Growing Adoption of Information Technology to Boost Cloud Adoption and Reduce Healthcare Costs

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This market is expected to reach $9.48 Billion by 2020 from $3.73 Billion in 2015 at a CAGR of 20.5% during the forecast period.

(EMAILWIRE.COM, July 18, 2018 ) Browse 83 market tables and 41 figures spread through 209 pages and an in-depth TOC on “Healthcare Cloud Computing Market”
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Cloud computing helps store, manage, and process data from disparate locations, and delivers hosted services over the internet. In the healthcare industry, cloud computing as a technology is offered in four forms computation, storage, memory, and networking.

Cloud computing is increasingly being adopted in the healthcare industry owing to the increasing pressure to curtail healthcare costs while maintaining the quality of care provided to patients.

Key factors expected to spur the growth of this market are reforms in various countries benefiting healthcare IT, proliferation of new payment models and the cost-efficiency of cloud technology, and the implementation of the Patient Protection and Affordable Care Act (PPACA).

Moreover, teleCloud and the formation of accountable care organizations (ACOs) are creating growth opportunities for the market. However, the security of patient data on the cloud is a crucial issue likely to restrain the growth of this market.

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Based on application, the healthcare cloud computing market is categorized into clinical information systems (CIS) and nonclinical information system (NCIS). In 2015, CIS is estimated to account for the major share of the healthcare cloud computing market.

On the basis of service model, this market is segmented into software-as-a-service (SaaS), information-as-a-service (IaaS), and platform-as-a-service (PaaS). In 2015, the software-as-a-service (SaaS) segment is estimated to account for the major share of the market.

Based on deployment model, the market is segmented into private cloud, public cloud, and hybrid cloud. In 2015, the private cloud segment is estimated to account for the major share of the healthcare cloud computing market.

On the basis of pricing model, this market is segmented into pay-as-you-go and spot pricing. In 2015, the pay-as-you-go segment is estimated to account for the major share of the healthcare cloud computing market.

Based on component, the market is segmented into hardware, software, and services. In 2015, the software segment is estimated to account for the major share of the healthcare cloud computing market.

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On the basis of end users, the market is segmented into healthcare providers and healthcare payers. In 2015, the healthcare providers segment is estimated to account for the major share of the healthcare cloud computing market.

On the basis of regions, the market is divided into North America, Europe, Asia, and the Rest of the World (RoW). In 2015, North America is estimated to account for the largest share of the healthcare cloud computing market, followed by Europe and Asia. North America is expected to continue to grow at the highest CAGR during the forecast period.

Some major players in the global healthcare cloud computing market include athenahealth, Inc. (U.S.), CareCloud Corporation (U.S.), ClearData Networks, Inc. (U.S.), Carestream Health (U.S.), Dell Inc. (U.S.), GNAX Health (U.S.), IBM Corporation (U.S.), Iron Mountain, Inc. (U.S.), Merge Healthcare, Inc. (U.S.) and VMware, Inc. (U.S.).

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