Healthcare IT Outsourcing Market Worth $50.4 Billion by 2018

Last month we reported that IT outsourcing is now a $288B Industry. More recently new data is revealing that outsourcing in the healthcare industry is poised to grow to a 50 billion dollar industry by 2018.

More companies in every sector are outsourcing IT services in Toronto, the rest of Canada and the entire world. It appeals to hospitals and others in the healthcare sector because of the sheer volume of data collected on a day-to-day basis.

A new report from MarketsandMarkets says that outsourcing IT services in healthcare is about to grow from big business to massive business, reaching $50.4 billion by 2018 from $35 billion in 2013.

“Due to the lack of required skills and IT domain expertise, maintaining IT infrastructure and services is a challenging task for the healthcare industry,” said MarketsandMarkets in a press release about the report.

“The Healthcare Industry, on the whole, generates huge amounts of data. Healthcare providers/payers need to electronically track data related to medical records, billing codes, electronic monitoring systems, and patient care. In order to track and manage this valuable data via electronic systems, there is a need for strong information technology infrastructure and devices such as servers, desktops, networks, personal digital assistants (PDAs), and laptops.”

The report also states that North America (U.S. and Canada) are outsourcing the most IT services and command the highest share of the global market.

If you have any questions about IT Outsourcing in Toronto or the GTA, please contact us any time.

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