Global Software as a Service (SAAS) Health Cloud Market, By Product (EMR/EHR, Telehealth, RCM, HIE, CRM), Deployment (Private Cloud, Hybrid Cloud), Component (Software, Services), Pricing (Pay-as-you-go, Spot Pricing), Application (Clinical Information Systems (CIS), Non-clinical Information Systems (NCIS)), End User (Healthcare Providers and Healthcare Payers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Software as a Service (SAAS) Health Cloud Market
Software as a service (SAAS) health cloud market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to show an estimated value of USD 56 billion in 2020 and to reach USD 178 billion by 2028 and grow at a CAGR of 23% in the above-mentioned forecast period.
Software as a service (SAAS) is a service of delivering applications over the internet. The software as a service (SAAS) applications are sometimes referred as web-based software, on-demand software or hosted software.
The factors such as increasing adoption of wearable devices, big data analytics and IOT in healthcare are expected to emerge as the significant factor accelerating the growth of software as a service (SAAS) health cloud market. Additionally, the rise in adoption of information technology in the healthcare sector and usage of cloud as it reduces cost and improves scalability, storage and flexibility which will further aggravate the growth of the software as a service (SAAS) health cloud market. The recent COVID-19 outbreak has resulted in the increased patient pool, leading to subsequent increase in telehealth and virtual care delivery options However, the data stored on the cloud is prone to cyber-attacks as data stored on premise which creates data security and privacy concerns this is projected to hinder the market’s growth.
The convergence of wireless technology and the emergence of the tele-cloud is anticipated to generate lucrative opportunities for the software as a service (SAAS) health cloud market as physicians/doctors and healthcare specialists are able to diagnose and treat patients over large distances at affordable costs. The lack of standardization among the cloud service providers leads to interoperability and portability issues which will pose as a challenge for the software as a service (SAAS) health cloud market.
This software as a service (SAAS) health cloud market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on software as a service (SAAS) health cloud market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Software as a Service (SAAS) Health Cloud Market Scope and Market Size
The software as a service (SAAS) health cloud market is segmented on the basis of product, deployment, component, pricing, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the software as a service (SAAS) health cloud market is segmented into EMR/EHR, telehealth, RCM, HIE and CRM.
- On the basis of deployment, the software as a service (SAAS) health cloud market is segmented into private cloud and hybrid cloud.
- On the basis of component, the software as a service (SAAS) health cloud market is segmented into software and services.
- On the basis of pricing, the software as a service (SAAS) health cloud market is segmented into pay-as-you-go and spot pricing.
- On the basis of application, the software as a service (SAAS) health cloud market is segmented into clinical information systems (CIS) and non-clinical information systems (NCIS).
- On the basis of end user, the software as a service (SAAS) health cloud market is segmented into healthcare providers and healthcare payers.
Software as a Service (SAAS) Health Cloud Market Country Level Analysis
The software as a service (SAAS) health cloud market is analyzed and market size, volume information is provided by product, deployment, component, pricing, application and end user as referenced above.
The countries covered in the software as a service (SAAS) health cloud market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is projected to dominate the market during the forecast period due to the largest market contribution and major market players, high adoption rate of healthcare IT services and the continuous financial and regulatory support from government agencies in the region. On the other hand, Asia-Pacific is expected to show a lucrative growth due to the rapid urbanization and emerging developments in device manufacturing and network service providers.
The country section of the software as a service (SAAS) health cloud market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Software as a Service (SAAS) Health Cloud Market Share Analysis
The software as a service (SAAS) health cloud market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to software as a service (SAAS) health cloud market.
The major players covered in the software as a service (SAAS) health cloud market report are Siemens, GENERAL ELECTRIC, FUJIFILM Holdings Corporation, athenahealth, Amazon Web Services, Allscripts Healthcare, LLC, Dell Inc., Carestream Health, peraton, IBM India Pvt Ltd, Hyland Software, Inc., eClinicalWorks, Oracle, Tobii AB, Koninklijke Philips NV among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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