Microservices in Healthcare Market Report on Growth Drivers - Consulting and Integration Holds the Largest Industry Shares

The microservices in healthcare market is marked by the presence of several big and small players. Some of prominent players in market include AWS (US), CA Technologies (US), Microsoft (US), Salesforce (US), Pivotal Software, Inc. (US), Infosys (India), IBM (US), NGINX Inc. (US), Oracle (US), and Syntel (US).

Microservices in healthcare market is projected to reach USD 343.3 million by 2023 from estimated USD 130.7 million in 2018, at a CAGR of 21.3%. Benefits of microservice architecture, like their ability to increase overall efficiency & project delivery speed, are primary factor driving market growth. Concerns regarding security & regulatory compliance & complexity of architecture are expected to hinder growth of this market.

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The micro services in healthcare market is segmented into platforms and services. The services segment is further segmented into consulting services, integration services, and training, support, and maintenance services. Considering dynamic nature of this market segment, currently, several vendors are innovating & offering various services in an effort to expand their customer base across the globe.

The Objectives of this study are as follows:
• To define, describe, and forecast the global microservices in healthcare market by deployment model, component, end user, and region
• To provide detailed information about the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
• To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
• To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, expansions, and research & development activities in the microservices in healthcare market

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Study estimates the microservices in healthcare market size for 2018 and projects its demand till 2023. In primary research process, various sources from both demand and supply sides were interviewed to obtain qualitative and quantitative information for report. Primary sources from supply side include various industry CEOs, vice presidents, marketing directors, technology & innovation directors, & related key executives from various players in microservices in healthcare market.

Target Audience for this Report are Cloud microservice platform and solution vendors, Cloud service providers, Cloud microservice providers, Application developers, Container service providers, System integrators, Third-party vendors, Government agencies and organizations, Regulatory and compliance agencies, Hospitals, Venture capitalists and Market research and consulting firms.

The micro services in healthcare market in North America is expected to register the highest growth rate during the forecast period. The high growth rate of micro services in healthcare market in North America is attributed to the growing focus on improving overall efficiency of healthcare organizations and greater product and service availability in the region.

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The micro services in healthcare market is segmented into on-premise model and cloud-based model. In 2018, the cloud-based models segment is expected to register a higher CAGR during the forecast period. Cloud-based micro services are sold on the basis of subscriptions ranging from one month to multiple years.

The report provides an overview of the micro services in healthcare market. It aims at estimating the market size and growth potential of this market across different segments such as deployment model, component, end user, and region.Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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