Cloud Computing Market In Healthcare Industry - Regulatory Reforms Prescribing Industry’s Digitization Key to Growth

As per the research report, the global market for cloud computing in the healthcare industry was valued at US$1.82 bn in 2011 and is projected to reach a value of US$6.79 bn by the end of 2018. The market is projected to register a remarkable 21.30% CAGR between 2012 and 2018.

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The emergence of wireless technologies and the rise in data sharing through accountable care organizations (ACOs) are some of the primary factors driving the demand for cloud computing in the global healthcare industry. In addition, the robust growth and transformation of healthcare IT is projected to contribute significantly towards the growth of the overall market in the next few years.

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The security of access and data integrity and several other benefits offered by cloud computing are estimated to encourage the growth of the market in the next few years. However, data leakage concerns, data integration and consistency, and data relocation are some of the key factors estimated to restrain the growth of the global cloud computing market in the healthcare industry in the next few years.

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At present, the software-as-a-service segment leads the global cloud computing market in the healthcare industry. Nevertheless, the platform-as-a-service segment is estimated to witness substantial growth in the coming years. Furthermore, on the basis of end use, the non-clinical information systems market is projected to lead the global market in the near future.

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