Research and Markets: Increased Wireless, Cloud Tech Use to Drive Healthcare Cloud Market

A new Research and Markets report says an increase in demand for wireless and cloud technologies will help drive the healthcare cloud computing market to $12.65 billion in total value by 2020.

The report sets the market’s compound annual growth rate at 20.1 percent from 2014 through 2020, Research and Markets said Wednesday.

Research and Markets says North America become the largest healthcare cloud market  and that non-clinical information systems will represent the largest market segment.

Research and Markets cites privacy and security issues, lack of talent pool and interoperability issues as some of the challenges that hinder the growth of the global healthcare cloud computing market.

The report profiles Microsoft, Oracle, IBM, Dell and GE Healthcare as the “tier-one” players in the healthcare cloud computing market.