Research Methodologies Followed for This Study:

Primary Research:

In order to gather qualitative and quantitative data for this report, a variety of supply-side and demand-side sources were interviewed during the main research phase. Industry experts like CEOs, vice presidents, directors of marketing and sales, directors of technology and innovation, engineers, and similar senior executives from different firms and organizations operating in the healthcare cloud computing market were among the primary sources from the supply side. Personnel from biotechnology and pharmaceutical businesses, research institutes, and hospitals (small, medium-sized, and major hospitals) were the primary contributors from the demand side.

Secondary Research:

This research study made considerable use of secondary sources, which included annual reports, white papers, company house documents, directories, and databases including Factiva, Bloomberg Businessweek, and Dun & Bradstreet. The secondary research was conducted with the intention of collecting and analyzing data for an extensive and commercially oriented assessment of the healthcare cloud computing market, covering both technical and market characteristics. Key player identification, market classification, industry trends, regional markets, and noteworthy developments pertaining to the market were also made easier by it. By secondary research, a database of well-known business executives was also assembled.

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Major Growth Driving Factors:

The growing adoption of EHR, e-prescribing, telehealth, mHealth, and other healthcare IT solutions as a result of pandemics, the growing use of wearable technology, big data analytics, and the Internet of Things, the growing deployment of cloud solutions in the healthcare sector, and the enhanced data storage, flexibility, and scalability provided by cloud computing are some of the major factors propelling the healthcare cloud computing market. Further driving the market's expansion are the emergence of new payment structures, the affordability of cloud services, and the fluidity of health benefit plan designs. On the other hand, it is anticipated that worries about data security and the intricacy of laws governing cloud data centers may limit market expansion to some degree.

Projected Surge in Global Revenue:

The size of global healthcare cloud computing market in terms of revenue was estimated to be worth $53.8 billion in 2024 and is poised to reach $120.6 billion by 2029, growing at a CAGR of 17.5% from 2024 to 2029.

Opportunity: The growth of online health consultations and telecloud.

Bringing cloud computing and wireless technology together has shown to be a strong way to provide healthcare services to remote locations. In many nations, the bulk of doctors and specialists live in cities, underserving the need for specialized medical treatment in rural areas. Healthcare providers may diagnose and treat patients remotely over great distances in real time and at a reasonable cost by implementing telecloud technologies, which can efficiently address this difficulty.

Challenge: Growing issues with portability and interoperability

For every hospital or healthcare facility, having quick and simple access to patient data is essential. When a hospital moves its data to the cloud, it is stored on platforms and systems that are run by the service provider, which may cause problems with interoperability. The Cloud APIs and interfaces are the main obstacle to interoperability in cloud computing. The lack of uniform protocols among cloud service providers impedes the smooth transfer of data between different cloud-based solutions, resulting in data portability problems.

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“North America accounted for the largest share of the healthcare cloud computing market in 2023.”

The healthcare cloud computing market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

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