Healthcare Cloud Computing Market
Healthcare cloud computing is set up with remote computers that can be accessed online to analyze, manage, and store healthcare-related data. The healthcare sector benefits from cloud computing's global remote access, automated backups, and quick recovery. In order to guard against illegal access, the majority of cloud service providers also provide risk management and monitoring services. These are some advantages of cloud computing in the medical field. Healthcare firms benefit from a special combination of security, data-sharing options, and scalability owing to cloud computing.
It is significantly more secure than hosting data on personal PCs and more affordable than on-site data centers. Due to various benefits of cloud computing, its demand has increased and this is expected to drive the global healthcare cloud computing market growth over the forecast period. For instance, according to Koninklijke Philips N.V., a health technology company, in 2021, the adoption of platform-based IT models is on the rise. In 2028, 30% of global economic activity is expected to be driven by digital platforms.
Cloud-based solutions may safely break down data silos and release data that is useful to both patient and the provider, whether it be imaging or diagnostic data, data from patient monitors inside the hospital, or data from remote monitoring systems outside of its limits. A data silo is a collection of data kept by one department inside an organization that is not readily or completely accessible by other organizations. Moreover, due to financial constraints, healthcare institutions must maximize current resources and minimize their expenditures. A growing number of healthcare CIOs (chief information officers) are considering Software-as-a-Service (SaaS) model for their healthcare IT solutions rather than the conventional model where a hospital may buy and own technology completely.
Market Dynamics
Market players are launching cloud-based platforms for telehealth services, which is expected to drive the global healthcare cloud computing market growth over the forecast period. For instance, in May 2020, Microsoft, a multinational technology business based in the U.S., launched its first industry-specific cloud product, Microsoft Cloud for Healthcare. The platform's features including data analytics and expanded telehealth capabilities are intended to assist doctors in improving patient engagement and cooperation among health teams.
Key features of the study
Market Segmentation
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