Healthcare Cloud Infrastructure Market Size Breaks Record US$ 150.0 billion by 2030

The Healthcare Cloud Infrastructure Market size is predicted to hit around US$ 150.0 billion by 2030 and is expected to grow at a compound annual growth rate (CAGR) of 17.7% from 2021 to 2030.

Healthcare Cloud Infrastructure Market (By Component: Hardware, Services; By End-use: Healthcare Providers, Healthcare Payers) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

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Report Coverage

Report Scope Details
Market Size US$ 150.0 billion by 2030
Growth Rate CAGR of 17.7% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Component, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Dell, Inc; Hewlett Packard Enterprise Development LP; Microsoft; Oracle; IBM; Salesforce; Amazon

By Component Analysis

The services segment dominated the market and accounted for the highest revenue share of 79.4%. Companies and organizations lack the resources and skillsets required for the deployment of advanced computing systems and solutions. 

The easy availability of outsourcing IT services can be availed for short-term project-based or long-term contracts. These services are available as Software-as-a-service (SaaS), Infrastructure-as-a-service (IaaS), and Platform-as-a-service (PaaS). Software-as-a-Service (SaaS) dominated the services segment with a revenue share of 57.5% due to the growing adoption of the model in hospital and clinical settings.

The hardware segment is anticipated to record the fastest growth rate over the forthcoming years. An increase in demand for hardware platforms with high computing power to operate cloud infrastructure and systems is contributing to the segment growth. Hardware corresponds to all electronic devices and human-machine interface devices, such as computer systems and network assistant devices. 

By End-use Analysis

The healthcare providers segment dominated the market and accounted for the largest revenue share of 60.4% due to a significant surge in hospital connections over the cloud infrastructure, thereby impacting the demand for the SaaS model. Some of the benefits of these systems are secure off-site data storage and management and the easy availability of outsourcing of IT solutions and services eliminating the need for in-house IT personnel.

The healthcare payers segment is anticipated to register the fastest growth rate over the forthcoming years. Healthcare payers comprise insurance companies, health plans sponsor (employers and unions), and third-party payers. 

By Regional Analysis

North America dominated the healthcare cloud infrastructure market and held the largest revenue share of 53.9% in 2020 and is attributable to the rapidly rising care expenditure and growing advancements in the IT infrastructure.

Asia Pacific, the market is anticipated to register the fastest growth rate during the forecast period owing to the surge in several innovative start-ups specializing in healthcare cloud infrastructure products and services.

Key Players

  • Dell, Inc.
  • Hewlett Packard Enterprise Development LP
  • Microsoft
  • Oracle
  • IBM
  • Salesforce
  • Amazon

Market Segmentation

  • By Component 
    • Hardware
      • Server
      • Storage
      • Network
    • Services
      • Software-as-a-service (SaaS)
      • Infrastructure-as-a-service (IaaS)
      • Platform-as-a-Service (PaaS)
  • By End-use
    • Healthcare Providers
      • Hospitals
      • Diagnostic & Imaging Centers
      • Ambulatory Centers
    • Healthcare Payers
      • Private Payers
      • Public Payers
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Spain
      • Italy
      • Russia
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Singapore
      • Australia
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • South Africa
      • UAE
      • Saudi Arabia

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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