LONDON--(BUSINESS WIRE)--The healthcare cloud computing market is expected to grow by USD 25.54 billion, progressing at a CAGR of almost 23% during the forecast period. Download Free Sample Report
The increasing cloud-assisted medical collaborations is one of the major factors propelling market growth. However, factors such as a shortage of cloud professionals in the healthcare industry will hamper market growth.
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Healthcare Cloud Computing Market: Product Landscape
SaaS solutions held the major share, owing to their easy deployment, less lead time compared with on-premises software solutions, and the service provider's ownership of maintenance and support tasks. Healthcare organizations adopt SaaS-based solutions for streamlining their CRM, accounting, payroll, SCM, and healthcare information systems. With the high potential for cloud computing in healthcare, numerous vendors are providing SaaS-based products for healthcare organizations. Market growth in this segment will be faster than the growth of the market in the IaaS and PaaS segment.
Healthcare Cloud Computing Market: Geographic Landscape
North America was the largest healthcare cloud computing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing adoption of cloud computing by healthcare institutes and increasing launch of various cloud computing products will significantly influence healthcare cloud computing market growth in this region. Almost 40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for healthcare cloud computing in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.
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Companies Covered:
- Allscripts Healthcare Solutions Inc.
- Amazon Web Services Inc.
- athenahealth Inc.
- Carestream Health Inc.
- General Electric Co.
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.
- Salesforce.com Inc.
- Siemens Healthineers AG
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- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Customer landscape
- Overview
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Allscripts Healthcare Solutions Inc.
- Amazon Web Services Inc.
- athenahealth Inc.
- Carestream Health Inc.
- General Electric Co.
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.
- Salesforce.com Inc.
- Siemens Healthineers AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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