In pursuit of building a competitive edge, stakeholders are actively upgrading their existing services to enhance their product portfolios and comply with the evolving industry benchmarks
In order to determine the relative competitiveness of big data service providers, we focused on several relevant parameters, such as company strength (in terms of years of experience of a company) and portfolio strength (in terms of number of offerings, type of big data analytics offered, type of big data storage solution offered, deployment option, number of application areas served and number of types of end user served).
The majority of the players are very large, followed by start-ups. It is worth noting that the market in North America is dominated by established players and new entrants. Further, according to our proprietary scoring criteria, Oracle emerged as the most competent player (in terms of portfolio strength) among the big data in healthcare service providers based in North America.
The big data in healthcare market is anticipated to grow at a healthy pace, till 2035. The different driving factors for the big data in healthcare market include the growing volume of healthcare data arising from various sources including patient health records, medical imaging, genomic sequencing, pharmaceutical research, wearables, and medical devices. Our estimates suggest that currently, the maximum revenue generated in this domain is likely to be driven by the hardware segment; this trend is likely to change in the foreseen future, as software is expected to lead the market in future.
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Roots Analysis is a global research and consulting powerhouse specializing in Healthcare, Pharmaceutical, Biotech, Semiconductors, Chemicals and ICT industry. With over a decade of experience, they’ve supported more than 750 clients — spanning Fortune 500 companies, innovative startups, academic institutions, VCs, and strategic investors.
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