According to a Frost & Sullivan study, the healthcare cloud market in the United States could be worth $3.5 billion by 2020.
According to the report, the market for cloud services is in a growth phase, with the U.S. healthcare cloud market finishing 2013 with $903.1 million in revenue, according to a report from Talkin' Cloud.
According to Frost & Sullivan, the reasons for healthcare cloud market growth are many. Cloud computing will help healthcare organizations meet regulation-required infrastructure requirements while remaining cost-effective and secure. In addition, HIE and telecommunication vendors may expand into the cloud computing market, increasing competition and the market's size, according to the report.
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