May 8, 2019
Clinical information systems segment of cloud computing in healthcare market is poised to achieve 15% CAGR from 2019 to 2025 owing to rising demand for evaluating and maintaining raw data generated from physicians.
Selbyville, United States - May 8, 2019 /MarketersMedia/ —
North America Cloud Computing in Healthcare Market will register 15% CAGR in the given timeframe. Growing technological advancements along with rising healthcare expenditures will foster regional growth. The requirement to reduce cost in healthcare industry will further drive North America healthcare cloud computing industry growth.
Hospitals segment was valued around 4 billion in 2018 and will grow significantly during the forecast timeframe. Digital transformation in hospitals through cloud computing will provide better health initiatives that will favor segment growth. Further, hospitals can begin to lay work for IoT technologies and improved data analytics for improved approach among the patients thus, should boost industry growth.
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Public cloud segment will witness more than 15.5% CAGR over the forecast timeframe. The segment growth is attributable to various benefits offered such as scalability, agility and cost savings that drives preference for public cloud thereby, will foster segmental growth.
Global Cloud Computing in Healthcare Market is set to exceed USD 55 billion By 2025; according to a new research report by Global Market Insights, Inc. Technological advancements in healthcare industry along with increasing healthcare expenditure will further catalyze the healthcare cloud computing market growth. Growing need for deployment of cloud computing in healthcare and cutting-edge analytical tools for better operational efficiency will favor business growth. Furthermore, numerous government initiatives pertaining to adoption of cloud computing will create growth avenues for industry players. However, data safety issues and fear of cloud data breaches may negatively impact business growth over the coming years.
Rising adoption of information technology in healthcare sector is the key factor driving cloud computing in healthcare market growth during the forecast period. Usage of cloud computing technique provides IT facilities to retrieve assets from internet by using web-based tools and applications. It offers easy access to servers, storage, databases as well as a wide array of applications. Healthcare cloud computing offers flexibility to control data scalability, massive storage of clinical statistics in hospitals & clinics and quicker accessibility to digital medical records. Moreover, increasing demand for cloud computing in patient billing to reduce capital expenditure pertaining to conventional mode of billing practices will further spur the revenue size.
Software segment was valued around 4.5 billion in 2018 and should witness similar growth trend over the coming years. Advancement in technology and advantages associated with software upgradation drives segment growth. Advantages include reducing operational costs by robust auto-updating mechanism and helping healthcare providers to invest in best treatment decisions should boost business growth.
Few industry players of global cloud computing in healthcare market include Cisco, Carestream Health, Athenahealth, IBM, EMC, Oracle, Carecloud, Cleardata, GNAX Health and Merge Healthcare.
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Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/healthcare-cloud-computing-market
Source URL: https://marketersmedia.com/cloud-computing-in-healthcare-market-worth-usd-55-billion-by-2025/510193
Source: MarketersMedia
Release ID: 510193
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