Healthcare Industry to Spend Upwards of $5B on Cloud Solutions by 2017
October 22, 2012
Grazed from HealthTech Zone. Author: Editorial Staff.
A recent report finds that the fun is just beginning for healthcare in the cloud.
The cloud computing market is poised to expand by an estimated 20.5 percent over the next five years to become a $5.4 billion market by 2017, according to “Healthcare Cloud Computing Market – Global Trends, Challenges, Opportunities & Forecasts.” Healthcare spending on the cloud hovers around $1.8 billion as of 2011 despite market penetration of only four percent.
“The market is witnessing a surge in the adoption of technology, and cloud computing is expected to bring about a revolution in the healthcare IT market,” MarketsandMarkets said in the report. It noted that healthcare organizations (HCOs) are expected to deliver more with fewer resources, which is helping to fuel the growth in cloud usage…
Some unique challenges slow the otherwise rosy outlook for healthcare in the cloud, however. Healthcare data has very specific requirements when it comes to security, confidentiality, availability to authorized users, traceability of access, reversibility of data, and long-term preservation, the study noted. Cloud vendors must deal with these issues in a way that conforms with the changing regulatory landscape and existing regulations such as HIPAA and Meaningful Use…
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