- The key vendors in the Global Healthcare and Life Sciences ITO Market 2015-2019 are Accenture plc, Cognizant, Dell Inc., Hewlett-Packard (HP) Co. and IBM Corp.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Healthcare and Life Sciences ITO Market 2015-2019. One of the key trends emerging in this market is the high adoption of cloud-based services that reduce overall IT service costs. It helps healthcare providers to deploy business applications rapidly and increase focus on core business operations. The Global Healthcare and Life Sciences ITO market is expected grow at a CAGR of 8.60 percent during 2014-2019.
IT outsourcing by healthcare providers ranges from outsourcing of a few key application services to the outsourcing of the organization’s entire IT operations. With IT outsourcing, healthcare providers do not need to have dedicated IT staff on their payroll, and hence hiring and training costs are reduced. Moreover, IT outsourcing helps hospitals and clinics manage the complexities arising out of constant reforms in regulations. Therefore, to improve profitability and reduce costs, healthcare providers are increasingly adopting IT outsourcing.
“Advanced analytical tools are a significant factor in healthcare and life sciences data analytics solutions, helping healthcare organizations gain better insights from medical records of patients collected from different sources,” says Faisal Ghaus, Vice President of TechNavio Research.
“Organizations in the Healthcare and Life Sciences sector have started applying predictive and content analytics for clinical and operational insights.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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