Healthcare Cloud Computing Market

The global healthcare cloud computing market is projected to reach USD 120.6 billion by 2029 from USD 53.8 billion in 2024, at a high CAGR of 17.5% during the forecast period. The market growth is fueled by several factors, including the increased adoption of EHR, e-prescribing, telehealth, mHealth, and other healthcare IT solutions, the rising use of big data analytics, wearable devices, and IoT, the growing implementation of cloud deployment in the healthcare sector; the enhanced data storage, flexibility, and scalability provided by cloud computing, the emergence of new payment models and the cost-efficiency of cloud solutions; and the evolving nature of health benefit plan designs. However, data security concerns and the complex regulations governing cloud data centers are anticipated to somewhat hinder market growth.

Prominent players in the healthcare cloud computing market include Amazon Web Services, Inc. (US), Microsoft (US), Google, Inc. (US), athenahealth, Inc. (US), CareCloud, Inc. (US), Siemens Healthineers AG (Germany), eClinicalWorks (US), Koninklijke Philips N.V. (Netherlands), Veradigm (US), NTT DATA Group Corporation (Japan), Sectra AB (Sweden), GE Healthcare (US), Nextgen Healthcare, Inc. (US), DXC Technology (US), INFINITT Healthcare, Co. Ltd. (South Korea), Hyland Software, Inc. (US), salesforce, Inc. (US), Fujifilm Holdings Corporation (Japan), VEPRO eHealth Solutions (Germany), Dell Technologies, Inc. (US), and EnSoftek, Inc. (US). These companies adopted strategies such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their market presence in the Healthcare cloud computing market.

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Amazon Web Services, Inc. (AWS) boasts a strong brand and a comprehensive range of products and services in the healthcare cloud computing market. Its extensive global operations help mitigate risks associated with relying on specific regions. AWS prioritizes expanding its product portfolio by regularly launching new products. For instance, in February 2021, the company introduced Amazon Lookout for Vision, and in December 2020, it launched Amazon HealthLake, a service compliant with the US Health Insurance Portability and Accountability Act (HIPAA) for healthcare and life sciences organizations. AWS operates across the Americas, Asia Pacific, Europe, Africa, and the Middle East.

Microsoft, a leading technology company, offers cloud computing services through its Intelligent Cloud segment. The company is heavily invested in research and development, dedicating substantial resources to creating technologies, tools, and platforms for digital work and life experiences, cloud computing, and device operating systems and hardware. Microsoft's R&D facilities are located in the US, India, China, the UK, Canada, the Czech Republic, Ireland, and Israel. The company's operations span the Americas, Europe, the Asia Pacific, and the Middle East & Africa.

Athenahealth, Inc. is one of the leading providers of cloud-based services and mobile applications for medical groups and health systems. The company delivers cloud solutions for revenue cycle management and medical billing, patient engagement,  electronic health records, care coordination, population health management, and clinical intelligence and decision support. Athenahealth has a significant presence in North America, supported by its R&D, manufacturing, sales, distribution, and service facilities.

Related Reports:

Healthcare Cloud Computing Market by Product (EHR, VNA, RIS, LIS, RCM), Deployment (Private, Public), Component (Software, Service), Pricing (Spot), Service Model (SaaS, IaaS, PaaS), End User (Provider (Hospital), Payer) - Global Forecast to 2029

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