Healthcare Business Intelligence Market 2024 Perception, Extension and Predicted Trends 2033| Microsoft Corporation, Oracle Corporation, Tableau Software, SAP SE, IBM Corporation, QlikTech International AB, Sisense Inc.

The Business Research Company presents an extensive market research report on the ""Healthcare Business Intelligence Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Healthcare Business Intelligence industry. This report on Healthcare Business Intelligence market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The healthcare business intelligence market size has grown rapidly in recent years. It will grow from $8.92 billion in 2023 to $10.32 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to regulatory compliance, increased data integration, cost control, population health management, quality improvement.
The healthcare business intelligence market size is expected to see rapid growth in the next few years. It will grow to $18.49 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to telehealth and remote monitoring, interoperability, concern over cybersecurity, pandemic preparedness, precision medicine. Major trends in the forecast period include real-time data analytics, predictive analytics, data security and privacy, cloud-based bi solutions, AI and machine learning.

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Key Market Players:

Microsoft Corporation, Oracle Corporation, Tableau Software, SAP SE, IBM Corporation, QlikTech International AB, Sisense Inc., SAS Institute Inc., BOARD International, Yellowfin BI.

Market Drivers:

According to the Healthcare Business Intelligence Market Report 2024 by The Business Research Company, the rise in healthcare spending is expected to propel the growth of the healthcare business intelligence (BI) market going forward. Healthcare spending refers to all expenditures for the provision of health services, family planning activities, nutrition activities, and emergency aid designated for healthcare spending. Healthcare business intelligence offers various benefits for the improvement of patient safety and other healthcare improvements. As a result, a rise in healthcare spending increases the demand for the healthcare business intelligence market. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, between 2020 and 2021, healthcare spending in the UK increased by 9.4% in nominal
terms and 9.7% in real terms. Therefore, the rise in healthcare spending is driving healthcare business intelligence market.

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Market segments for home insurance include:

1) By Component: Platforms, Software, Service
2) By Function: Query and Reporting, OLAP and Visualization, Performance Management, Hybrid Model, Cloud-Based Model
3) By Mode of Delivery: On-Premise Model, Hybrid Model, Cloud-Based Model
4) By Application: Financial Analysis, Clinical Data Analysis, Patient Care Analysis, Other Applications
5) By End-User: Payers, Healthcare Providers, Other End-Users

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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