Global Business Intelligence Market in the Healthcare Sector 2023-2027
Technavio has been monitoring the business intelligence market in the healthcare sector and is forecast to grow by USD 8991.58 mn during 2022-2027, accelerating at a CAGR of 17.02% during the forecast period. Our report on the business intelligence market in the healthcare sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improved efficiency of BI tools, the growing integration of big data with healthcare analytics, and increasing use of smart connected devices.
Technavio's business intelligence market in the healthcare sector is segmented as below:
By Component
By Deployment
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing use of predictive analytics and artificial intelligence in healthcare as one of the prime reasons driving the business intelligence market in the healthcare sector growth during the next few years. Also, rising adoption in technology and rising adoption of natural language processing (NLP) in BI will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the business intelligence market in the healthcare sector covers the following areas:
- Business intelligence market in the healthcare sector sizing
- Business intelligence market in the healthcare sector forecast
- Business intelligence market in the healthcare sector industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business intelligence market in the healthcare sector vendors that include Accenture Plc, Alphabet Inc., Board International SA, Domo Inc., Hexaware Technologies Ltd., Idera Inc., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., Open Text Corp., Oracle Corp., Perficient Inc., QlikTech international AB, Salesforce.com Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Tata Consultancy Services Ltd., and TIBCO Software Inc. Also, the business intelligence market in the healthcare sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.