Press Release Content:
Market Research Future (MRFR) announces the publication of its half-cooked research report—global digital transformation in healthcare market 2018–2024.
The global digital transformation in the healthcare market has been segmented based on component, organization size, technology, business function, and end-user.
Digital transformation in healthcare can be referred to as a combination of various technologies which are transforming the functionality of healthcare systems, with the help of internet. Additionally, the increasing number of smartphones and tablet users across the globe and growing need for remote patient monitoring services is considerably driving digital transformation in the healthcare sector. Additionally, the government initiative towards digital health solutions and increasing demand for healthcare information systems are also contributing to the growth of the market. However, the increasing frequency of security breaches and cyberattacks is hampering the growth of the market.
According to Market Research Future, the global digital transformation in the healthcare has been segmented based on component, organization size, technology, business function, end-user, and region.
By component, the digital transformation in the healthcare market has been segmented into hardware, software, and services. The hardware segment accounts the largest market share due to increasing adoption of IoT devices, networks, storage devices, and other communication devices, whereas the software segment is expected to be the fastest-growing market during the forecast period, due to increasing automation and analytics used by the healthcare industry.
By organization size, the market has been segmented into large enterprises and SMEs. The large enterprises dominate the segment as these generate a large amount of data, which are shared and stored on the cloud. The adoption of cloud services by large enterprises is increasing due to their capability to offer large storage space and reduce the risk of data breaches. Moreover, the increasing automation and requirement of new digital strategies is also fueling the growth of the large enterprises segment. Moreover, the investment capacity of large organizations also plays a vital role to have a hold on the market share. However, SMEs is expected to be the fastest-growing segment during the forecast period due to increasing awareness of digital solution, technology and their benefits among the small companies.
Based on technology, the market has been segmented into artificial intelligence (AI), cloud computing, big data & analytics, and internet of things (IoT). The cloud computing segment dominated the market in 2018 due to the rapidly increasing adoption of cloud services in healthcare. However, AI is expected to be the fastest-growing market due to the widening application scope of this technology in healthcare for the detection of diseases, robotic surgeries, and others.
The prominent players in the market of global digital transformation in healthcare are 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 others.
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