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Healthcare Cloud Computing Market to grow significantly at a healthy CAGR by 2028 | Ambra Health, CareCloud Corporation, Cisco Systems Inc., IBM Corp among Others

02-21-2020 06:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Healthcare Cloud Computing Market to grow significantly at

According to the latest report by Quince Market Insights, increasing demand from healthcare providers and healthcare payers for various applications is expected to drive the market growth of the healthcare cloud computing market during the forecast period. Cloud computing uses an internet-hosted network of remote servers to gather, manage, and process information. It uses no local servers and reduces the overall infrastructure costs considerably. In addition, maintenance costs are also enormous in the case of local servers for setup costs.

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In addition, cloud computing allows for easy data availability by increasing data collection in real-time. Cloud computing has outperformed the traditional healthcare system of storing data by offering efficiency and speed in handling data, such as cloud computing has enabled effective remote patient monitoring. According to the Health Information and Management Systems Society (HIMSS), 83% of healthcare providers use cloud computing technology and 53% of professionals use could compute supported devices for work such as smartphones and wearable to track their calorie intake, work out details, etc.

Rising demand for patient awareness, stringent regulatory compliance, and mounting investments from companies such as IBM, CISCO, and government bodies are expected to generate a demand for cloud computing during the forecast period. However, issues related to data security, data portability, and data breaches may affect the healthcare cloud computing market growth during the forecast period.

Segmentation for better understanding of this market

Based on application, the healthcare cloud computing market has been segmented into non-clinical information system - automatic patient billing, revenue cycle management, claims management, fraud management, and others; and clinical information system - computerized physician order entry, electronic medical records, telehealth, radiology information system, pharmacy information system, and others. The clinical information system application segment is leading the market due to the efficient management of patient data in critical care and high demand for clinical information systems from healthcare providers and hospitals. Based on the service model, the market has been divided into Infrastructure Service (IaaS), Payers Platform Service (PaaS), and Software service (SaaS)

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The market for healthcare cloud computing has been segmented based on the deployment model into the private cloud, public cloud, and hybrid cloud. Based on end-user, the market has been divided into healthcare providers and healthcare payers.

The market has been studied for North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and the Rest of the World.

The market is highly fragmented with the presence of many large and small market players. Key players in the market include Ambra Health, CareCloud Corporation, Cisco Systems Inc., IBM Corp., GNAX Health, INFINITT Healthcare, Iron Mountain Inc., NTT DATA Corporation, Microsoft Corp, NextGen
Healthcare, Oracle Corp., and Qualcomm Inc.
Significant Factors Impacting Market Growth:

o Cloud computing technology will safeguard patient data
o Real-time data security, protection from unauthorized breaches and access
o Cloud computing technology offers robust backup, high data availability, and disaster recovery capabilities
o It reduces cost with enhanced efficiency

Insights about the regional distribution of market:

North America, Western Europe, and the Asia Pacific by region are estimated to dominate the healthcare cloud computing market during the forecast period. These regions were the market leaders in terms of technological developments and advanced medical treatments for the overall healthcare sector. In addition, government policies were favorable to the growth of health-care infrastructure in these regions. There is an established health care infrastructure in North America and Western Europe for product innovations and early adaptations. This is expected to drive the market demand for cloud computing in healthcare during the forecast period.

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The US, Germany, France, UK, Canada, and Spain have been major markets in the region. Asia Pacific is estimated to register one of the highest CAGR for the healthcare cloud computing market during the forecast period. This region has seen strategic investments by global companies to cater to the growing demand in recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for healthcare cloud computing market in the region. Other regions including the Middle East, Eastern Europe, and the Rest of the World (South America and Africa) are estimated to be emerging markets for healthcare cloud computing during the forecast period.
Companies Covered: Ambra Health, CareCloud Corporation, Cisco Systems Inc., IBM Corp., GNAX Health, INFINITT Healthcare, Iron Mountain Inc., NTT DATA Corporation, Microsoft Corp., NextGen Healthcare, Oracle Corp., and Qualcomm Inc.

Market Segmentation:

By Application:
o Non-clinical Information System
o Automatic Patient Billing
o Revenue Cycle Management
o Claims Management
o Fraud Management
o Others

o Clinical Information System
o Computerized Physician Order Entry
o Electronic Medical Records
o Telehealth
o Radiology Information System
o Pharmacy Information System
o Others

By Service Model:
o Infrastructure Service (IaaS)
o Payers Platform Service (PaaS)
o Software service (SaaS)

By Deployment Model:
o Private Cloud
o Public Cloud
o Hybrid Cloud

By End User:
o Healthcare Providers
o Healthcare Payers

By Region:
North America
o By Country (US, Canada, Mexico)
o By Application Type
o By Service Model
o By Deployment Model
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o Application Type
o By Service Model
o By Deployment Model
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o Application Type
o By Service Model
o By Deployment Model
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o Application Type
o By Service Model
o By Deployment Model
o By End User
Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o Application Type
o By Service Model
o By Deployment Model
o By End User
o Rest of the World
o
o By Region (South America, Africa)
o Application Type
o By Service Model
o By Deployment Model
o By End User

Reasons To Buy This Report:

Market size estimation of the healthcare cloud computing market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +1 208 405 2835 / +44 121 364 6144 / +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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