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Healthcare Software as a Service Market Trends

Report ID: GMI5381
Published Date: Oct 2022
Report Format: PDF

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Healthcare Software as a Service Market Trends

Rising prevalence of cyberattacks may act as a hindrance to the healthcare SaaS market. Patient information is among the most sensitive forms of private data healthcare institutions may hold. To ensure safety of the data, many world governments are passing strict laws and regulations on software as a service-based healthcare services, products, and the industry in general. This tightening regulatory framework is likely to have a negative impact on market value.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for healthcare software as a service registered a valuation of over USD 30 billion in 2021 and is expected to record over 18.5% CAGR during 2022-2030.

Europe healthcare SaaS market is slated to be worth over USD 39 billion by 2030, on account of increasing investments towards strengthening digital healthcare infrastructure, and a surging geriatric population base that requires constant medical care.

The major contenders operating in the healthcare software as a service market are SAP, CISCO, ServiceNow, Salesforce, Inc., Microsoft, IBM Corporation, Oracle Corporation, Athenahealth, Inc., and others.

Hybrid cloud segment is anticipated to grow at a 19% CAGR through 2030, driven by benefits such as high scalability, convenient cost, and better risk management for utmost patient care.