Towards Healthcare

Healthcare Cloud Computing Key Players | Innovation and Product Evolution | Market Entry and Expansion Strategies | Investment and Capital Allocation

Date: January 2025

Healthcare Cloud Computing Companies and Market Forecast

The global healthcare cloud computing market size was estimated at US$ 61.80 billion in 2023 and is projected to grow to US$ 236.39 billion by 2034, rising at a compound annual growth rate (CAGR) of 13.05% from 2024 to 2034.

Top Companies in the Healthcare Cloud Computing

  • Cisco Systems Inc
  • Bayer
  • Allscripts Healthcare Solution Inc
  • Qualcomm Inc
  • Cognizant
  • GNAX Health
  • EMC Corp
  • Athenahealth Inc
  • Iron Mountain Inc
  • IBM Cor
  • Oracle Corp
  • VMware Inc
  • Dell Inc
  • Microsoft Corp
  • Others

Innovation by Bayer in the Healthcare Cloud Computing Market

Company Name Bayer
Headquarters Leverkusen, Germany, Europe
Recent Development In April 2024, Bayer and Google Cloud announced a partnership to work together on artificial intelligence (AI) technologies that would help radiologists assist patients in the long run. As part of the partnership, Bayer will use Google Cloud's technology, particularly its generative AI (gen AI) capabilities, to expand its innovation platform and speed up the creation and implementation of AI-powered healthcare apps with a particular focus on radiology.

Innovation by Cognizant in the Healthcare Cloud Computing Market

Company Name Cognizant
Headquarters New Jersey, U.S., North America
Recent Development In June 2024, the first set of large language model (LLM) solutions for the healthcare sector were to be launched by Cognizant in August of last year as part of an extended relationship using generative AI (genAI) technology from Google Cloud. Developed with the intention of enhancing user experiences and reorganizing healthcare administrative procedures, these solutions comprised the Vertex AI platform and Gemini models.

Recent Developments in the Healthcare Cloud Computing Market

  • In August 2023, in order to create and test AWS Industry Quest: Healthcare and teach customers and partners in Latin America, Canada, and the Caribbean how to design cloud solutions that may improve healthcare and satisfy the demand for skilled cloud talent in the health IT sector, Amazon Web Services collaborated with these parties.
  • In March 2023, in order to encourage digital transformation in the medical industry, Fujitsu announced the release of a new cloud-based platform that enables users to safely gather and use health-related data. With this new platform, health-related data may be securely aggregated, and medical data from electronic medical records at medical institutions can be automatically converted to comply with the HL7 FHIR next-generation standards framework.