Global Healthcare BI Platform Market Insight on Trends, Drivers and Opportunities till 2023 end

Market Research Reports Search Engine (MRRSE) has added a fresh market intelligence report to its comprehensive collection of research studies. titled “Healthcare BI Platform Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023”. offers a detailed analysis, presenting insights into the key trends and dynamics that are influencing the growth of the market. In addition, the product segmentation, geographical scenario and competitive landscape of the market have been discussed in the study which describe the future growth prospects of the given forecast period of 2013 - 2025. As per the recent evaluations, a value of nearly US$  Bn is estimated to be generated by the global “US$530 mn” market by the end of 2025. Considering this, the report further projects that the market is anticipated to exhibit % CAGR during the assessment period.

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Business Intelligence (BI) platforms enable healthcare organizations to build applications that help them understand their processes and use technology to help ensure healthcare quality and control cost. BI platforms provide information delivery, integration, and analysis capabilities to healthcare organizations.

The global healthcare BI platform market is segmented on the basis of function into clinical analytics, financial analytics, operational analytics and others (regulatory reporting, etc.). In 2014, the financial analytics segment dominated the healthcare BI platform market accounting for US$ 532.0 Mn in revenue. Financial analytics function of healthcare BI platforms fulfill the primary requirements of healthcare organizations by defining financial goals, developing business plans, and monitoring costs and revenue which drives its demand. However, clinical analytics is expected to be the fastest growing segment in the healthcare BI platform market over the forecast period. On the basis of deployment type, the healthcare BI platform market is segmented into on-premise and cloud. In 2014, the on-premise deployment segment dominated the global healthcare BI platform market in terms of revenue. Cloud deployment is expected to be the fastest growing healthcare BI platform segment.

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The growth of this segment is mainly driven by increasing adoption by SMEs owing to its lower cost, increased deployment speed, and ease of use. On the basis of model type, the healthcare BI platform market is segmented into self-service BI and corporate BI. Corporate BI model type dominates the healthcare BI platform market. However, self-service BI is expected to be the fastest growing segment over the forecast period due to increasing demand for fast, diverse analytics using decentralized data.

Mobile BI, cloud BI, self-service BI, and social BI are the trends observed in the healthcare BI platform market. Currently, financial analytics function is acting as a key driver for the growth of the healthcare BI platform market.

Major players in the healthcare BI platform market include SAP SE, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAS Institute, Inc., OpenText Corporation, and Information Builders. Focus on emerging trends and strategic collaborations are some of the strategies adopted by leading players in the healthcare BI platform market.

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