The global healthcare cloud infrastructure market was surpassed at USD 56.36 billion in 2022 and is expected to hit around USD 264.5 billion by 2032, growing at a CAGR of 16.72% from 2023 to 2032.
Key Pointers
Report Scope of the Healthcare Cloud Infrastructure Market
Report Coverage | Details |
Market Size in 2022 | USD 56.36 billion |
Revenue Forecast by 2032 | USD 264.5 billion |
Growth rate from 2023 to 2032 | CAGR of 16.72% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Covered | Dell, Inc.; Hewlett Packard Enterprise Development LP; Microsoft; Oracle; IBM; Salesforce; Amazon |
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.
The market for healthcare cloud infrastructure increased by 9.7% from 2019 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.
Business organizations are rapidly implementing advanced computing systems and solutions to digitally transform their businesses, streamline their workflow, and reduce the burden on networks. The market is fragmented and some of the key players providing these solutions are IBM, Microsoft, Oracle, Salesforce, and Amazon. Companies are entering technological collaborations to expand and co-develop innovative products and solutions. In January 2022, IBM agreed to sell its Watson Health data and assets to an investment firm, Francisco Partners, which could have been a part of an effort to expedite IBM's operations while also focusing the company on cloud computing.
Healthcare Cloud Infrastructure Market Segmentations:
By Component
By End-use
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Healthcare Cloud Infrastructure Market
5.1. COVID-19 Landscape: Healthcare Cloud Infrastructure Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Healthcare Cloud Infrastructure Market, By Component
8.1. Healthcare Cloud Infrastructure Market, by Component, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Healthcare Cloud Infrastructure Market, By End-use
9.1. Healthcare Cloud Infrastructure Market, by End-use, 2023-2032
9.1.1. Healthcare Providers
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Healthcare Payers
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Healthcare Cloud Infrastructure Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Component (2020-2032)
10.1.2. Market Revenue and Forecast, by End-use (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Component (2020-2032)
10.1.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Component (2020-2032)
10.1.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Component (2020-2032)
10.2.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Component (2020-2032)
10.2.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Component (2020-2032)
10.2.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Component (2020-2032)
10.2.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Component (2020-2032)
10.2.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Component (2020-2032)
10.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Component (2020-2032)
10.3.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Component (2020-2032)
10.3.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Component (2020-2032)
10.3.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Component (2020-2032)
10.3.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Component (2020-2032)
10.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Component (2020-2032)
10.4.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Component (2020-2032)
10.4.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Component (2020-2032)
10.4.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Component (2020-2032)
10.4.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Component (2020-2032)
10.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Component (2020-2032)
10.5.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Component (2020-2032)
10.5.4.2. Market Revenue and Forecast, by End-use (2020-2032)
Chapter 11. Company Profiles
11.1. Dell, Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Hewlett Packard Enterprise Development LP
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Microsoft
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Oracle
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. IBM
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Salesforce
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Amazon
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms