Healthcare Cloud Infrastructure Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Healthcare Cloud Infrastructure Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

Amazon.com Inc., ClearDATA Networks Inc., CloudMine Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation(IBM), Kinvey Inc., Koninklijke Philips NV, Medable Inc., MphRx Inc., NTT Data Communications Systems Corporation., Oracle Corporation, Salesforce Inc., Siemens AG, Allscripts Healthcare Solutions, Athenahealth, Box Cloud Storage Co., CareTech Solutions, Cerner Corporation, CoreSite Realty Corporation, Computer Programs and Systems Inc., Dell Inc., eClinicalWorks, Epic Systems Corporation, GE Healthcare, Google Cloud Healthcare, Greenway Health Co., Infor Healthcare, InterSystems, Iron Mountain Data Centers, Kronos Incorporated, McKesson Corporation, Microsoft Azure, NetApp Co., NextGen Healthcare

Healthcare Cloud Infrastructure Market 2024 Key Insights:

• 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%.
• Rising Investments In Hospital Cloud Computing Technologies Fueling Growth Of Healthcare Cloud Infrastructure Market
• Incorporating Advanced Technologies Ai And Text Analytics Reshaping Healthcare Cloud Infrastructure
• North America was the largest region in the healthcare cloud computing market in 2023

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