Cloud
computing is one of the major modern trends being followed in almost
all industry verticals. Adopting cloud technology allows an
organization to be faster, more efficient, and in a position to use
high-end software, which can rapidly increase output. The use of
cloud computing in healthcare is highly diverse and currently in a
formative stage, where the use of modern technology is creating a
large scope of growth for this market. Cloud computing can offer a
unique advantage to most verticals – that of being relatively
low-cost while still giving access to high-end software and storage
options to help speed up processes.
Details
About Healthcare Cloud:
The
competitive landscape of the global cloud computing market in the
healthcare industry is crowded by the presence of a large number of
players. The presence of a large number of participants has led to
the fragmented nature of the market. Some of the major players
operating in the global cloud computing market in the healthcare
industry are Cisco Systems Inc., Carestream Health Inc., Carecloud
Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge
Healthcare Inc., Microsoft Corp., Intel Corp., and Oracle Corp
Concerns
About Data Leakage is a Major Challenge for Market Players
Rapid
transformations in the healthcare IT sector, coupled with the growing
demand for security of access and data integrity have supported the
growth of cloud computing in the healthcare industry. “An
increasing number of companies are reducing investments in the
creation and maintenance of a physical IT infrastructure and are
shifting towards cloud computing for easier management of profiles,”
states TMR.
However,
data relocation from established systems is a major hiccup in the
market’s growth during the forecast horizon. Data integration and
consistency is also another challenge faced by the market players.
The growing concerns pertaining to data leakage have made a number of
healthcare providers apprehensive about the adoption of the cloud
computing technology. The market players are focusing on the
introduction of wireless technologies in cloud computing solutions to
allow remote access of data on a real-time basis. The increasing
usage of ACOS for data sharing through mobile devices has created
ample opportunities for the growth of the market players.
PaaS
to be Largely Preferred by the Healthcare Industry
Among
the major service models, the Platform-as-a-Service (PaaS) model is
expected to register the highest demand. “Simple application and
high rate of deployment are the primary factors driving the demand
for the PaaS model,” states TMR. The PaaS model does not rely on
hardware and software and offers support within the service’s
lifecycle. Though the market was dominated by the IaaS model in 2011,
PaaS is anticipated to generate more revenue in the years to come.
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The
global cloud computing market in the healthcare industry is projected
to expand robustly at a CAGR of 21.30% during the period between 2012
and 2018. The market was valued at US$1.82 bn in 2011 and is
anticipated to be worth US$6.79 bn by 2018.
In
terms of service model, the report expects most consumers to prefer
PaaS cloud computing as it offers the greatest number of advantages
to the healthcare industry. PaaS cloud computing holds rapid
deployment speeds and simple application, allowing it to be used on a
wider scale than other service models. Additionally, PaaS cloud
computing does not entail software or hardware reliance for the
client, as the service provider can offer both.
The
report also describes the numerous public, private, and hybrid cloud
services in the market and how they affect the global cloud computing
market in the healthcare industry.
From
a geographical perspective, the global cloud computing market in the
healthcare industry was dominated by North America in 2011. The
report expects North America to continue leading this market for the
given forecast period, while Europe and Asia Pacific follow closely.
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