TOP 10 COMPANIES IN HEALTHCARE CLOUD COMPUTING MARKET

The Healthcare Cloud Computing Market is projected to reach USD 131.8 billion by 2031 from an estimated USD 40.3 billion in 2024, at a CAGR of 18.4% from 2024 to 2031. The growth of the healthcare cloud computing market is driven by the growing need for personalized medicines and the increasing adoption of analytics and IoT in the healthcare sector. However, growing data security & privacy concerns restrain the growth of this market.

The increasing demand for healthcare cloud computing solutions for clinical research & drug development and the growing use of blockchain technology for managing electronic health records are expected to generate market growth opportunities. However, complexities in data migration and stringent regulatory compliance are major challenges for market stakeholders. Additionally, wearable medical devices and telehealth and telemedicine are prominent trends in this market.

Here are the top 10 companies operating in the Healthcare Cloud Computing Market

Amazon Web Services, Inc.

Amazon Web Services, Inc. is a global provider of healthcare cloud computing solutions & services. The company provides purpose-built services and solutions for healthcare providers, payors, and health tech organizations to transform their business and patient care. It offers real-time voice and video communications, digital front-door applications, and AI/ML to improve the patient, member, and clinician experience. The company provides innovative tools that enable organizations to capture financial data in near real-time, produce system-wide reports at a moment’s notice, and gain visibility into how their decisions are impacting business operations. The company provides its healthcare cloud computing solutions in categories such as clinical systems, Analytics and AI/ML, patient and clinician experience, medical research solutions, finance and operations solutions, and core health IT solutions.

Microsoft Corporation

Microsoft Corporation is a leading provider of healthcare cloud computing solutions & services. Microsoft Azure provides a platform for healthcare organizations to build, deploy, and manage applications and services in the cloud. This includes solutions for electronic health records (EHRs), medical imaging, telehealth, patient engagement, and more. Healthcare researchers and institutions often use Microsoft Azure to analyze large datasets, conduct genomic research, and accelerate drug discovery. The scalability and computing power of Azure can assist in processing complex healthcare-related data.

Microsoft offers the Azure API for FHIR (Fast Healthcare Interoperability Resources), which facilitates the exchange and management of healthcare data in a standardized format. This is designed to improve interoperability and data sharing among different healthcare systems. Microsoft’s AI and ML capabilities are used in healthcare applications for tasks like medical image analysis, disease prediction, personalized treatment plans, and more. The company has explored ways to enhance EHR systems by providing tools that streamline workflows, improve data accuracy, and enable more efficient patient care.

International Business Machine Corporation

IBM is a leading provider of healthcare cloud computing solutions & services.  IBM Cloud provides healthcare sector customers with a secure, open, and enterprise-level platform to accommodate various workloads, regardless of their position in the cloud adoption process or the requirements of their workloads. Enhance research progress, introduce patient trust through novel customer interactions, and enhance system reliability, all while adhering to security and compliance benchmarks.

IBM Cloud for Healthcare Data and AI leverage AI-driven insights and analytics to enhance patient care, streamline operations, and improve outcomes. The company provides IBM Watson Health Cloud, a secure and scalable platform that facilitates data sharing, analysis, and collaboration among healthcare organizations and researchers. IBM Cloud for Electronic Health Records (EHRs) helps to store, manage, and access electronic health records securely on the cloud, enabling efficient and coordinated patient care. IBM Cloud for Healthcare Compliance and Security ensures compliance with healthcare regulations and industry standards by utilizing IBM’s robust security features and encryption protocols.

Google LLC

Google LLC is a leading provider of healthcare cloud computing solutions & services. Google Cloud has a presence in the healthcare industry, offering cloud computing solutions and services to support various aspects of healthcare operations, research, and innovation. Google Cloud’s healthcare offerings included data storage, processing, analytics, and machine learning tools that healthcare organizations could utilize to manage and derive insights from large datasets, enhance patient care, and accelerate medical research. Google Cloud Healthcare API allows healthcare organizations to easily integrate and manage healthcare data in the cloud. It supported data interoperability standards such as FHIR (Fast Healthcare Interoperability Resources) and enabled secure data exchange between different systems.

Google Cloud offers various tools for analyzing healthcare data, including BigQuery for data warehousing and analysis, Dataflow for data processing, and AI Platform for machine learning model development and deployment. The company offers cloud infrastructure and tools for genomics research, which involves analyzing DNA sequences and understanding the genetic basis of diseases. This included services for processing and analyzing large-scale genomics datasets.

Alibaba Group Holding Limited

Alibaba Group Holding Limited is a leading provider of healthcare cloud computing solutions & services. The company provides a wide range of cloud computing services, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Alibaba Cloud provides various healthcare-focused solutions through its cloud computing infrastructure, helping healthcare organizations and companies manage their data, applications, and services securely and efficiently. These solutions may include data storage and analytics, telemedicine platforms, and health information management systems. Alibaba’s foray into healthcare cloud computing reflects the growing importance of technology in the healthcare industry, particularly in areas like data management, telemedicine, and AI-driven diagnostics.

The company operates through seven segments, namely China Commerce, Cloud, International Commerce, Cainiao, Local Consumer Services, Digital Media and Entertainment, and Innovation Initiatives and Others.

Meticulous Research in its latest publication on Healthcare Cloud Computing Market has predicted the growth of 18.4% during the forecast year 2024-2031.

Oracle Corporation

Oracle is a leading provider of healthcare cloud computing solutions & services. Oracle Cloud provides secure and scalable storage solutions that allow healthcare providers to store and manage healthcare data efficiently. Oracle’s cloud platform supports the development and deployment of electronic health record systems. These systems enable healthcare providers to maintain digital records of patient health information, making it easier to access and share relevant data. Oracle’s cloud infrastructure facilitates the secure exchange of health information among different healthcare entities. This is essential for coordinating care, reducing duplicate tests, and improving patient outcomes. Healthcare data is highly sensitive and subject to strict regulatory requirements (such as HIPAA in the United States). Oracle Cloud offers security measures and compliance features to help healthcare organizations meet these standards and keep patient data secure.

Oracle Cloud Infrastructure (OCI) is built to run every healthcare workload, from legacy application systems to data-science-driven and modern machine-learning-enabled services, to deliver more informed care choices, predict patient risk factors, and deliver a better, patient-focused healthcare experience. Oracle Cloud supports the management of clinical trials by providing tools for data collection, analysis, and reporting. This can streamline the process of conducting research and bringing new treatments to market.

IRON MOUNTAIN INCORPORATED

IRON MOUNTAIN INCORPORATED is a global leader in innovative storage, data center infrastructure, asset lifecycle management, and information management services. The company provides a flexible, scalable portfolio of health information management solutions that enable customers to reduce cost and risk, accelerate the Electronic Medical Records (EMR) transition, and simplify the management of an increasingly digital healthcare environment. The company provides healthcare cloud IT services such as Data Classification, Data Restoration and Migration Services, Iron Cloud, Data Centers, Secure IT Asset Disposition, and IRON MOUNTAIN IRON CLOUD DISASTER RECOVERY. The company operates through two business segments, namely, GLOBAL RIM BUSINESS and GLOBAL DATA CENTER BUSINESS.

AT&T Inc.

AT&T Inc. is a technology and telecommunication company.  The company provides healthcare cloud computing solutions & services. The company provides AT&T Medical Imaging and Information Management is a vendor-neutral, cloud-based service that combines AT&T Synaptic Storage as a ServiceSM with Acuo Technologies Universal Clinical Platform. The service provides access, viewing, storage, and sharing of medical images from disparate picture archive communications systems (PACS) sold on an as needed, pay-as-you-go model.

NVIDIA Corporation

NVIDIA is a global provider of healthcare cloud computing solutions & services. NVIDIA Corporation is a technology company known for its graphics processing units (GPUs) and related technologies. NVIDIA GPUs are used to accelerate medical image processing tasks such as MRI and CT scan analysis, enabling faster and more accurate diagnoses. AI and deep learning models powered by NVIDIA GPUs are employed in drug discovery processes, helping to predict potential drug compounds and analyze their interactions with biological systems.

Researchers and institutions are using NVIDIA GPUs to accelerate the training and deployment of machine learning models for predicting disease outcomes, patient risk assessment, and treatment recommendations. NVIDIA technology has been employed to enhance real-time telemedicine applications, enabling high-quality video streaming and better diagnostic capabilities even in resource-limited settings.

GE Healthcare Technologies Inc.

GE Healthcare Technologies Inc. specializes in providing medical imaging equipment, healthcare information technologies, and other solutions for healthcare providers and institutions. It offers a wide range of products and services designed to improve patient care, enhance operational efficiency, and advance medical research. GE Healthcare can provide cloud-based platforms for storing and sharing medical images, such as X-rays, MRIs, and CT scans. This enables healthcare providers to access these images securely from anywhere, improving diagnostic accuracy and collaboration among medical professionals. The company also offers cloud solutions for managing electronic health records (EHRs) and other clinical data. These platforms ensure that patient information is stored securely, easily accessible, and compliant with healthcare regulations like HIPAA.

Authoritative Research on the Healthcare Cloud Computing Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.