Software as a Service (SaaS) segment dominated the healthcare cloud computing market, contributing to around 58% of total revenue in 2023. This growth reflects the increasing adoption of cloud-based software solutions that improve operational efficiency, data management, and patient care. SaaS adoption is driven by its cost-efficiency, eliminating the need for substantial IT infrastructure investments, scalability to meet demand and ease of implementation for rapid deployment and updates. Key product developments include healthcare management platforms launched by companies like Epic Systems and Cerner, focused on patient engagement and interoperability, as well as Athenahealth's updated solutions for billing and telehealth.