Future of Business Intelligence Market in Healthcare Industry
The healthcare business intelligence market is expected to reach USD 8.9 billion by 2023 from USD 4.4 billion in 2018, at a CAGR of 15.3% during the forecast period.
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The market is highly competitive in nature, with several big as well as emerging players. Prominent players in this market include Microsoft (US), IBM (US), Oracle (US), SAP SE (Germany), SAS Institute Inc. (US), Tableau Software (US), MicroStrategy Incorporated (US), QlikTech International AB (US), Information Builders (US), Sisense Inc. (US), Yellowfin BI (Australia), and BOARD International (Switzerland).
IBM is one of the key players in the healthcare BI market and provides a comprehensive range of solutions for this market. IBM is an innovation-centric company; its R&D expenditure has increased substantially in 2017 as compared to 2015. In 2017, it invested 7.3% of its annual revenue in R&D activities. This significant investment allows the company to offer innovative solutions by adopting new product launches. With an aim to increase its footprint in various sectors, IBM has adopted inorganic strategies, such as acquisitions, collaborations, and partnerships.
Recent Developments
- In 2018, Oracle acquired Zenedge (US) to secure critical IT systems deployed via cloud, on-premise, or hybrid hosting environments with the help of Zenedge.
- In 2018, SAS entered into an agreement with Deloitte (Canada) to support their existing strategic alliance that will leverage their combined expertise to introduce lower-risk and higher-quality outcomes in the insurance marketplace.
- In 2017, Microsoft partnered with SAP SE (Germany) to drive more business innovation in the cloud and provide joint support services to ensure the best cloud experience for customers.
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List of Tables (150 Tables)
Table 1 Healthcare Business Intelligence Market, By Component, 2016–2023 (USD Million)
Table 2 Healthcare Business Intelligence Platforms Market, By Region, 2016–2023 (USD Million)
Table 3 Healthcare Business Intelligence Software Market, By Region, 2016–2023 (USD Million)
Table 4 Healthcare Business Intelligence Services Market, By Region, 2016–2023 (USD Million)
Table 5 Healthcare Business Intelligence Market, By Function, 2016–2023 (USD Million)
Table 6 Healthcare Business Intelligence Olap and Visualization Market, By Region, 2016–2023 (USD Million)
Table 7 Healthcare Business Intelligence Performance Management Market, By Region, 2016–2023 (USD Million)
Table 8 Healthcare Business Intelligence Query and Reporting Market, By Region, 2016–2023 (USD Million)
Table 9 Healthcare Business Intelligence Market, By Application, 2016–2023 (USD Million)
Table 10 Healthcare Business Intelligence Market for Financial Analysis Applications, By Type, 2016–2023 (USD Million)