Wednesday, 14 February 2018

Business Intelligence Market in the Healthcare Sector is set to grow substantially during the forecast timeframe



Technavio recognizes the following companies as the key players in the global business intelligence market in the healthcare sector: IBM, Microsoft, Oracle, and SAP.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing scope of mobile BI. Smart devices such as smartphones and tablets are increasingly adopted by consumers. In addition, organizations are providing work-from-home options to enhance employee mobility. This has resulted in an increase in the number of employees working from remote locations.
According to the report, one of the major drivers for this market is Growing adoption of data analytics. Healthcare sectors are using data analytics to maximize their efficiency, increase revenue, and save costs. Data analytics help eliminate the major work involved in understanding patient requirements and in the health data tracking process. Thus, it helps organizations to analyze data patterns to serve patients well and provide them with personalized healthcare.
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Further, the report states that one of the major factors hindering the growth of this market is Presence of open-source BI vendors. The market has many open-source vendors that provide a range of BI tools and applications. Vendors like Pentaho, BIRT, SpagoBI, KNIME, and Jasper Report are providing BI solutions for free. A combination of multiple products from various open-source vendors can provide almost all the functionalities provided by on-premises or on-demand BI software.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Business Intelligence
Business intelligence (BI) involves technologies used by companies for conducting data analysis of business information. BI software helps BI by providing old, current, and predictive views of all business operations.
Technavio’s analysts forecast the global business intelligence market in the healthcare sector to grow at a CAGR of 13.50% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global business intelligence market in the healthcare sector for 2018-2022. To calculate the market size, the report considers the revenue generated from the business intelligence.
The market is divided into the following segments based on geography:
·         Americas
·         APAC
·         EMEA
Technavio's report, Global Business Intelligence Market in the Healthcare Sector 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
·         IBM
·         Microsoft
·         Oracle
·         SAP
Some points from TOC:-
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
• Market outline
PART 05: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 06: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 07: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
…………
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