Healthcare Cloud to Reach $5.41bn by 2017

According to a new report by MarketsandMarkets, which looked at SaaS, public, private and hybrid cloud adoption rates, cloud computing is becoming an integral part of the global healthcare network and by 2017 will be worth an estimated $5.41bn within this industry alone.

Cloud computing as a whole is seeing a large boom in growth at the moment, in both the public and private sector, and the healthcare industry is no exception.

New cloud based technologies are replacing former legacy systems in hospitals and nursing homes around the globe, helping to speed up processes and reduce costs, which is critical as most healthcare budgets around the world are being reduced and tightened.

As well as helping to reduce costs it is believed that the cloud computing system will help hospitals and healthcare professionals share patient information more easily, making for a better patient experience.

Currently the largest markets for healthcare cloud computing are North America and Europe, but it is expected that within the next 5 years it will spread much further around the globe.

According to this report, the expected growth is actually higher for the healthcare industry than for many other business sectors, but author of the MarketsandMarkets report, Kalyani Jekkaraju, explained that the report examined a large number of elements, including adoption rates, security levels and expansion etc and claimed that “There is a lot of data in terms of how the cloud has evolved into the market and why it is believed to grow at a faster pace compared to the other healthcare IT offerings”.

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