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Healthcare ERP Consulting Services Market Research 2024-2033 - Size, Outlook, Overview And Competitor Analysis
Healthcare ERP Consulting Services Market Research
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According to The Business Research Company's, The healthcare erp consulting services market size has grown rapidly in recent years. It will grow from $4.96 billion in 2023 to $5.54 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increased integrated data, improved cost control, administrative efficiency, workflow automation, integration of electronic health records .
The healthcare erp consulting services market size is expected to see rapid growth in the next few years. It will grow to $8.41 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to value-based care models, telehealth expansion, cybersecurity and data protection, sustainability and environmental impact, pandemic preparedness. Major trends in the forecast period include digital transformation roadmaps, cloud-based erp solutions, data analytics integration, patient engagement solutions, ai and machine learning in erp.
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Market Drivers and Trends:
The increase in adoption of ERP systems is expected to propel the growth of the healthcare ERP consulting services market going forward. ERP systems refer to software and systems that are used to plan and manage an organization's fundamental supply chain, manufacturing, services, finance, and other functions. Healthcare organisations are using the ERP solution to its full potential and leveraging it to increase productivity and efficiency to make crucial decisions for better healthcare consulting outcomes. For instance, in September 2023, according to a report published by Software Connect, a US-based software company, the interest in cloud-based ERP systems surged to 42% in the year 2022. The software purchasing process is most often initiated by company owners and C-suite executives, representing 50.8% of the cases. Therefore, the adoption of an ERP system is driving the growth of the healthcare ERP consulting services market.
Product innovation is a key trend gaining popularity in the healthcare ERP consulting services market. Major companies operating in the healthcare ERP consulting services market are focused on developing new product innovation solutions to strengthen their position. For instance, in October 2021, Cerner, a US-based healthcare company that includes ERP consulting services, launched Cerner RevElateTM, the company's go-forward patient accounting product that will bring enhanced capabilities to the Cerner revenue cycle management portfolio. Cerner RevElateis a result of Cerner's investment in advancing patient accounting capabilities and enterprise-wide technology optimization in an effort to best align Cerner's powerful research and development resources with those solutions needed by caregivers around the world. It will reduce complexity by managing data and workflows that scale for large health systems and influence clinical, billing, and payer workflows.
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Major Key Players of the Market:
Deloitte Touche Tohmatsu, PricewaterhouseCoopers, Premier Inc., Workday Inc., Infor Inc., Atos Information Technology GmbH, Avaap USA LLC, Infosys Limited, Allscripts Healthcare LLC, Azalea Health, SAP SE, Wipro Limited, KPMG International Limited, Clarkston Consulting, JDC Systems Innovations, The RockWood Group INC., AIM Solutions, Alithya Group Inc., Cloud Services Solutions, InfoSmart Technologies, IT GuidePoint Corporation, LeverX International LLC, Panorama Consulting Group, Traust Patrons LLP, Traction Consulting Group, Cognizant Technology Solutions India Private Limited, HCL Technologies, IBM Corporation, Tata Consultancy Services Limited, Tech Mahindra Limited, Ernst & Young Global Limited, McKinsey & Company, Boston Consulting Group, Bain & Company
Healthcare ERP Consulting Services Market 2024 Key Insights:
• The healthcare erp consulting services market size is expected to see rapid growth in the next few years. It will grow to $8.41 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
• Rapid Adoption Of Erp Systems In Healthcare Fuels Growth In The Healthcare Erp Consulting Services Market
• Product Innovation Surges In The Healthcare Erp Consulting Services Market With Notable Launches
• North America was the largest region in the healthcare ERP consulting services market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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