Global healthcare cloud computing market will be worth $5.41bn by 2017, according to a report published by MarketsandMarkets.
The increased will come as the market is witnessing a surge in the adoption of technology and cloud computing is expected to bring about a revolution in the healthcare cloud computing market.
In 2011, the penetration of cloud in healthcare was about 4% and a large number of HCOs are allocating funds for migration to cloud computing in the next five years.
Healthcare organisations are expected to deliver more while limiting healthcare costs at the same time, but factors restraining the growth of this market are security and privacy concerns, being the primary reasons for slow adoption of this technology.
The "Healthcare Cloud Computing (Clinical, EMR, SaaS, Private, Public, Hybrid) Market – Global Trends, Challenges, Opportunities & Forecasts (2012 – 2017)", analyses and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.
The research firm segments cloud technology in healthcare market by applications, deployment models, service models, pricing models, and components.
Cloud computing applications in healthcare are of two main types; clinical information systems (CIS) includes EMR, CPOE, PACS, RIS, LIS, PIS, and others, while non clinical information systems (NCIS) includes Revenue Cycle Management, Automatic Patient Billing, cost accounting, payroll management and claims management.
Private, public, and hybrid clouds are the three deployment models across the healthcare industry and the healthcare industry has been slow to adopt public clouds due to its highly regulated nature whereas the private and hybrid cloud models have a higher affinity.