North American Healthcare Cloud Computing Market worth $6.5 Billion by 2018 - New Report by MarketsandMarkets
(PRWEB) May 05, 2014 -- The "North America Healthcare Cloud Computing Market by Applications (EMR, PACS, RIS, RCM, APB), Deployment (Private, Public, Hybrid), Service (SAAS, IAAS), Pricing (Pay-As-You-Go, Spot) & End Users (Provider, Payers) - Forecast to 2018” analyzes and studies the major market drivers, threats, opportunities, and challenges in the U.S. and Canada.
Browse more than 131 market data tables with 63 figures spread through 353 pages and in-depth TOC on "North America Healthcare Cloud Computing Market"
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This report studies the North American healthcare cloud computing market over the forecast period of 2013 to 2018. This market was valued at $1,750.4 million in 2013 and is poised to grow at a CAGR of 29.8% from 2013 to 2018, to reach $6,459.0 million by 2018.
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The Healthcare cloud computing market is categorized into five broad segments, namely, applications, deployment mode, services, pricing model, components, end users, and geography. The healthcare cloud computing market, by application, comprises clinical and non-clinical information systems applicable for the healthcare providers and payers industry. The clinical information systems are further classified into EMR, PACS, CPOE, RIS, LIS, PIS, and Others. The non-clinical information systems are segmented into revenue cycle management, automatic patient billing, payroll, claims management, cost accounting, and others.
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The market by deployment model includes private, public, and hybrid clouds. The services market in cloud computing is divided into software-as-a-Service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). The pricing model market comprises the two majorly adopted models, namely, Pay-As-You-Go and Spot Pricing. The cloud computing market by components includes software, hardware, and services. The North American healthcare cloud computing market by end-users is broadly categorized into healthcare payers and providers. Based on geography, the market is divided into the U.S. and Canada.
The increased adoption of information technology, legislative reforms of the Patient Protection and Affordability Care Act (PPACA), dynamic nature and availability of various types of health benefit plans, proliferation of new payment models, improvements in storage technologies, and greater flexibility and scalability of data are the factors driving the adoption of cloud computing in the healthcare industry. The cost benefits offered by the cloud technology is the major reason that is likely to fuel the growth of cloud computing in the healthcare industry. However, factors such as data security concerns and reduced control over applications and content are hindering the growth of this market.
The major players in the North American Healthcare Cloud Computing Market include Athenahealth, Inc., CareCloud Corporation, Carestream Health, Inc., ClearData Networks, Inc., Cisco Systems, Inc., Dell, Inc., EMC Corporation, Global Net Access (GNAX) Health, Hewlett-Packard Company, IBM Corporation, Iron Mountain, Inc., Merge Healthcare, Inc., Microsoft Corporation, Oracle Corporation, and VMware, Inc.
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