A new report from market research firm Input has found spending on state and local health IT systems is projected to increase by 19 percent during the next five years, Federal Computer Week reports.

Researchers expect the health IT market’s worth to rise from $8.3 billion in 2010 to $9.9 billion in 2015. Fueling that growth will be the rapid adoption of electronic health record systems. Spending on EHRs will account for $2 billion of the $9.9 billion total.

The report indicated $2.5 billion in stimulus law funding for community-based medical facilities will lead to more spending on modernizing buildings, introducing electronic medical records and adding to the workforce.

Introducing IT services, such as electronic records management systems and SaaS, has been the primary objective of many businesses looking to improve their business productivity. Using cloud-based applications has been proven to reduce long-term energy and equipment costs, while also providing businesses with more flexibility in how they run their operations.

Information technology has been one of the few successful industries during the economic downturn. According to Gartner, the IT industry’s future continues to look bright, as the research group announced the global IT market will grow by 2.9 percent this year.ADNFCR-2553-ID-19931634-ADNFCR