Rising Use of Blockchain - Major Booster for Global Growth of Healthcare Cloud Computing Industry

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies. 

Critical Questions Answered in the Report:

# How will the current technological trends affect the healthcare cloud computing market in the long term?
# What are the reasons contributing to the growth of the provider and payer solutions in the market?
# Which regions are likely to grow at the highest CAGR in the global market?
# What are the challenges hindering the adoption of healthcare cloud computing in the market?
# What are the growth strategies being implemented by major market players?

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The growth of this market is primarily attributed to the increasing adoption of big data analytics, wearable devices, and IoT in healthcare; and the advantages of cloud usage, such as improved storage, flexibility, and scalability of data. However, concerns over data security and privacy, and complex regulations governing cloud data centers are expected to restrain the growth of this market.

Recent Developments:

# In 2019, NTT DATA and Google Cloud announced a joint go-to-market strategy to provide consulting, implementation, and managed services to clients seeking digital transformation. Google Cloud enhanced NTT DATA's cloud transformation offerings by adding more Google Cloud resources in analytics, artificial intelligence, machine learning, cloud migration, IoT, security, and productivity.

# In 2019, IBM acquired Red Hat, which is a landmark acquisition for USD 34 billion. The addition will enhance IBM's hybrid cloud portfolio and aim to develop a next-generation multi-cloud hybrid platform.

# In 2018, DXC Technologies acquired TESM (UK) to expand the range of cloud-based solutions and enterprise software as a service solution. This enabled DXC to address customer needs across the Europe region.

North America dominated the global healthcare cloud computing market in 2018. This large share can primarily be attributed to the high adoption of Electronic Health Records (EHRs) among medical professionals, the incentive-driven approach of government healthcare IT programs, and active participation by private sector players in the industry development.

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Some players operating in the global healthcare cloud computing market include IBM (US), Carestream Health, Inc (US), athenahealth (US), CareCloud Corporation (US), Siemens Healthineers (Germany), eClinicalWorks (US), Koninklijke Philips (Netherlands), Allscripts Healthcare Solutions, Inc (US), GE Healthcare (US), and Dell, Inc. (US), among others.