According to the latest market study released by Technavio,
healthcare cloud computing market is expected to grow at a CAGR
of more than 21% during the forecast period.
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Technavio has published a new report on the global healthcare cloud computing market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global
Healthcare Cloud Computing Market 2017-2021' provides an
in-depth analysis of the market regarding revenue and emerging market
trends. This report also includes an up to date analysis and forecasts
for various market segments and all geographical regions.
According to Amit Sharma, a lead analyst at Technavio for enterprise
application research, "The cloud-based software market in the
healthcare industry for cardiology is booming due to the rising volume
of subscriptions and license renewals of medical software. Many cardiac
care hospitals also deploy cloud-based solutions for immediate
retrieval of patient data. The rising demand for advanced and remote
healthcare services has accelerated the sales of cloud-based software in
the healthcare industry."
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The market research analysis categorizes the global healthcare cloud
computing market into three major segments based on services. They are:
SaaS in healthcare
The global software as a service (SaaS) in the healthcare market is
expected to grow at a CAGR of close to 23%. SaaS is an on-demand
software solution that is delivered over the Internet on a subscription
basis. Healthcare organizations are implementing SaaS over on-premises
solutions to reduce the high upfront cost of software licensing.
Healthcare payers and providers have adopted SaaS-based software
solutions for CRM, accounting, payroll, supply chain management, and
healthcare information systems.
SaaS has gained traction in the cloud computing market as SaaS-based
software solutions take less time to implement than on-premises software
solutions. Vendors such as Salesforce specialize in SaaS for CRM
services. The SaaS solutions that are powered by analytical
tools are in high demand in the healthcare sector.
IaaS in healthcare
The global infrastructure as a service (IaaS) in the healthcare market
is expected to grow at a CAGR of more than 18%. IaaS is a cloud
computing service that manages databases, storage, disaster recovery,
and other infrastructure-related solutions through hosting services.
"Healthcare organizations are quickly adopting IaaS to manage their
IT infrastructure requirements through on-demand cloud computing
services," says Amit.
SMBs often lack an in-house IT team to manage infrastructure-related IT
solutions. They either outsource their IT department to third-party
service providers or subscribe to cloud-based services. Top vendors in
the market, such as Microsoft and Amazon Web Services
(AWS), are providing IaaS solutions to SMBs for data
center services, application management, and disaster recovery
systems. Flexibility regarding storage space on the PAYG pricing model
is one of the main offerings of IaaS. This has encouraged many SMBs in
the BFSI, telecom, healthcare, and retail industries to adopt
PaaS in healthcare
The global platform as a service (PaaS) in the healthcare market is
expected to grow at a CAGR of more than 20%. PaaS provides a platform to
create and manage web applications and business processes in an
organization's IT environment. These applications and business processes
can be delivered over the Internet. PaaS solutions act as a middleware
in the cloud computing architecture and provide a platform to integrate
enterprise web applications.
PaaS solutions such as Microsoft Azure provide cloud platform
solutions for application development and management services. Some of
the advanced software development tools, such as DevOps, can be
integrated with a PaaS solution to build, run and test an application in
a cloud-based environment. The mobility trend is a major growth driver
for the PaaS market. Many enterprise mobile application developers have
turned their focus to PaaS solutions.
The top vendors highlighted by Technavio's ICT
market research analysts in this report are:
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company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170214005729/en/
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