Market Research Future (MRFR) announces the publication of its research report – Global Healthcare Business Intelligence Market, 2018–2023. The global healthcare business intelligence (BI) market held a market value of USD 3,650.1 million in 2017 and is projected to grow at a CAGR of 15.5% over the forecast period.

Factors characterizing the market growth are the emergence of big data in the healthcare industry, rising demand to curb healthcare costs and improve patient outcomes, a surging number of patient registries, and increasing adoption of data-driven decision-making. In contrast, the complexity of systems and the dearth of skilled personnel in the Asia-Pacific and African regions are anticipated to limit the adoption of BI in healthcare space over the forecast period.

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Some Of The Leading Players In The Global Healthcare Business Intelligence Market Are : Microsoft Corporation, International Business Machines Corporation, SAP SE, Oracle Corporation, SAS Institute, Tableau Software, MicroStrategy Incorporated, Qlik Technologies, Information Builders, Sisense, Yellowfin International Pty Ltd, and BOARD International S.A.

Currently, the global healthcare business intelligence market is led by numerous key players. The major value contributors in the market are implementing miscellaneous growth strategies such as new product launches, collaborations & partnerships, operational & geographical expansion, joint ventures, divestitures, and mergers & acquisitions. For instance, in March 2018, International Business Machines (IBM) Corporation launched a new cloud for data science and engineering called Cloud Private Data. This is designed to assist healthcare enterprises to utilize data science and machine learning techniques to generate insight from data, and then engineer artificial intelligence (AI) products that put those insights into use.

Segmentation

The Global Healthcare Business Intelligence Market (BI) Has Been Segmented Into Component, Function, Application, Deployment Model, End User, and Region.

By component, the market has been segmented into platforms, software, and services.

On the basis of function, the market has been divided into OLAP and visualization, performance management, and query and reporting.