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Healthcare Business Intelligence Market Value Hit US$ 12.7 Bn by 2026LOS ANGELES, Jan. 21, 2020 /PRNewswire/ -- The global healthcare business intelligence market value is expected to hit around US$ 12.7 billion by 2026. Healthcare Business Intelligence Market is poised to grow at a CAGR of around 14.8% over the forecast period 2019 to 2026.  Free Download Sample Report Pages for Better Understanding@ https://www.acumenresearchandconsulting.com/request-sample/1685 North America accounted for the largest share of the market in 2018 and is expected to observe the fastest growth during the forecast period. This can be attributed to the local presence of major software and service provider for healthcare industry such as Microsoft Corporation, Oracle Corporation, and SAS Institute, high awareness about this software, easy access to quality health services, and greater adoption to healthcare solutions by the healthcare industry in the U.S. and Canada. Growing healthcare industries, increasing demand for business intelligence solutions by industries, a single approval system across the European region,and rapid adoption of advanced medical technology are some of the key factors responsible for maintaining the second largest rank of Europe across the world. Asia Pacific is anticipated to witness significant growth due to increasing penetration, spreading IoT connectivity, and growing investment in healthcare infrastructure. Furthermore, healthcare companies are shifting their preference from traditional tool-centric data, and tactical projects to strategic and architecture-centric data which can help in enhancing their profits. Based on the component, the global healthcare business intelligence market has been divided into the platform, software, and services. The platform segment held the largest share of the market in 2018 and is expected to maintain its dominance during the forecast period. This can be attributed to increasing demand for customized business intelligence solutions for each industry to integrate BI solutions into existing business and thereby reduce healthcare cost and enhance service efficiency. However, the software segment is anticipated to observe the fastest growth during the forecast period. View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/healthcare-business-intelligence-market Based on the function, the market is sub-segmented into query & reporting, OLAP & visualization, and performance management. In 2018, the OLAP & visualization segment accounted for the largest share of the market. Based on the application, the market is divided into financial analysis, operational analysis, patient care, and clinical analysis. The financial analysis segment accounted for the maximum share of the marke in 2018 due to higher demand from healthcare organizations. It is observed that healthcare organizations collectively can save USD 300 – USD 450 billion annually across the U.S. by opting for business intelligence and big data. However, patient care is anticipated to boost the market with the highest rate during the forecast period. Based on the deployment model, the market has been divided into the on-premise model, cloud-based model, and hybrid model. The cloud-based segment accounted for the largest share of the market in 2018. This can be attributed to high penetration due to user-friendly technology, cost-effectiveness, and its properties such as agility and acceptability of cloud-based tools. However, the hybrid model is anticipated to observe the fastest growth during the forecast period. Related Reports
Major players operating in the healthcare business intelligence industry are BOARD International, IBM, Information Builders, Microsoft, MicroStrategy Incorporated, Oracle, QlikTech International AB, SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software, and Yellowfin BI. Focus on R&D, providing a comprehensive range of solutions to clients, acquisitions, and partnerships are some of the key strategies being adopted by market players to increase their footprints in various sectors of the healthcare business intelligence market. Some of the key observations regarding the healthcare business intelligence industry include:
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