South Korea Healthcare Business Intelligence Market Size & Outlook
South Korea healthcare business intelligence market, 2014-2030 (US$M)
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South Korea healthcare business intelligence market highlights
- The South Korea healthcare business intelligence market generated a revenue of USD 94.0 million in 2022 and is expected to reach USD 268.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14% 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 94.0 million |
| Market revenue in 2030 | USD 268.7 million |
| Growth rate | 14% (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, South Korea accounted for 1.2% 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 |
|---|
South Korea 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 70.85% in 2022. Horizon Databook has segmented the South Korea healthcare business intelligence market based on software, services covering the revenue growth of each sub-segment from 2014 to 2030.
High dependency of healthcare organizations on digital technology to operate complex functions of the healthcare systems and the rising adoption of cloud-based healthcare BI solutions is boosting the demand of business intelligence, which is positively impacting the market growth.
Furthermore, increasing requirement of data visualization and predictive modelling tools by hospitals and other healthcare facilities to gain insights into patient care & satisfaction, clinical operations, physician practices, labor distribution, and administration & management, is increasing demand for healthcare BI among these end users.
In addition, looking at the surging demand, various companies are entering into the South Korean market. For instance, in 2019, Severance Hospital, one of the oldest South Korean university hospitals, signed an MoU with a South Korean startup, MediBloc, for devising a blockchain technology for the hospital, enabled with BI.
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Target buyers of South Korea 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 South Korea healthcare business intelligence market, including forecasts for subscribers. This country databook contains high-level insights into South Korea healthcare business intelligence market from 2014 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea healthcare business intelligence market size, by product, 2014-2030 (US$M)
South Korea Healthcare Business Intelligence Market Share, 2022 & 2030 (US$M)
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