Healthcare Analytics Market is to grow at 33% During the Forecast Period 2022 to 2032

According to Future Market Insights' most recent report, the global Healthcare Analytics Market will generate US$29.1 billion in sales in 2021. The anticipated market growth from 2022 to 2032 is anticipated to be substantially larger than the increase in the past, coming in at 29.2%. With a projected CAGR of over 33% between 2022 and 2032, software is predicted to generate the highest amount of revenue.

The change management software market is projected to be restrained by the complexity of integrating technologies and toolsets. However, the rise in demand for artificial intelligence and machine learning as value-added capabilities in vendors' solutions is expected to generate a big opportunity for them as DevOps and AI usage develop.

Furthermore, advancements in wireless technology, increased internet penetration, and an increase in the number of connected devices are driving the Internet of Things forward, which is also positively impacting the change management software market adoption trends. As a result, new opportunities for change management software manufacturers are opening up, strengthening the global industry.

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During the forecasting period, North America accounted for the highest share of the change management software market. The ITSM solution includes a change management software solution that is used to monitor and track changes in the IT infrastructure. It aids in reducing the negative effects of IT-related changes on an organization.

For diverse applications, the reliance on automated digital mediums and AI is growing in every area, including banking, IT, healthcare, education, and others. The increasing adoption of AI in the IT and telecom sectors are expected to boost the change management software market growth.

As per the global change management software market study, the continuous expansion of internet connectivity around the world, as well as various technological breakthroughs like as 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), have bolstered economic growth tremendously in the last two decades.

Key Takeaways

The software component segment of the change management software is projected to advance at a CAGR of 9% throughout the forecast period.
In 2026, North America is predicted to have a market share of over 30%, followed by the Asia Pacific. Increased cyber security threats, particularly among the government and banking sectors, are credited to the growth of the change management software industry?in North America.
During the projection period, the market in the Asia Pacific is expected to grow at a CAGR of more than 15%, followed by South America. India, China, and Japan are among the major countries in the region that are driving the change management software industry. Market growth is expected to be hampered by increasing third-party partnerships and weak IT infrastructure.
Over the projection period, the telecom and IT segment are expected to hold the biggest change management software market share and offer considerable development prospects.

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Competitive Landscape

ServiceNow Corporation, BMC Software, Inc., CA Technologies, IBM Corporation, Cherwell Software, LLC., Ivanti, Axios Systems, EasyVista Inc., Micro Focus International Plc, and Zoho Corporation are among the major participants in the worldwide?change management software industry.

These companies have used a variety of growth tactics to enhance their global footprint and market share, including new product launches, partnerships, contracts, collaborations, acquisitions, and expansions.

Key Segments

By Component:

Software
Services

By Deployment Type:

On Premise
Cloud based

By Organization Size:

SMEs
Large Enterprises

By Industry Type:

BFSI (Banking, Financial Services and Insurance)
Healthcare and Life Science
Education
Government and Public Sector
Telecom and IT
Retail and Consumer Packaged Goods
Others

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By Geography:

North America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
Latin America

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.