Healthcare Cloud Computing Market Size

Healthcare Cloud Computing Market Size

Healthcare Cloud Computing Market size was valued over USD 29 billion in 2020 and is expected to witness around 13.4% CAGR from 2021 to 2027. Rising adoption of digital technologies among healthcare professionals is projected to drive the market growth. Escalating patient population suffering through various diseases leads to higher demand for efficient data management tools. Healthcare cloud computing offers easy access to patient information through secured networks, thus eliminating the data privacy concerns.  Therefore, increasing acceptance of these technologies encourages safer data sharing and remote collaborations enabling broader treatment accessibility. Similarly, shift of healthcare industry toward information-centric model enables efficient information sharing and streamlined collaborative workflows. Benefits such as IoT support, data automation and storage that streamline treatment process creates tremendous growth opportunities for cloud computing solutions in healthcare market.

The recent COVID-19 outbreak has positively impacted the market value owing to higher usage of digital platform in healthcare business along with government support. Numerous applications in patient data management related to COVID-19 and integration of cloud computing services in healthcare industry has continued to fuel the market expansion during the pandemic.