Aerospace and Defence HEALTHCARE CLOUD COMPUTING MARKET IS PROJECTED TO GROW UP TO 18.3% CAGR DURING THE FORECAS...


HEALTHCARE CLOUD COMPUTING MARKET IS PROJECTED TO GROW UP TO 18.3% CAGR DURING THE FORECASTING PERIOD 2021-2027.

Technical advances in the healthcare sector have been highly competitive. Cloud storage is a technology in which a large amount of data is stored on a central server via internet connectivity and can be accessed by different networks that are connected by network activated artefacts which can pass packets from one node to another via wireless communication. Every industry in the world has been affected by the internet. In a variety of ways, the increasing use of advanced top technology in healthcare has benefited the industry. Among other items, it can be used to monitor health records, perform tests, collect confidential patient information, diagnose patients, and observe patients. Hospitals can reduce patient stays and avoid treatment by properly tracking and recording a patient's medical care. The adoption of cloud computing in this sector has made operations in the health-care sector more convenient and efficient. This system is based on a secure embedded networking interface for internet-connected devices that acts as a communication channel between the hospital and the workers. 

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Key Driving Factors: Increased adoption of big data analytics, connected devices, and IoT in healthcare are driving factors.

Electronic health records (EHRs), radiology images, drug sales, prescription information, lab tests, and insurance claims data are just some of the internal sources of data that healthcare providers produce and collect. Every year, the amount of digital data grows exponentially, owing in part to improvements in the payer environment, such as incentives for meaningful use of EHRs and a transition to value-based payments. The efficient handling of a vast amount of data necessitates a lot of processing power and network bandwidth. With an increase in data load, healthcare facilities must spend more in IT technology for on-premise data storage. As a result, on-premise storage is no longer considered a viable choice for large-scale healthcare data storage. Cloud computing, on the other hand, makes all big data activities possible by supplying vast amounts of storage and processing resources. Cloud-based analytics tools also assist clinicians in effectively managing patients by converting clinical data into actionable insights.

This report offers the major market player’s profiles, such as Carestream Health, Inc, Allscripts Healthcare Solutions, Inc, CareCloud Corporation, Sectra AB, IBM, NTT DATA Corporation, Siemens Healthineers AG, eClinicalWorks, Koninklijke Philips N.V, athenahealth, NextGen Healthcare, Inc, GE Healthcare, DXC Technology Company, and INFINITT Healthcare Co. Ltd.

Opportunities:  The advent of the telecloud poses opportunities.

The combination of wireless technology and the cloud is proving to be an effective tool for providing medical care to far-flung areas. The bulk of physicians and specialists work in metropolises and towns in many countries. As a result, advanced care services are limited to those sites, leaving patients in rural areas unattended. This issue can be solved by using a telecloud, which allows doctors and healthcare specialists to diagnose and treat patients over long distances in real time and at low costs. The adoption of the telecloud is expected to rise in many countries as healthcare providers become more aware of telehealth, creating potential growth opportunities for players in the healthcare cloud computing market.

By Deployment:

The healthcare cloud computing market is divided into three categories based on deployment model: public cloud, private cloud, and hybrid cloud. In 2020, the private cloud implementation model is projected to command the most market share. The on-premise private cloud provides high-security solutions as well as network access. Larger organisations with IT personnel and security skills benefit from private cloud storage. Furthermore, on-premise private cloud enables businesses to deploy their own software without adhering to any regulatory requirements, resulting in increased adoption in the coming years.

The Healthcare Cloud Computing market report has been categorized as below

By Service

  • Infrastructure as a service
  • Platform as a service
  • Software as a service

By Cloud Deployment

  • Private Cloud
  • Hybrid Cloud
  • Public Cloud

By Application

  • Clinical Information System
  • Computerized Physician Order Entry
  • Electronic Medical Records
  • Radiology Information System
  • Pharmacy Information System
  • Others
  • Non-clinical Information System
  • Automatic Patient Billing
  • Revenue Cycle Management
  • Claims Management
  • Others

By End Users

  • Healthcare Providers
  • Healthcare Payers

By Region

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

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Published Date : March-2021