Big Data Spending in the Healthcare Industry

Technavio has published a new report on the global big data spending in the healthcare industry, which is expected to grow at a CAGR of about 42% from 2015-2019.

Big data spending in the healthcare industry market segmentation including category and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different categories such as services, software, and hardware.

Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.

“Technology megatrends such as cloud computing, social networking, and big data analytics have put forth a positive influence on smart mobile technologies. Healthcare organizations are leveraging mobile health technologies to reduce medical costs and help in effective remote patient monitoring, which is generating large volumes of data and thus boosting the use of big data analytics in the healthcare industry,” says Faisal Ghaus, Vice President of Technavio.

Big data spending: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global big data spending in the healthcare industry from 2015-2019. To calculate the market size, the report considers the revenue generated as a result of big data spending by the global healthcare sector.

Industry analysis includes:

• Key Vendors:
  • Dell
  • HP
  • IBM
  • SAP
• Market Growth Drivers:
  • Growing demand for better patient care and cost reductions
  • Need for digital transformation
• Market Challenges:
  • High complexity and cost
  • Data security and patient privacy concerns
• Market Trends:
  • Increased application of mobile technology
  • Synergy between big data and cloud computing

View the global big data spending in the healthcare industry report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the big data market:

• Global Big Data IT Spending in Financial Sector – Market Research 2015-2019
• Global Big Data Professional Services Market 2015-2019

If you are interested in more information, please contact our media team at media@technavio.com.