Cloud AI Update - Healthcare Cloud Market Poised for Explosive Growth by 2034

The healthcare cloud computing market is projected for substantial growth, driven by advancements in AI, telehealth, and secure data storage, with expectations for the market size to soar from USD 63.96 billion in 2025 to USD 277.26 billion by 2034. This growth is propelled by a favorable regulatory environment, increased cloud adoption among healthcare providers, and a focus on data safety and integrity. Notably, North America led the market in 2024, but Asia-Pacific is anticipated to be the fastest-growing region, fueled by rising healthcare investments and technology innovation. Furthermore, the segment dealing with software as a service (SaaS), facilitating ease of use and compliance, dominated the offerings in 2024, while the public cloud segment is set to grow rapidly, offering scalable and cost-effective solutions for the sector. These trends illustrate the complex and evolving landscape of cloud computing in healthcare, highlighting opportunities and challenges in digital health transformation.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Healthcare Cloud Computing Market Size Worth USD 277.26 Billion by 2034 AI, Telehealth, and Secure Data Storage Drive Adoption Across Hospitals and Payers" from Precedence Research on GlobeNewswire (published 28 July 2025)

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