The global healthcare business intelligence market is anticipated to reach value of USD 15.14 Billion by 2027, according to a latest Report by Emergen Research.
The global healthcare business intelligence market is anticipated to reach value of USD 15.14 Billion by 2027, according to a latest Report by Emergen Research. The global healthcare business intelligence(BI) market is expected to expand significantly during the forecast period, owing to increasing demand for improved claim management solutions in the healthcare industry. Rising demand for better cost management solutions is likely to drive the global healthcare business intelligence market further in the near future.
Moreover, accelerated adoption of data-driven decision-making solutions in the healthcare sector is also expected to largely contribute to market growth. However, the expensiveness of business intelligence solutions is predicted to impede the market growth.
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Key Highlights from the Report:
- The software segment is predicted to occupy the largest share of the market, expanding at an annual growth rate of 14.7% during the projected timeline. The significant growth can be accredited to the benefits of business intelligence software in helping organizations gather, interpret, and process data into actionable business solutions.
- The cloud-based segment is estimated to lead the market growth during the projected timeframe due to its enhanced accessibility, improved data protection, easy implementation, and streamlined data analysis.
- The online analytical processing (OLAP) and visualization segment is predicted to account for the industry’s largest share. The growth can be attributed to the quick ability of online analytical processing (OLAP) methods to solve issues and offer reliable access to extensive data and related metrics for analysis and reporting.
- The financial analysis segment is projected to lead the market growth during the projected timeframe. The financial analysis applications offer a plethora of functionalities, such as cost management, cash flow management, claims management, and sales and profitability management.
- The healthcare payer segment is projected to dominate the industry share during the estimated period due to increased medical expenses and the rising need to optimize memberships and reduce false claims.
- North America is forecasted to command the market growth during the projected timeline accredited to the increasing application of healthcare business intelligence solutions to optimize the clinical outcomes and reduce healthcare expenditure.
- Major participants of the industry include Oracle Corporation, MicroStrategy Incorporated, Domo Inc., Sisense Inc., Infor Inc., Microsoft Corporation, SAP SE, Qlik Technologies Inc., Salesforce.com, Inc., and Tableau Software.
- Qlik Technologies Inc. acquired Knarr Analytics LLC in August 2020. The acquisition is set to expand Qlik’s Cloud Platform Active Intelligence capability, which provides extensive insights to boost data-driven activities.
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For the purpose of this report, Emergen Research has segregated the global Healthcare Business Intelligence Market on the basis of component, deployment, function, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2017–2027)
- Services
- Software
Deployment Outlook (Revenue, USD Billion; 2017–2027)
- Cloud-based
- On-premises
- Hybrid
Function Outlook (Revenue, USD Billion; 2017–2027)
- Analytical Performance Management
- Query & Reporting
- Online Analytical Processing (OLAP) & Visualization
Application Outlook (Revenue, USD Billion; 2017–2027)
- Clinical Analysis
- Financial Analysis
- Patient Care Analysis
- Operational Analysis
End-use Outlook (Revenue, USD Billion; 2017–2027)
- Healthcare Payers
- Healthcare Providers
- Others
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
Reasons to buy the report:
- This study segments the Healthcare BI market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Healthcare BI sectors.
- This Healthcare BI report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Healthcare BI market.
Key features of the report:
- To study the key aspects impacting the Healthcare BI market size.
- To identify growth prospects in the Healthcare BI market.
- To analyze the Healthcare BI market segments and deduce the dominant trends observed in the industry.
- To examine the Healthcare BI market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Healthcare BI market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Healthcare BI Market Segmentation & Impact Analysis
4.1. Healthcare BI Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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