Cloud Computing Market in Healthcare Segment is Likely to Exceed USD 13 Billion Milestone by 2023

The Cloud computing market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user segment and region.

Cloud computing in an internet based technology that serves centralized data to remote devices connected through intranet or internet. It is a network where an application or program runs on a server and can be shared across several devices such as laptops, smartphones and personal computers. It ensures consumption-based billing and is also expected to witness significant adoption in several end use sectors. The above mentioned factors are likely to boost the industry demand over the forecast period. Strong outlook on the healthcare cloud computing market, likely to exceed USD 13 billion by 2023, should drive cloud computing market demand.

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Large organizations makes use of private clouds in order to ensure reliability and security, while the smaller organizations requires public cloud services as they are cost efficient in nature. The conventional IT infrastructure involves developing, testing and deploying applications, which provides high investment as well as under utilization of resources. However, concerns regarding privacy, data access and security are the foremost factors hindering the demand growth over the coming few years.

SaaS cloud computing market share accounted for over 49% revenue in 2014, IaaS accounted for around 28% and Paas accounted for over 18%. SaaS is utilized for the distribution of software so that the consumers can access over the Internet. It hosts the applications at its data center and a user contacts it with the help of any standard web browser.

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Hybrid cloud accounted for around 58% of industry share in 2014. Public cloud accounted for over 30% and private cloud accounted for about 5% in the same year. Hybrid cloud computing service model provides solution by combining public and private clouds. It integrates in-house IT infrastructure with other services and products to accomplish unique needs of the customers.

North America, especially U.S. cloud computing market accounted for over 50% total share in 2015. SaaS services, including collaborations, content & communications along with customer relationship management is expected to boost regional revenue generation over the forecast period.

The major players holding the global cloud computing market share include Amazon, Akamai Technologies, Hewlett Packet, VM-Ware, Yahoo, CA Technologies, Caspio and Dell among others. Major competitors for PaaS include Microsoft, Google and IBM among others. Key SaaS players are Google, Cisco, Demandware, Adobe and Hotmail among others. IaaS providers include Akamai, Joyent and GoGrid among others.

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