The healthcare cloud computing market is witnessing momentous augmentation due to improved government healthcare IT expenditure and improved features of cloud computing services. Besides, growing demand for improved healthcare amenities, rising in popularity of wireless and cloud technologies are pouring the healthcare cloud computing market. North America is leading the market for the world healthcare cloud computing.
A Worldwide Market Study on Healthcare Cloud Computing reveals that Hybrid Clouds to see major Growth by 2020. In 2014, the global healthcare cloud computing market was worth at USD 4,216.5 million and is predicted to grow at a CAGR of 20.1 per cent in 2020, to attain an expected value of USD 12,653.4 million at CAGR 20.1 per cent by 2020. The North American market for healthcare cloud computing is predicted from USD 1,857.5 million to USD 5,757.7 million in 2020, at a growing CAGR of 20.7 per cent. In periods of deployment model, hybrid clouds are the highest increasing fragment and Software-as-a-Service or Saas is the largest section of the healthcare cloud computing market.
The latest trends, which have been observed in the world healthcare cloud computing market involves the growing utilization of mobile devices for delivering healthcare services. Microsoft Corp. and International Business Machines Corporation are playing the dominating role in the world healthcare cloud computing market. Some other key players in the healthcare cloud computing market are Dell Inc, CareCloud Corp., ORACLE, Agfa-Gevaert N.V., Merge Healthcare Inc., and GE Healthcare.