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Healthcare Business Intelligence (BI) Market Includes Leading Role in Asia-Pacific
The global healthcare business intelligence (BI) market includes leading players such as IBM Corporation (U.S.), Information Builders (U.S.), Microsoft Corporation (U.S.), MicroStrategy (U.S.), Oracle Corporation (U.S.) Qlik Technologies, Inc. (U.S.), SAP AG (Germany), SAS Institute, Inc. (U.S.), TIBCO Software Inc. (U.S.), Tableau Software (U.S.), and other players such as Accenture (Ireland), Agilum Healthcare Intelligence (U.S.), CitiusTech (U.S.), Computer Sciences Corporation (U.S.), Dimensional Insight (U.S.), Hexaware Technologies Limited (India), Infosys (India), Jaspersoft (U.S.), Klipfolio Inc. (Canada), Perficient, Inc. (U.S.), Siemens Healthcare (Germany), Tata Consultancy Services (TCS) (India), Wipro Limited (India), among others.Majority of the companies in the healthcare BI market are from the U.S. with few players based in India and Canada.
Contracts, strategic alliances,agreements, partnerships and collaborations,new product/serviceslaunches/developments, acquisitions and mergers, expansions, and others are some of the major strategies adopted by players to achieve growth.Among all growth strategies being adopted by the market players in this field,new product launches, and developments accounted forthe largest share ofthe overall growth strategies mapped during the period 2011-2014 to leverage the healthcare BI market growth opportunities.Contracts, agreements, partnerships, collaborations, and strategic alliances accounted for the second largest share of overall growth strategies adopted by players in the market. In the software industry, building a long-term relationship with clients and entering into agreements is a revenue-generating process.Furthermore, players are adopted these strategies to enhance their research work for building innovative products and services and symbiotically utilize their expertise and manpower, thereby reducing costs. Some leading players adopting this strategy are Qlik Technologies, Inc. (U.S.), Information Builders, Inc. (U.S.), Microsoft Corporation (U.S.), Tableau Software (U.S.) Accenture PLC (Ireland) and SAS Institute, Inc. (U.S.), among others.
For many years, cloud BI was primarily the domain of startup vendors offering Software as a Service (SaaS) BI tools as alternatives to the traditional on-premises software sold by the BI market leaders. However, as this market is gaining huge traction increasing numbers of IT giants embrace the cloud computing and SaaS models as part of their business intelligence strategies. Some of the leading players in this market include SAS, Microsoft, MicroStrategy, Information Builders, Tableau Software, Qlik, Tibco, SAP, IBM, Oracle, Infosys, Birst Inc., among others. Also, to leverage the staggering growth of mobile BI, companies such as Information Builders, MicroStrategy, Yellofin, IBM, Qlik, Oracle, TIBCO Spotfire, Tableau Software, Klipfolio, Transpara, SAP, SAS, Microsoft, among others are competing to offer robust mobile BI solutions.
Healthcare Business Intelligence (BI) Market by Function (Reporting, OLAP, Monitoring), Application (Clinical & Financial), Technology (Traditional, Cloud, Mobile), End User (Hospitals, Clinics, ACO, HIE, Payers) - Trends & Global Forecasts to 2018
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