Press release
Healthcare Business Intelligence Market Is Likely to Experience a Tremendous Growth in Near Future
Healthcare Business Intelligence
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Major players profiled in the study are:
Microsoft (United States), IBM (United States), SAP SE (Germany), Oracle (United States), Cloudera (United States), Enigma (United States), Tellius (United States), H2O.ai (United States), Tableau Software (United States), Micro Strategy Incorporated (United States),
Scope of the Report of Healthcare Business Intelligence
Healthcare organizations are implementing healthcare business intelligence solutions to improve efficiency and patient care. Business intelligence software industry allowing unique recommendation, personalization, and helps to reduce operational costs, improve quality of patient care, identify patterns. Healthcare data analytics helps healthcare organizations an easy way to prepare, analyze & visualize big and disparate data. A study revealed that the healthcare business intelligence platform market will be expected to reach USD~3.9 billion by FY 2023. Rapid digital transformation and continuous change in regulatory is the highest driving factor behind the growing requirement of business intelligence in the healthcare sector. As with the rising issue of COVID-19, artificial intelligence is on the top, because it has the potential to save lives, money, and resources altogether. There is huge no. of investments that are injected into AI across the globe. For instance, General Electric allocate almost half of its R&D budget in digital and artificial intelligence. Apart from these AI-powered applications also helping people to screen themselves for novel coronavirus, and reduce the pressure on healthcare institutions.
In Sep 2019, Digital Intelligence Systems announced the acquisition of ALTEK Information technology. Through this acquisition, Digital Intelligence Systems is able to expand its footprint and its expertise across the healthcare space in Washington DC and other metro areas in Chicago.
The Global Healthcare Business Intelligence Market segments and Market Data Break Down are illuminated below:
by Type (Predictive Analytics, Centralization of Electronic Health Records, Personal Health Apps and Devices, The Social Media Wave), Application (Predicting Patient Needs, Reporting Efficiency, Improving Response Rates, Mining Data to Treat Diseases, Identifying At-Risk Patients), Technology (Big Data, Artificial Intelligence), Deployment (On-Premises Model, Cloud â€" Based Model, Hybrid Model), Compoment (Platforms, Software, Services)
Market Opportunities:
• Rapid growth in the healthcare analytics market, as the healthcare analytics market will triple in the coming five years, will be estimated to reach USD ~50.5 billion by FY2024. The four major segments including financial analytics, administrative and operational analytics, clinical analytics, and population health analytics. This shows strong growth potential for healthcare business intelligence in the coming years.
Market Drivers:
• Rise in usage of EHRs across hospitals and clinics along with the growing requirement to build up patient data is driving the healthcare business intelligence market. Along with rising concern towards the improvement of patient safety and management at lower costs. And simultaneously the companies are focusing on enhancing revenue by monitoring cash flow to the remaining compliant.
Market Trend:
• Artificial Intelligence Based Business Intelligence Applications
• Machine Learning-Based Analytics Could Enable Hospitals
What can be explored with the Healthcare Business Intelligence Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global Healthcare Business Intelligence Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Healthcare Business Intelligence
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Healthcare Business Intelligence Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Healthcare Business Intelligence market
Chapter 2: Exclusive Summary - the basic information of the Healthcare Business Intelligence Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Healthcare Business Intelligence
Chapter 4: Presenting the Healthcare Business Intelligence Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2022
Chapter 6: Evaluating the leading manufacturers of the Healthcare Business Intelligence market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2030)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Healthcare Business Intelligence Market is a valuable source of guidance for individuals and companies.
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About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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