Description
· Data Bridge Market Research analyses that the healthcare business intelligence market is expected to undergo a CAGR of 14.55% during the forecast period of 2022 to 2029. “On-premise Model” accounts for the largest deployment segment in the healthcare business intelligence market owing to the rising adoption of cloud-based models coupled with the high dependency of healthcare on digital technology to operate functions of a complex healthcare system.
Market Analysis and Size
On daily basis, there is increase in the patient population in hospitals, clinics and similar healthcare providing institution. This indicates that with the rising patient pool, there is a subsequent rise in the information to be recorded, stored and managed. Healthcare business intelligence is one such solutions that allows efficient and effective management and storage of healthcare organizational data.
Healthcare business intelligence is a technological driven process involving the application of a wide range of tools, applications and strategies to collect the data from external and internal resources, analyse it, develop and run queries against the data. Healthcare business intelligence helps in making actionable insights by analysing all kinds of structured and unstructured healthcare data.
Drivers
· Rising adoption of advanced technologies
Growing adoption, integration and deployment of advanced technologies with the healthcare systems is proving to be a masterstroke for the healthcare industry. Technologies such as artificial intelligence and machine learning have improved the efficiency and effectiveness of healthcare operations by manifolds.
· Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies will further create lucrative market growth opportunities. Researches being conducted on the integration of information technology with healthcare services has widened the scope of growth for the healthcare business intelligence market.
· Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the demand for healthcare business intelligence. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative healthcare business intelligence market growth opportunities.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities and rising penetration of cloud services will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, growing adoption of data-driven decision-making, surging number of strategic collaborations, increasing number of patient registries, favourable initiatives taken up by the government and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Global Healthcare Business Intelligence Market Scope
The healthcare business intelligence market is segmented on the basis of component, function, application, deployment, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
· Platforms
· Software
· Services
On the basis of component, the healthcare business intelligence market is segmented into platforms, software, and services.
Function
· Query and Reporting
· Online Analytical Processing (OLAP) and Visualization
· Performance Management
On the basis of function, the healthcare business intelligence market is bifurcated into query and reporting, online analytical processing (OLAP) and visualization, and performance management.
Application
· Financial Analysis
· Operational Analysis
· Clinical Analysis
Healthcare Business Intelligence Market Regional Analysis/Insights
The healthcare business intelligence market is analysed and market size insights and trends are provided by country, component, function, application, deployment, and end-user as referenced above.
The countries covered in the healthcare business intelligence market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, increasing adoption of healthcare intelligence solutions and services by healthcare providers and the growing demand for quality healthcare in the region.
Major TOC of the Healthcare Business Intelligence Market Report
Chapter One:
· MARKET SEGEMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
Get TOC of the Report: https://www.databridgemarketresearch.com/toc/?dbmr=global-patient-engagement-technology-market
Competitive Landscape and Healthcare Business Intelligence Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare business intelligence market.
Access Full Report:- https://www.databridgemarketresearch.com/reports/global-patient-engagement-technology-market
Some of the major players operating in the healthcare business intelligence market are
· Microsoft,
· IBM,
· Oracle,
· SAP SE,
· SAS Institute Inc.,
· TABLEAU SOFTWARE, LLC,
· MicroStrategy Incorporated.,
· QlikTech International AB,
· Information Builders,
· Sisense Inc.,
· Yellowfin International Pty Ltd,
· Board International, Perficient, Inc.,
· TIBCO Software Inc.,
· Infor. and Domo, Inc.among others.
About Us:
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