Big Data Analytics in Healthcare Market By Component (Hardware, Software), By Deployment (On-premises, Cloud), By End User (Hospitals and Clinics, Finance and Insurance Agencies, Research Organizations), By Application (Clinical Analytics, Financial Analytics, Operational Analytics): Global Opportunity Analysis and Industry Forecast, 2023-2032
Big data analytics in healthcare is an analytic solution that derives insights on patient information and improves treatment techniques by enabling evidence-based disease prevention modeling and diagnostic analysis. The key players, such as IBM Corporation, Optum, Microsoft, and others, provide innovative analytical solutions such as population health management, biometric analysis, clinical decision support, revenue cycle management, risk assessment, value-based analytics, and others to healthcare end users. In addition, big data analytics optimizes process-oriented expenditures in the healthcare industry by improving the population health, integrating performance modeling with financial and predictive care monitoring, and others.
Rise in demand for analytics for population health management solution and increase in adoption of cloud analytics among several end users are some of the major factors that drive the global big data analytics in the healthcare market growth. In addition, rise in government initiatives for supporting the adoption of healthcare analytics is expected to fuel the growth of the market. However, security concerns over patient information among end users and slow adoption of healthcare analytic solutions in the underdeveloped regions are the major factors that impede the market growth. Conversely, technological advancements and rise in application areas among various industry verticals are expected to provide lucrative opportunities for the growth of the global market.
The Big data analytics in healthcare market is segmented on the basis of component, deployment mode, application, end user, and region. On the basis of the component, the market is divided into software and service. By deployment mode, it is bifurcated into on-premises and cloud. On the basis of the application, the market is categorized into clinical analytics, financial analytics, and operational analytics. By end user, it is divided into hospitals & clinics, finance & insurance agencies, and research organizations. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In April 2023, Arista Networks Inc. launched new big data analytics in healthcare or NAC service on the opening day of this week’s RSA Conference in San Francisco. The vendor is best known as a high-performance network vendor but moved into the security industry when it acquired Awake Security, which brought network detection and response or NDR. Since then, the company has added wireless intrusion prevention, edge threat management, and other services. In January 2023, IQVIA, a leading global provider of advanced analytics, technology solutions and clinical research services to the pharmaceutical and broader life sciences industry, announced the first life sciences industry collaboration with Alibaba Cloud in China. IQVIA and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, will be providing solutions hosted in Mainland China leveraging Salesforce on Alibaba Cloud. This will enable customers with a path to begin using or extending their investments on the best-in-class platform for engaging with their customers.
The market players operating in big data analytics in healthcare market are Cisco Systems, Inc., Dell Inc., EPIC Systems Corporation, Hewlett Packard Enterprise, IBM Corporation, Infosys, Microsoft Corporation, Optum, Inc., Oracle Corporation, SAP SE, and SAS Institute inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the big data analytics in healthcare market globally.
Key Benefits for StakeholdersThe study provides an in-depth analysis of the global big data analytics in healthcare market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on the global big data analytics in healthcare market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
A quantitative analysis of the global big data analytics in healthcare market from 2022 to 2032 is provided to determine the market potential.
Key Market SegmentsBy DeploymentCloud
On-premises
By End UserHospitals and Clinics
Finance and Insurance Agencies
Research Organizations
By ApplicationClinical Analytics
Financial Analytics
Operational Analytics
By ComponentHardware
Software
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersMicrosoft Corporation
Cisco System, Inc.
Oracle Corporation
SAP SE
SAS Institute Inc
Dell Inc.
Optum, Inc.
IBM Corporation
Infosys Limited
Hewlett Packard Enterprise
EPIC Systems Corporation
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