Healthcare Cloud Computing Market

The Healthcare Cloud Computing Market was estimated to be USD 23,749.33 million in 2020 and is poised to grow at a CAGR of 14.12% to reach USD 52,303.35 million by 2026.
NAVI MUMBAI, India - June 21, 2021 - PRLog -- The COVID-19 pandemic is expected to have an overall positive effect on the market. There is now an increasing understanding of the potential of cloud technologies, which provide data storage and computing resources that are managed by external service providers, to help improve the safety, quality, and efficiency of health care.

Competitive Landscape

The healthcare cloud computing market is a moderately consolidated market, owing to the presence of a few key players in the market. The companies are applying powerful competitive strategies to gain more market share in the healthcare cloud computing market. Some of the market players are Amazon Web Services, Dell Inc., IBM Corporation, Oracle Corporation, and Koninklijke Philips NV.

The companies are involved in various strategies such as new product launches, investment in R & D activities to sustain in the highly competitive environment. For example, in November 2020, Microsoft launched the Microsoft Cloud for Healthcare suite to boost patient engagement, health team collaboration, and improve clinical and operational insights.

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