Forecast Looks Clear for Cloud Computing

August 26, 2012
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According to a MarketsandMarkets report entitled “Healthcare Cloud Computing Market – Global Trends, Challenges, Opportunities & Forecasts,” the global healthcare cloud computing market is projected to increase to a value of $5.4 billion by 2017. The report’s authors claim that cloud computing will have a significant impact on the healthcare industry, and the market is already experiencing widespread use of this technology. Penetration of cloud technology in the healthcare industry was estimated at 4 percent and valued at $1.7 billion for 2011.

According to a MarketsandMarkets report entitled “Healthcare Cloud Computing Market – Global Trends, Challenges, Opportunities & Forecasts,” the global healthcare cloud computing market is projected to increase to a value of $5.4 billion by 2017. The report’s authors claim that cloud computing will have a significant impact on the healthcare industry, and the market is already experiencing widespread use of this technology. Penetration of cloud technology in the healthcare industry was estimated at 4 percent and valued at $1.7 billion for 2011. The report estimates these figures will grow at a compounded rate of 20.5 percent from 2010 to 2017.

This estimated growth is due to increasing pressure on healthcare organizations (HCOs) to achieve more while cutting costs. As a result, many HCOs plan to invest in cloud computing over the next five years. The cloud computing market is ever-growing in terms of its adaptability and its advantages, according to market analysts.

North America currently represents the largest share of the global healthcare cloud computing market. For years, GlobalMed has been helping primary care physicians, specialists, and patients benefit from health IT with telemedicine technology.