Market Scenario

The global health cloud market 2020 can expect a substantial growth by the end of the review period at a high CAGR. The market can also scale the projected valuation during the forecast period.

Market Synopsis

Rapid technological advances are creating new opportunities for digitalisation across the healthcare sector. Implementation of the Internet of Things ( IoT) in the healthcare sector has led to the generation of substantial volumes of patient data across the organization and is expected to grow signifcantly. Increasing penetration of wearable and smart health devices for health monitoring and tracking purposes also accelerates data generated throughout the healthcare sector; this increases the demand for data storage and analytics capabilities among healthcare providers to understand and obtain insights. In addition, cost-effective features, effective data storage capability, scalability , and flexibility offered by cloud platform such as reducing IT infrastructure-related costs further propels the global health cloud market to grow. However, the cloud platform’s data security and privacy concerns and interoperability issues are factors which limit market growth.

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Segmentation

The global health cloud market has been broadly segmented on the basis of component, deployment, service model, application, end user, and region.

By component, the health cloud market has been segmented into software and services. The services segment has been subsegmented into consulting, implementation and maintenance, and training.

By deployment, the health cloud market has been segmented into private, public, and hybrid cloud.

By service model, the market has been segmented into IaaS, PaaS, and SaaS.

By application, the health cloud market has been segmented into clinical data management, analytics & reporting, data storage, care management, and others.

By end user, the health cloud market has been segmented into hospitals, diagnostic and imaging centers, pharmacies, ambulatory centers, and others.

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