The global healthcare cloud infrastructure market is expected to generate US$ 45.1 billion in sales by 2022, according to a report by Future Market Insights. By 2033, the market is projected to have a value of US$ 464.1 billion, growing at a rate of 23.9% CAGR. The market is anticipated to create an absolute dollar potential of US$ 409 billion over the course of the forecast period.
The market is growing rapidly due to a significant surge in digitalization, artificial intelligence, and machine learning computing, rising cloud database infrastructure, and increasing capital expenditure. The efficient cloud database management system enhances the quality of treatment and care of individuals.
The adoption of data analytics, wearable devices, and the Internet of Things surges the demand for the healthcare cloud computing market. The Internet of Things in Healthcare Industry is expected to change the dynamics of the healthcare industry. Cloud infrastructure helps to collect information on individual and remote monitoring of patients in the healthcare industry.
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Increased use of IoT solutions in healthcare is anticipated to spur market expansion over the forecast period. Market players including IBM, SAP SE, and Cisco Systems Inc. are leveraging IoT technologies and solutions to enhance healthcare products and services throughout their transactional activities.
Cloud computing allows access to the patient data to the manufacturer of the devices, services providers, doctors, and the patient as well. Cloud systems are integrated with healthcare organizations and represent a privacy and security safeguard for healthcare data by encrypting it with data hard forking and fine-grained access controls.
The market in North America is expected to cross US$ 150 Billion by 2023, growing at a CAGR of over 20% from 2023 to 2033. The healthcare IT expenditure in the regions has been skyrocketing. The number of remote patient monitoring in the U.S. increased from 39.3 Million in 2021 to 45.1 Million in 2022. By 2025, this number is expected to swell to 70.6 Million. Besides, telemedicine appointments in the region have also surged which has consequently triggered the demand for healthcare cloud infrastructure in the region.
Competitive Landscape
The key players operating in the global healthcare cloud infrastructure market are
- Dell, Inc.
- Hewlett Packard Enterprise Development
- Microsoft
- Oracle
- IBM
- Salesforce
- Amazon
A few of the recent developments in the Healthcare Cloud Infrastructure Market are:
- In February 2022, IBM and SAP strengthened their partnership to enable clients to move their workloads from SAP solutions to the Cloud.
- In February 2022, Kyndryl partnered with AWS to accelerate cloud adoption and innovation for customers.
- In July 2021, Amazon announced the rollout of AWS for Health cloud services for healthcare, genomics, and biopharma.
- In July 2021, Wellforce announced the migration of its Epic infrastructure to AWS cloud.
Market Segments Covered in Healthcare Cloud Infrastructure Market Analysis
By Component:
- Hardware
- Server
- Storage
- Network
- Services
- Software-as-a-service (SaaS)
- Infrastructure-as-a-service (IaaS)
- Platform-as-a-Service (PaaS)
By End-Use:
- Healthcare Payers
- Healthcare Providers
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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