Dublin, Dec. 29, 2021 (GLOBE NEWSWIRE) -- The "Global Healthcare Cloud Infrastructure Market Size, Share & Trends Analysis Report by Component (Hardware, Services), End Use, Region (North America, Europe, Asia Pacific, Latin America, MEA), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global healthcare cloud infrastructure market size is expected to reach USD 142.0 billion by 2028, according to the report. The market is expected to expand at a CAGR of 16.7% from 2021 to 2028.
The growing trend of healthcare digitalization, rising expenditures, overburdened health systems, rising traffic on the network, growing data siloes, and the emergence of remote working is contributing to the demand for healthcare cloud infrastructure systems and solutions. Organizations are rapidly adopting hybrid cloud models to integrate several operations and functions in a multi-cloud environment to improve facility management. These advanced computing solutions allow organizations to safely and securely manage data and deliver optimum care with enhanced operational & clinical outcomes.
The COVID-19 pandemic exposed the shortcomings of the overburdened health systems, reaffirmed the need to adopt advanced computing systems and several other advanced IT technological solutions to pave their path towards digitalization. These solutions allow organizations to optimize workflows, improve resource management, enhance cost optimization, efficient handling of growing network traffic, and risk mitigation. Key players are constantly devising their merger & acquisition and collaboration strategies to align their research & development goals to further innovate and expand their product portfolios.
The services segment dominated the market due to the easy accessibility of outsourcing these services from vendors since healthcare organizations lack the required technology skillset and expertise. Advanced computing systems provide these organizations with enhanced scalability, flexibility, and secure data management, which positively impacts the market growth. The available services in the cloud infrastructure market are Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). However, the hardware segment is expected to grow significantly over the forecast period owing to the rising demand for hardware platforms with high computing power.
However, care providers dominated the end-use segment in 2020 owing to benefits offered by advanced computing systems such as secure off-site data collection & management, availability of outsourcing of IT solutions. However, the payer's segment is anticipated to record the fastest growth rate owing to the rising adoption of advanced computing systems in risk assessment, fraud detection, secure data collection & storage, and claims settlement. North America dominated due to the presence of advanced IT infrastructure, increased IT spending, and the large presence of key market players. The emergence of specialized start-ups in the Asia Pacific region is expected to further drive market growth.
Market Report Highlights
The market size is expected to be valued at USD 142.0 billion by 2028 due to the emergence of advanced technological solutions and widespread adoption of cloud computing
In the component segment, the services segment dominated the market in 2020 owing to the growing trend of outsourcing these services since healthcare organizations lack the desired skillset and personnel
The healthcare providers segment dominated the market in 2020 owing to the growth in hospital connections over cloud infrastructure and enhanced off-site data management
North America dominated in 2020 due to the presence of key market players, advanced infrastructure, increasing health IT spending, and rising adoption levels
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Healthcare Cloud Infrastructure Market Variables, Trends, & Scope
3.1 Market Segmentation and Scope
3.2 Penetration and Growth Prospect Mapping
3.3 Technology Overview
3.4 Market Dynamics
3.5 Healthcare Cloud Infrastructure Market Analysis Tools
3.6 Major Deals & Strategic Alliances Analysis
3.7 Impact of COVID-19 Pandemic on Healthcare Cloud Infrastructure Market
Chapter 4 Healthcare Cloud Infrastructure Market: Component Market Estimates & Trend Analysis
Chapter 5 Healthcare Cloud Infrastructure Market: End Use Market Estimates & Trend Analysis
Chapter 6 Healthcare Cloud Infrastructure Market: Regional Estimates & Trend Analysis, by Component and End-Use
Chapter 7 Competitive Landscape
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
Chapter 8 Competitive Landscape
Hewlett Packard Enterprise Development LP
For more information about this report visit https://www.researchandmarkets.com/r/kyjr42
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