The Healthcare Cloud Computing Market is Predict to reach USD 142.7 Billion by 2031, at a CAGR of 17%

Healthcare Cloud Computing Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

• Dell Technologies, Inc.
• Hewlett Packard Enterprise Company
• Microsoft Corporation
• Oracle Corporation
• IBM Corporation
• Salesforce, Inc.
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Siemens Healthineers AG (Siemens AG)
• Koninklijke Philips N.V.
• NTT Data Corporation

Healthcare Cloud Computing Market Report Segmentation

By Application

• Clinical Information Systems (CIS)
  • Electronic Health Records (EHR)
  • Picture Archiving and Communication System (PACS)
  • Radiology Information System (RIS)
  • Others (COPE, PIS, etc.)
• Non-clinical Information Systems (NCIS)
  • Revenue Cycle Management (RCM)
  • Billings & Accounts Management Solution
  • Others (SCM, HIE, etc.)

By Service Model

• Software as a Service (SaaS)
• Platform as a Service (PaaS)
• Infrastructure as a Service (IaaS)

By Deployment Model

• Public Cloud
• Private Cloud
• Hybrid Cloud

By End User

• Healthcare Providers
  • Hospitals
  • Diagnostic and Imaging Centers
  • Pharmacies
  • Ambulatory Centers
• Healthcare Payers
  • Private Payers
  • Public payers

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Healthcare Cloud Computing Market Size 2031

• September-2024
• 177 Pages

LAMEA Healthcare Cloud Computing Market Size, Growth 2031

• September-2024
• 202 Pages

Europe Healthcare Cloud Computing Market Size, Share 2031

• September-2024
• 202 Pages

Asia Pacific Healthcare Cloud Computing Market Size | 2031

• September-2024
• 206 Pages