Healthcare Cloud Computing Market Analysis, by Application by Deployment, by Service model, by Pricing model, by End-use and by Region - Global Forecast to 2031

The healthcare cloud computing market size is estimated to be USD 38.6 billion in 2021 and is expected to witness a CAGR of 19.25% during the forecast period 2021-2031. Increasing need for integrated information systems is a key driver for this market, owing to rise in the frequency of chronic diseases and a geriatric population. The expanding demand-supply gap in the healthcare industry has resulted in a greater need for IT, which has boosted cloud computing usage in this sector. The market is expected to grow as demand for cloud-based information systems expands. Furthermore, the significant reason driving market demand is technically advanced healthcare infrastructure, particularly in developed nations' hospitals. Market growth is projected to be hampered by interoperability and mobility challenges, and data privacy and security issues.

By Application

On the basis of application, the healthcare cloud computing market is divided into non-clinical information systems and clinical information systems. In 2021, the non-clinical information systems segment held the highest market share owing to the high presence of cloud computing services for different applications such as healthcare information exchange, revenue cycle management, supply chain management, fraud management, billing & accounts management, and financial management.

By Deployment

Base on deployment, the market is divided into hybrid cloud, public cloud, and private cloud. In 2021, the private cloud segment held the highest share due to the public model is a cloud hosting platform that allows customers to access systems and services.

By Service model

Based on service model, the market is segmented into infrastructure-as-a-service, platform-as-a-service, and software-as-a-service. In 2021, the software-as-a-service segment was the highest revenue-grossing due to various benefits over on-premise solutions, including such security, reduced total cost of ownership, shorter deployment time, and limited up-front capital expenses.

By Pricing model

In terms of pricing model, the market is segregated into spot pricing, pay-as-you-go, and spot pricing. In 2021, the pay-as-you-go held the largest share due to the fact that the pay-as-you-go approach, also referred to as the utility-based economic model, enables doctors to take advantage of cutting-edge software but keeps operational expenses low.

By End-use

Based on end-use the market is divided into healthcare payers and healthcare providers. In 2021, the healthcare providers segment has the highest share owing to rise in the number of hospital connections through the cloud.

Regional Markets

In 2021, North America region accounted for the highest revenue in the healthcare cloud computing market owing to rising adoption of EHRs and the developing applications of analytical IT solutions in health management to optimise workflow and increase process efficiency. Furthermore, improvements in healthcare IT infrastructure and increase in IT efforts by both public and private players are boosting market growth.

Competitor Insights

Some of the key players operating in the healthcare cloud computing market are IBM (US), Carestream Health (US), athenahealth (US), Hyland Software (US), Siemens Healthineers (Germany), eClinicalWorks (US), Koninklijke Philips NV (Netherlands), Allscripts Healthcare Solutions (US), Fujifilm Holdings (Japan), GE Healthcare (US).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including Application, Deployment, Service model, Pricing model, and End-use from 2021 to 2029.

Segmentation: Healthcare cloud computing Market Report 2021 - 2031

By Application (Revenue, USD Billion)

• Non-clinical information systems
• Clinical information systems

By Deployment (Revenue, USD Billion)

• Hybrid cloud
• Public cloud
• Private cloud

By Service model (Revenue, USD Billion)

• Infrastructure-as-a-service
• Platform-as-a-service
• Software-as-a-service

By Pricing model (Revenue, USD Billion)

• Spot pricing
• Pay-as-you-go

By End-use (Revenue, USD Billion)

• Healthcare payers
• Healthcare providers

By Region (Revenue, USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA