Healthcare cloud computing market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

PR Newswire
Monday, December 5, 2022 at 12:30pm UTC

Healthcare cloud computing market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

PR Newswire

NEW YORK, Dec. 5, 2022 /PRNewswire/ -- According to Technavio, the global healthcare cloud computing market size is projected to grow by USD 42.21 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 20.55% during the forecast period. However, the growth momentum will decelerate. North America will account for 39% of the global market's growth during the forecast period.

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Global healthcare cloud computing market - Five forces

The global healthcare cloud computing market is fragmented, and the five forces analysis covers–

  • Bargaining power of buyers
  • Threat of new entrants
  • Threat of rivalry
  • Bargaining power of suppliers
  • Threat of substitutes
  • Interpretation of Porter's Five Forces model helps to strategize the business, for entire details - buy report! 

Global healthcare cloud computing market Parent market analysis

Technavio categorizes the global healthcare cloud computing market as a part of the healthcare technology market, which covers revenue generated from the sales of healthcare applications and IT systems; data processing software; Internet-based healthcare tools; and IT consulting services to clinics, hospitals, or businesses operating primarily in the healthcare sector. Technavio calculates the global healthcare market size based on the combined revenue generated by the manufacturers or providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services.

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Global healthcare cloud computing market – Customer landscape  

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on the penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global healthcare cloud computing marketSegmentation assessment

Segment overview

Technavio has segmented the market based on product, component, and region.

  • The SaaS segment will account for a significant share of the market's growth during the forecast period. The growth of this segment will be driven by factors such as the increasing migration of healthcare organizations toward cloud service and the high popularity of SaaS solutions. Various vendors are providing SaaS-based products for healthcare organizations owing to the high potential for cloud computing in healthcare.

Geography overview

Based on geography, the global healthcare cloud computing market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global healthcare cloud computing market.

  • North America will account for 39% of the growth of the global healthcare cloud computing market during the forecast period. The US, Canada, and Mexico are the major adopters of healthcare cloud computing solutions in the region. Many healthcare institutions in the US are adopting cloud computing. For instance, LifePoint Health signed a multiyear strategic partnership with Google LLC to implement Google Cloud's healthcare data engine in its hospitals across the US. Such collaborations are expected to drive the growth of the market in the region during the forecast period.

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Global healthcare cloud computing market – Market dynamics

Key factors driving market growth

  • The increased number of cloud vendors is driving the healthcare cloud computing market growth.
  • Several vendors have entered the market to provide services such as EHR and EMR facilities. For instance, Alibaba has launched ET Medical Brain, an AI-assisted solution suite that acts as a virtual assistant in medical imaging, drug development, and hospital management.
  • The market is dominated by a few players. However, other companies are providing cloud services by partnering with existing vendors. For instance, Rackspace offers cloud services in collaboration with Amazon.com.
  • Thus, with a rise in the number of cloud service providers, the market is expected to grow rapidly during the forecast period.

Recent trends influencing the market

  • The introduction of edge computing is a trend in the healthcare cloud computing market.
  • Edge computing is a method of optimizing cloud computing systems. It can help speed up data collection and analysis, thus improving the overall process speed.
  • Vendors such as BioLert are providing software that uses edge computing for monitoring patients. For example, it can be used for detecting and notifying about the occurrence of epilepsy episodes in patients to their family members or caretakers.
  • Such factors will support the growth of the market during the forecast period.

Major challenges hindering market growth

  • The shortage of cloud professionals in the healthcare industry is challenging the healthcare cloud computing market growth.
  • There is a high demand for trained cloud computing professionals. However, there is a shortage of qualified and trained cloud computing professionals in the industry.
  • Healthcare organizations employing cloud computing will need to hire trained specialists for application development, data security, and management. The cost of hiring these specialists is high due to their demand.
  • Therefore, a shortage of trained professionals will hamper the growth of the market.

Drivers, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of businesses. Find some insights from a sample report!

What are the key data covered in this healthcare cloud computing market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the healthcare cloud computing market between 2023 and 2027
  • Precise estimation of the size of the healthcare cloud computing market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the healthcare cloud computing market  across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of healthcare cloud computing market vendors

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Related reports:

  • The healthcare RCM outsourcing market size in the US is projected to grow by USD 1.67 billion with a CAGR of 7.75% between 2021 to 2026. The improvement in healthcare administrative processes is notably driving the healthcare RCM outsourcing market growth in the US, although factors such as offshore outsourcing intensifying competition in the market may impede the market growth.
  • The healthcare information systems market size is projected to grow by USD 136.04 billion with a CAGR of 10.1% between 2021 to 2026. The market is segmented by application (revenue cycle management, hospital information systems, medical imaging information systems, pharmacy information systems, and laboratory information systems) and geography (North America, Europe, Asia, and Rest of World (ROW)). 

Healthcare Cloud Computing Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic Period

2017 -2021

Forecast period

2023 -2027

Growth momentum & CAGR

Decelerate at a CAGR of 20.55%

Market growth 2023-2027

USD 42.21 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.08

Regional analysis

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

Performing market contribution

North America at 39%

Key countries

US, Canada, UK, Germany, and France

Competitive landscape

Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Leading Vendors, Market Positioning of Vendors

Allscripts Healthcare Solutions 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.com Inc., Siemens AG, VMware Inc., and Amazon.com Inc.

Market  Dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global healthcare cloud computing market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global healthcare cloud computing market 2017 - 2021 ($ billion)
  • 4.2 Product Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
  • 4.3 Component Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
  • 6.2 Comparison by Product 
    • Exhibit 32: Chart on Comparison by Product
    • Exhibit 33: Data Table on Comparison by Product
  • 6.3 SaaS - Market size and forecast 2022-2027
    • Exhibit 34: Chart on SaaS - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on SaaS - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on SaaS - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on SaaS - Year-over-year growth 2022-2027 (%)
  • 6.4 IaaS - Market size and forecast 2022-2027
    • Exhibit 38: Chart on IaaS - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on IaaS - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on IaaS - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on IaaS - Year-over-year growth 2022-2027 (%)
  • 6.5 PaaS - Market size and forecast 2022-2027
    • Exhibit 42: Chart on PaaS - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 43: Data Table on PaaS - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 44: Chart on PaaS - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on PaaS - Year-over-year growth 2022-2027 (%)
  • 6.6 Market opportunity by Product 
    • Exhibit 46: Market opportunity by Product ($ billion)

7 Market Segmentation by Component

  • 7.1 Market segments 
    • Exhibit 47: Chart on Component - Market share 2022-2027 (%)
    • Exhibit 48: Data Table on Component - Market share 2022-2027 (%)
  • 7.2 Comparison by Component 
    • Exhibit 49: Chart on Comparison by Component
    • Exhibit 50: Data Table on Comparison by Component
  • 7.3 Hardware - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on Hardware - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
  • 7.4 Services - Market size and forecast 2022-2027
    • Exhibit 55: Chart on Services - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Services - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Services - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Component 
    • Exhibit 59: Market opportunity by Component ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027
    • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027
    • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 Canada - Market size and forecast 2022-2027
    • Exhibit 89: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.10 UK - Market size and forecast 2022-2027
    • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027
    • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 France - Market size and forecast 2022-2027
    • Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 Allscripts Healthcare Solutions Inc. 
    • Exhibit 112: Allscripts Healthcare Solutions Inc. - Overview
    • Exhibit 113: Allscripts Healthcare Solutions Inc. - Business segments
    • Exhibit 114: Allscripts Healthcare Solutions Inc. - Key news
    • Exhibit 115: Allscripts Healthcare Solutions Inc. - Key offerings
    • Exhibit 116: Allscripts Healthcare Solutions Inc. - Segment focus
  • 12.4 Amazon.com Inc. 
    • Exhibit 117: Amazon.com Inc. - Overview
    • Exhibit 118: Amazon.com Inc. - Business segments
    • Exhibit 119: Amazon.com Inc. - Key news
    • Exhibit 120: Amazon.com Inc. - Key offerings
    • Exhibit 121: Amazon.com Inc. - Segment focus
  • 12.5 Athenahealth Inc. 
    • Exhibit 122: Athenahealth Inc. - Overview
    • Exhibit 123: Athenahealth Inc. - Product / Service
    • Exhibit 124: Athenahealth Inc. - Key offerings
  • 12.6 Carestream Health Inc. 
    • Exhibit 125: Carestream Health Inc. - Overview
    • Exhibit 126: Carestream Health Inc. - Product / Service
    • Exhibit 127: Carestream Health Inc. - Key offerings
  • 12.7 Cognizant Technology Solutions Corp. 
    • Exhibit 128: Cognizant Technology Solutions Corp. - Overview
    • Exhibit 129: Cognizant Technology Solutions Corp. - Business segments
    • Exhibit 130: Cognizant Technology Solutions Corp. - Key news
    • Exhibit 131: Cognizant Technology Solutions Corp. - Key offerings
    • Exhibit 132: Cognizant Technology Solutions Corp. - Segment focus
  • 12.8 Dell Technologies Inc. 
    • Exhibit 133: Dell Technologies Inc. - Overview
    • Exhibit 134: Dell Technologies Inc. - Business segments
    • Exhibit 135: Dell Technologies Inc. - Key news
    • Exhibit 136: Dell Technologies Inc. - Key offerings
    • Exhibit 137: Dell Technologies Inc. - Segment focus
  • 12.9 DXC Technology Co. 
    • Exhibit 138: DXC Technology Co. - Overview
    • Exhibit 139: DXC Technology Co. - Business segments
    • Exhibit 140: DXC Technology Co. - Key news
    • Exhibit 141: DXC Technology Co. - Key offerings
    • Exhibit 142: DXC Technology Co. - Segment focus
  • 12.10 General Electric Co. 
    • Exhibit 143: General Electric Co. - Overview
    • Exhibit 144: General Electric Co. - Business segments
    • Exhibit 145: General Electric Co. - Key news
    • Exhibit 146: General Electric Co. - Key offerings
    • Exhibit 147: General Electric Co. - Segment focus
  • 12.11 International Business Machines Corp.
    • Exhibit 148: International Business Machines Corp. - Overview
    • Exhibit 149: International Business Machines Corp. - Business segments
    • Exhibit 150: International Business Machines Corp. - Key offerings
    • Exhibit 151: International Business Machines Corp. - Segment focus
  • 12.12 Microsoft Corp. 
    • Exhibit 152: Microsoft Corp. - Overview
    • Exhibit 153: Microsoft Corp. - Business segments
    • Exhibit 154: Microsoft Corp. - Key news
    • Exhibit 155: Microsoft Corp. - Key offerings
    • Exhibit 156: Microsoft Corp. - Segment focus
  • 12.13 NextGen Healthcare Inc. 
    • Exhibit 157: NextGen Healthcare Inc. - Overview
    • Exhibit 158: NextGen Healthcare Inc. - Product / Service
    • Exhibit 159: NextGen Healthcare Inc. - Key offerings
  • 12.14 NTT DATA Corp. 
    • Exhibit 160: NTT DATA Corp. - Overview
    • Exhibit 161: NTT DATA Corp. - Product / Service
    • Exhibit 162: NTT DATA Corp. - Key offerings
  • 12.15 Oracle Corp. 
    • Exhibit 163: Oracle Corp. - Overview
    • Exhibit 164: Oracle Corp. - Business segments
    • Exhibit 165: Oracle Corp. - Key news
    • Exhibit 166: Oracle Corp. - Key offerings
    • Exhibit 167: Oracle Corp. - Segment focus
  • 12.16 Salesforce.com Inc. 
    • Exhibit 168: Salesforce.com Inc. - Overview
    • Exhibit 169: Salesforce.com Inc. - Product / Service
    • Exhibit 170: Salesforce.com Inc. - Key news
    • Exhibit 171: Salesforce.com Inc. - Key offerings
  • 12.17 Siemens AG 
    • Exhibit 172: Siemens AG - Overview
    • Exhibit 173: Siemens AG - Business segments
    • Exhibit 174: Siemens AG - Key news
    • Exhibit 175: Siemens AG - Key offerings
    • Exhibit 176: Siemens AG - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 177: Inclusions checklist
    • Exhibit 178: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 179: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 180: Research methodology
    • Exhibit 181: Validation techniques employed for market sizing
    • Exhibit 182: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 183: List of abbreviations
About Us 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

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