Digital Transformation Healthcare Market is estimated to grow at a CAGR of 5.2% through the forecast period 2021 to 2027
SUMMERY:
Market Research Future published a research report on “Digital
Transformation Healthcare Market Research Report- Global Forecast 2027” –
Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market
Highlights:
The Global
Digital Transformation in Healthcare Market is expected to register a CAGR
of 14.5% during the forecast period of 2019–2024. There are various factors
contributing to the growth of digital transformation in healthcare, such as,
the increasing requirement for a secured path among health organizations,
hospitals, clinics doctors, companies and others for information sharing, which
has become convenient with the advent of digital transformation. Moreover, the
increasing generation of data by pharmaceutical companies, hospitals, medical
research organization has also led to market growth. There are various benefits
of digital transformation in healthcare; for instance, it protects private,
public and other critical information with the help of integration of
cybersecurity solutions. Additionally, AI is currently being used in the
detection of diseases such as breast cancer with more accuracy and precision at
its early stage as compared to traditional mammograms. According to the
American Cancer Society, AI is capable of providing 30 times faster results
with 99% accuracy which reduces the need for unnecessary biopsies.
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Key
Players
MRFR recognizes the
key players in the global digital transformation in healthcare market as as IBM
Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Dell EMC (US),
Google LLC (US), Accenture PLC (Ireland), CA Technologies (US), Cognizant (US),
Adobe Systems (US), Oracle Corporation (US), Hewlett Packard Enterprise (US),
HCL Technologies (India), TIBCO Software (US), Marlabs (US), Equinix (US) among
other.
The prominent
players keep innovating and investing in research and development to present a
cost-effective product portfolio. There has been recent mergers and
acquisitions among the key players, a strategy the business entities emphasize
strengthening their reach to the customers.
Key
Segments
The global digital
transformation market has been segmented based on component, organization size,
technology, bussiness fuction,end-user and region.
By component, the
market has been segmented into hardware, software, and services.
By organization
size, the market has been segmented into large enterprises and SMEs.
By technology, the
market has been segmented into artificial intelligence (AI), cloud computing,
big data & analytics, and internet of things (IoT).
By Business
Function, the market has been segmented into customer transformation, workforce
transformation, operational transformation, and product transformation
By end-user, the
market has been segmented into hospitals, pharmaceutical companies, and clinics
and laboratories.
By region, the
market has been segmented into North America, Europe, Asia-Pacific, and the
rest of the world.
Regional
Analysis
The global digital
transformation in the healthcare market is estimated to grow at a significant
rate in the future. The geographical analysis of digital transformation in the
healthcare market has been conducted for North America, Europe, Asia-Pacific,
and the rest of the world.
North America
dominates the global digital transformation in the healthcare market, by
region, due to the early adoption of the digital transformation across
healthcare industry. and increasing requirement of these solutions for securing
the authenticated information. Additionally, the increasing online tractions
among the healthcare enterprises and users is also increasing in the region
also drives the growth of the market. The market in North America has been
further segmented based on countries into the US, Canada, and Mexico. The US
holds the largest market share in North America, followed by Canada and Mexico.
The US dominates in the region due to the presence of various key vendors such
as IBM Corporation, Microsoft Corporation, Dell EMC and others.
The Europe is has
the second largest market share in digital transformation due to presence of
various countries such as UK, Germany, France, Italy, Norway, and others which
are adoting new technologies such AI, IoT technology, analytics in healthcare
and other technology and solution for to
improve their healthcare facilities, which leads to fuel the market growth.
Moreover,
Asia-Pacific is considered to be the fastest-growing region due to the rapid
adoption of digitalization in the region by developing economies such as India,
China, South Korea, and others. The increasing adoption of digital technologies
such as AI, AR, VR, blockchain, and others in the region is also considered to
drive the market. Moreover, various healthcare companies are using cloud
computing to secure and share their data securely. Moreover, the government is
also investing in digital transformation of various countries, which eventually
is expected to fuel the growth of the market.
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Report Details @ https://www.marketresearchfuture.com/reports/digital-transformation-healthcare-market-8187
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