The Healthcare Cloud Infrastructure Global Market Report 2024 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 Cloud Infrastructure Global Market Report 2024, The healthcare cloud infrastructure market size has grown rapidly in recent years. It will grow from $71.66 billion in 2023 to $84.73 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to data storage demands, cost efficiency, scalability, remote access, interoperability.
The healthcare cloud infrastructure market size is expected to see rapid growth in the next few years. It will grow to $169.06 billion in 2028 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to telemedicine growth, genomic and precision medicine, compliance and data security, pandemic preparedness, integration of blockchain. Major trends in the forecast period include hybrid cloud adoption, edge computing in healthcare, security and compliance as a service, artificial intelligence and machine learning, data lakes and analytics, cloud-native applications.
Growing funding to implement hospital cloud computing technologies in care facilities is expected to propel the growth of the healthcare cloud infrastructure market. Hospital cloud computing technologies are technologies used to set up remote servers that can be accessed online to manage, store, and process patient data. Hospitals are upgrading to digital technologies such as cloud computing to reduce costs and enhance operations, which in turn increases the requirement for cloud infrastructure and the components needed to deploy the cloud technology. For instance, according to the article published by Healthcare IT News, a US-based B2B media group focused exclusively on healthcare and technology markets, the government of Delhi, India allotted an $18.9 million (Rs 13.9 billion) project to set up a cloud-based hospital information management system for Delhi’s public hospitals. Therefore, the growing funding to implement hospital cloud computing technologies in care facilities is driving the demand for the healthcare cloud infrastructure market.
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The healthcare cloud infrastructure market covered in this report is segmented –
1) By Component: Hardware, Services
2) By Pricing Model: Pay-As-You-Go, Spot Pricing
3) By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
4) By End-User: Healthcare Providers, Healthcare Payers
Top Major Players
Amazon.com Inc.
ClearDATA Networks Inc
CloudMine Inc.
Hewlett Packard Enterprise Development LP
International Business Machines Corporation(IBM)
Technological advancement is a key trend gaining popularity in the healthcare cloud infrastructure market. Major players operating in the market are concentrating on integrating novel technologies such as AI (artificial intelligence) and text analytics to increase workflow efficiency and reduce costs. For instance, in March 2022, Microsoft Corporation, a US-based software company offering cloud infrastructure, updated its Microsoft Cloud for Healthcare with AI and text analytics to provide complete data insight, minimize provider administrative burden, increase efficiency for frontline care teams, and promote workflow automation that can improve quality of care, reduce clinician fatigue, extract insights from unstructured medical data, and deliver better care faster and at a lower cost.
The healthcare cloud infrastructure market report table of contents includes:
1. Executive Summary
2. Healthcare Cloud Infrastructure Market Characteristics
3. Healthcare Cloud Infrastructure Market Trends And Strategies
4. Healthcare Cloud Infrastructure Market – Macro Economic Scenario
5. Global Healthcare Cloud Infrastructure Market Size and Growth
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31. Global Healthcare Cloud Infrastructure Market Competitive Benchmarking
32. Global Healthcare Cloud Infrastructure Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Healthcare Cloud Infrastructure Market
34. Healthcare Cloud Infrastructure Market Future Outlook and Potential Analysis
35. Appendix
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