Healthcare Business Intelligence Market Foreseen to Grow Exponentially by 2025 | Top Leading Players Siemens AG, McKesson, Cognizant, Health Catalyst, Verisk Analytics, Microsoft, Information Builders, Oracle and Accenture

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Business intelligence (BI) is defined as a set of techniques, technologies, and tools, which are used for the collection of raw data and then transformed it into meaningful, useful and insightful information. It provides present, past and future view of business processes. In health care the meaning of executive performance is varying as rapidly as the requirement for it is increasing.

Business intelligence provide information, integration, delivery and analysis capabilities to healthcare organizations. The complex data gathered from numerous sources (operational, patient data) is analyzed and used by healthcare providers with the aid of BI platforms for the larger population.

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Top Dominating Key Players:

1. Siemens AG
2. McKesson Corporation
3. Cognizant
4. Health Catalyst
5. Verisk Analytics, Inc.
6. Microsoft
7. Information Builders
8. Oracle
9. Accenture
10. TABLEAU SOFTWARE

The healthcare business intelligence market is anticipated to grow with a significant rate in the coming years, owing to factors such as, rise in healthcare data, growing adoption of business intelligence systems by the healthcare providers, increasing healthcare expenditure and hence the need to use technology for cost reduction drive the market.

Due to traditional systems are expected to be replaced by new technologically advanced systems in response to government regulations. Healthcare business intelligence market are expected to offer growth opportunities for the players operating in the market.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Healthcare Business Intelligence Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

The global healthcare business intelligence market is segmented on the basis of function, technology, application, and end user. The function segment includes, query and reporting tools, performance management/ monitoring & alerts, and online analytical processing (OLAP) and visualization tools.

On the technology basis market is segmented as, mobile business intelligence, and cloud business intelligence. Based on Application, the healthcare business intelligence market is segmented as, financial analytics, clinical analytics, operational analytics, and others. Based on end user, the market is classified as, physicians, hospitals, providers, and payers.

North America is expected to be the largest and fastest growing healthcare business intelligence market among all regions. North America leads the healthcare business intelligence market with U.S. carrying the major market share. Due to growing adoption of BI systems by the healthcare providers. Asia Pacific is expected to be one of the most attractive markets in the near future for the healthcare business intelligence market followed by North America.

The Healthcare Business Intelligence Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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What our report offers:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Healthcare Business Intelligence Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Healthcare Business Intelligence, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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