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Business Intelligence Market in the Healthcare Sector by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 140
  • SKU: IRTNTR73573
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The business intelligence market share in the healthcare sector is estimated to increase to USD 8.15 billion from 2021 to 2026 at an accelerating CAGR of 16.36%.

This market research report extensively covers the business intelligence market in the healthcare sector segmentations by the following:

  • Deployment - On-premises and cloud-based
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The business intelligence market in the healthcare sector report offers information on several market vendors, including 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 among others. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Business Intelligence Market Size in the Healthcare Sector be During the Forecast Period?

Business Intelligence Market Size

Download the Free Report Sample to Unlock the Business Intelligence Market Size in the Healthcare Sector for the Forecast Period and Other Important Statistics

 

Business Intelligence Market in the Healthcare Sector: Key Drivers, Trends, and Challenges

The improved efficiency of BI tools is notably driving the business intelligence market growth in the healthcare sector, although factors such as the presence of open-source BI vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the business intelligence industry in the healthcare sector. the holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Business intelligence Market Driver in the Healthcare Sector

One of the key drivers supporting the healthcare business intelligence market growth is the improved efficiency of BI tools. BI tools provide real-time information that can help end-users to avoid process delays and centralize their management to improve market response and decision-making. They help hospitals and other end-users to transform raw sales consistently and efficiently, service, marketing, and patient data into useful information. Moreover, within the healthcare sector, business intelligence has a wide range of applications, such as the analysis of social media conversations, fraud detection, management information systems, and disease diagnosis. The use of business intelligence in the healthcare sector helps the stakeholders in tracking health records regarding the treatment and medications of patients in real-time and storing the information. Thus, the improved efficiency will drive the healthcare business intelligence market growth during the forecast period.

Key Business intelligence Market Trend in the Healthcare Sector

One of the key healthcare BI market trends fueling market growth is the increasing use of predictive analytics and artificial intelligence in healthcare. Predictive analytics are being used by clinicians, finance departments, human resources, and almost every team within a healthcare organization. The increasingly invasive presence of predictive analytics in a host of healthcare applications yields more personalized patient care, earlier interventions of diseases, and reduced hospital costs. Predictive analytics in healthcare provides benefits mainly in clinical care, administrative tasks, and operational management. Such advantages of predictive analytics in the healthcare sector will propel the healthcare BI market growth during the forecast period.

Key Business intelligence Market Challenge in the Healthcare Sector

One of the key factors challenging the business intelligence market growth in the healthcare sector is the presence of open-source BI vendors. Primarily, the market has many open-source vendors that provide a range of BI tools and applications. Vendors like Pentaho, BIRT, SpagoBI, KNIME, and JasperReport are providing BI solutions for free. Significantly, a combination of multiple products from various open-source vendors can provide almost all the functionalities provided by on-premises or on-demand BI software. Also, open-source vendors provide features such as query, reporting, analysis, advanced analytics, and data warehouse generation platforms. Such offerings will challenge the healthcare business intelligence market growth during the forecast period.

This healthcare BI market in the healthcare sector analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. the actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global business intelligence market in the healthcare sector as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the business intelligence market in the healthcare sector during the forecast period.

Who are the Major Business intelligence Market Vendors in the Healthcare Sector?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Board International SA

 

This statistical study of the business intelligence market in the healthcare sector encompasses successful business strategies deployed by the key vendors. the business intelligence market in the healthcare sector is concentrated and the vendors are deploying growth strategies such as technological innovations and partnerships to compete in the market.

Product Insights and News

  • Oracle.com - The company offers healthcare business intelligence solutions namely Cognos Analytics.
  • Sap.com - The company offers healthcare business intelligence solutions namely Power BI.
  • Sisense.com - The company offers healthcare business intelligence solutions to visualize data and perform location-based analytics.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare BI market forecast report offers in-depth insights into key vendor profiles. the profiles include information on the production, sustainability, and prospects of the leading companies.

Business Intelligence Market in the Healthcare Sector Value Chain Analysis

Our report provides extensive information on the value chain analysis for the healthcare BI market, which vendors can leverage to gain a competitive advantage during the forecast period. the end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. the data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Business Intelligence Market in the Healthcare Sector?

Business Intelligence Market Market segmentation by region

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33% of the market's growth will originate from North America during the forecast period. The US is the key market for the healthcare business intelligence (BI) market in North America. Market growth in this region will be faster than the growth of the market in North America.

Electronic health records (EHRs) have an increased presence in the US and Canada, which will facilitate the healthcare business intelligence (BI) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Deployment Segments in the Business intelligence Market in the Healthcare Sector?

Business Intelligence Market Segmentation

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The business intelligence market share growth in the healthcare sector by the on-premises segment will be significant during the forecast period. In the on-premises deployment model, data can be accessed only through dedicated client servers, whereas in the cloud-based deployment model, data can be accessed through multiple points. This makes the data stored on the cloud prone to security breaches. Large healthcare organizations that deal with critical patient information prefer on-premises healthcare information software solutions, as they provide an optimum level of data security with physical access controls and security protocols. These advantages of using the on-premises deployment model will drive the healthcare business intelligence (BI) market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare business intelligence (BI) market size and actionable market insights on post COVID-19 impact on each segment.

 

Business intelligence Market Scope in the Healthcare Sector

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.36%

Market growth 2022-2026

$ 8.15 billion

Market structure

Concentrated

YoY growth (%)

14.92

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Business Intelligence Market in the Healthcare Sector Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive business intelligence market growth in the healthcare sector during the next five years
  • Precise estimation of the business intelligence market size in the healthcare sector and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • the growth of the business intelligence industry in the healthcare sector across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of business intelligence market vendors in the healthcare sector 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Deployment

    • 5.1 Market segments
      • Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
    • 5.2 Comparison by Deployment
      • Exhibit 26: Chart on Comparison by Deployment
      • Exhibit 27: Data Table on Comparison by Deployment
    • 5.3 On premises - Market size and forecast 2021-2026
      • Exhibit 28: Chart on On premises - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on On premises - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on On premises - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on On premises - Year-over-year growth 2021-2026 (%)
    • 5.4 Cloud based - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Cloud based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Cloud based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Cloud based - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Cloud based - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Deployment
      • Exhibit 36: Market opportunity by Deployment ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 International Business Machines Corp.
              • Exhibit 89: International Business Machines Corp. - Overview
              • Exhibit 90: International Business Machines Corp. - Business segments
              • Exhibit 91: International Business Machines Corp. - Key offerings
              • Exhibit 92: International Business Machines Corp. - Segment focus
            • 10.4 Microsoft Corp.
              • Exhibit 93: Microsoft Corp. - Overview
              • Exhibit 94: Microsoft Corp. - Business segments
              • Exhibit 95: Microsoft Corp. - Key news
              • Exhibit 96: Microsoft Corp. - Key offerings
              • Exhibit 97: Microsoft Corp. - Segment focus
            • 10.5 MicroStrategy Inc.
              • Exhibit 98: MicroStrategy Inc. - Overview
              • Exhibit 99: MicroStrategy Inc. - Product / Service
              • Exhibit 100: MicroStrategy Inc. - Key offerings
            • 10.6 Oracle Corp.
              • Exhibit 101: Oracle Corp. - Overview
              • Exhibit 102: Oracle Corp. - Business segments
              • Exhibit 103: Oracle Corp. - Key news
              • Exhibit 104: Oracle Corp. - Key offerings
              • Exhibit 105: Oracle Corp. - Segment focus
            • 10.7 QlikTech international AB
              • Exhibit 106: QlikTech international AB - Overview
              • Exhibit 107: QlikTech international AB - Product / Service
              • Exhibit 108: QlikTech international AB - Key offerings
            • 10.8 Salesforce.com Inc.
              • Exhibit 109: Salesforce.com Inc. - Overview
              • Exhibit 110: Salesforce.com Inc. - Product / Service
              • Exhibit 111: Salesforce.com Inc. - Key news
              • Exhibit 112: Salesforce.com Inc. - Key offerings
            • 10.9 SAP SE
              • Exhibit 113: SAP SE - Overview
              • Exhibit 114: SAP SE - Business segments
              • Exhibit 115: SAP SE - Key news
              • Exhibit 116: SAP SE - Key offerings
              • Exhibit 117: SAP SE - Segment focus
            • 10.10 SAS Institute Inc.
              • Exhibit 118: SAS Institute Inc. - Overview
              • Exhibit 119: SAS Institute Inc. - Product / Service
              • Exhibit 120: SAS Institute Inc. - Key news
              • Exhibit 121: SAS Institute Inc. - Key offerings
            • 10.11 Sisense Inc.
              • Exhibit 122: Sisense Inc. - Overview
              • Exhibit 123: Sisense Inc. - Product / Service
              • Exhibit 124: Sisense Inc. - Key offerings
            • 10.12 TIBCO Software Inc.
              • Exhibit 125: TIBCO Software Inc. - Overview
              • Exhibit 126: TIBCO Software Inc. - Product / Service
              • Exhibit 127: TIBCO Software Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations
              • prevention and transactional security: This includes software that specifically guards financial transactions through multiple authentication and encryption functions, as well as monitor suspicious activity in the transaction process to identify potentially fraudulent behavior. o
                • software: Tools that enable enterprises to encrypt endpoint devices, removable media, systems, and data on-premises and in the cloud o
                  • in IT budget

                    Research Framework

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    TechnavioINFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases
                    Technavio

                    TechnavioDATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts
                    Technavio

                    TechnavioREPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape
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                    Business Intelligence Market in the Healthcare Sector market growth will increase by $8.15 bn during 2022-2026.
                    The business intelligence market in the healthcare sector market is expected to grow at a CAGR of 16.36% during 2022-2026.
                    Technavio has segmented the business intelligence market in the healthcare sector market by deployment (On premises and Cloud based) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                    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., Board International SA are a few of the key vendors in the business intelligence market in the healthcare sector market.
                    North America will register the highest growth rate of 33% among the other regions. Therefore, the business intelligence market in the healthcare sector market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                    The key factors driving the business intelligence market in the healthcare sector market growth are:
                    • Improved efficiency of BI tools
                    • Increasing use of predictive analytics and artificial intelligence in healthcare
                    The business intelligence market in the healthcare sector market vendors should focus on grabbing business opportunities from the on premises segment as it accounted for the largest market share in the base year.
                    • What are the key global market and the regional market share?
                    • What are the revenue-generating key market segments?
                    • What are the key factors driving and challenging this market’s growth?
                    • Who are the key market vendors and their growth strategies?
                    • What are the latest trends influencing the growth of this market?
                    • What are the variables influencing the market growth in the primary regions?
                    • What are the factors influencing the growth of the parent market?
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