The global healthcare cloud computing market size is expected to reach USD 27.8 billion by 2026, according to a new report by Grand View Research, exhibiting a CAGR of 11.8% over the forecast period. The associated benefits of data analytics and increase in demand for flexible & scalable data storage by healthcare professionals is expected to drive the demand for these services over the forecast period.
Healthcare
organizations are digitalizing their IT infrastructure and deploying cloud
servers to improve features of systems. These solutions help organizations in
reducing infrastructure cost & interoperability issues and aid in complying
with regulatory standards. Hence, rising demand from health professionals to
curb IT infrastructure costs and limit space usage are anticipated to boost
market growth over the forecast period.
Increase
in government initiatives undertaken to develop and deploy IT systems in this
industry is one of the key drivers of this market. Moreover, increase in
partnerships between private & public players and presence of a large
number of players offering customized solutions are some of the factors
anticipated to drive demand in the coming years.
For
more info visit here: https://www.grandviewresearch.com/industry-analysis/healthcare-cloud-computing-market
Healthcare
Cloud Computing Market Report Highlights
- Non-clinical
information systems such as revenue cycle management, health information
exchange, financial management, etc., accounted for the largest revenue
share in application segment in 2018
- Financial
management segment held 23.0% share of the non-clinical segment in 2018
while billing and accounts management is expected to grow at the
considerable CAGR during the forecast period
- Private
deployment model dominated the overall market owing to its benefits and
ease of usage
- Software as a
Service (SaaS) model accounted for the largest revenue share as of 2018 as
it is widely accepted. This model enables access to applications on a
cloud from various devices
- Pay-as-you-go
pricing model is anticipated to gain popularity in the coming years, as
the consumer only pays for services being used
- North America
dominated the market with a share of over 55.0% in 2018. This can be
attributed to an increase in demand from payers as well as providers
- Some key
players of this healthcare cloud computing market include Athenahealth,
Cerner Corporation, CareCloud Corporation, Carestream Corporation, Epic
Systems Corporation, Dell Inc., and Sectra AB
- Companies are
forming various strategic alliances with clinical research organizations
and medical devices companies to further expand their profit margins in
the healthcare IT sector. These type of strategic collaborations are
expected to aid market growth in the coming years.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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