over the next 12 months. As per the survey, 67% of the large enterprises accelerated cloud adoption, 39% of medium-sized companies, and 38% of small companies embarked on their cloud journey. IT companies lead cloud adoption, followed by the healthcare sector and the BFSI sector. Therefore, growing adoption of cloud computing is driving the healthcare software as a service market growth.
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The Healthcare Software As A Service Market Covered In This Report Is Segmented –
Healthcare Software As A Service By Application:
Patient Portal
Telemedicine
Mobile Communication
ePrescribing
EHR Systems
ERP & HR Portal
Medical Billing
Healthcare Software As A Service By Deployment Model:
Private
Hybrid
Public
Healthcare Software As A Service By Organization Size:
Large Enterprise,
Small And Medium Enterprises
Healthcare Software As A Service By End-User:
Provider
Payer
Top Key Players:
Microsoft Corporation
Salesforce Inc.
SAP SE
Oracle Corporation
Google LLC
Technological advancement is a key trend that is gaining popularity in the healthcare software as a service market. Major companies operating in the healthcare Software as a Service market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation Software as a Service technologies into their services, such as Artificial Intelligence (AI), Vertical Software as a Service, Pay-Per-Use Model, IoT, Integration in existing systems, and others. For instance, in March 2022, Snowflake Inc., a US-based cloud computing and data warehousing company, launched a cloud-based data-sharing platform to bring together core Software as a Service data analytics, warehousing, and business intelligence offerings with consulting services on demand for the healthcare industry.
The healthcare software as a service market report table of contents includes:
1. Executive Summary
2. Healthcare Software As A Service Market Characteristics
3. Healthcare Software As A Service Market Trends And Strategies
4. Healthcare Software As A Service Market – Macro Economic Scenario
5. Global Healthcare Software As A Service Market Size and Growth
…..
31. Global Healthcare Software As A Service Market Competitive Benchmarking
32. Global Healthcare Software As A Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Healthcare Software As A Service Market
34. Healthcare Software As A Service Market Future Outlook and Potential Analysis
List Of Tables
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Healthcare Software As A Service Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Healthcare Software As A Service Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Healthcare Software As A Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……
Table 75: Microsoft Corporation Financial Performance
Table 76: Salesforce Inc. Financial Performance
Table 77: SAP SE Financial Performance
Table 78: Oracle Corporation Financial Performance
Table 79: Google LLC Financial Performance
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