The global healthcare BI platform market is also fueled owing to several government regulations, including the Affordable Care Act in the U.S. (2010). As such regulations require the healthcare industry to replace outdated healthcare platforms with advanced ones, healthcare organizations are compelled to give into the reformative changes, pushing up the uptake of BI platforms, especially in developed economies. While the market has witnessed a slow pace of growth in emerging economies and less-developed countries so far, encouraging government policies and actions aimed at the improvement of healthcare infrastructure could lead to promising growth opportunities in these regions in the near future.

Business Intelligence (BI) platforms enable healthcare organizations to build applications that help them understand their processes and use technology to help ensure healthcare quality and control cost. BI platforms provide information delivery, integration, and analysis capabilities to healthcare organizations.

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The global healthcare BI platform market is segmented on the basis of function into clinical analytics, financial analytics, operational analytics and others (regulatory reporting, etc.). In 2014, the financial analytics segment dominated the healthcare BI platform market accounting for US$ 532.0 Mn in revenue. Financial analytics function of healthcare BI platforms fulfill the primary requirements of healthcare organizations by defining financial goals, developing business plans, and monitoring costs and revenue which drives its demand. However, clinical analytics is expected to be the fastest growing segment in the healthcare BI platform market over the forecast period. On the basis of deployment type, the healthcare BI platform market is segmented into on-premise and cloud. In 2014, the on-premise deployment segment dominated the global healthcare BI platform market in terms of revenue. 

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Mobile BI, cloud BI, self-service BI, and social BI are the trends observed in the healthcare BI platform market. Currently, financial analytics function is acting as a key driver for the growth of the healthcare BI platform market.

The healthcare BI platform market is expected to see strong growth during the forecast period as traditional systems are expected to be replaced by new technologically advanced systems in response to government regulations such as Affordable Care Act (2010). The increasing healthcare expenditure and hence the need to use technology for cost reduction, while keeping the quality care intact is boosting the healthcare BI platform market. Currently, North America dominates the global healthcare BI platform market in terms of revenue and it is expected to continue witnessing the highest growth over the forecast period.