Cloud Computing Market in Healthcare Research and Development Driven by Increasing Spending in R&D by Pharmaceuticals Giants

Cloud computing has been steadily gaining popularity since the time it was first developed in 2000. Cloud computing, an internet-based computing process, eliminates a personal system or local server for sharing data and other computing resources. Cloud computing helps in globalizing the workforce affordably. The global cloud computing market in healthcare research and development is expected to expand rapidly during the period between 2014 and 2020 due to factors such as increasing use of research and development activities by pharmaceutical companies and reduction of cost linked to the introduction of a new drug in the global market. 
 
The Many Benefits of Cloud Computing: Driving Factors
 
Cloud computing offers benefits such as controlled spending on infrastructure, increased flexibility, reduced burden of personal training, cost-effectiveness, unlimited storage of data, and streamlining of processes. Many pharmaceutical companies use cloud computing to take care of their online clinical research activities. The global cloud computing market in healthcare research and development is driven by factors such as increased spending in research and development activities by leading pharmaceutical companies, the evolution of next-generation sequencing, and the growing acknowledgment of the many advantages associated with cloud computing services. Globalization of leading biopharmaceutical and pharmaceutical companies is expected to boost the global cloud computing market in healthcare research and development during the forecast period.  

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Many drug companies house different central processing units that are maintained at the time of drug discovery procedures of R&D. With cloud computing applications, the scientists working on such R&D programs can use the required data regardless of their location. 
 
North America to Dominate Global Cloud Computing Market  
 
The global cloud computing market in healthcare research and development is segmented on the basis of geography into Asia Pacific, Europe, North America, and Rest of the World. The North America cloud computing market in healthcare research and development has dominated the global cloud computing market in healthcare research and development in the recent past and is expected to maintain its dominant position till 2020. The increasing number of domestic companies actively participating in healthcare research and development activities is predicted to drive the North America cloud computing market in healthcare research and development during the forecast period. Since the past few years, there has been a remarkable upswing in the cloud computing market in healthcare research and development in Europe. Rise in the number of establishments participating in research and development activities, improved healthcare infrastructure, and increasing contribution from emerging economies are expected to boost the cloud computing market in healthcare research and development in Europe and Asia Pacific. 
 
The global cloud computing market in healthcare research and development is highly fragmented, as all leading companies hold around 5% to 10% of the market. Some of the leading players in the global cloud computing market in healthcare research and development are Oracle Corporation, Intel Corporation, Merge Healthcare, Inc., Microsoft Corporation, IBM Corporation, Carecloud Corporation, Carestream Health, Inc., and Cisco Systems, Inc. Adoption of cloud computing in healthcare research and development by emerging players is predicted to boost the global cloud computing market in healthcare research and development in the coming few years.

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