Impact of COVID-19 on Healthcare BI Platform Market

In an intensely competitive healthcare business intelligence (BI) platform market, large players are aggressively focused on expanding their geographical outreach, says Transparency Market Research (TMR) in a new market intelligence report. These large players are leveraging the cloud business model to provide healthcare BI solutions that can be accessed irrespective of location.

Apart from this, savvy players are entering into partnerships with hospital groups and healthcare bodies to integrate healthcare BI solutions at the core of services. Healthcare BI solutions integrated at the origin of services help create robust healthcare systems. With cloud becoming the

Get Brochure of the Report @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2322

Some prominent players operating in the global healthcare BI platform market are Microsoft Corporation, Oracle Corporation, SAP SE, Information Builders, OpenText Corporation, IBM Corporation, and SAS Institute Inc.

The TMR report estimates the global healthcare BI platform market to rise at an impressive 11.7% CAGR for the 2015-2023 forecast period. At this pace, the market’s valuation of US$1.5 bn in 2014 is likely to become US$3.9 bn by 2023 vis-à-vis revenue.

Request For Covid19 Impact Analysis –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2322

On the basis of deployment, on-premise deployment segment led the market in 2014 in terms of revenue. However, the cloud deployment segment is likely to outshine in terms of share over the forecast period. This is mainly because of ease of use, low cost, and ability to serve several subscribers at one time. Geography-wise, North America held the leading 47.8% of the overall market in 2014. This is mainly because of early uptake of technology-driven solutions generally in the region across industries.

Need to Improve Healthcare Outcomes across Service Areas boosts demand

Majorly fuelling the healthcare BI platform market is the massive volumes of data generated by healthcare institutions. This vast volume of data generated in both fully and partially digitized healthcare establishments needs to be utilized for critical business decision making.

Healthcare decision makers are increasingly recognizing the potential of patient data for business intelligence. The patient data if processed using business intelligence software can help improve services for clinical performance, patient management, disease management, and cost and waste reduction.

Buy Report Now : https://www.transparencymarketresearch.com/checkout.php?rep_id=2322&ltype=S

As healthcare institutions realize the importance of business intelligence to deliver par excellence services in a number of service areas, the adoption of healthcare BI platform is on the rise. This boosts the healthcare BI platform market.

Government Reforms in Developing Countries to Improve Healthcare Services to stoke demand

Government regulations in several countries such as the U.S. are also boosting the uptake of healthcare BI platforms. For example, according to the Affordable Care Act in the U.S. that came into effect in 2010, the healthcare industry needs to replace outdated healthcare platforms with newer ones. Due to such amends, healthcare establishments are compelled to adopt advanced healthcare BI platforms.

So far, emerging economies and less-developed economies have slow pace of adoption of healthcare BI platforms. Lack of technological support and poor infrastructure for upgrade of business processes have been key reasons behind the lackluster growth of healthcare BI platform market in these regions.

However, reforms in government policies and efforts to upgrade healthcare infrastructure is likely to fuel the growth of healthcare BI platform market in emerging economies in the near future.

Read our Case study at : https://www.transparencymarketresearch.com/casestudies/innovative-medical-device-manufacturing-start-up

The review presented is based on the findings of a TMR report, titled “Healthcare BI Platform Market (By Function – Clinical Analytics, Financial Analytics, Operational Analytics, and Others; By Deployment Type – On-premise and Cloud; By Model Type -Self-service BI and Corporate BI) – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023.”

The global healthcare BI platform market is segmented as follows;

Global Healthcare BI Platform Market, by Function

  • Clinical Analytics
  • Financial Analytics
  • Operational Analytics
  • Others (Regulatory Reporting, etc.)

Global Healthcare BI Platform Market, By Deployment Type

  • On-premise
  • Cloud

Global Healthcare BI Platform Market, By Model Type

  • Self-service
  • Corporate

Global Healthcare BI Platform Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

More Trending Reports by Transparency Market Research – 1. http://www.prnewswire.com/news-releases/thrust-on-pharmaceutical-sector-to-develop-novel-drugs-for-clinical-conditions-propels-pharmaceutical-excipients-market-transparency-market-research-301017102.html

2.  https://www.biospace.com/article/angioplasty-balloons-and-stents-market-introduction/

Latest

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector,...

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand...

Newsletter

spot_img

Don't miss

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector,...

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates...

Is Khon Kaen In Thailand Suitable For Expat Families With Children?

Are you looking to relocate your family to Thailand...

Exploit the Best Bitcoin Trading Strategies

Have you ever wondered why few are successful while...
Admin
Adminhttps://dailybn.com/
Dailybn- Owned by | Wahad Butt From Pakistan. Email : annaconda092@gmail.com Hey We are outreach Blogger we will promote your website by premium guest posting service to grow your authority , Why We Are Different? Our blog posting administrations We offer the most serious estimating in the business that isn't just moderate yet additionally powerful.
spot_imgspot_img

Reasons You Should Use Only Genuine Or OEM Auto Parts

To prolong the life of your car, it's important to keep up with regular repairs and maintenance. For your vehicle to last as long...

Upgrade Your Car with These Affordable Tips to Enjoy That Luxurious Feeling

With constant growth and innovation in the automobile sector, it becomes difficult to stick to your budget and let go of that luxurious feeling....

IPTV UK: The Latest News And Updates

If you’re looking for the latest news and updates on IPTV UK, you’ve come to the right place. In this blog post, we will...