The global healthcare cloud computing market is anticipated to be valued at $7791.4 Million in 2025, and is expected to register a CAGR of 18.9% from 2017 to 2025, according to a recent market report published by Persistence Market Research titled, ‘Healthcare Cloud Computing Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).’
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 new report. Cloud computing in this case refers to a process that involves delivering hosted services to clients.
On the basis of deployment model, the market is segmented as public cloud, private cloud, and hybrid cloud. Private cloud segment accounted for highest market share and was valued at $2,504 Million in 2016.
The cloud service model segment is segmented as SaaS, Paas, and IaaS. The SaaS segment is poised to be highly lucrative in the coming years. This segment is estimated to reach a value of about $25.4 Billion by 2025 end and is the fastest growing segment to register an exponential CAGR of 19.7% throughout the period of assessment, 2017-2025.
The PaaS segment is the smallest segment with a low estimate of $360.3 Million in 2017 and is expected to reach $1.2 Billion by 2025 end. By component, the software segment is projected to grow at a higher rate to register value CAGR of 19.2% throughout the period of forecast and is the largest segment in terms of value share. It is estimated to reach a valuation of more than $21 Billion by the end of 2025.
This report on healthcare cloud computing also covers drivers, restraints and trends driving each segment and offers analysis and insights – regarding the potential of healthcare cloud computing market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest market share in 2016, according to Persistence Market Research. Moreover, the North America region is also expected to register a “healthy” CAGR of 19.6% during the forecast period.
The full report on healthcare cloud computing can be found here.