India Healthcare Business Intelligence Market Size & Outlook
India healthcare business intelligence market, 2014-2030 (US$M)
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India healthcare business intelligence market highlights
- The India healthcare business intelligence market generated a revenue of USD 196.5 million in 2022 and is expected to reach USD 596.1 million by 2030.
- The India market is expected to grow at a CAGR of 14.9% 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 196.5 million |
| Market revenue in 2030 | USD 596.1 million |
| Growth rate | 14.9% (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, India accounted for 2.5% 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 |
|---|
India 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 72.01% in 2022. Horizon Databook has segmented the India healthcare business intelligence market based on software, services covering the revenue growth of each sub-segment from 2014 to 2030.
Increasing demand for user-friendly, cost-effective technology coupled with rising demand for advanced BI solutions in healthcare to support decision-making is boosting the adoption of business intelligence tools in the country. This has paved way for multiple business opportunities and the rising demand will further fuel the growth of the market in India.
Furthermore, rising usage of cloud computing among healthcare providers to manage the revenue cycle and enhance patient care is driving the market growth. This has led to increase in number of companies entering into the Indian healthcare BI market.
For instance, in 2018, Persistent Systems, an Indian company, acquired Herald Health, a company providing business intelligence platforms for healthcare systems. This acquisition explains the increasing interest of companies to expand their foothold in the healthcare BI market of the country.
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Target buyers of India 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 India healthcare business intelligence market, including forecasts for subscribers. This country databook contains high-level insights into India healthcare business intelligence market from 2014 to 2030, including revenue numbers, major trends, and company profiles.
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India healthcare business intelligence market size, by product, 2014-2030 (US$M)
India Healthcare Business Intelligence Market Share, 2022 & 2030 (US$M)
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