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The global healthcare business intelligence (BI) market was valued at USD 5 billion in 2019 and is projected to reach over USD 12 billion by 2026, expanding at a CAGR of more than 13% during the forecast period, 2020u20132026. The growth of the market is attributed to the rising need to improve the overall business workflow in healthcare worldwide.
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Global Healthcare Business Intelligence (BI) Market by Product Types, Functions, Deployments, End-users, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026. Report By
The globalhealthcare business intelligence (BI) market was valued at USD 5 billion in 2019 and is projected to reach over USD 12 billion by 2026, expanding at a CAGR of more than 13% during the forecast period, 2020–2026. The growth of the market is attributed to the rising need to improve the overall business workflow in healthcare worldwide. Request for sample@https://dataintelo.com/request-sample/?reportId=92192 Business knowledge (BI) is an innovation driven procedure wherein, a wide scope of devices, applications, techniques, and advances are utilized by associations to gather information from both inside and outside sources, orchestrate it for investigation, create and run queries against the data. BI technologies offer historical, current, and future perspectives on business activities to the administrators, supervisors, and other corporate end clients so as to help with settling on better-educated business choices. Healthcare business intelligence is the conglomeration, investigation, and utilization of clinical, monetary, operational, and non-conventional information captured from inner and outer sources of the healthcare settings to settle on viable decision making.
Market Trends, Drivers, Restraints, and Opportunities: • Growing adoption of big data in the healthcare industry is driving the growth of the market. • Increasing number of patient registries is a favorable factor driving the market growth. • Expanding appropriation of data-driven decision-making is also a key factor driving the growth of the market. • Rising cost of implementation for the healthcare BI projects is acting as a restraint for the growth of the market. • Increasing cyber security concerns due large surface area of the network is a restraint in the market growth. • Rising number of compliances to various regulatory frameworks globally is a restraint for the growth of the market. • The unexplored markets of emerging economies and the use of latest technologies are opportunities for the market growth.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=92192 Competitive Landscape: Some of the other key players operating in the market include Oracle Corporation, SAP SE, Microsoft Corporation, Salesforce.com Inc., Tableau Software Inc., TIBCO Software Inc., Sisense Inc., Domo Inc., Looker Data Sciences Inc., and Infor Inc. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=92192
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