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15% CAGR growth by 2023 in Healthcare BI Market | Major Vendors - ACCENTURE, IBM, MICROSTRATEGY, ORACLE, SAS, MICROSOFT, AGILUM HEALTHCARE INTELLIGENCE, MICROSTRATEGY, amongst others.

11-24-2018 07:55 PM CET | Health & Medicine

Press release from: Market Prognosis

United States Lead the Market in North America

In 2017, the United States healthcare BI market held the largest share in North America due to the increasing healthcare expenditure and the presence of high-quality healthcare systems, and modern medical technology in the country.

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Business Intelligence (BI) is defined as a set of techniques, which is used for the collection of raw data and then transformed it into meaningful, useful and insightful information. Improvement in the quality of people's daily health and life activities, as well as, BI to support and promote such research activities are some of the factors driving the healthcare BI market. Other factors, such as the rising demand for reduction in healthcare expenditure, need to improve efficiency, decision making process and patient satisfaction, and the need for regulatory compliance and reporting are driving the healthcare BI market.

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Market Segments:
Healthcare BI market is segmented by:
1. Function: Reporting, Ad-hoc Analysis, Online Analytics Processing (OLAP), Data Warehousing, Data Mining, Dashboards, Datamarts, Predictive Analytics, Prescriptive Analytics, Others
2. Technology: Typical Architecture BI, Mobile BI, Cloud BI, Others
3. Application: Financial Analysis, Quality Performance & Safety Analysis, Marketing Analysis, Claims Analysis, Clinical Data Analysis, Patient Care Analysis, Operational Performance & Cost Management, Others
4. End User: Hospitals, Physicians, Providers, Payers
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• August 2017: Accenture acquired Herndon Data Analytics Company.
• April 2017: Microsoft acquired Intentional Software.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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India.
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