Global Market Study on Healthcare Cloud Computing: Private Cloud Anticipated to Remain the Most Attractive Deployment Model Through 2025

New York City, NY, Nov. 22, 2017 (GLOBE NEWSWIRE) -- Healthcare cloud computing market to reflect meteoric growth in the years to come

Cloud refers to a prototype in which data is permanently stored on servers and accessed by clients with the help of different information systems such as computers, sensors, laptops, and others. Cloud computing refers to a process which involves delivering hosted services to clients. The global healthcare cloud computing market is valued at US$ 7791.4 Mn in 2017, and is expected to register a CAGR of 18.9% from 2017 to 2025. Increasing demand for better healthcare facilities and rising investments by healthcare IT players are major factors driving growth of the global healthcare cloud computing market.

According to the report, revenue generated by the global healthcare cloud computing market was valued at US$ 4,216.5 Mn in 2014 and US$ 5,068.3 Mn in 2015. The CAGR of the global healthcare cloud computing market during the period 2014 -2020 was 20.1%.

Segmental Highlights

Global healthcare cloud computing market is categorized on the basis of application, deployment model, by components, by service model and region. On the basis of application, the market is segmented as CIS and NCIS. The CIS segment is anticipated to register a CAGR of 20.3% during the forecast period. The component segment is segmented into software, hardware, and services. On the basis of deployment model, the market is segmented as public cloud, private cloud, and hybrid cloud. The private cloud segment by deployment model is expected to dominate the global market in terms of higher revenue and share in the years to come. The private cloud segment is anticipated to grow at a healthy CAGR of 20.3% throughout the period of forecast 2017-2025 and is estimated to reach a valuation of more than US$ 13 Bn by the end of 2025 from a value of US$ 3016.7 Mn in 2017. The hybrid cloud segment is projected to grow at a CAGR of 18.3% during the period of assessment. The hybrid cloud segment is the second largest segment and is estimated at a value of about US$ 2.6 Bn in 2017 and is anticipated to reach a market value of more than US$ 10 Bn by the end of the year of assessment. The public cloud segment is the smallest, compared to these two segments. It is projected to grow at a 17.5% CAGR during the period of assessment to reach a significant valuation by the end of the forecasted year.

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Regional Outlook

According to regional analysis, North America accounted for the largest market share in 2016. The healthcare cloud computing market in North America is expected to grow at a 19.6% during the assessment period to reach a higher market valuation of more than US$ 14 Bn by the end of the period of assessment. Moreover, the demand for healthcare cloud computing is increasing in the regional markets of Europe and Asia Pacific, with Europe being the second largest regional market for healthcare cloud computing. Healthcare cloud computing market in Asia Pacific region is anticipated to reach a value of about US$ 4.8 Bn by the end of 2025 and is projected to grow at a significant CAGR of 18.5% throughout the period of forecast.

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