Press release
Soaring Demand Set to Propel Healthcare Cloud Infrastructure Market to $205.21 Billion by 2029
Healthcare Cloud Infrastructure Market
What Is the Expected CAGR for the Healthcare Cloud Infrastructure Market Through 2025?
In the past few years, the market size of the healthcare cloud infrastructure has seen rapid growth. A jump from $85.23 billion in 2024 to $100.45 billion in 2025, manifesting a compound annual growth rate (CAGR) of 17.9%, is expected. The historic period's growth is largely due to factors such as the demand for data storage, cost-effectiveness, scalability, interoperability and remote access.
What's the Projected Size of the Global Healthcare Cloud Infrastructure Market by 2029?
Expectations suggest that the healthcare cloud infrastructure market will witness substantial expansion in the ensuing years, reaching a staggering $205.21 billion in 2029, thanks to a compound annual growth rate (CAGR) of 19.6%. Factors contributing to this forecasted growth comprise the expansion of telemedicine, genomic and precision medicine, adherence to regulatory compliance and data security, readiness for pandemics, and the incorporation of blockchain. The forecast period will also see the prevalence of trends such as the adoption of hybrid cloud, edge computing in the healthcare sector, service-based security and compliance, the application of artificial intelligence and machine learning, data lakes and their analytics, and cloud-native applications.
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Top Growth Drivers in the Healthcare Cloud Infrastructure Industry: What's Accelerating the Market?
An increase in investment towards the adoption of hospital cloud computing technologies in medical facilities is anticipated to fuel the expansion of the healthcare cloud infrastructure market. Cloud computing technologies are employed in hospitals to establish remote servers navigable online for the purpose of organizing, storing, and processing patient data. There's a shift to digital strategies like cloud computing in hospitals aimed at cost reduction and operational enhancement, thereby increasing the need for cloud infrastructure and its deployment components. A case in point is the Delhi government project valued at $18.9 million (Rs 13.9 billion), cited by Healthcare IT News, a US-based B2B media entity specializing in healthcare and technology sectors; the project aims to establish a cloud-based hospital information management system for Delhi's public hospitals. Hence, the rise in funding for the implementation of cloud computing in hospitals is bolstering the demand for the healthcare cloud infrastructure market.
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What Trends Will Shape the Healthcare Cloud Infrastructure Market Through 2029 and Beyond?
The rise in technology is a significant trend that is gaining traction in the healthcare cloud infrastructure market. The prime players in this market are focusing on incorporating new technologies such as artificial intelligence and text analytics to enhance workflow productivity and decrease expenses. For example, in March 2022, Microsoft Corporation, a US-based software firm specializing in cloud infrastructure, upgraded its Microsoft Cloud for Healthcare with AI and text analytics features. This upgrade is designed to provide comprehensive data understanding, lessen the administrative load on providers, improve the efficiency of frontline care teams, and encourage workflow automation. As a result, care quality improves, clinician burnout reduces, insights can be derived from unprocessed medical data, and superior care can be provided more quickly and at reduced costs.
What Are the Main Segments in the Healthcare Cloud Infrastructure Market?
The healthcare cloud infrastructure market covered in this report is segmented -
1) By Component: Hardware, Services
2) By Pricing Model: Pay-As-You-Go, Spot Pricing
3) By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
4) By End-User: Healthcare Providers, Healthcare Payers
Subsegments:
1) By Hardware: Servers, Storage Devices, Networking Equipment, Security Appliances
2) By Services: Cloud Storage Services, Cloud Computing Services, Cloud Security Services, Consulting And Integration Services
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Which Top Companies are Driving Growth in the Healthcare Cloud Infrastructure Market?
Major companies operating in the healthcare cloud infrastructure market include 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
Which Regions Will Dominate the Healthcare Cloud Infrastructure Market Through 2029?
North America was the largest region in the healthcare cloud computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare cloud infrastructure market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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