Cloud Computing Market in Healthcare Industry Expected to see Highest Growth in Platform as a Service (PaaS) Segment to 2018: Transparency Market Research

ALBANY, New York, October 1, 2015 /PRNewswire/ --

As healthcare organizations explore means to counter the escalating costs of delivering their services to patients, cloud computing has emerged as a viable solution to the problem. The global cloud computing market is thus poised to witness unprecedented interest from the healthcare services sector, and will register a CAGR of 21.3% between 2012 and 2018, finds a report by Transparency Market Research (TMR). The report, titled 'Cloud Computing Market - Global Industry Analysis, Size, Share, Trends and Forecast 2012 - 2018', estimates cloud computing in the healthcare industry to be a US$ 6.79 billion market by 2018. The market was valued at US$ 1.82 billion in 2011.

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The pressure on healthcare service providers to deliver optimal level of care while maintaining a balance between speed and costs has created the perfect setting for the growth and expansion of the healthcare cloud computing industry. Healthcare service providers expect attributes such as bulk data management, accurate information retrieval, optimal efficiency and security from healthcare cloud computing services providers. Cloud computing enables healthcare organizations to access, and share information stored across disparate platforms, including mobile devices. It is for these reasons that the cloud computing market in the healthcare industry will witness high growth in the years to come.

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The healthcare cloud computing market is fragmented because of the sheer number of players operating in this market. No single player has a share exceeding 5%-10%, the report finds. Moreover, the unique dynamics of this market on the demand side necessitate the deployment of customized solutions for each establishment. This further prevents the industry from reaching standardization. Some of the healthcare cloud computing providers that have a significant share in market revenues are: CareCloud, Merge Healthcare, ClearDATA Networks, Agfa Healthcare, Microsoft, IBM Corporation, and Oracle Corporation.

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TMR's report notes that the North American healthcare cloud computing market held the largest shares globally in 2011, and it is also the fastest growing market globally. In 2011, Europe and Asia followed closely behind the North America region.

Going forward, the report notes that with more and more organizations phasing out investments in physical IT infrastructure, the demand for cloud-based healthcare services will see a parallel rise. The most popular service model in cloud computing in the healthcare industry will be that of Platform-as-a-Service (PaaS). Furthermore, this report studies the markets for private, public and hybrid cloud services in detail.

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The report studies the following sub segments under service models in the healthcare cloud computing market: Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS). Of these, the former will see the highest growth thanks to its desirable attributes such as simplified application and ease of deployment. Moreover, PaaS doesn't need to extensively rely on software or hardware and it provides support through the entire life cycle of the web application.

Browse Upcoming Market Research Reports:  

• Cloud Computing In Life Sciences R&D Market: http://www.transparencymarketresearch.com/cloud-computing-life-sciences-market.html

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• Cloud Computing Services Market: http://www.transparencymarketresearch.com/cloud-computing-services-market.html

Key segments of the cloud computing market in healthcare industry

By service models 

• Infrastructure-as-a-Service (IaaS)
• Platform-as-a-Service (PaaS)
• Software-as-a-Service (SaaS)

By pricing models 

• Spot pricing or subscription model
• Pay-as-you-go model

By end users 

• Clinical Information systems (CIS) Market
  • EMR
  • PACS
  • RIS
  • Others
• Non-clinical Information systems (NCIS) Market
  • RCM
  • Claims management
  • APB
  • Others

Major geographies analyzed under this research report are:  

• Europe
• North America
• Asia-Pacific
• Rest of the World

Browse All Other Healthcare IT Research Reports: http://www.transparencymarketresearch.com/healthcareit-market-reports-19.html

About Us:  

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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SOURCE Transparency Market Research