According to the research report titled ‘Global Big Data Analytics in Healthcare Market 2019-2028’, available with Market Study Report, global big data analytics in healthcare market is projected to register a y-o-y growth rate of 23.35% during 2019-2028.
 

Increasing adoption of cloud analytics and augmented use of health wearables are the major factors driving global big data analytics in healthcare market growth. Advancements in e-health/telehealth solutions along with favorable government policies to promote use of big data are further augmenting the industry growth.
 

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However, presence of large amounts of unstructured data in the healthcare sector and lack of interoperability among big data sources are likely to limit the industry development. Furthermore, dearth of skilled professionals and increasing privacy concerns may also arrest the expansion of the industry over the analysis period.
 

Based on offering, the industry is segmented into software and services. Speaking of the deployment, the marketplace is divided into on-premise and cloud. On the basis of analytics type, the industry space is classified into descriptive analytics, prescriptive analytics, predictive analytics, and diagnostic analytics among others.
 

Moving on to the end user spectrum of global big data analytics in healthcare market, the segmentation comprises hospitals & clinics, research organizations, and finance & research agencies including others. Meanwhile, the application range includes clinical analytics, operational analytics, and financial analytics segments.
 

Considering the geographical analysis, Europe market is anticipated to showcase remunerative growth over the estimated timeline, owing to increasing demand for advanced insights into pattern recognition in healthcare. Moreover, major players in the region are targeting end users like research centers, hospitals and related organizations to offer big data solutions, which will also generate lucrative prospects for business expansion in the upcoming years.
 

Prominent players influencing the worldwide big data analytics in healthcare industry trends are Tableau Software Inc., Siemens Healthcare Private Limited, SAS Institute Inc., SAP SE, Premier Inc., Koninklijke Philips N.V., Oracle Corporation, McKesson Corporation, International Business Machines Corporation (IBM), Health Catalyst Inc., General Electric Company, eClinicalWorks, Epic Systems Corporation, Dell Technologies Inc., Computer Programs and Systems Inc., Cognizant Technology Solutions Corp., Cerner Corporation, Allscripts Healthcare LLC, and Aetna Inc.