Healthcare cloud computing market to reach $40 billion by 2026, report
20-02-2020 08:10:00 | by: Bob Koigi | hits: 3271 | Tags:

The healthcare cloud computing market is poised to reach $40 billion by 2026, growing at an annual rate of 14 per cent over forecast period 2019 to 2026 according to a report by Acumen Research and Consulting.

Cloud computing in healthcare increases the efficiency of the industry, while decreasing costs. Cloud computing makes medical record-sharing easier and safer, automates backend operations and even facilitates the creation, and maintenance of, telehealth apps.

The growing demand-supply gap in the healthcare industry has led to increased need for IT, boosting the adoption of cloud computing in this industry. Moreover, technologically advanced healthcare infrastructure, especially the hospitals in developed economies, is one of the key factors impelling market demand.

With rising population and volume of patient information, integration of data and having real-time access has become the need of the hour. Increase in investments by several private and public organizations in healthcare IT infrastructure is also one of the factors expected to positively impact growth in the near future.