Saudi Arabia Healthcare Cloud Infrastructure Market Size & Outlook
Saudi Arabia healthcare cloud infrastructure market, 2018-2030 (US$M)
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Saudi Arabia healthcare cloud infrastructure market highlights
- The Saudi Arabia healthcare cloud infrastructure market generated a revenue of USD 356.6 million in 2022 and is expected to reach USD 1,149.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 15.8% from 2023 to 2030.
- In terms of segment, service was the largest revenue generating component in 2022.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Healthcare cloud infrastructure market data book summary
| Market revenue in 2022 | USD 356.6 million |
| Market revenue in 2030 | USD 1,149.6 million |
| Growth rate | 15.8% (CAGR from 2022 to 2030) |
| Largest segment | Service |
| Fastest growing segment | Hardware |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Service |
| Key market players worldwide | Dell Technologies Inc Ordinary Shares - Class C, Hewlett Packard Enterprise Co, Microsoft Corp, Oracle Corp, International Business Machines Corp, Salesforce Inc, Amazon.com Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global healthcare cloud infrastructure market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa healthcare cloud infrastructure market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,033.5 million by 2030.
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Healthcare Cloud Infrastructure Market Scope
Healthcare Cloud Infrastructure Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia healthcare cloud infrastructure market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare cloud infrastructure market will help companies and investors design strategic landscapes.
Service was the largest segment with a revenue share of 76.78% in 2022. Horizon Databook has segmented the Saudi Arabia healthcare cloud infrastructure market based on hardware, service covering the revenue growth of each sub-segment from 2018 to 2030.
Developments and advancements in healthcare are directly impacting the demand for advanced technologies in the healthcare market, along with increasing investment by the Ministry of Health in the country.
Moreover, increase in the number of patients, high demand for reduced healthcare expenses, and the need for real-time information & quality care at affordable costs are factors expected to boost the demand for artificial intelligence in healthcare in the country.
For instance, in October 2020, STC a digital leader collaborated with NVIDIA to build its first artificial intelligence and deep learning cloud infrastructure in Saudi Arabia, which enabled domestic enterprises to fast-track the adoption of artificial intelligence.
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Target buyers of Saudi Arabia healthcare cloud infrastructure market databook
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Our clientele includes a mix of healthcare cloud infrastructure market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia healthcare cloud infrastructure market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia healthcare cloud infrastructure market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia healthcare cloud infrastructure market size, by component, 2018-2030 (US$M)
Saudi Arabia Healthcare Cloud Infrastructure Market Outlook Share, 2022 & 2030 (US$M)
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