Global Healthcare Cloud Infrastructure market size 2024, Forecast To 2033

The healthcare cloud infrastructure market has undergone rapid growth, surging from $71.66 billion in 2023 to $84.73 billion in 2024, with a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period is attributed to the increasing demand for data storage, cost efficiency, scalability, remote access, and interoperability. Projected to experience rapid growth in the next few years, the market is expected to reach $169.06 billion in 2028, with a CAGR of 18.8%. The forecasted growth is linked to the expansion of telemedicine services, advancements in genomic and precision medicine, concerns over compliance and data security, preparedness for pandemics, and the integration of blockchain technology. Major trends in the forecast period include the adoption of hybrid cloud solutions, the utilization of edge computing in healthcare, the provision of security and compliance as a service, the application of AI and machine learning, the development of data lakes and analytics, and the creation of cloud-native applications.