Overview:
The Health Cloud Market is expected to surpass USD 115.7 Billion by 2030 with a CAGR rate of 15.6% during the projected period.The global health cloud market is driven by rapid advancements in technology, growing opportunities for digitalization, and rising penetration of wearable and smart medical devices. These factors have helped shape the health cloud market and are expected to boost the growth. Companies in the health cloud market could also face challenges such as data security and privacy concerns. The details covered in the health cloud market report cover all the aspects of the industry. Analysts studying the health cloud market have also shared growth projections in the report and have suggested health cloud market players to plan business strategies accordingly.
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Key Players:
The prominent players active in the global market of health cloud are,
• Amazon Web Services, Inc. (US)
• Microsoft Corporation (US)
• IBM Corporation (US)
• Oracle Corporation (US)
Market Segmentation:
The global health cloud market has been segmented based on application, component, deployment, end user, and service model. On the basis of application, the market for health cloud is segmented based on analytics & reporting, care management, clinical data management, data storage, and others. Additionally, the market on the basis of components, is segmented into software and services. The global market for health cloud is also covered based on the end user segment which is further split into training, consulting, and implementation and maintenance. On the basis of deployment, the market for health cloud is segmented based on private, public and hybrid cloud. Additionally, the market on the basis of service model, is segmented into IaaS, PaaS and SaaS.
Factors like flexibility, effective data storage capability, scalability, and cost-effective features, support the health cloud market growth. The performance of the health cloud market has also been studied for the past and current years. Additionally, the health cloud market report provides analysis of these segments. The health cloud market segmental analysis provided in the report offers major details about the health cloud market based on the data and forecasts till 2024.
Regional Overview:
Companies in the health cloud market are spread across the world. The health cloud market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American health cloud market has many companies across the United States, Canada, and Mexico. The health cloud market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the health cloud market can be found in the market research report. Europe has companies in the health cloud market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the health cloud market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Landscape:
The health cloud market is supported by increasing adoption of cloud platforms. The population growth around the world and increasing demand of health cloud market based services and products also support the market growth. However, the health cloud market growth can be affected due to interoperability issues of the cloud platform. The report covers all such details which will help companies in the health cloud market to strengthen their business plan and improve their product portfolio. The health cloud market research report also provides company profiles of major companies. The company profiles of many organizations operating in the health cloud market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the health cloud market. New companies and established businesses can plan their strategies based on this data provided in the health cloud market research report.
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Health Cloud Industry Developments:
January: Google Cloud announced a new partnership with Cerner to help healthcare organizations accelerate their digital transformation.
February: Amazon Web Services (AWS) launched a new suite of healthcare cloud services, including AWS Health Lake and AWS Health Data Exchange.
March: Microsoft announced a new partnership with Epic Systems to help healthcare organizations adopt cloud-based solutions.
April: The Department of Health and Human Services (HHS) released a new cloud strategy for healthcare, which outlines the agency's plans to promote the use of cloud computing in the healthcare industry.
May: The Healthcare Information and Management Systems Society (HIMSS) released a new report on the state of healthcare cloud computing, which found that the use of cloud computing in healthcare is growing rapidly.
June: The Centers for Medicare & Medicaid Services (CMS) announced that it will begin accepting applications for the Cloud First Program, which will provide financial incentives to healthcare organizations that adopt cloud-based solutions.
July: The National Institute of Standards and Technology (NIST) released a new cloud security framework for healthcare, which provides guidance on how to secure cloud-based healthcare systems.
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