Healthcare Cloud Computing Market size is set to grow by USD 42.21 billion from 2022 to 2027, The introduction of edge computing to be a major trend – Technavio

NEW YORK, June 15, 2023 /PRNewswire/ — According to Technavio, the global healthcare cloud computing market size is projected to grow by USD 42.21 billion from 2022 to 2027. The market is estimated to decrease at a CAGR of 20.55% during the forecast period. However, the growth momentum will decelerate. North America is estimated to account for 39% of the global market growth. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

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Healthcare Cloud Computing Market – Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by product (SaaS, IaaS, and PaaS), component (hardware and services), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

The market share growth by the SaaS segment will be significant during the forecast period. The growth of this segment will be driven by factors such as the increasing migration of healthcare organizations toward cloud service and the high popularity of SaaS solutions. Various vendors are providing SaaS-based products for healthcare organizations owing to the high potential for cloud computing in healthcare.

Geography Overview
By geography, the global healthcare cloud computing market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global healthcare cloud computing market.

North America is estimated to account for 39% of the growth of the global healthcare cloud computing market during the forecast period. The US, Canada, and Mexico are the major adopters of healthcare cloud computing solutions in the region. Many healthcare institutions in the US are adopting cloud computing. For instance, LifePoint Health signed a multiyear strategic partnership with Google LLC to implement Google Cloud’s healthcare data engine in its hospitals across the US. Such collaborations are expected to drive the growth of the market in the region during the forecast period.

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report

Healthcare Cloud Computing Market – Market Dynamics

Key factors driving market growth

The increased number of cloud vendors is driving the healthcare cloud computing market growth. Several vendors have entered the market to provide services such as EHR and EMR facilities. For instance, Alibaba has launched ET Medical Brain, an AI-assisted solution suite that acts as a virtual assistant in medical imaging, drug development, and hospital management.The market is dominated by a few players. However, other companies are providing cloud services by partnering with existing vendors. For instance, Rackspace offers cloud services in collaboration with Amazon.com.Thus, with a rise in the number of cloud service providers, the market is expected to grow rapidly during the forecast period.

Recent trends influencing the market

The introduction of edge computing is a trend in the healthcare cloud computing market. Edge computing is a method of optimizing cloud computing systems. It can help speed up data collection and analysis, thus improving the overall process speed.Vendors such as BioLert are providing software that uses edge computing for monitoring patients. For example, it can be used for detecting and notifying about the occurrence of epilepsy episodes in patients to their family members or caretakers.Such factors will support the growth of the market during the forecast period.

Major challenges hindering market growth

The shortage of cloud professionals in the healthcare industry is challenging the healthcare cloud computing market growth. There is a high demand for trained cloud computing professionals. However, there is a shortage of qualified and trained cloud computing professionals in the industry.Healthcare organizations employing cloud computing will need to hire trained specialists for application development, data security, and management. The cost of hiring these specialists is high due to their demand.Therefore, a shortage of trained professionals will hamper the growth of the market.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this healthcare cloud computing market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the healthcare cloud computing market between 2023 and 2027Precise estimation of the size of the healthcare cloud computing market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the healthcare cloud computing market across APAC, North America, Europe, Middle East and Africa, and South AmericaThorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of healthcare cloud computing market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by ComponentExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 2022 3.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global healthcare cloud computing market 2017 – 2021Exhibit 18: Historic Market Size – Data Table on Global healthcare cloud computing market 2017 – 2021 ($ billion)4.2 Product Segment Analysis 2017 – 2021Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ billion)4.3 Component Segment Analysis 2017 – 2021Exhibit 20: Historic Market Size – Component Segment 2017 – 2021 ($ billion)4.4 Geography Segment Analysis 2017 – 2021Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)4.5 Country Segment Analysis 2017 – 2021Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments Exhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 SaaS – Market size and forecast 2022-2027Exhibit 34: Chart on SaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 35: Data Table on SaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 36: Chart on SaaS – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on SaaS – Year-over-year growth 2022-2027 (%)6.4 IaaS – Market size and forecast 2022-2027Exhibit 38: Chart on IaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 39: Data Table on IaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 40: Chart on IaaS – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on IaaS – Year-over-year growth 2022-2027 (%)6.5 PaaS – Market size and forecast 2022-2027Exhibit 42: Chart on PaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 43: Data Table on PaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 44: Chart on PaaS – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on PaaS – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Product Exhibit 46: Market opportunity by Product ($ billion)

7 Market Segmentation by Component

7.1 Market segments Exhibit 47: Chart on Component – Market share 2022-2027 (%)Exhibit 48: Data Table on Component – Market share 2022-2027 (%)7.2 Comparison by Component Exhibit 49: Chart on Comparison by ComponentExhibit 50: Data Table on Comparison by Component7.3 Hardware – Market size and forecast 2022-2027Exhibit 51: Chart on Hardware – Market size and forecast 2022-2027 ($ billion)Exhibit 52: Data Table on Hardware – Market size and forecast 2022-2027 ($ billion)Exhibit 53: Chart on Hardware – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Hardware – Year-over-year growth 2022-2027 (%)7.4 Services – Market size and forecast 2022-2027Exhibit 55: Chart on Services – Market size and forecast 2022-2027 ($ billion)Exhibit 56: Data Table on Services – Market size and forecast 2022-2027 ($ billion)Exhibit 57: Chart on Services – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Services – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Component Exhibit 59: Market opportunity by Component ($ billion)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 61: Chart on Market share by geography 2022-2027 (%)Exhibit 62: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 63: Chart on Geographic comparisonExhibit 64: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ billion)Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ billion)Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ billion)Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ billion)Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ billion)Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ billion)Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ billion)Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ billion)Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 Canada – Market size and forecast 2022-2027Exhibit 89: Chart on Canada – Market size and forecast 2022-2027 ($ billion)Exhibit 90: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)Exhibit 91: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.10 UK – Market size and forecast 2022-2027Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ billion)Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ billion)Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)9.11 Germany – Market size and forecast 2022-2027Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ billion)Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.12 France – Market size and forecast 2022-2027Exhibit 101: Chart on France – Market size and forecast 2022-2027 ($ billion)Exhibit 102: Data Table on France – Market size and forecast 2022-2027 ($ billion)Exhibit 103: Chart on France – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on France – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers 10.2 Market challenges 10.3 Impact of drivers and challenges Exhibit 106: Impact of drivers and challenges in 2022 and 202710.4 Market trends 

11 Vendor Landscape

11.1 Overview 11.2 Vendor landscape Exhibit 107: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 108: Overview on factors of disruption11.4 Industry risks Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 110: Vendors covered12.2 Market positioning of vendors Exhibit 111: Matrix on vendor position and classification12.3 Allscripts Healthcare Solutions Inc.Exhibit 112: Allscripts Healthcare Solutions Inc. – OverviewExhibit 113: Allscripts Healthcare Solutions Inc. – Business segmentsExhibit 114: Allscripts Healthcare Solutions Inc. – Key newsExhibit 115: Allscripts Healthcare Solutions Inc. – Key offeringsExhibit 116: Allscripts Healthcare Solutions Inc. – Segment focus12.4 Amazon.com Inc. Exhibit 117: Amazon.com Inc. – OverviewExhibit 118: Amazon.com Inc. – Business segmentsExhibit 119: Amazon.com Inc. – Key newsExhibit 120: Amazon.com Inc. – Key offeringsExhibit 121: Amazon.com Inc. – Segment focus12.5 Athenahealth Inc. Exhibit 122: Athenahealth Inc. – OverviewExhibit 123: Athenahealth Inc. – Product / ServiceExhibit 124: Athenahealth Inc. – Key offerings12.6 Carestream Health Inc. Exhibit 125: Carestream Health Inc. – OverviewExhibit 126: Carestream Health Inc. – Product / ServiceExhibit 127: Carestream Health Inc. – Key offerings12.7 Cognizant Technology Solutions Corp.Exhibit 128: Cognizant Technology Solutions Corp. – OverviewExhibit 129: Cognizant Technology Solutions Corp. – Business segmentsExhibit 130: Cognizant Technology Solutions Corp. – Key newsExhibit 131: Cognizant Technology Solutions Corp. – Key offeringsExhibit 132: Cognizant Technology Solutions Corp. – Segment focus12.8 Dell Technologies Inc. Exhibit 133: Dell Technologies Inc. – OverviewExhibit 134: Dell Technologies Inc. – Business segmentsExhibit 135: Dell Technologies Inc. – Key newsExhibit 136: Dell Technologies Inc. – Key offeringsExhibit 137: Dell Technologies Inc. – Segment focus12.9 DXC Technology Co. Exhibit 138: DXC Technology Co. – OverviewExhibit 139: DXC Technology Co. – Business segmentsExhibit 140: DXC Technology Co. – Key newsExhibit 141: DXC Technology Co. – Key offeringsExhibit 142: DXC Technology Co. – Segment focus12.10 General Electric Co. Exhibit 143: General Electric Co. – OverviewExhibit 144: General Electric Co. – Business segmentsExhibit 145: General Electric Co. – Key newsExhibit 146: General Electric Co. – Key offeringsExhibit 147: General Electric Co. – Segment focus12.11 International Business Machines Corp.Exhibit 148: International Business Machines Corp. – OverviewExhibit 149: International Business Machines Corp. – Business segmentsExhibit 150: International Business Machines Corp. – Key offeringsExhibit 151: International Business Machines Corp. – Segment focus12.12 Microsoft Corp. Exhibit 152: Microsoft Corp. – OverviewExhibit 153: Microsoft Corp. – Business segmentsExhibit 154: Microsoft Corp. – Key newsExhibit 155: Microsoft Corp. – Key offeringsExhibit 156: Microsoft Corp. – Segment focus12.13 NextGen Healthcare Inc. Exhibit 157: NextGen Healthcare Inc. – OverviewExhibit 158: NextGen Healthcare Inc. – Product / ServiceExhibit 159: NextGen Healthcare Inc. – Key offerings12.14 NTT DATA Corp. Exhibit 160: NTT DATA Corp. – OverviewExhibit 161: NTT DATA Corp. – Product / ServiceExhibit 162: NTT DATA Corp. – Key offerings12.15 Oracle Corp. Exhibit 163: Oracle Corp. – OverviewExhibit 164: Oracle Corp. – Business segmentsExhibit 165: Oracle Corp. – Key newsExhibit 166: Oracle Corp. – Key offeringsExhibit 167: Oracle Corp. – Segment focus12.16 Salesforce.com Inc. Exhibit 168: Salesforce.com Inc. – OverviewExhibit 169: Salesforce.com Inc. – Product / ServiceExhibit 170: Salesforce.com Inc. – Key newsExhibit 171: Salesforce.com Inc. – Key offerings12.17 Siemens AG Exhibit 172: Siemens AG – OverviewExhibit 173: Siemens AG – Business segmentsExhibit 174: Siemens AG – Key newsExhibit 175: Siemens AG – Key offeringsExhibit 176: Siemens AG – Segment focus

13 Appendix

13.1 Scope of the report 13.2 Inclusions and exclusions checklistExhibit 177: Inclusions checklistExhibit 178: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 179: Currency conversion rates for US$13.4 Research methodology Exhibit 180: Research methodologyExhibit 181: Validation techniques employed for market sizingExhibit 182: Information sources13.5 List of abbreviations Exhibit 183: List of abbreviations

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