Healthcare Cloud Computing Industry is Expected to Witness a Steady Growth by 2021
According to the Publisher’s analyst, the global healthcare cloud computing market is anticipated to grow rapidly and will post a CAGR of more than 21% during the forecast period. The increased adoption of healthcare informatics will drive the growth prospects for the global healthcare cloud computing market until the end of 2021. With the growing adoption of healthcare informatics, the healthcare information system service providers are increasingly implementing cloud-based software as it involves less investment and minimal support requirements in terms of technology. Some of the major factors responsible for the growing preference for cloud-based applications is its high-volume storage capacity that can be accessed from any region and enable clinicians to access medical records of their patients on mobile devices. Furthermore, it also enables hospitals and clinics to store medical images that are produced in huge volumes and provide instant accessibility and sharing options among personnel. According to the industry research report, the most popular form of cloud-based services to store healthcare data is the software as a service based (SaaS) applications.The reformation of healthcare business process outsourcing (BPO) services by business process as a service (BPaaS) will drive the growth prospects for the global healthcare cloud computing market during the forecasted period. Some of the major benefits of cloud-based BPOs is its ability to help healthcare organizations to reduce costs, develop global delivery models, provide secure data access, provide reliability, scalability, and agility.
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Competitive landscape and key vendors
The global healthcare cloud computing market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are increasingly investing in the development of specific and customized cloud-based solutions to expand their footprint in the global marketplace. Also, vendors are increasingly focusing on the improvement of building capabilities and quality of products as there is less service differentiation.
Key vendors in this market are -
AWS
GE
IBM
Oracle
Salesforce
Other prominent vendors in the market include Allscripts, AppNeta, athenahealth, Cerner, Cisco, Dell, GNAX Health, MEDITECH, Napier Healthcare, NextGen Healthcare, and SAP.
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