Healthcare Cloud Infrastructure Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis??Posted by Mrudula Anil Karmarkar on June 14th, 2023 The global healthcare cloud infrastructure market size is expected to reach USD 193.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.7% from 2023 to 2030. The rising shift towards healthcare digitalization, rapidly increasing expenditures, heavily burdened health systems, growing data siloes, increasing network traffic, and the advent of remote working are all driving the demand for healthcare cloud infrastructure systems and solutions. To enhance facility management, businesses are continually implementing hybrid cloud models to incorporate various operations and functions in a multi-cloud environment. Moreover, these advanced computing solutions enable organizations to manage data safely and reliably while providing optimal care with improved operational and clinical results. The Covid-19 disease outbreak exposed the flaws of overburdened healthcare systems and reinforced the need for enhanced computing systems as well as other advanced IT technological solutions to lay the groundwork for digitalization. These solutions enable organizations to optimize workflows, optimize resource management, improve cost optimization, handle growing network traffic efficiently, and mitigate risk. Key players are constantly developing merger and acquisition and collaboration strategies to correspond to their R&D goals to drive innovation and diversify their product portfolios. For instance, in March 2022, Microsoft completed its USD 19.7 billion all-cash acquisition of voice recognition and AI vendor Nuance Communications. Microsoft hopes to expand ambient clinical intelligence as well as other Microsoft cloud services to the healthcare sector. The services component segment dominated the market in 2022 due to the relative ease with which these services could be outsourced from vendors, as healthcare organizations lacked the necessary technology skillset and expertise. These organizations benefit from improved flexibility, scalability, and secure data management provided by advanced computing systems, which has a positive effect on market growth. The cloud infrastructure market offers Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). The hardware segment is anticipated to witness significant growth over the forecast period owing to an increase in the demand for hardware platforms with greater computing power. However, due to the many advantages offered by advanced computing systems like secure off-site data collection and management as well as the availability of IT solution outsourcing, the healthcare providers' end-use segment dominated the market in 2021. The healthcare payers segment is expected to grow at the fastest rate over the forecast period due to the increasing implementation of smart computing systems in risk assessment, secure data collection, fraud detection, storage, and claim settlement. North America dominated the market in 2021 owing to the advanced IT infrastructure, increased IT expenditure, and the strong presence of key market players. Moreover, the incidence of specialized start-ups in the Asia Pacific region is anticipated to boost the demand even further. To Request Sample Copy of this report, click the link: The growing trend of digitalization of healthcare, the integration of advanced AI/ML algorithms, cloud deployment of healthcare systems, rising expenditure, inefficient facility management, and overburdened systems are creating a surge in demand for healthcare cloud infrastructure. Care facilities would be able to integrate and streamline their workflows, drive their operational and functional outcomes, enhance data management and security, and deliver optimum care. It is anticipated to boost the adoption and demand for these cloud infrastructure systems and bolster market growth. Healthcare Cloud Infrastructure Market Report Highlights
The market for healthcare cloud infrastructure increased by 9.7% from 2023 to 2020. The market is estimated to witness a y-o-y growth of approximately 16.7% to 17.5% in the next 5 years. The pandemic positively impacted the demand for advanced cloud infrastructure and solutions due to the rise in the implementation of these systems across several organizations. The Covid-19 pandemic has upended how businesses function and has overburdened back-end support services and increased traffic on networks. Resilient and scalable IT computing solutions are paving the path to meet the growing demand for these advanced technologies. The pandemic led to remote working and relying on virtual digital events, which significantly increased the demand for cloud infrastructure implementation. Clinical providers are rapidly adjusting to adopt these advanced solutions. Furthermore, the implementation of these systems and solutions allows organizations to drastically cut down on their IT spending and focus on seamlessly remote working. The increasing access of the healthcare industry to advanced technological solutions and the rise in the adoption of cloud computing to reduce costs and improve flexibility, storage, and scalability are expected to fuel the market growth. The growing IT infrastructure in developed countries is one of the key factors driving the demand. Care facilities are burdened with the growing patient population and volume of patient information and demand real-time data access and integration of data. The potential of the healthcare IT industry is attracting public and private investments, which are expected to positively impact market growth. List of Key Players in Healthcare Cloud Infrastructure Market
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