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Public sector

Cloud healthcare market to soar

The global cloud computing market in the healthcare industry and is expected to reach almost US$7 billion by 2018, according to a report from Transparency Market Research.

This represents a growing a CAGR of 21.3 per cent from 2012 to 2018.

Strong growth in this market is attributed to the need for healthcare organisations to manage and optimise their complex IT systems, provide faster and flexible healthcare delivery to patients and physicians through mobile and other easy access systems, compliance with regulatory standards and maintain confidentiality regarding patient data.

Cloud deployment enables healthcare organisations to reduce expenditure, manages complex healthcare processes, maintains patient information securely and hence is expected to penetrate even more in the healthcare market in the coming years.

The North American region held the majority of market share in 2011 followed by Europe and Asia and Microsoft was identified as a key player in the market.

For more information, download the report, which provides the market estimate and forecast in terms of revenue for the global cloud computing market in healthcare industry.

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