Healthcare Business Intelligence (BI) Market

IBM and Microsoft are leading players in Healthcare Business Intelligence Market

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. The growth of this market is mainly driven by the implementation of government initiatives to increase EHR adoption, growing adoption of data-driven decision-making, growing pressure to curb healthcare spending and improve patient outcomes, big data in healthcare, and the increasing number of patient registries.

The healthcare business intelligence market is highly competative in nature, with several big as well as emerging players vying for market shares. 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). These players have adopted various strategies, such as partnerships, agreements, collaborations, and product launches & enhancement to further expand their presence in the global healthcare business intelligence market. Product launches & enhancement have been the key growth strategies adopted during 2016 to 2018, by top players such as Microsoft (US), IBM (US), Oracle (US), SAP SE (Germany), SAS Institute Inc. (US), Tableau Software (US), MicroStrategy Incorporated (US), QlikTech International AB (US).

To know about the assumptions considered for the study download the pdf brochure

IBM is one of the leading player in the healthcare business intelligence market. The company’s R&D expenditure increased substantially in 2017 as compared to 2015. This significant investment in R&D is allowing the company to offer innovative solutions such as the Cognos Analytics platform in the market. With an aim to increase its footprint in various sectors, IBM has adopted inorganic growth strategies such as acquisitions, collaborations, and partnerships. For instance, IBM’s partnership with ServiceNow (in 2017) has helped the companies to provide intelligent workflows to their customers. IBM also has a vast partner ecosystem consisting of resellers, MSPs, alliance partners, embedded system partners, and distributors, who help the company deliver efficient and cost-effective solutions to its global customers.

Microsoft is among the key players in the healthcare business intelligence market. The company focuses on strengthening its R&D efforts to reinvent business productivity and build cloud platforms. It also provides its users with economical and convenient products that are integrated with the latest technological solutions and services. Microsoft’s strategy requires it to continuously invest in data centers and other infrastructure that support the latest devices and services. Also, the company invests a substantial amount of its annual revenue in R&D to offer powerful, flexible, secure, and easy-to-use solutions, which are available on a device or via the cloud. Microsoft mainly focuses on product innovation in the last three years, the company has launched 6 products in the healthcare BI market. The company also adopted inorganic strategies such as acquisitions and partnerships to improve its market share in the healthcare BI market. For instance, the acquisition of Solair, Metanautix, and Datazen has helped Microsoft to enhance its product portfolio and clientele. Also, in March 2018, the company partnered with BlackBerry (Canada) to offer enterprises a solution that integrates BlackBerry’s expertise in mobility and security with Microsoft’s unmatched cloud and productivity products. The company has a very strong partner ecosystem and distributes its offerings through service providers, distributors, OEMs, and cloud resellers.

Related Reports:

Healthcare Business Intelligence Market by Component (Platform, Software, Service), Function (OLAP, Performance Management), Application (RCM, Inventory, Strategy Analysis), Deployment Model (Cloud, Hybrid) & End User (Payer, Hospital) - Forecast to 2023

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
HIT 2471
RI Published ON
11/27/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Healthcare Business Intelligence (BI) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved