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Healthcare Cloud Computing Market to Grow by USD 98.6 Billion from 2024-2028, as Integrated Services Drive Demand with AI-Powered Market Evolution – Technavio

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NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global healthcare cloud computing market size is estimated to grow by USD 98.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  31.52%  during the forecast period. Integrated service offerings for healthcare is driving market growth, with a trend towards introduction of edge computing. However, shortage of cloud professionals in healthcare industry  poses a challenge.Key market players include ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Amazon.com Inc., athenahealth Inc., CareCloud Inc., Carestream Health Inc., ClearDATA Networks Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., General Electric Co., Intelerad Medical Systems Inc., International Business Machines Corp., Microsoft Corp., NextGen Healthcare Inc., NTT DATA Corp., Oracle Corp., Salesforce Inc., Siemens AG, and VMware Inc..

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Healthcare Cloud Computing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 31.52%

Market growth 2024-2028

USD 98.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.3

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 47%

Key countries

US, Canada, UK, France, and Germany

Key companies profiled

ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Amazon.com Inc., athenahealth Inc., CareCloud Inc., Carestream Health Inc., ClearDATA Networks Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., General Electric Co., Intelerad Medical Systems Inc., International Business Machines Corp., Microsoft Corp., NextGen Healthcare Inc., NTT DATA Corp., Oracle Corp., Salesforce Inc., Siemens AG, and VMware Inc.

Market Driver

The healthcare cloud computing market is experiencing significant growth with trends like Electronic Health Records (EHR), Telehealth, IoT, Big Data Analytics, and Wearable Devices leading the way. EHRs enable healthcare providers to access and manage patient information in real-time, while Telehealth and Telecloud facilitate remote consultations and wireless technology for remote monitoring. Big Data Analytics helps in diagnosing chronic diseases such as Cancer, CVD, and Diabetes, and in developing personalized medicines and clinical research. Cloud deployment offers Data Storage, Scalability, and Cost-effectiveness, making it a preferred choice for healthcare payers like Medicaid and Medicare. SaaS models like Cerner and Amazon Web Services provide managed services and professional services, enhancing productivity and privacy. Data security and privacy concerns are addressed through Data Interoperability, Portability Issues, and Blockchain Technology. Telehealth solutions include Teleconsultations, E-prescribing, and Remote Monitoring, enabling continuous monitoring of patient health status and treatment decisions. Wearable medical devices and mobile apps provide patient-reported outcomes and drug choices, enabling personalized treatments. Healthcare professionals benefit from managed services, professional services, and communication platforms for claims processing, settlement, and fraud detection. Cloud platforms facilitate data sharing among clinical data sources like Pharmacy Information Systems, Radiology Information Systems, Laboratory Information, and Health Information Systems, ensuring Data Migration and Regulatory Compliance. The Public Cloud Segment offers flexibility and cost-effectiveness, making it a popular choice for healthcare providers. Overall, the healthcare cloud computing market is transforming the industry with its innovative solutions and services. 

Edge computing is a method that optimizes cloud computing systems by performing applications closer to the source of data, rather than relying on cloud or data centers. In the healthcare industry, edge computing is being utilized with Internet of Things (IoT) devices for health monitoring and other applications. Traditionally, IoT data is transmitted to a cloud or data center for processing and analysis, which can be time-consuming. Edge computing enables data collection and analysis to occur at the device level or on a nearby computing device, such as a server or laptop, significantly improving process speed. By implementing edge computing, healthcare organizations can enhance the efficiency of their IoT applications, ultimately leading to better patient care and outcomes. 

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 Market Challenges

The healthcare cloud computing market is experiencing significant growth as more healthcare providers adopt digital solutions for Electronic Health Records (EHR), Telehealth, IoT, and Big Data Analytics. Challenges include EHR component and service model implementation, data storage and scalability, payment models, and data security and privacy concerns. Chronic diseases like Cancer, CVD, and Diabetes are driving the need for telehealth consultations, remote monitoring, and personalized medicines. Cloud deployment in healthcare includes SaaS offerings from companies like Cerner and Amazon Web Services. Telecloud, wireless technology, and remote monitoring enable continuous patient monitoring and treatment decisions based on data sharing from various clinical information systems, including E-prescribing, Pharmacy, Radiology, and Laboratory information. Data interoperability and portability issues persist, along with regulatory compliance and data migration challenges. Healthcare payers, including Medicaid and Medicare, are also adopting cloud platforms for claims processing, settlement, and fraud detection. The private segment is investing in managed and professional services for productivity and cost-effectiveness. Big data applications in healthcare include personalized treatments, clinical research, and drug development, utilizing blockchain technology and telemedicine platforms for remote consulting and treatment options. Wearable medical devices, mobile apps, and connected devices enable continuous patient monitoring and personalized treatments. Healthcare professionals require secure, flexible, and scalable solutions to meet the demands of the evolving healthcare landscape.

The healthcare industry’s adoption of cloud computing is on the rise, yet a significant challenge persists: a shortage of skilled IT professionals. According to recent surveys, approximately 45.6% of respondents identified this issue as a barrier to faster cloud implementation in healthcare. This scarcity keeps cloud computing professionals in high demand, making recruitment and retention a major concern for organizations. In this competitive landscape, securing and maintaining a talented team of cloud experts is essential for healthcare providers seeking to leverage the benefits

of cloud technologies.

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Segment Overview 

This healthcare cloud computing market report extensively covers market segmentation by  

Product 1.1 SaaS1.2 IaaS1.3 PaaSComponent 2.1 Hardware2.2 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 SaaS-  Healthcare organizations are increasingly turning to Software-as-a-Service (SaaS) solutions for their IT needs, as they offer several advantages over traditional on-premises software. SaaS refers to the delivery of applications over the internet on a subscription basis. By subscribing to SaaS applications, healthcare organizations avoid the need for implementing and maintaining on-premises software, significantly reducing licensing costs. SaaS solutions hold a significant market share in healthcare due to their ease of deployment, shorter lead times, and the service provider’s responsibility for maintenance and support. These solutions are used by healthcare organizations to streamline their customer relationship management (CRM), accounting, payroll, supply chain management (SCM), and healthcare information systems. The healthcare industry’s potential for cloud computing is vast, and numerous vendors are providing SaaS-based products to cater to this demand. For instance, EKlinik, based in Malaysia, offers iPatient-Portal for patient healthcare record management, iMedicID for emergency notification information, and U2Doc for telemedicine. Home healthcare is also adopting SaaS-based technologies, with vendors like HealthSaaS providing cloud services for home-health agencies by combining clinical software with monitoring devices for in-home chronic patient care. The migration of healthcare organizations towards cloud services and the popularity of SaaS solutions are driving the growth of the healthcare cloud computing market. With the increasing adoption of these technologies, the market is expected to expand during the forecast period.

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Research Analysis

The Healthcare Cloud Computing Market is a rapidly growing segment in the healthcare industry, offering innovative solutions for Electronic Health Records (EHR), Telehealth, Internet of Things (IoT), and Big Data Analytics. Cloud deployment enables healthcare providers to store, manage, and access large volumes of data, ensuring data scalability and security. Telehealth and wearable devices generate vast amounts of data, requiring cloud storage and analytics for real-time patient monitoring and personalized medicines. Big data applications in healthcare include clinical research, drug development, and clinical information systems. Cloud-based payment models streamline financial transactions, while regulatory compliance and blockchain technology ensure data security. The private segment benefits from customized solutions, while patient portals offer easy access to non-clinical information. Overall, healthcare cloud computing revolutionizes the industry by improving efficiency, enhancing patient care, and driving innovation.

Market Research Overview

Healthcare cloud computing is revolutionizing the industry by enabling the storage, management, and analysis of large volumes of health data in a secure and scalable manner. Telehealth, EHR, IoT, and Big data analytics are key components of this market, allowing for remote consultations, electronic medical records, and real-time patient monitoring. Wearable devices and wireless technology facilitate continuous monitoring and data collection, while data interoperability ensures seamless sharing between healthcare providers. Cloud deployment offers data storage solutions with high scalability and cost-effectiveness, addressing the needs of healthcare providers, payers, and patients. Data security and privacy concerns are addressed through encryption, access control, and compliance with regulations such as HIPAA. Telecloud, telehealth consultations, and e-prescribing are transforming the delivery of healthcare services, enabling personalized treatments and remote consulting for chronic diseases like cancer, CVD, and diabetes. Big data applications, including personalized medicines, clinical research, and drug development, are driving innovation in the sector. Blockchain technology and data migration are also gaining traction, offering secure and transparent data sharing and regulatory compliance. The market includes various service models, including SaaS, managed services, and professional services, catering to the diverse needs of healthcare organizations and individual patients. The healthcare payers segment, including Medicaid and Medicare, is adopting cloud platforms for claims processing, settlement, and fraud detection. The private segment is also investing in healthcare IT solutions, including telemedicine platforms, patient portals, and clinical data sources, to improve productivity and patient care. The use of non-clinical information, such as patient-reported outcomes and the patient’s health status, is becoming increasingly important for treatment decisions and personalized treatments. The market is expected to grow significantly in the coming years, driven by the increasing adoption of cloud technologies and the need for efficient, cost-effective, and flexible healthcare solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSaaSIaaSPaaSComponentHardwareServicesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Karma Automotive Announces Eximius, the Bespoke Vehicle Program for Elite Clients Seeking Singular Expressions of Extreme Performance and Bold Craftsmanship

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The First Eximius Creation, “Eximius 1,” is a Menacing Four-Seater Built for the Track which Makes its World Premiere at the 2026 Concours at Wynn Las Vegas

LAS VEGAS, Oct. 31, 2026 /PRNewswire/ — Karma Automotive builds vehicles in the hundreds rather than the thousands, attracting a highly individualistic clientele seeking a unique statement. For those who wish to go further still, and explore new possibilities beyond the extensive options for personalization available through the Studio program, Karma has created the Eximius bespoke vehicle program. Eximius clients may modify the vehicle’s body, performance and powertrain, collaborating with Karma’s design and engineering teams to build a One-of-One statement which will never be repeated.

Karma Eximius clients may modify the vehicle’s body, performance and powertrain to build a One-of-One statement

The first vehicle from Karma Eximius debuts today at the 2026 Concours at Wynn Las Vegas. A menacing four-seater purpose-built for the track, “Eximius 1” is in ongoing development with its commissioning client, who is not revealed at this time. Upon delivery in 2027, “Eximius 1” will be fitted with an extreme-performance Plug-in Series Hybrid utilizing a 6.2 Liter V8 producing nearly 1200hp (550hp ICE, 645hp battery), delivering acceleration from 0-60mph in 2.7 seconds and a top speed in excess of 200mph (estimated). As these parameters would demand, “Eximius 1” will be equipped with carbon-ceramic brakes and two-piece slotted brake rotors, and Ohlins semi-active suspension.

“‘Eximius 1’ began as a conversation with an elite client who loves their Karma Revero, but wanted something more extreme and unexpected, which was music to our ears,” says Marques McCammon, President and Chief Executive, Karma Automotive. “The Eximius program effectively deletes the word ‘no’ from conversations about what’s possible,” he continues, “and as a four-seat track weapon packing what’ll be the most powerful Plug-in Series Hybrid powertrain and vehicle ever developed, ‘Eximius 1’ shatters expectations and further establishes Karma as a manufacturer of exotic, uniquely American vehicles.” 

Exterior Design
“Eximius 1” is an imposing vehicle to behold, exhibiting the muscularity and eyepopping strength of a superhero. Every panel – excluding the body surface outer – is constructed of pre-impregnated carbon fiber, and the vehicle is 50mm wider due to its wheel arch extensions. The front doors and hood have a unique technical fade from glossy, exposed regular carbon fiber to signature Borealis Blue paint.

The front carbon splitter sets an aggressive tone and is flanked by massive side air intakes incorporating Karma’s Target Acquisition Lighting, rotated 45º to create a distinctive ‘><‘ DRL graphic identity. On the hood, the dramatic arc of the Comet Line – which is inspired by Halley’s Comet is it streaks across the evening sky – widens from its apex towards the base of the windshield; vents above the front fenders release air pressure from the wheel housings and add further visual intrigue. Moving to the side of the vehicle, the front fenders aft of the wheels feature Karma’s signature “Backslash” bearing the number “5,” which is of particular significance to the commissioning client. 21″ Magnesium wheels with center-locks reduce rotating and unsprung mass, and are finished in satin black. Aft of the driver’s side front wheel, twin exhaust tips announce the fearsome new powertrain.

The full-width rear GT wing maximizes stability and downforce at high speeds, and continues the distinctive ‘><‘ DRL graphic identity established at the front of “Eximius 1.” The rear fascia also boasts large side air intakes which are connected by a dominant diffuser to manage underbody airflow.

Interior Design
An aura of intensity continues to the interior of “Eximius 1.” In concert with the exterior, blue-tinted carbon-fiber adorns the seats, flat-bottom steering wheel and doors; for aesthetics and weight-savings, all four doors are manufactured in exposed carbon fiber with one purposeful arm pad on each door. The seats, which are Recaro carbon fiber buckets up front, are trimmed with blue Alcantara and blue Italian leather with Moondust Alcantara upper sections, creating an articulated, form-fitted feel. To support high-speed driving and intense braking force, the accelerator, brake pedal and dead pedal are billet machined aluminum.

The instrument panel is reimagined in glossy carbon fiber and incorporates anodized billet aluminum HVAC vents. The carbon fiber center console is simplified to include the essentials only: the PRND gear selector, window switches, key fob holder, and Emergency kill switch. This console extends through to the rear compartment, to which the client’s custom-fitted carbon fiber racing helmet is held in place by a center-latched strap matching the blue seat belts.

About Karma Automotive
Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of Plug-in Series Hybrid vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. The Gyesera Grand Coupe, a Plug-in Series Hybrid four-seater, arrives at dealerships in December 2026; and the Amaris GT 2-Door Plug-in Series Hybrid arrives in Q4 2027. The Karma Kaveya Super Coupe, with over 1,000HP and butterfly-doors, will arrive in Q1 2028, to be followed by the Karma Ivara GT-UV: both EVs will incorporate SDVA (Software-Defined Vehicle Architecture) developed with leading technology partners. For more information, visit www.karmaautomotive.com) 

Media Contact:

Joe Richardson, (917) 716-6617
Joe@BeautifulNoisePR.com 

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SOURCE Karma Automotive

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ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control

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BEIJING, Oct. 31, 2026 /PRNewswire/ — ModelBest and OpenBMB jointly announced the release and open-source availability of the MiniCPM-OCR series, a family of models for efficient document parsing and parsing-quality assessment. The launch includes two models: MiniCPM-OCR 1.0 (1.3B) and MiniCPM-OCR Jev (2B).

As the first OCR-focused model in the MiniCPM family, MiniCPM-OCR 1.0 brings top-tier parsing accuracy to a compact 1.3-billion-parameter architecture optimized for edge deployment, pushing forward the balance between efficiency and performance for open-source OCR models. Built for real-world conditions, it accurately parses scanned, photographed, curved, tilted and screen-captured documents without cumbersome image pre-correction, lowering the barrier to large-scale document digitization.

The model handles dense bilingual Chinese-English content, complex mathematical formulas, and multi-level or borderless tables, consistently performing at a leading level across a broad range of mainstream industry evaluations. Beyond full-page reconstruction, it supports key information extraction (KIE), pulling specified fields from invoices, IDs and financial statements according to business instructions.

Powered by DSpark decoding acceleration, MiniCPM-OCR 1.0 significantly increases end-to-end throughput while lowering per-page latency. For enterprises processing millions of pages—such as financial contract archives, academic libraries and government records—this means processing far more documents with the same hardware and time budget, at a substantially lower computing cost.

To address the long-standing need for page-by-page manual review, ModelBest and OpenBMB also introduced MiniCPM-OCR Jev, the first OCR result decision model that acts as an “AI quality inspector.” Rather than performing OCR itself, Jev compares the source image with OCR output and rapidly assigns confidence scores to text, LaTeX formulas and tables, detecting missing characters, errors and formatting misalignments. Despite its compact 2B-parameter size, Jev delivers judgment accuracy typically associated with far larger models.

Jev supports cross-model deployment and can be integrated into existing OCR workflows without replacing the underlying OCR engine. It can automatically identify reliable results for direct processing, flag potentially inaccurate outputs for human review and select the best result from multiple OCR systems. This enables enterprises to move from full manual inspection toward risk-based, automated quality control.

The MiniCPM-OCR series is available on GitHub, Hugging Face and ModelScope, and supports vLLM, SGLang, llama.cpp and Ollama, along with SDKs, APIs, Agent Skill plugins and open-source fine-tuning code. Day-0 hardware adaptation covers AMD, Arm, Houmo AI, Intel and NVIDIA. Through the FlagOS software stack, it also has Day-0 support for AI and edge chips from CIX Technology, Huawei Ascend, Hygon, Iluvatar CoreX, Kunlunxin, MetaX, Moore Threads, Sunrise, T-Head, TsingMicro, NVIDIA and Apple Mac (Arm).

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SOURCE ModelBest

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Wulcea Elevates Consumer Trust in Heated Apparel Through Multi-National Safety Certifications and Rigorous Technical Testing

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NEW YORK, Oct. 31, 2026 /PRNewswire/ — As smart heated clothing gains broader adoption, consumers are paying closer attention to the safety and reliability of the technology behind these products. Wulcea, a brand specializing in graphene-powered heated apparel, combines its flexible GrapheneNano™ heating technology with documented safety compliance and durability testing for its heating components and battery systems.

“Trust in smart heated apparel goes beyond warmth—it comes down to confidence in battery safety and heating element reliability,” said John C, Founder of Wulcea. “Our goal is to give users peace of mind through certified technical standards.”

Advanced Graphene Heating Elements Supported by Global Standards

At the core of Wulcea’s thermal architecture is its GrapheneNano™ heating technology. Engineered to eliminate garment stiffness, Wulcea integrates flexible graphene elements that deliver balanced warmth across key upper-body zones while preserving natural garment drape and full freedom of movement.

Wulcea supports its heating components with applicable compliance documentation for major markets. These include CE and FCC compliance documentation addressing relevant electrical and electromagnetic compatibility requirements, as well as PSE compliance for applicable products in Japan. RoHS compliance further addresses restrictions on specified hazardous substances in applicable electrical and electronic components.

Multi-Certified Battery System for Dependable Power

To power its heating elements, Wulcea pairs its heated apparel with rechargeable battery systems designed for convenient everyday use. Featuring a compact design and housed in dedicated interior pockets, the batteries provide portable power while maintaining a streamlined garment profile and comfortable fit.

Wulcea backs its battery options with comprehensive third-party accreditations. UL certification demonstrates that the battery system has been evaluated against recognized power bank safety requirements, covering key areas such as overcharge protection, short-circuit protection, and thermal safety. The battery systems are also supported by applicable CE and FCC compliance documentation, addressing relevant regulatory requirements for electrical and electromagnetic compatibility.

For daily handling and travel, RoHS compliance validates that the battery system meets stringent global standards for material safety. The battery models have also undergone applicable UN 38.3 testing, supporting compliance with international requirements for lithium battery transportation.

Real-World Durability and Practical Usability

Component compliance forms Wulcea’s foundation, but reliability is defined by real-world performance. Built for high-flex endurance, Wulcea’s flexible graphene heating elements are tested through 10,000 active flexing cycles to maintain steady thermal output through repeated bending and everyday body movement.

Everyday convenience is equally essential. Built for hassle-free care, Wulcea’s heating elements withstand 100 machine-wash cycles under standard care guidelines, maintaining internal conductivity and structural stability under repeated laundering.

Integrated NTC temperature sensors provide thermal monitoring and are designed to stop heating if temperatures exceed 131°F (55°C). Combined with runtime of up to 10 hours on the low setting and a discreet interior control button, these features support practical everyday use in cold-weather conditions.

Aligning Technical Standards with Everyday Warmth

By combining graphene-based heating technology with documented battery safety compliance and durability testing, Wulcea continues to focus on the technical foundations of dependable heated apparel. This approach reflects the brand’s emphasis on bringing together safety considerations, practical functionality, and everyday comfort for cold-weather use.

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SOURCE Wulcea

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