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.

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.

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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?

The global healthcare cloud computing market size is projected to reach USD 51.9 billion by 2024, from an estimated USD 23.4 billion in 2019 at a CAGR of 17.2 % during the forecast period. 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.

The North American region accounted for the largest share of the market in 2018

Geographic segments in this report include North America, Europe, the Asia Pacific, and the RoW. The North American segment accounted for the largest share of the market in 2018. The large share of this region is attributed to the increasing adoption of Electronic Health Records (EHRs) among medical professionals, the incentive-driven approach of government health IT programs, and active participation by private sector players in the industrial development of this region.

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IBM (US), Siemens Healthineers (Germany), and Carestream Health (US) are the leading players in the global healthcare cloud computing industry. Other prominent players operating in the healthcare cloud computing market include Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), NTT Data Corporation (Japan), Fujifilm Holdings Cooperation (Japan), Dell (US), Allscripts Healthcare Solutions (US), athenahealth (US), DXC Technology Company (US), Vepro eHealth Solutions (Germany), Orion Health Group (New Zealand), NextGen Healthcare (US), Sectra AB (Sweden), Hyland Software Inc. (US), and EnSoftek Inc.(US).

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