Healthcare sector financials

Highest Mkt Cap
#1 of 49
$340 B
High CAGR
#17 of 49
22 %
Cloud computing can improve patient care by providing providers with real-time access to patient data and enabling them to collaborate on treatment plans. In addition to improving patient care, cloud computing can also reduce costs by eliminating the need for on-site hardware and reducing the risk of data breaches.

0 FDA approvals in Cloud Computing

The Benefits of Cloud Computing

The Flexibility of Cloud Computing

"The flexibility and scalability that cloud computing offers allows for faster and more efficient delivery of care to patients. With cloud-based electronic records, providers can access patient data from anywhere, at any time, improving patient outcomes and reducing the risk of medical errors. Additionally, cloud-based applications can scale to meet the needs of organizations of any size, from a small clinic to a large hospital network." - HIMSS, 2018

Cost Savings with Cloud Computing

"Cloud computing allows providers to reduce costs by eliminating the need for expensive on-site infrastructure and hardware. This also allows providers to allocate resources more efficiently, optimizing their budget and increasing ROI. Additionally, cloud providers often offer pay-as-you-go pricing models, allowing organizations to pay only for the resources they use." - HealthTech Magazine, 2019

Improved Data Security with Cloud Computing

"By utilizing cloud-based services, providers can benefit from increased data security measures. Cloud providers often employ advanced security protocols and encryption methods to protect patient data, which is especially critical in the industry where sensitive personal information is at risk. Additionally, cloud providers often offer backup and disaster recovery solutions to ensure that patient data is never lost or compromised." - Forbes, 2021

Investor sentiment

MarketsandMarketsMay 2021

"...The cloud computing market is expected to grow at a CAGR of over 18% during the forecast period 2021-2026, driven by the increasing adoption of cloud computing in for data storage, data analysis, and remote patient monitoring, and the growing need for cost-effective and scalable IT solutions."

GlobeNewswireMay 2021

"...The global cloud computing market is expected to reach $51.9 billion by 2027, driven by the increasing adoption of cloud computing in for data storage, data analysis, and remote patient monitoring, and the growing demand for efficient and cost-effective IT solutions."

Sector leaders

    Amazon Web Services (AWS)

    Amazon Web Services (AWS) provides a secure, scalable, and cost-effective cloud computing platform that enables organizations to store, process, and analyze large amounts of data. For example, the AWS cloud is used by providers and researchers to securely store electronic records (EHRs), host telemedicine applications, and develop predictive models that support clinical decision-making.
    aws.amazon.com
    Revenue:$45.3
    Employees:175000

    Microsoft Azure

    Microsoft Azure is a cloud computing platform that provides organizations with tools and services for data management, analysis, and collaboration. For example, Azure is used by providers to store and analyze large amounts of patient data, develop predictive models that support clinical decision-making, and improve patient engagement through telemedicine applications.
    azure.microsoft.com
    Revenue:$110
    Employees:181000

    Google Cloud Platform (GCP)

    Google Cloud Platform (GCP) provides organizations with tools and services for data storage, analysis, and collaboration. For example, GCP is used by providers to store electronic records (EHRs), develop predictive models that support clinical decision-making, and improve patient engagement through telemedicine applications.
    cloud.google.com
    Revenue:$182.5
    Employees:139995
Elevens.ai
© Eleven of Ten LLPElevens.aiAll rights reserved.