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Microservices in Healthcare market to hit 21.3% CAGR to 2023 according to market forecasts

Industrial Market Research

Microservices in healthcare market report helps to understand the growth factors and demand of service based industry. The major concern is due to the project salivary, security concern for data, information, some rules and regulations for the system, globally. All the healthcare services providers and top players are included in this report.

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Microservices in healthcare market is projected to reach USD 343.3 million by 2023 from estimated USD 130.7 million in 2018, at a CAGR of 21.3%. Benefits of microservice architecture, like their ability to increase overall efficiency & project delivery speed, are primary factor driving market growth.

Concerns regarding security & regulatory compliance & complexity of architecture are expected to hinder growth of this market.

Healthcare as a whole is finding new ways to use technology to improve population health and patient experience. Population health is looking for a spectrum of precision in patient and provider data as well as clinical cost metrics and matching that data to patient communication, metrics and clinical outcomes.

Some of players in microservices in healthcare market include AWS (US), CA Technologies (US), Microsoft (US), Salesforce (US), Pivotal Software, Inc. (US), Infosys (India), IBM (US), NGINX Inc.

(US), Oracle (US), and Syntel (US).

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The micro services in healthcare market in North America is expected to register the highest growth rate during the forecast period. The high growth rate of micro services in healthcare market in North America is attributed to the growing focus on improving overall efficiency of healthcare organizations and greater product and service availability in the region.

The audience for this research as follows,

  • Platforms
  • Services
  • Consulting Services
  • Integration Services
  • Healthcare Providers
  • Healthcare Payers
  • Lifesciences Industry
  • Research Organizations

Breakdown of Primary Participants in this study as follows, By Company Type: Tier 1 – 44%; Tier 2 -36%; Tier 3 - 20%. By Designation: C-level- 22%; D-level- 28%; others--50%.

By Region: North America-48%; Europe-21%;Asia-26%; RoW-5%.

The micro services in healthcare market is segmented into platforms and services. The services segment is further segmented into consulting services, integration services, and training, support, and maintenance services.

Considering dynamic nature of this market segment, currently, several vendors are innovating & offering various services in an effort to expand their customer base across the globe.

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The micro services in healthcare market is segmented into on-premise model and cloud-based model. In 2018, the cloud-based models segment is expected to register a higher CAGR during the forecast period.

Cloud-based micro services are sold on the basis of subscriptions ranging from one month to multiple years.

Key Target Audience for this Report:

  • Cloud microservice platform and solution vendors
  • Cloud service providers
  • Cloud microservice providers
  • Application developers
  • Container service providers
  • System integrators
  • Third-party vendors
  • Government agencies and organizations
  • Regulatory and compliance agencies
  • Hospitals
  • Venture capitalists
  • Market research and consulting firms

Report provides an overview of micro services in healthcare market. It aims at estimating market size & growth potential of this market across different segments such as deployment model, component, end user, & region.Furthermore, report also includes an in-depth competitive analysis of key players in market along with their company profiles, recent developments, and key market strategies.

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