Healthcare Cloud Computing Market 2016 to grow at a CAGR of 21.95% during the period to 2020

Increased adoption of IT in healthcare has led to a rise in the adoption of cloud computing by the Global Healthcare industry. Though there are significant challenges such as high initial investment and shortage of skilled workforce, cloud computing is expected to witness a significant rise in its adoption by healthcare providers. There is also increased need for integration of data to enable healthcare providers make effective and accurate decisions. The increased adoption of IT in healthcare has led to an urgent need for storage devices to store the enormous amount of data that is being generated. Cloud solutions for storing and retrieving data are expected to significantly reduce the IT expenditure of healthcare institutions.

Global Healthcare Cloud Computing market to grow at a CAGR of 21.95% over the period 2014-2019.

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Moving to the cloud enables the healthcare industry to deal with the increased costs associated with IT investments. Cloud computing also enables healthcare institutions to opt for hardware IaaS.

As the medical industry moves from a paper-based sector into the digital sphere, more data is being generated, which needs to be managed, analyzed and maintained.

“Cloud computing minimizes the number of staff required to maintain infrastructures, thereby enabling healthcare organizations to use existing resources for core processes,”.

The latest report draws attention to genome research, which involves running an enormous amount data for performing data synthesis and analytics, and requires scalable data memory and storage. Such research is essential for developing new drugs, but also requires sophisticated data management solutions.

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“Cloud computing offers tremendous cost advantages and provides the kind of scalability that genome researchers require, and these advantages will certainly contribute to the growth of the Healthcare Cloud Computing Market through the projected period,”.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Healthcare Cloud Computing market for the period 2015-2019. This report considers the revenue generated by the Healthcare segment in the Global Cloud Computing market in the Americas, and the EMEA and APAC regions.

Global Healthcare Cloud Computing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and also includes the profile of key vendors operating in this market.

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