February 20th,2023/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Cloud Technologies in Healthcare Market.

Cloud Technologies in Healthcare Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Cloud Technologies in Healthcare Market is expected to grow from USD 28.1 billion in 2020 to USD 73.1 billion by 2026 at a CAGR of over 17.6% during the forecast period.

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What is Cloud Technology?

Cloud Technology is defined as providing computing services including storage, servers, databases, analytics, software, networking, and intelligence over the internet through different web-based tools with pay-as-you-go pricing. It offers innovation, flexible resources, and economies of scale. It provides easy access to the medical record of patients and helps provide improved healthcare services.

Market Dynamics

The growth of the market is primarily driven by the increasing usage of cloud-based solutions by healthcare providers to improve healthcare services.

  • A vast amount of data is generated in hospitals through sources such as electronic health records, pharmacy sales, lab tests, and insurance claim data.
  • This has resulted in an increased need for computing power and IT bandwidth to manage the data effectively.
  • Increasing collaborations by the market players with hospitals are also expected to add to the market growth significantly.
  • Furthermore, the growing adoption of data analytics in hospitals to provide improved healthcare services is projected to create significant growth opportunities for the players operating in the global market over the forecast period.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Cloud Technologies in Healthcare Market analysis report discusses the following heads in great detail:

·         Market structure: Overview, industry life cycle analysis, supply chain analysis

·         COVID-19 Impact Assessment

·         Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

·         Market trend and forecast analysis

·         Market segment trend and forecast

·         Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·         Attractive market segments and associated growth opportunities

·         Emerging trends

·         Strategic growth opportunities for the existing and new players

·         Key success factors 

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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