Healthcare Business Intelligence Market Size – USD 5.40 Billion in 2019, Market Growth – at a CAGR of 14.6%, Market Trend – Rise in adoption of data-driven decision-making solutions in the healthcare industry
The global Healthcare Business Intelligence Market is anticipated to reach value of USD 15.14 Billion by 2027, according to a current analysis 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..During the forecast period, the online analytical processing (OLAP) visualization segment is likely to lead the market
Key Market Participants Include Domo Inc., Tableau Software, Sisense Inc., Microsoft Corporation, Qlik Technologies Inc., Infor Inc., SAP SE, Salesforce.com, Inc., Oracle Corporation, and MicroStrategy Incorporated
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North America is anticipated to lead the global market during the forecast period. Growing use of healthcare business intelligence tools by healthcare providers to optimize clinical outcomes and decrease expenses is expected to fuel the market in the region during the forecast period.The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global healthcare business intelligence market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era.
The online analytical processing (OLAP) method solves users' issues and offers quick and understandable accessibility to comprehensive data and related metrics for analysis and reporting purposes. Business intelligence software helps healthcare organizations collect, interpret, and process data into appropriate business information, which is projected to fuel the segment during the forecast period. Rising demand for better cost management solutions is likely to drive the global healthcare business intelligence market further in the near future. Moreover, rising adoption of data-driven decision-making solutions in the healthcare industry is also expected to drive the global healthcare BI market during the forecast period
Increasing demand for improved claim management solutions in the healthcare industry and rising demand for better cost management solutions are driving the healthcare business intelligence market.
End-use Outlook (Revenue, USD Billion; 2017–2027)
Component Outlook (Revenue, USD Billion; 2017–2027)
Regional Analysis of the healthcare business intelligence Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points discussed in the report for Global Healthcare Business Intelligence Market:
Chapter 1: Introduction, market driving force product, Objectives of the Study, and Research Scope of the Healthcare Business Intelligence market
Chapter 2: Exclusive Summary –vital information of the Healthcare Business Intelligence Market.
Chapter 3: Market Dynamics- Drivers, Trends, and Challenges of the Healthcare Business Intelligence Market
Chapter 4: Healthcare Business Intelligence Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Market segmentation by Type, End-User and Region 2016-2018
Chapter 6: Analysis of the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 7 8: Appendix, Methodology and Data Source…Continued
Finally, Healthcare Business Intelligence Market is a valuable source of guidance for
individuals and companies.
The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape. In August 2020, Knarr Analytics LLC was acquired by Qlik Technologies Inc. The deal would improve Qlik's Cloud Platform Active Intelligence capability, which offers comprehensive insights to enable data-driven activities. During the forecast period, the software segment is expected to retain the largest market share, expanding at a CAGR of 14.6%.
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