Pune, India -- (SBWIRE) -- 01/30/2019 -- Big Data technology is fast becoming a substance for digital transformation across industries, and Healthcare is no exception. In fact, the healthcare industry, maybe more than any other, is on the brink of a major transformation through the use of advanced analytics and big data technologies. In Healthcare, medical records and continuous monitoring & research produce quantifiable data in droves, making it a prime industry for this application. The global big data in healthcare market amounted to $11.45 billion in 2019 and is expected to witness a double-digit growth throughout the forecast period of 2019-2025. Health data has been increasing at unparalleled rates, driven by fall in storage costs, emergence of cloud storage, growing regulatory mandates and the increasing administration initiatives to indorse adoption of healthcare info schemes.

The research study is a gathering of various divisions including the market breakdown by components and services, by request, and by region. This report provides a full market analysis and forecast of hardware, software and services, and narrow, descriptive and prognostic analytics services. It also includes analysis of requests of big data for clinical analytics, financial analytics, and working analytics.

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Key players:
The Global Big Data in Healthcare Market is dominated by key players such as McKesson Corporation, Cognizant Technology Solutions Corporation, Epic System Corporation, Cerner Corporation, Dell Inc., GE Healthcare.
Factors driving the growth of big data analytics in healthcare market include significant increase in demand for financial analytics in healthcare, surge in demand for exploring structured and unstructured data present in the healthcare industry. The application uses sophisticated software technology such as specialized billing process and knowledge, to keep a track of various claims processed, and the amount of revenue collected from different segments.

The research report further presents a study of the current status of the key geographical segments of the global market for Global Big Data in Healthcare Market that are Europe, South East Asia, the United States, Japan, China, Latin America, The Middle East & Africa, and India. A number of market parameters, such as the production volume, product pricing, demand and supply dynamics, utilization capacity, revenue, and the growth rate of this market in each region have been taken into consideration while preparing this study.

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The market has been analyzed based on various micro and macro trends influencing it. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, industry attractiveness, market share analysis, and competitive benchmarking within the global big data in the healthcare market.

The research study is a compilation of various segmentations including the market breakdown by components and services, by application, and by region. This report provides a detailed market analysis and forecast of hardware, software and services, and prescriptive, descriptive and predictive analytics services. The report also examines the role of the leading market players involved in the industry. The company profiles section highlights significant information about the key companies, such as their product portfolio, financial positions, and the SWOT analysis of these players.

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