The size of the Europe healthcare cloud computing market is estimated to be growing at a CAGR of 14.8% between 2022 to 2027
The Europe healthcare computing market is expected to be primarily led by the factors such as technological advancements in the healthcare sectors and the rising development of cloud-based HCIT solutions by healthcare providers. As Cloud storage enables data usability and increases, real-time data processing is likely to increase the market growth. Healthcare services are growing their emphasis on healthcare digitization and introducing cloud-based HCIT applications to enhance the care process. Cloud computing has replaced the conventional paper healthcare system by offering incredible speed and reliability in data storage, which is expected to propel the Europe healthcare cloud computing market expansion.
Also, public awareness, expanding government organizations, and active involvement by key market players GE Healthcare are expected to drive market growth. The need to lower costs in the healthcare business environment is driving the Europe healthcare cloud computing market. During the forecast period, many healthcare organizations (HCOs) in Europe are allocating funds for cloud computing migration which encourages Europe's healthcare cloud computing market growth. Health Information Exchange (HIE) allows for the electronic sharing of clinical information between various healthcare information systems and insurance companies.
Patient information is vulnerable, and a high level of privacy must be ensured to prevent unauthorized individuals from accessing it. Data vulnerability is becoming more common as the number of medical data grows and healthcare undergoes digital transformation. However, data protection concerns are regarded as one of the growth impediments because cloud solutions, in which the provider hosts data, are not as reliable as data stored on-premise.
Impact of Covid-19 on the Europe healthcare cloud computing market:
The pandemic adversely impacted large populations in the European region, making it an epicenter of the disease. Italy was the first country to introduce a national lockdown after the virus spread as it was severely affected. With countries like France, Germany, UK, and Russia severely impacted by the pandemic, Europe was the most adversely affected continent. Therefore, the imposition of the lockdown resulted in mass populations being unable to access proper healthcare and an overflow of hospital patients. Both the first and second waves of the pandemic were detrimental to the population, and it was predicted that more than 50% of the population would be affected by omicron during the second wave in 2021. Therefore, it was reported that hospitals that adopted a digital healthcare system remained more stable, and the non-digital centers received economic drawbacks. Therefore, the pandemic has significantly impacted the Europe Healthcare Cloud Computing market as the digital systems helped better maintain resources and patient care and record.
This research report on the Europe healthcare cloud computing market has been segmented & sub-segmented into the following categories.
By Deployment Model:
By Pricing Model:
By Service Model:
The rapid adoption of digital healthcare systems in the European region due to the growing need for proper administrative structure and data storage and access is supporting the market in the region. Cloud computing systems help hospitals store and share data via the internet and through secure connections leading to demand for the market. In addition, the presence of several key players in the UK and the increasing new initiatives and services by the companies are supporting the market growth in the country. For example, companies like Oracle, Atlantic, HPE Greenlake, etc., continuously work toward better services.
Additionally, the growing support from the government organizations like the EU is leading to growth for the market. For example, the (ENISA) European union agency for cybersecurity released guidelines for healthcare cloud computing systems to make them entirely safe and prevent data breaches and leakage, supporting the adoption of digital solutions in healthcare centers; the organization also curated a European Health Space data initiatives in 2021 to promote a safe exchange of patients data between healthcare institutes.
Additionally, the market has grown in France by establishing key companies that are part of the Euro cloud association ( A trusted non-profit digital competence platform). Furthermore, data hosting providers like Cloudwatt and Numergy have been encouraged by the government to establish better services promoting market growth in the region. The government in Germany has also been heavily investing in digitalization, for example, the Hospital future act in Germany supports the market, and the federal government has invested up to €4.3 billion in better digital settings in healthcare across the nation in the past. Additionally, the use of public cloud systems was already very prevalent in the region even before the pandemic, further promoting the use of cloud computing
KEY MARKET PARTICIPANTS:
Some of the noteworthy companies dominating the Europe healthcare cloud computing market analyzed in this report are IBM, CareCloud Corporation, Agfa-Gevaert N.V., Merge Healthcare Inc., Carestream Corporation, Cerner Corporation, Microsoft Corporation, Oracle Corporation, ClearData Networks Inc., Sectra AB, Nuance Communications, GE Healthcare, athenahealth Inc., NextGen Healthcare, Siemens Healthineers, and Dell Inc.
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