This market was valued at $1.7 billion in 2013 and is expected to grow at a CAGR of 29.8% from 2013 to 2018, to reach $6.5 billion by 2018.
Cloud computing is increasingly being adopted by healthcare providers and payers in North America. This report studies the North American healthcare cloud computing market over the forecast period of 2013 to 2018.
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The market by deployment model is segmented into private, public, and hybrid clouds. The services market in cloud computing comprises software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). The pricing model market consists of 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.
A number of factors such as the legislative reform of the Patient Protection and Affordable Care Act (PPACA), the requirement to demonstrate meaningful use, ICD 10 transition, federal mandates for providing insurance for every U.S. citizen, and proliferation of new payment models are driving the growth of this market. Moreover, the benefits provided by cloud computing such as cost reduction, positive returns on investment, improved accessibility and mobility, improvements in storage technology, and greater flexibility and scalability of data are resulting in the rising deployment of healthcare applications on cloud. However, security concerns over patient data and reduced control over applications and data are the major factors hindering the growth of this market.
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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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