The global cloud computing market in healthcare industry size was US$ 532.02 billion in 2021. The global cloud computing market in healthcare industry size is forecast to reach US$ 1277.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2022 to 2030.

Cloud computing in the healthcare industry is the process of storing, maintaining, and retrieving personal health information using cloud computing services and infrastructure. The healthcare sector has benefited from cloud computing by offering an on-demand hosted service, on-demand computing, and large storage, among other services. For administrations, nurses, and physicians, it improved the accessibility of information.

Factors Influencing Market Growth

• Major factors contributing to the growth of the global market include the increasing access to advanced technology, such as machine learning, the increase in the use of information technology in the healthcare sector, and the use of cloud computing for reducing costs and improving scalability, storage, and flexibility.
• Efficiencies such as IoT support, data automation, and storage that streamline the treatment process are creating tremendous growth opportunities for the global market.
• The high risk of data security breaches and privacy concerns may slow down the overall market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had an overall positive impact on the market. Due to a large amount of research work and clinical trials conducted across the globe, the data generated by these studies need to reside in a safe environment that can handle large volumes of data. Cloud computing is an excellent solution to both space constraints and security concerns since it allows huge amounts of data to be hosted privately on a dedicated channel. For organizations and companies during the COVID-19 pandemic, cloud-based services allow for faster implementation and scaling across many different environments. Companies do not have to procure additional hardware (such as servers needed for on-premises solutions), allowing remote implementation. 

Regional Insights

In 2020, North America held the largest market share for cloud computing in healthcare and is forecast to maintain that position during the forecast period. Due to the presence of a large number of biopharmaceutical companies that are active in R&D and use IT support to optimize their processes. Increased spending on IT in the healthcare industry also influences the market size. Due to health care organizations (HCOs) needing to reduce IT spending, and adopting cloud computing for IT solutions during the forecast period, this market is forecast to show high growth potential. Technological advances, IT infrastructure virtualization, adoption of hospital information systems such as EMRs, EHRs, and PHRs, and incentives for digitalization are driving the market in the region.

Leading Competitors

The leading prominent companies profiled in the global cloud computing market in healthcare industry are:

• CareCloud Corporation
• ClearDATA Networks
• Carestream Health, Inc.
• AGFA Healthcare
• Cisco Systems, Inc.
• Merge Healthcare, Inc.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Oracle Corporation
• Amazon Web Services
• e-Zest
• Kinvey
• Salesforce
• Other Prominent Players

Scope of the Report

The global cloud computing market in healthcare industry segmentation focuses on Service Model, Pricing Model, Cloud Type, Application, End- Users, and Region.

Segmentation based on Service Model

• Infrastructure-as-a-Service (IaaS)
• Platform-as-a-Service (PaaS)
• Software-as-a-Service (SaaS)

Segmentation based on Pricing Model

• Spot Pricing or Subscription Model
• Pay-as-you-go Model

Segmentation based on Cloud Type

• Public
• Private
• Hybrid

Segmentation based on Application

• Clinical Information System
  • Computerized Physician Order Entry
  • Electronic Medical Records
  • Radiology Information System
  • Pharmacy Information System
  • Others
• Non-clinical Information System
  • Automatic Patient Billing
  • Revenue Cycle Management
  • Claims Management
  • Others

Segmentation based on End- Users

• Healthcare providers
• Healthcare payers

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America