Healthcare cloud computing market to grow at a CAGR of 20.1% by 2020 — 4 key details

Practice Management

The healthcare cloud computing market is experiencing tremendous growth and is expected to reach $12.6 billion in 2020.

Here are four things to know:


1. The market was valued at $4.2 billion in 2014, making the compound annual growth rate from 2014 to 2020 20.1 percent.


2. Healthcare cloud computing services are classified into the following types:


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


3. Rising demand for better healthcare facilities, increased dependence on wireless and cloud technologies and increased government healthcare IT spending are contributing to the healthcare cloud computing market's growth.


4. High cost of implementation and lack of security and privacy may slow the market's growth.


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