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Global Healthcare Cloud Computing Market Report 2021: How the Cloud is Taking Over All Facets of Healthcare OperationsDUBLIN, Nov. 24, 2021 /PRNewswire/ -- The "Healthcare Cloud Computing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Healthcare Cloud Computing Market to Reach $76.8 Billion by 2026 Global market for Healthcare Cloud Computing estimated at US$26.8 Billion in the year 2020, is projected to reach a revised size of US$76.8 Billion by 2026, growing at a CAGR of 18.7% over the analysis period. Services, one of the segments analyzed in the report, is projected to grow at a 19.6% CAGR to reach US$70.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 15.9% CAGR for the next 7-year period. This segment currently accounts for a 24.6% share of the global Healthcare Cloud Computing market. Key benefits offered by IT technologies that enable providers to tackle the healthcare value challenge, include development of evidence based care, enhancement in medical practice efficiencies, and significant cost savings, among numerous others. The proliferation of cloud computing in healthcare helps drive these benefits further by adding capabilities such as such as mobility, collaboration with patients and peers, easy archiving of electronic records, streamlined collaboration, ability to access and deploy high-powered analytics, telemedicine capabilities, and simplification of data storage challenges, among others. Cloud-based solutions also allow healthcare organizations to improve patient care and reduce costs of deploying IT infrastructure. Software as a Service (SaaS), for instance, has come as a boon for small-scale healthcare facilities keen on incorporating IT in their service delivery. SaaS has all the ingredients for small scale implementations, including low initial investments, and need for very less or no IT proficiency. Applications of cloud in the healthcareindustry include physician order entry, electronic health records (EHRs), software for pharmacy and imaging use, revenue cycle management, claims management, and patient billing. Healthcare organizations are increasingly turning to cloud computing in order to reduce costs of storing hardware locally. The technology is also gaining wider acceptance driven by the fact that the cloud can hold big data sets for genomic data, radiology images, and EHRs for clinical drug trials. Furthermore, growing need for storing radiology images in PACS (Archiving and Communication Systems) is also driving adoption of cloud computing technology in the healthcare industry. In this context, information captured by client devices from different functional areas in a healthcare facility are directly transferred to respective healthcare information systems hosted on a centralized cloud data center, where they are not only stored and archived but can also managed and controlled remotely by cloud service providers. By helping provide access to healthcare information systems and data hosted on external cloud servers to healthcare organizations over the Internet in shared/multi-tenant, dedicated or hybrid service models, healthcare cloud computing especially comes across as the most cost effective healthcare information system provisioning model for healthcare organizations.
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4. GLOBAL MARKET PERSPECTIVE For more information about this report visit https://www.researchandmarkets.com/r/txu0vx Media Contact: Research and Markets View original content:https://www.prnewswire.com/news-releases/global-healthcare-cloud-computing-market-report-2021-how-the-cloud-is-taking-over-all-facets-of-healthcare-operations-301431666.html SOURCE Research and Markets |