We all knew that the Cloud market was growing, right? But according to recent estimates from 451 Market Monitor, the cloud computing marketplace will reach $16.7B in revenue by 2013, including the software-as-a-service (SaaS) category, compared to revenue of $8.7B in 2010. That’s almost double in size.
Cloud spans all segments. One area it is being adopted rapidly is in healthcare. According to a new market report published by Transparency Market Research, “the global cloud computing market in the healthcare industry was valued at USD 1.82 billion in 2011 and is expected to reach USD 6.79 billion by 2018, growing at a CAGR of 21.3% from 2012 to 2018.”
What is driving such growth? As we discussed last week, many of the reasons that Cloud is being adopted rapidly is because it helps businesses deliver greater value to their customers while reducing operating costs. This is quite evident in high-cost industries such as healthcare, where there is a global demand for more services and more efficiency – such as the ability to share information in real-time, and making that information available to all offices in a practice, for example. The drive toward greater business productivity and optimization is driving the Cloud boom.