Healthcare Cloud Computing Market by Application (EMR/HER, PACS, VNA, PHM, RECM), Service (SaaS, IaaS), Deployment (Private Cloud, Hybrid Cloud), Pricing (Pay as you go), Component (Software), End User (Healthcare Provider) - Global Forecast to 2023

[181 Pages Report] The global healthcare cloud computing market is projected to reach USD 44.93 billion by 2023 from USD 16.77 billion in 2017, at a CAGR of 18.2%. Base year considered for the report is 2017 and the forecast period considered for this report is 2018–2023.

Objectives of the Study

• To define, describe, and forecast the global market by application, deployment model, pricing model, service model, component, end user, and region
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To forecast size of market segments in North America, Europe, Asia Pacific, and RoW
• To strategically profile key players in the global market and comprehensively analyze their core competencies
• To track and analyze competitive developments such as mergers and acquisitions; product developments; agreements, partnerships and collaborations; and research and development activities in the market

Drivers

Increasing Adoption of Big Data Analytics, Wearable Devices, and Iot in Healthcare

Healthcare providers generate and collect a large amount of data from a vast array of internal sources, such as electronic health records (EHRs), radiology images, pharmacy sales, prescription information, lab tests, and insurance claims data. The volume of this digital data is growing exponentially every year majorly due to the changes in the payer environment, such as incentives for the meaningful use of EHRs and a shift towards value-based payments. Moreover, technological changes are also resulting in the generation of a larger volume of healthcare data. For instance, patients are increasingly employing mobile digital devices, including activity monitors and chronic disease monitoring products (such as blood glucose trackers for diabetes). Similarly, the growing use of Internet of Things (IoT) applications is further increasing the data-storage and data-analytics needs of healthcare providers.

Better Storage, Flexibility, and Scalability of Data Offered By Cloud Computing

Hospitals are realizing the benefits of storing data off-site as it saves space (which can be utilized for accommodating more patients). Moreover, this approach does not require hospitals to maintain an in-house IT staff since the maintenance of data is generally outsourced to hosting vendors. Through cloud computing, healthcare organizations can almost instantaneously scale up or scale down their IT infrastructure (which includes processing power, storage, networking, and the number of users) and adjust it with consumption. This avoids costly upgrades, reduces waiting times, and eliminates capacity constraints. Owing to this on-demand scalability, healthcare organizations do not need to plan for future IT infrastructure needs. As a result of these functionalities, the demand for cloud computing is increasing among healthcare organizations.

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global healthcare cloud computing market and estimate the size of other dependent submarkets. Various secondary sources such as Cloud Computing Association (CCA), Healthcare Information and Management Systems Society (HIMSS), Centers for Disease Control and Prevention (CDC), California Association of Public Hospitals and Health Systems (CAPH), Lowell General Physician Hospital Organization (PHO), Institute of Electrical and Electronics Engineers (IEEE), Certification Commission for Health Information Technology (CCHIT), Annual Reports, Investor Presentations, Press Releases, Magazines, Paid Databases, and MarketsandMarkets Repository have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

Some of the players in the global healthcare cloud computing market include CareCloud Corporation (US), ClearData Networks Inc. (US), Athenahealth (US), Cerner Corporation (US), Epic Systems Corporation (US), NextGen Healthcare (US), Carestream Corporation (Canada), Dell Inc. (US), DICOM Grid Inc. (US), INFINITT Healthcare (South Korea), Sectra AB (Sweden), Merge Healthcare Inc. (US), Siemens Healthineers (Germany), iTelagen Inc. (US), NTT DATA Corporation (Japan), Nuance Communications (US), and Ambra Health (US).

Target Audience:

• Healthcare IT Providers
• Healthcare insurance companies/payers
• Healthcare institutions/providers (hospitals, medical groups, physician practices, diagnostic centers, and outpatient clinics)
• Research and development companies
• Government bodies and municipal corporations
• Business research and consulting service providers
• Venture capitalists

Agreements, Collaborations, Partnerships, and Alliances

Product Launches and Approvals

Acquisitions

Expansions

Scope of the Report:

The research report categorizes the healthcare cloud computing market into the following segments and subsegments:

Healthcare Cloud Computing Market, by Application

• Clinical Information Systems
  • EMR
  • PACS, VNA, and Image Sharing Solutions
  • PHM
  • Telehealth
  • LIMS
  • PIS
  • RIS
  • Other CIS
• Nonclinical Information Systems
  • RCM
  • Billing and Accounts Management
  • Financial Management
  • HIE
  • Fraud Management
  • Supply Chain Management
  • Other NCIS

Healthcare Cloud Computing Market, by Deployment Model

• Private cloud
• Hybrid cloud
• Public cloud

Healthcare Cloud Computing Market, by Component

• Services
• Software

Healthcare Cloud Computing Market, by Pricing Model

• Pay-as-you-go
• Spot Pricing

Healthcare Cloud Computing Market, by Service Model

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

Healthcare Cloud Computing Market, by End User

• Healthcare Providers
• Healthcare Payers

Healthcare Cloud Computing Market, by Region

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

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolios of each company

Company Information

• Detailed analysis and profiling of additional market players (up to 3)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Design
    2.2 Research Approach
           2.2.1 Secondary Research
                    2.2.1.1 Secondary Sources
           2.2.2 Primary Research
                    2.2.2.1 Primary Sources
    2.3 Market Size Estimation Methodology
    2.4 Market Data Validation and Triangulation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 39)
    4.1 Healthcare Cloud Computing Market: Market Overview
    4.2 Global Market, By Service Models & Region, 2018
    4.3 Geographic Snapshot: Global Market
    4.4 Global Market, By Deployment Model, 2018 vs 2023

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Drivers
           5.2.1 Increasing Adoption of Big Data Analytics, Wearable Devices, and IoT in Healthcare
           5.2.2 Better Storage, Flexibility, and Scalability of Data Offered By Cloud Computing
           5.2.3 Implementation of the Patient Protection and Affordable Care Act
           5.2.4 Proliferation of New Payment Models and Cost-Efficiency of Cloud
           5.2.5 Dynamic Nature of Health Benefit Plan Designs
    5.3 Restraints
           5.3.1 Concerns Over Data Security and Privacy
           5.3.2 Migration From Legacy Systems is Considered as A Tedious Task By Providers
    5.4 Opportunities
           5.4.1 Emergence of Telecloud
           5.4.2 Formation of Accountable Care Organizations
    5.5 Challenges
           5.5.1 Issues Related to the Interoperability of Cloud

6 Healthcare Cloud Computing Market, By Application (Page No. - 48)
    6.1 Introduction
    6.2 Clinical Information Systems
           6.2.1 Electronic Medical Records
           6.2.2 Picture Archiving & Communication Systems & Vendor-Neutral Archives and Image Sharing
           6.2.3 Population Health Management
           6.2.4 Telehealth
           6.2.5 Radiology Information Systems
           6.2.6 Laboratory Information Management Systems
           6.2.7 Pharmacy Information Systems
           6.2.8 Other Clinical Information Systems
    6.3 Nonclinical Information Systems
           6.3.1 Revenue Cycle Management
           6.3.2 Financial Management
           6.3.3 Health Information Exchange
           6.3.4 Supply Chain Management Solutions
           6.3.5 Billing and Accounts Management
           6.3.6 Fraud Management
           6.3.7 Other Nonclinical Information Systems

7 Healthcare Cloud Computing Market, By Deployment Model (Page No. - 69)
    7.1 Introduction
    7.2 Private Cloud
    7.3 Hybrid Cloud
    7.4 Public Cloud

8 Healthcare Cloud Computing Market, By Component (Page No. - 74)
    8.1 Introduction
    8.2 Software
    8.3 Services
           8.3.1 Consulting
           8.3.2 Implementation Services
           8.3.3 Post-Sales & Maintenance
           8.3.4 Training & Education

9 Healthcare Cloud Computing Market, By Pricing Model (Page No. - 79)
    9.1 Introduction
    9.2 Pay-As-You-Go Model
    9.3 Spot Pricing Model

10 Healthcare Cloud Computing Market, By Service Model (Page No. - 84)
     10.1 Introduction
     10.2 Software-As-A-Service (SaaS)
             10.2.1 Benefits of SaaS
     10.3 Infrastructure-As-A-Service (IaaS)
             10.3.1 Benefits of IaaS
     10.4 Platform-As-A-Service (PaaS)
             10.4.1 Benefits of PaaS

11 Healthcare Cloud Computing Market, By End User (Page No. - 91)
     11.1 Introduction
     11.2 Healthcare Providers
     11.3 Healthcare Payers

12 Healthcare Cloud Computing Market, By Region (Page No. - 95)
     12.1 Introduction
     12.2 North America
             12.2.1 US
             12.2.2 Canada
     12.3 Europe
             12.3.1 EU5
             12.3.2 RoE
     12.4 Asia Pacific
     12.5 Rest of the World

13 Competitive Landscape (Page No. - 133)
     13.1 Competitive Scenario
             13.1.1 Agreements, Collaborations, Partnerships, and Alliances
             13.1.2 Product Launches and Approvals
             13.1.3 Acquisitions
             13.1.4 Expansions

14 Company Profile (Page No. - 137)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 IBM
     14.2 Carestream Health (A Subsidiary of Onex Corporation)
     14.3 Athenahealth
     14.4 Carecloud Corporation
     14.5 Siemens Healthineers
     14.6 Eclinicalworks
     14.7 Koninklijke Philips
     14.8 Allscripts
     14.9 GE Healthcare
     14.10 NTT Data Corporation
     14.11 Sectra AB
     14.12 Quality Systems, Inc.

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 173)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details

List of Tables (109 Tables)

Table 1 Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Billion)
Table 2 Global Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 3 Global Market for Clinical Information Systems, By Region, 2016–2023 (USD Billion)
Table 4 Cloud-Based Electronic Medical Records Market, By Region, 2016–2023 (USD Million)
Table 5 Companies Providing Pacs, Vna and Image Sharing Solutions
Table 6 Pacs, Vna and Image Sharing Solutions Market, By Region, 2016–2023 (USD Million)
Table 7 Population Health Management Market, By Region, 2016–2023 (USD Million)
Table 8 Telehealth Market, By Region, 2016–2023 (USD Million)
Table 9 Radiology Information Systems Market, By Region, 2016–2023 (USD Million)
Table 10 Laboratory Information Management Systems Market, By Region, 2016–2023 (USD Million)
Table 11 Pharmacy Information Systems Market, By Region, 2016–2023 (USD Million)
Table 12 Other Clinical Information Systems Market, By Region, 2016–2023 (USD Million)
Table 13 Healthcare Cloud Computing Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 14 Global Market for Nonclinical Information Systems, By Region, 2016–2023 (USD Million)
Table 15 Revenue Cycle Management Market, By Region, 2016–2023 (USD Million)
Table 16 Financial Management Market, By Region, 2016–2023 (USD Million)
Table 17 Health Information Exchange Market, By Region, 2016–2023 (USD Million)
Table 18 Supply Chain Management Market, By Region, 2016–2023 (USD Million)
Table 19 Billing and Accounts Management Market, By Region, 2016–2023 (USD Million)
Table 20 Fraud Management Market, By Region, 2016–2023 (USD Million)
Table 21 Other Nonclinical Information Systems Market, By Region, 2016–2023 (USD Million)
Table 22 Healthcare Cloud Computing Market, By Deployment Model, 2016–2023 (USD Billion)
Table 23 Private Could Market, By Region, 2016–2023 (USD Million)
Table 24 Hybrid Cloud Market, By Region, 2016–2023 (USD Million)
Table 25 Public Cloud Market, By Region, 2016–2023 (USD Million)
Table 26 Global Market, By Component, 2016–2023 (USD Billion)
Table 27 Healthcare Cloud Computing Software Market, By Region, 2016–2023 (USD Billion)
Table 28 Healthcare Cloud Computing Services Market, By Region, 2016–2023 (USD Billion)
Table 29 Healthcare Cloud Computing Market, By Pricing Model, 2016–2023 (USD Billion)
Table 30 Pay-As-You-Go Model Market, By Region, 2016–2023 (USD Billion)
Table 31 Spot Pricing Model Market, By Region, 2016–2023 (USD Billion)
Table 32 Global Market, By Service Model, 2016–2023 (USD Billion)
Table 33 Market for Software-As-A-Service Models, By Region, 2016–2023 (USD Billion)
Table 34 Market for Infrastructure-As-A-Service Models, By Region, 2016–2023 (USD Billion)
Table 35 Market for Platform-As-A-Service Models, By Region, 2016–2023 (USD Million)
Table 36 Market, By End User, 2016–2023 (USD Billion)
Table 37 Market for Providers, By Region, 2016–2023 (USD Billion)
Table 38 Healthcare Cloud Computing Market for Payers, By Region, 2016–2023 (USD Billion)
Table 39 Market, By Region, 2016–2023 (USD Billion)
Table 40 North America: Healthcare Cloud Computing Market, By Country, 2016–2023 (USD Billion)
Table 41 North America: Market, By Application, 2016–2023 (USD Billion)
Table 42 North America: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 43 North America: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 44 North America: Market, By Deployment Model, 2016–2023 (USD Billion)
Table 45 North America: Market, By Service Model, 2016–2023 (USD Million)
Table 46 North America: Healthcare Cloud Computing Market, By Pricing Model, 2016–2023 (USD Billion)
Table 47 North America: Market, By Component, 2016–2023 (USD Billion)
Table 48 North America: Market, By End User, 2016–2023 (USD Billion)
Table 49 US: Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Million)
Table 50 US: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 51 US: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 52 US: Market, By Deployment Model, 2016–2023 (USD Billion)
Table 53 US: Market, By Service Model, 2016–2023 (USD Million)
Table 54 US: Market, By Pricing Model, 2016–2023 (USD Billion)
Table 55 US: Healthcare Cloud Computing Market, By Component, 2016–2023 (USD Billion)
Table 56 US: Market, By End User, 2016–2023 (USD Billion)
Table 57 Canada: Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Million)
Table 58 Canada: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 59 Canada: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 60 Canada: Market, By Deployment Model, 2016–2023 (USD Million)
Table 61 Canada: Market, By Service Model, 2016–2023 (USD Million)
Table 62 Canada: Market, By Pricing Model, 2016–2023 (USD Million)
Table 63 Canada: Healthcare Cloud Computing Market, By Component, 2016–2023 (USD Million)
Table 64 Canada: Market, By End User, 2016–2023 (USD Million)
Table 65 Europe: Healthcare Cloud Computing Market, By Region, 2016–2023 (USD Million)
Table 66 Europe: Market, By Application, 2016–2023 (USD Million)
Table 67 Europe: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 68 Europe: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 69 Europe: Market, By Deployment Model, 2016–2023 (USD Million)
Table 70 Europe: Market, By Service Model, 2016–2023 (USD Million)
Table 71 Europe: Healthcare Cloud Computing Market, By Pricing Model, 2016–2023 (USD Million)
Table 72 Europe: Market, By Component, 2016–2023 (USD Million)
Table 73 Europe: Market, By End User, 2016–2023 (USD Million)
Table 74 Eu5: Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Million)
Table 75 Eu5: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 76 Eu5: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 77 Eu5: Market, By Deployment Model, 2016–2023 (USD Million)
Table 78 Eu5: Market, By Service Model, 2016–2023 (USD Million)
Table 79 Eu5: Market, By Pricing Model, 2016–2023 (USD Million)
Table 80 Eu5: Healthcare Cloud Computing Market, By Component, 2016–2023 (USD Million)
Table 81 Eu5: Market, By End User, 2016–2023 (USD Million)
Table 82 RoE: Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Million)
Table 83 RoE: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 84 RoE: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 85 RoE: Market, By Deployment Model, 2016–2023 (USD Million)
Table 86 RoE: Market, By Service Model, 2016–2023 (USD Million)
Table 87 RoE: Market, By Pricing Model, 2016–2023 (USD Million)
Table 88 RoE: Healthcare Cloud Computing Market, By Component, 2016–2023 (USD Million)
Table 89 RoE: Market, By End User, 2016–2023 (USD Million)
Table 90 Asia Pacific: Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Million)
Table 91 Asia Pacific: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 92 Asia Pacific: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 93 Asia Pacific: Market, By Deployment Model, 2016–2023 (USD Million)
Table 94 Asia Pacific: Market, By Service Model, 2016–2023 (USD Million)
Table 95 Asia Pacific: Market, By Pricing Model, 2016–2023 (USD Million)
Table 96 Asia Pacific: Healthcare Cloud Computing Market, By Component, 2016–2023 (USD Million)
Table 97 Asia Pacific: Market, By End User, 2016–2023 (USD Million)
Table 98 RoW: Healthcare Cloud Computing Market, By Application, 2016–2023 (USD Million)
Table 99 RoW: Market for Clinical Information Systems, By Type, 2016–2023 (USD Million)
Table 100 RoW: Market for Nonclinical Information Systems, By Type, 2016–2023 (USD Million)
Table 101 RoW: Market, By Deployment Model, 2016–2023 (USD Million)
Table 102 RoW: Market, By Service Model, 2016–2023 (USD Million)
Table 103 RoW: Market, By Pricing Model, 2016–2023 (USD Million)
Table 104 RoW: Healthcare Cloud Computing Market, By Component, 2016–2023 (USD Million)
Table 105 RoW: Market, By End User, 2016–2023 (USD Million)
Table 106 Agreements, Collaborations, Partnerships, and Alliances
Table 107 Product Launches and Approvals
Table 108 Acquisitions
Table 109 Expansions

List of Figures (44 Figures)

Figure 1 Research Design: Healthcare Cloud Computing Market
Figure 2 Healthcare Cloud Computing Market: Research Methodology Steps
Figure 3 Sampling Frame: Primary Research
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Key Industry Insights
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation Methodology
Figure 9 Healthcare Cloud Computing Market, By Application, 2018 Vs.2023 (USD Billion)
Figure 10 Market for Clinical Information Systems, By Type, 2018 Vs.2023 (USD Million)
Figure 11 Market for Nonclinical Information Systems, By Type, 2018 vs 2023 (USD Million)
Figure 12 Market, By Deployment Model, 2018 vs 2023 (USD Billion)
Figure 13 Market, By Component, 2018 vs 2023 (USD Billion)
Figure 14 Market, By Pricing Model, 2018 vs 2023 (USD Billion)
Figure 15 Healthcare Cloud Computing Market, By Service Model, 2018 vs 2023 (USD Billion)
Figure 16 Market, By End User, 2018 vs 2023 (USD Billion)
Figure 17 Market, By Region, 2018
Figure 18 Increasing Adoption of Big Data Analytics, IoT, and Wearable Devices are Driving Market Growth
Figure 19 Software-As-A-Service Segment is Projected to Hold the Largest Share of the Market in 2018
Figure 20 Asia Pacific to Witness the Highest Growth Rate During the Forecast Period
Figure 21 Private Cloud Segment to Command the Largest Market Share in 2018
Figure 22 Healthcare Cloud Computing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Clinical Information Systems Segment to Dominate the Healthcare Cloud Computing Market in 2018
Figure 24 Hybrid Cloud Segment to Grow at the Highest CAGR During the Forecast Period
Figure 25 Services Segment to Register the Highest Growth Rate in the Healthcare Cloud Computing Market During the Forecast Period
Figure 26 Pay-As-You-Go Segment to Grow at the Highest Rate During the Forecast Period
Figure 27 SaaS Segment to Account for the Largest Share of the Healthcare Cloud Computing Market
Figure 28 Healthcare Providers Segment to Dominate the Healthcare Cloud Computing Market During the Forecast Period
Figure 29 North America to Dominate the Healthcare Cloud Computing Market During the Forecast Period
Figure 30 North America: Healthcare Cloud Computing Market Snapshot
Figure 31 Europe: Healthcare Cloud Computing Market Snapshot
Figure 32 Asia Pacific: Healthcare Cloud Computing Market Snapshot
Figure 33 RoW: Healthcare Cloud Computing Market Snapshot
Figure 34 Strategies Adopted By Market Players (2015–2018)
Figure 35 Agreements, Partnerships, Collaborations, and Alliances Were the Most Widely Adopted Growth Strategies
Figure 36 Company Snapshot: IBM
Figure 37 Company Snapshot: Athenahealth
Figure 38 Company Snapshot: Siemens AG
Figure 39 Company Snapshot: Koninklijke Philips
Figure 40 Company Snapshot: Allscripts
Figure 41 Company Snapshot: GE Healthcare
Figure 42 Company Snapshot: NTT Data Corporation (2016)
Figure 43 Company Snapshot: Sectra AB (2016)
Figure 44 Company Snapshot: Quality Systems, Inc.

The global healthcare cloud computing market is projected to USD 44.93 billion by 2023 from an estimated USD 19.46 billion in 2018, at a CAGR of 18.2% during the forecast period. The growth of this market is majorly driven by factors such as increasing adoption of big data, wearable devices, and IoT in healthcare; advantages of cloud usage
(such as improved storage, flexibility, and scalability of data); implementation of healthcare reforms such as the Patient Protection and Affordable Care Act; and the dynamic nature of health benefit plan designs.

The global healthcare cloud computing market is segmented by application, deployment model, pricing model, service model, component, end user, and region. Based on application, the market is segmented into clinical information systems and nonclinical information systems. The clinical information systems segment is expected to grow at the highest CAGR during the forecast period. The high growth in the clinical information systems market can be primarily attributed to the growing prevalence of chronic diseases and rising geriatric population resulting in increased clinical information to be stored. Based on type, the clinical information systems segment is further segmented into EMR, PACS, VNA, and image sharing solutions, PHM, telehealth, LIMS, PIS, RIS, and other CIS. The nonclinical information systems market is categorized into RCM, billing and accounts management, financial management, HIE, fraud management, supply chain management, and other NCIS.

Based on deployment model, the healthcare cloud computing market is categorized into private cloud, hybrid cloud, and public cloud models. The hybrid cloud is expected to register the highest CAGR during the forecast period. This can primarily be attributed to the growing demand for hybrid cloud solutions as they offer advantages of public as well as private clouds.
 
Based on pricing model, the healthcare cloud computing market is categorized into pay-as-you-go and spot pricing. The pay-as-you-go segment is expected to register the highest CAGR during the forecast period. This can be attributed to the fact that the pay-as-you-go model allows healthcare providers to use the latest software solutions while keeping operating costs at a minimum.

Based on service model, the healthcare cloud computing market is categorized into software-as-a-service, infrastructure-as-a-service, and platform-as-a-service. The infrastructure-as-a-service segment is expected to register the highest CAGR during the forecast period. This can be attributed to the fact that the this model simplifies application development and deployment on the cloud.

Based on end user, the global healthcare cloud computing market is categorized into healthcare providers and healthcare payers. The healthcare providers segment is expected to register the highest CAGR during the forecast period. This can primarily be attributed to the increasing adoption of cloud computing by healthcare providers owing to its advantages such as improved storage, flexibility, and scalability of data.

Geographic segments in this report include North America, Europe, Asia Pacific, and the RoW. North America is expected to account for the largest share of the market in 2018. The large share of this region can primarily be attributed to the increasing adoption of EHRs among medical professionals and active participation by private sector players in the development of the healthcare industry in that region.

Concerns over data security and privacy and the tedious task of migration from legacy systems are expected to limit the market growth to a certain extent during forecast period. In various countries, patient information has been under the scanner of legal frameworks. For instance, data privacy requirements are legislated through HIPAA (Health Insurance Portability and Accountability Act) privacy rules in the US. Similarly, the European Union has several directives pertaining to data protection. In many countries, the Protected Health Information (PHI) of patients cannot be moved out of the country of origin.

The issues related to interoperability of cloud may challenge market growth to a certain extent during the forecast period.

Some of the players in healthcare cloud computing market include CareCloud Corporation (US), ClearData Networks Inc. (US), Athenahealth (US), Cerner Corporation (US), Epic Systems Corporation (US), NextGen Healthcare (US), Carestream Corporation (Canada), Dell Inc. (US), DICOM Grid Inc. (US), INFINITT Healthcare (South Korea), Sectra AB (Sweden), Merge Healthcare Inc. (US), Siemens Healthineers (Germany), iTelagen Inc. (US), NTT DATA Corporation (Japan), Nuance Communications (US), and Ambra Health (US).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst