Healthcare cloud computing market Healthcare cloud computing market forecast, 2016-2 | Page 6

North America transpired as the largest market for healthcare cloud computing, on account of advanced healthcare and IT infrastructure North America led the global healthcare cloud computing market by holding more than half of the shares in 2016. It is expected to continue its dominance during the forecast period with an impressive CAGR of 25.6%. The implementation of mandatory regulations for maintaining electronic data for patients and increased number of IT investments in the healthcare industry have propelled the North America market. The advancement in healthcare infrastructure of North America is also an important contributor in the growth if the market in this region. U.S. is a home to several prominent companies operating in the cloud computing market, which further drives the market in this region. 6