Business intelligence (BI) is defined as a set of techniques, technologies, and tools, which are used for the collection of raw data and then transformed it into meaningful, useful and insightful information. It provides present, past and future view of business processes. In health care the meaning of executive performance is varying as rapidly as the requirement for it is increasing. Business intelligence provide information, integration, delivery and analysis capabilities to healthcare organizations. The complex data gathered from numerous sources (operational, patient data) is analyzed and used by healthcare providers with the aid of BI platforms for the larger population.
Most Prominent Key Players Operating in this Study:
Siemens AG, McKesson Corporation, Cognizant, Health Catalyst, Verisk Analytics, Inc., Microsoft, Information Builders, Oracle, Accenture, and TABLEAU SOFTWARE among others.
The report aims to provide an overview of global healthcare business intelligence market with detailed market segmentation by function, technology, application, end-user, and geography. The global healthcare business intelligence market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The healthcare business intelligence market is anticipated to grow with a significant rate in the coming years, owing to factors such as, rise in healthcare data, growing adoption of business intelligence systems by the healthcare providers, increasing healthcare expenditure and hence the need to use technology for cost reduction drive the market. Due to traditional systems are expected to be replaced by new technologically advanced systems in response to government regulations. Healthcare business intelligence market are expected to offer growth opportunities for the players operating in the market.
North America is expected to be the largest and fastest growing healthcare business intelligence market among all regions. North America leads the healthcare business intelligence market with U.S. carrying the major market share. Due to growing adoption of BI systems by the healthcare providers. Asia Pacific is expected to be one of the most attractive markets in the near future for the healthcare business intelligence market followed by North America.
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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
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