The healthcare cloud computing market, by pricing model, is segmented into pay-as-you-go and spot pricing. In 2015, the pay-as-you-go segment is expected to account for the largest share of the market. Cloud computing helps store, manage, and process data from disparate locations, and delivers hosted services over the internet. In the healthcare industry, cloud computing as a technology is offered in four forms computation, storage, memory, and networking. Cloud computing is increasingly being adopted in the healthcare industry owing to the increasing pressure to curtail healthcare costs while maintaining the quality of care provided to patients.
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Global healthcare cloud computing market is segmented on the basis of application, deployment model, service model, pricing model, component, end user, and region. By application, the market is categorized into clinical information systems (CIS) and nonclinical information systems (NCIS). In 2015, CIS is expected to hold the largest share of market. This segment is expected to grow at the fastest rate during the forecast period (2015 to 2020).
Drivers of this market are covered in this research are as follows,
- Reforms in Various Countries Directly Benefiting Healthcare It
- Proliferation of New Payment Models and Cost-Efficiency of Cloud
- Usage of Cloud Improves Storage, Flexibility, and Scalability of Data
- Growing Adoption of Information Technology to Boost Cloud Adoption and Reduce Healthcare Costs
- Implementation of the Patient Protection and Affordable Care Act (Ppaca)
- Dynamic Nature of Health Benefit Plan Designs
Moreover, teleCloud and formation of accountable care organizations (ACOs) are creating growth opportunities for the However, security of patient data on cloud is a crucial issue that is likely to restrain the growth of healthcare cloud computing market. healthcare cloud computing market, by service model, is segmented into software-as-a-service (SaaS), platform-as-a-service (PaaS), and information-as-a-service (IaaS). In 2015, software-as-a-service segment is expected to account for largest share of market.
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Key factors expected to spur the growth of healthcare cloud computing market are reforms in various countries benefiting healthcare IT, proliferation of new payment models and the cost-efficiency of cloud technology, and the implementation of the Patient Protection and Affordable Care Act (PPACA). Moreover, teleCloud and the formation of accountable care organizations (ACOs) are creating growth opportunities for the market. However, the security of patient data on the cloud is a crucial issue likely to restrain the growth of this market.
Some major players in global healthcare cloud computing market include athenahealth, Inc. (U.S.), CareCloud Corporation (U.S.), ClearData Networks, Inc. (U.S.), Carestream Health (U.S.), Dell Inc. (U.S.), GNAX Health (U.S.), IBM Corporation (U.S.), Iron Mountain, Inc. (U.S.), Merge Healthcare, Inc. (U.S.) and VMware, Inc. (U.S.).
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The market for healthcare cloud computing in the U.S. is expected to rise due to increased insurance enrollment triggered by the Patient Protection and Affordable Care Act (March 2010), inadequate IT infrastructure among payers, and conference, symposia, and seminars conducted on cloud computing in the U.S.
In 2015, North America accounted for largest share of global healthcare cloud computing market, followed by Europe, Asia, & Rest of the World (RoW). In coming years, healthcare cloud computing market is expected to witness highest growth rate in North America, with emphasis on the U.S.
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