Healthcare Software As A Service Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Microsoft Corporation, Salesforce Inc., SAP SE, Oracle Corporation, Google LLC

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2323

The Business Research Company offers in-depth market insights through Healthcare Software As A Service Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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. .

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Market Segmentation:
The healthcare software as a service market covered in this report is segmented -

1) By Application: Patient Portal, Telemedicine, Mobile Communication, ePrescribing, EHR Systems, ERP & HR Portal, Medical Billing
2) By Deployment Model: Private, Hybrid, Public
3) By Organization Size: Large Enterprise, Small And Medium Enterprises
4) By End-User: Provider, Payer

Major Driver - Rising Cloud Computing Adoption Drives Growth In Healthcare Software As A Service Market
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.

Competitive Landscape:
Major companies operating in the healthcare software as a service market report are Microsoft Corporation, Salesforce Inc., SAP SE, Oracle Corporation, Google LLC, Adobe Systems Incorporated, Cisco Systems Inc., International Business Machines Corporation, ServiceNow Inc., Workday Inc., Zocdoc Inc., ClassPass Inc., Thrive Global Holdings Inc., Talkspace Inc., Pager Technologies Inc., AiCure Technologies Inc., Noom Inc., Optum Inc., Kareo Inc., Smartsheet Inc., Madaket Health Inc., SimplyVital Health Inc., Tailoredcare India Private Limited, Boston Technology Research LLC, Health Data Vision Inc., Veeva Systems Inc., Cerner Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., eClinicalWorks LLC, Greenway Health LLC, AdvancedMD Inc., drchrono Inc., CareCloud Corporation

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Top Trend - Technological Advancements Drive Innovation In The Healthcare Software As A Service Market
Technological advancement is a key trend that is gaining popularity in the healthcare software as a service market. Major companies operating in the healthcare SaaS market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation SaaS technologies into their services, such as Artificial Intelligence (AI), Vertical SaaS, 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 SaaS data analytics, warehousing, and business intelligence offerings with consulting services on demand for the healthcare industry.

The Table Of Content For The Market Report Include:
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. Healthcare Software As A Service Market Size And Growth
…..
27. Healthcare Software As A Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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