Press release
Benefits Navigation Platform Market Opportunities And Strategies 2023-2032 - Growth Analysis, Outlook, Overview
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Benefits Navigation Platform Global Market Report 2023 identifies rising growth of cloud-based solutions as the major driver for the Benefits Navigation Platform market's growth in the forecast period. A cloud-based solution refers to the programs, storage spaces, on-demand services, computer networks, and other services accessible through another provider's shared cloud computing framework using an internet connection.
The global benefits navigation platform market is expected to grow from $9.83 billion in 2022 to $10.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The benefits navigation platform market is expected to reach $14.9 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the Benefits Navigation Platform market are Optum Inc., Aon, Gallagher, Alight Solutions LLC, LifeWorks Inc., Sharecare Inc., Quantum Health, Accolade Inc., HealthEquity, Discovery Benefits.
A key trend in the Benefits Navigation Platform market includes technological advancements. Major companies operating in the benefits navigation platform market are adopting new technologies to sustain their position in the market. For instance, in June 2023, Benefitfocus, a US-based cloud-based benefits administration technology company, launched a new cares navigation service using industry-leading data science to identify physicians with better health outcomes. It is integrated into its benefits administration platform, uses a self-service doctor search engine, and has access to one of the most comprehensive and up-to-date databases on physician performance.
Read More On The Global Benefits Navigation Platform Market Report Here:
https://www.thebusinessresearchcompany.com/report/benefits-navigation-platform-global-market-report
The Benefits Navigation Platform market is segmented -
• By Type: For Employers, For Employees
• By Solution: Software, Services
• By Application: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
• By Industry Vertical: Retail, Healthcare, Financial Services, Manufacturing, IT And Telecom, Public Sector, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Benefits Navigation Platform market.
The Business Research Company's "Global Benefits Navigation Platform Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Benefits Navigation Platform Market Include:
1. Executive Summary
2. Benefits Navigation Platform Market Characteristics
3. Benefits Navigation Platform Market Trends And Strategies
4. Benefits Navigation Platform Market - Macro Economic Scenario
5. Global Benefits Navigation Platform Market Drivers and Restraints
………………………………………………………………
32. Global Benefits Navigation Platform Market Competitive Benchmarking
33. Global Benefits Navigation Platform Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Benefits Navigation Platform Market
35. Benefits Navigation Platform Market Future Outlook and Potential Analysis
36. Appendix
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