According to a new report, published by KBV research, The Global Healthcare Cloud Computing Market size is expected to reach $142.7 billion by 2031, rising at a market growth of 17.0% CAGR during the forecast period.
The Clinical Information Systems (CIS) segment is generating the highest revenue in the Global Healthcare Cloud Computing Market by Application in 2023; thereby, achieving a market value of $78.4 billion by 2031. CIS applications are essential for the direct management of patient care, encompassing electronic health records (EHRs), computerized physician order entry (CPOE), radiology information systems (RIS), and other systems that healthcare providers rely on for diagnostics, treatment planning, and patient monitoring.
The Platform as a Service (PaaS) segment is registering a CAGR of 17.3% during (2024 - 2031). PaaS solutions provide healthcare organizations a flexible platform to develop, test, and deploy customized applications tailored to specific healthcare needs. The growing emphasis on developing healthcare apps, improving interoperability, and integrating artificial intelligence (AI) and machine learning (ML) for advanced analytics are key factors driving the growth of the PaaS segment.
The Public Cloud segment is leading the dominated the Global Healthcare Cloud Computing Market by Deployment Model in 2023; thereby, achieving a market value of $70.2 billion by 2031. Third-party providers manage public cloud services and offer healthcare organizations significant cost savings, scalability, and flexibility. Hospitals, clinics, and research institutions that experience fluctuating data requirements are particularly attracted to the public cloud due to its capacity to expand or contract in response to demand.
The Healthcare Payers segment exhibits a CAGR of 17.9% during (2024 - 2031). Healthcare payers use cloud computing to process large amounts of claims data, streamline administrative tasks, and improve provider collaboration. Cloud solutions offer payers the flexibility to handle complex data management needs, such as processing claims more efficiently, enhancing fraud detection, and optimizing customer service through better access to patient information.
Full Report: https://www.kbvresearch.com/healthcare-cloud-computing-market/
The North America region dominated the Global Healthcare Cloud Computing Market by Region in 2023; thereby, achieving a market value of $53.4 billion by 2031. The Europe market is anticipated to grow at a CAGR of 16.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 17.7% during (2024 - 2031).
By Application
By Service Model
By Deployment Model
By End User
By Geography
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