While Cloud computing technologies offer an easy way to get access to servers, storage, databases, and a wide-ranging array of application facilities on the web, the technology progressively being utilized in the healthcare industry to perform better outcomes. Even in 2018, the global Healthcare Cloud Computing market was worth around USD 18.85 billion and is anticipated to reach USD 61.84 billion by 2025.
Cloud computing is a method for supplying IT facilities that support in recovering assets from the internet by practicing web-based applications and tools. It offers a great deal of versatility to the healthcare organizations, where they can manage data scalability as per their convenience. In the Healthcare Cloud Computing market, escalating adoption of IoT, wearable devices, and big data analytics, development of high-speed internet, the introduction of novel payment models, growing demand for accurate regulatory compliance, and rapid investment by healthcare providers are likely to key factors responsible for the market growth. The technique also provides various advantages like flexibility, better storage, and data scalability. Besides, concrete administrative regulations, raising public awareness, and efforts taken by government agencies are likely to produce new growth roots for the market players of the Healthcare Cloud Computing market in the near future. Though, rising cases of cloud data breaches, data privacy issues, and complexities related to data portability might curb the market for Healthcare Cloud Computing.
The global Healthcare Cloud Computing market is classified into application, component, deployment model, service model, and end-user. On the basis of application, the market comprised clinical information system and nonclinical information system, where the clinical information system is divided into image sharing solutions, EMR, VNA and PACS, PHM, LIMS, Telehealth, RIS, and PIS. While the nonclinical information system contains RCM, billing and accounts management, financial management, supply chain management, HIE, and fraud management. In the Healthcare Cloud Computing Market, North America is predicted to dominate the market growth throughout the estimated timeframe.