South Korea Healthcare Cloud Infrastructure Market Size & Outlook
South Korea healthcare cloud infrastructure market, 2018-2030 (US$M)
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South Korea healthcare cloud infrastructure market highlights
- The South Korea healthcare cloud infrastructure market generated a revenue of USD 12.9 million in 2022 and is expected to reach USD 42.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16% 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 12.9 million |
| Market revenue in 2030 | USD 42.4 million |
| Growth rate | 16% (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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare cloud infrastructure market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,328.6 million by 2030.
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Healthcare Cloud Infrastructure Market Scope
Healthcare Cloud Infrastructure Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 78.29% in 2022. Horizon Databook has segmented the South Korea healthcare cloud infrastructure market based on hardware, service covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is witnessing rise in healthcare expenditure and technological advancements & innovation. As per Statista in June 2020, South Koreans spent approximately USD 3,200 per capita on health in 2018, and the healthcare spending increased by 11.0% in 2019.
The demand for cost reduction and simultaneous advancements in healthcare infrastructure as well as adoption of innovative medical technology are driving the market for healthcare cloud infrastructure. In addition, the South Korean government over the past few years has been focusing on developing and modernizing healthcare with advanced technologies and increased funding support.
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Target buyers of South Korea 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 South Korea healthcare cloud infrastructure market , including forecasts for subscribers. This country databook contains high-level insights into South Korea healthcare cloud infrastructure market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea healthcare cloud infrastructure market size, by component, 2018-2030 (US$M)
South Korea Healthcare Cloud Infrastructure Market Outlook Share, 2022 & 2030 (US$M)
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