LONDON--(BUSINESS WIRE)--Technavio projects the global big data spending market in the healthcare sector to post a CAGR of more than 12% during the forecast period. The need to improve business efficiency will be a key driver to impact growth during 2018-2022.
The increasing use of connected devices in the healthcare sector has led to massive data generation. Businesses have realized that they can use this data to optimize costs, deliver better services, and boost revenue. The use of big data solutions and predictive asset maintenance would enable healthcare organizations to prepare for upcoming disasters, reduce traffic at hospitals and eliminate system breakdowns.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the increasing use of big data analytics in healthcare as one of the key emerging trends to drive the global big data spending market in the healthcare sector:
Increasing use of big data analytics in healthcare
The global healthcare industry is growing due to the presence of skilled healthcare professionals and doctors and the availability of low-cost treatments in APAC. The global medical tourism market is expected to be valued at around USD 8 billion by 2020.
According to a senior analyst at Technavio for IT spending research, “These tools help doctors in decision-making processes by clubbing medical data into electronic dashboards. They also help reduce administrative costs by enabling information sharing with different departments to prevent unauthorized transactions of medical billings. In addition, big data analytics tools help in the diagnosis of complex diseases.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global big data spending market in the healthcare sector by end-users (hospitals and clinics, finance and insurance agencies, and research organizations) and key regions (the Americas, APAC, and EMEA).
In 2017, the global big data spending market in the healthcare sector was dominated by the Americas with a revenue share of close to 67% followed by EMEA and APAC respectively. APAC is expected to witness the maximum increase in its market share over the forecast period.
|
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
OR
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
|
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
