Big data in healthcare market revenue is expected to grow at lucrative rate over the forecast period primarily due to increased digitalization in industrial process. Digitization is transforming industrial processes, functions, products, and services. Advent of e-commerce has resulted in a sudden spurt in data being generated by various companies. Also, with decades of research and development activities across the healthcare industry, there is a large amount of data, referred to as ‘big data’, piled up with host organizations.
Global Big Data Analytics In Healthcare Market Overview
Big Data analytics in healthcare is the complex process of examining Big Data to discover information that includes hidden patterns, market trends, unknown correlations, and customer preferences, helping organizations make informed clinical and business decisions. The increase in demand for Big Data solutions for population health management and the rise in the need for business intelligence for the optimization of health administration and strategy is expected to boost the growth of the market.
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Key Developments
Key players in the market are focused on partnering with various governments to launch big-data healthcare services. For instance, in August 2019, KT Corporation, a South Korea-based telecommunication provider, launched the Global Epidemic Prevention Platform (GEPP) in Ghana, in collaboration with the Ghana Health Service (GHS), a Ghanaian government body.
Key Players
The major players in the market are Allscripts, Cerner Corporation, Dell EMC, Epic System Corporation, GE Healthcare, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Optum, and Oracle Corporation.
Segmentation
Big Data in Healthcare Market, by Analytics Type
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- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- by Application
- Clinical Analytics
- Financial Analytics
- Operational and Administrative Analytics
- Population Health Analytics
- by Delivery Model
- On-premise
- On-demand
- by End User
- Payers
- Providers
- Third party care organizations
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