Australia Healthcare Business Intelligence Market Size & Outlook
Australia healthcare business intelligence market, 2014-2030 (US$M)
Related Markets
Australia healthcare business intelligence market highlights
- The Australia healthcare business intelligence market generated a revenue of USD 52.5 million in 2022 and is expected to reach USD 150.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 14.1% from 2023 to 2030.
- In terms of segment, software was the largest revenue generating product in 2022.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Healthcare business intelligence market data book summary
| Market revenue in 2022 | USD 52.5 million |
| Market revenue in 2030 | USD 150.6 million |
| Growth rate | 14.1% (CAGR from 2022 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2014 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Microsoft Corp, Oracle Corp, SAP SE, Salesforce Inc, Perficient Inc, Infor, Domo Inc, Sisense, TIBCO, Panorama Software |
Other key industry trends
- In terms of revenue, Australia accounted for 0.7% of the global healthcare business intelligence market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare business intelligence market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 747.0 million by 2030.
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Healthcare Business Intelligence Market Scope
Healthcare Business Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia healthcare business intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare business intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 72% in 2022. Horizon Databook has segmented the Australia healthcare business intelligence market based on software, services covering the revenue growth of each sub-segment from 2014 to 2030.
Rising penetration of mobile-based BI solutions coupled with rising need for efficient cost management are the key factors boosting the growth of healthcare BI market in the country. Furthermore, increasing usage of data analytics to store, analyze, and apply new insights from unstructured or raw data by healthcare organizations is propelling the market growth.
In addition, new data analytics tools used by healthcare sector to drive clinical and operational improvements is further anticipated to increase the demand for BI in the country. The increase in demand is one of the important factors for companies to enter into the Australian healthcare BI market.
In addition, many startups are developing their products in the country’s market, looking at the future growth opportunities. For instance, Prospection, an Australian company, provides BIenabled software for healthcare institutes and companies. Thus, such initiatives will help in growth of the market in the coming years. However, requirement of high investment with lack of flexibility can hamper the growth of healthcare BI market in future.
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Target buyers of Australia healthcare business intelligence market databook
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Our clientele includes a mix of healthcare business intelligence market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia healthcare business intelligence market, including forecasts for subscribers. This country databook contains high-level insights into Australia healthcare business intelligence market from 2014 to 2030, including revenue numbers, major trends, and company profiles.
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Australia healthcare business intelligence market size, by product, 2014-2030 (US$M)
Australia Healthcare Business Intelligence Market Share, 2022 & 2030 (US$M)
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