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The global healthcare cloud computingmarket accounted for 29.3 billion in 2020and is estimated to be US$ 120.7 billion by 2029 and is anticipated to register a CAGR of 17.0%.

ThereportGlobal Healthcare Cloud Computing Market, By Component (Services and Software), By Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), By Application (Clinical Information Systems and Nonclinical Information Systems), By End-use (Hospitals, Pharmacies, Diagnostic & Imaging Centers, Ambulatory Centers, Private Payers, and Public Payers),and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) Trends, Analysis and Forecast till 2029.

Key Highlights:

Analyst View:

The growing demand-supply gap in the healthcare industry has led to an increased need for IT, boosting the adoption of cloud computing in this industry. The rising demand for cloud-based information systems is expected to boost the market. Technologically advanced healthcare infrastructure, especially the hospitals in developed countries, is one of the key factors amend market demand. With the rising population and volume of patient information, integration of data and having real-time access has become the need of the hour. An increase in investments by several private and public organizations in healthcare IT infrastructure is also one of the factors expected to positively impact growth in the near future. Teleradiology, audio/video conferencing, telesurgery are the recent advancements in the global healthcare cloud computing market. These services not only allow patients to get clinical treatment without going to healthcare professionals but also help medical specialists share opinions & consult others on complex cases. Digital medical libraries offer a variety of services, such as query languages, library management systems, and indexing services, which enables physicians to improve their practice.

Growing pharmaceutical industry

The increasing adoption of big data analytics, wearable devices, and IoT in healthcare and the advantages of cloud usage, such as improved storage, flexibility, and scalability of data, technological advancements in healthcare infrastructure, and increasing cloud deployments in the healthcare industry are the key drivers of the healthcare cloud computing market growth. Rising patient population worldwide and subsequent increase in the burden on healthcare systems will further upsurge the demand for healthcare cloud computing solutions.

Browse 60 market data tables* and 35figures* through 140 slides and in-depth TOC on GlobalHealthcare Cloud ComputingMarket, ByComponent (Services and Software), By Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), By Application (Clinical Information Systems, and Nonclinical Information Systems), By End-use (Hospitals, Pharmacies, Diagnostic & Imaging Centers, Ambulatory Centers, Private Payers, and Public Payers),and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global healthcare cloud computingmarket accounted for 29.3 billion in 2020and is estimated to be US$ 120.7 billion by 2029 and is anticipated to register a CAGR of 17.0%. The market report has been segmented on the basis ofcomponent, deployment, application, end user and region.

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Competitive Landscape:

The prominent player operating in the global healthcare cloud computing market includesIBM, athenahealth, Siemens Healthineers, Koninklijke Philips NV, Allscripts Healthcare Solutions, Fujifilm Holdings, GE Healthcare.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Global Healthcare Cloud Computing Market is estimated to be 120.7 billion by 2029 with a CAGR of 17.0% during the forecasted period KSU | The...