This report segments the business intelligence market in the healthcare sector by deployment (on premises and cloud based) and geography (North America, Europe, APAC, South America, and Middle East and Africa)
NEW YORK, Oct. 31, 2022 /PRNewswire/ — The global business intelligence market in the healthcare sector has been categorized as a part of the global systems software market. The global systems software market covers organizations that are engaged in developing application development and management software, cloud computing software, data center and hosting software, IT management software, mobility software, networking software, security software, and storage software.
The business intelligence market size in the healthcare sector is expected to increase by USD 8.15 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 16.36% during the forecast period.
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Business Intelligence Market in the Healthcare Sector: Market Segmentation
By deployment, the on-premises segment will be a significant contributor to market growth during the forecast period. On-premises healthcare information software solutions provide the optimum level of data security with physical access controls and security protocols, which will drive the growth of this segment during the forecast period.
By geography, North America is expected to occupy 33% of the market growth during the forecast period. The growth of the market can be attributed to factors such as the increased presence of electronic health records (EHRs) in the US and Canada.
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Business Intelligence Market in the Healthcare Sector: Major Growth Drivers
The improved efficiency of business intelligence tools is driving the market growth. These tools provide real-time information that can help end-users avoid process delays and centralize their management. Business intelligence has various applications in the healthcare sector, such as the analysis of social media conversations, management information systems, fraud detection, and disease diagnosis. The use of business intelligence helps stakeholders in tracking health records regarding treatment and medications. Thus, the improved efficiency will fuel the healthcare business intelligence market growth during the forecast period.
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Business Intelligence Market in the Healthcare Sector: Key Vendor Offerings
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Oracle Corp. – The company offers a healthcare business intelligence solution named Cognos Analytics.
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SAP SE – The company offers a healthcare business intelligence solution named Power BI.
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Sisense inc. – The company offers healthcare business intelligence solutions to visualize data and perform location-based analytics.
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MicroStrategy inc. – The company offers a healthcare business intelligence solution named Oracle Business Intelligence.
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QlikTech International AB – The company offers healthcare business intelligence solutions to improve patient outcomes with better clinical intelligence.
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Business Intelligence Market in the Healthcare Sector: Reasons to Buy Our Report
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CAGR of the market during the forecast period 2022-2026
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Detailed information on factors that will assist the business intelligence market growth in the healthcare sector during the next five years
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Estimation of the business intelligence market size in the healthcare sector and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the business intelligence market in the healthcare sector across North America, Europe, APAC, South America, and the Middle East and Africa
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of the business intelligence market vendors in the healthcare sector
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Business Intelligence Market In The Healthcare Sector Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.36% |
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Market growth 2022-2026 |
USD 8.15 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
14.92 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Sisense Inc., MicroStrategy Inc., QlikTech International AB, SAS Institute Inc., Salesforce.com Inc., TIBCO Software Inc., Syncfusion Inc., Idera Inc., and Board International SA |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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