Business Software Industry: Emerging Technologies, Trends and Strategies

 

 

Global business software industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The global business software market was estimated at USD 71.11 billion in 2022 and is anticipated to increase at a CAGR of 11.3% from 2023 to 2030.

 

Event Management Software Market Growth & Trends

 

The global event management software market size was valued at USD 6.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030. The market growth can be attributed to the managed professional service providers' steadily increasing popularity for professional event management that simultaneously manages security concerns. Additionally, the demand for event management software has been boosted by expanding cultural events such as social gatherings, charity events, and fundraising activities, including those planned by SMEs for marketing purposes. For instance, in June 2022, Stova acquired Eventcore, an event registration service provider. Through this acquisition, Stova was positioned as the leading event platform for providing advanced and memorable experiences throughout the full event lifecycle. With the capacity to carry out complicated registration, including Eventcore in the Stova brand portfolio will strengthen the company's robust event management solution and reinforce the company's commitment to offering customers end-to-end solutions.

 

Advanced analytics, a broad framework of insightful technologies and methodologies designed to help find patterns and trends, find solutions, precisely predict the future, and drive innovation through data-driven and fact-based information, is being used by manufacturers in the management software industry. This trend is gaining traction in the current market and is fostering the growth of the event management software market. Furthermore, the usage of cloud-based event management software is growing. This solution allows experts to leverage their expertise by incorporating reliable connectivity features through apps. These factors are expected to boost the adoption of event management software.

 

ERP Software Market Growth & Trends

 

The global ERP software market size was valued at USD 54.76 billion in 2022 and is expected to expand at a CAGR of 11.0% from 2023 to 2030. Increasing demand to streamline business processes with a single integrated solution, reducing turnaround time, and enhancing customer satisfaction by seamlessly integrating with customer relationship management (CRM) software is expected to drive the demand for ERP software solutions. For instance, in September 2022, Ramco Systems, an ERP software provider, partnered with OpenWorks, a facility management software provider based in the U.S. Ramco ERP Software offers OpenWorks a single integrated platform that includes modules for enterprise asset management, facility management, finance, fixed assets, sales, and purchases. The company maximizes efficiency by automating payments, customer billing, asset tracking, franchisees, and franchise assignment processes.

 

COVID-19 impacted the supply chain in businesses and various industries' spending on enterprise resource planning (ERP). Multiple industries successfully utilized cloud-based services to build a robust system that regulates the business. For instance, in May 2022, Epicor, an ERP software provider, released Epicor Industry ERP Cloud, which includes updates for Epicor Prophet 21 for distribution, Epicor Kinetic for manufacturing, and Epicor BisTrack for construction. With the new updates, the company would continue supporting the people-centric, open, and connected industry productivity solutions essential to businesses.

 

Order your copy of Free Sample of “Business Software Industry Data Book - Event Management Software, ERP Software and Quality Management Software Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Quality Management Software Market Growth & Trends 

 

The global quality management software market size was valued at USD 9.37 billion in 2022 and is expected to grow at a CAGR of 10.6% from 2023 to 2030. Increased regulatory compliance requirements, a higher focus on digital transformations, and higher customer expectations are driving the need for faster response times to change. In turn, these factors encourage organizations to adopt reliable quality management solutions. For instance, in June 2022, QIMA, a supply chain quality and compliance solutions provider, and CBX Software, a product lifecycle management platform provider, collaborated to develop an integrated supply chain inspection solution that streamlines quality inspections for brands and retailers. With this partnership, CBX Cloud extends seamlessly to QIMA's trusted inspections directly from CBX Cloud. Moreover, users can access instant inspection reports and analyses generated by QIMA through CBX Cloud. As the company's flagship software platform, CBX Cloud enables retailers to automate workflows and manage supply chains efficiently-from product development to sourcing, to order processing.

 

Scalability is one of the most important features of quality management software. It allows accommodating a wide range of operations and sizes and tailoring them to meet the unique needs of organizations. In November 2022, Bentley Systems Incorporated, an infrastructure engineering Software Company, announced new features of the iTwin Platform. The iTwin Platform, a scalable and open cloud service, analyzes, creates, and views digital twins of infrastructure assets. Bentley's infrastructure schema unifies and makes interoperability possible for SYNCHRO, AssetWise, and ProjectWise, which covers the complete infrastructure value chain and lifetime due to the new iTwin Platform capabilities.

 

Competitive Landscape

 

Key players operating in the Business Software Industry are –

• SAP SE
• Microsoft Corporation
• Oracle Corporation
• Rockwell Automation Inc.
• Honeywell International Inc.
• Aventri Inc.
• Sage Group, plc
• NetSuite, Inc.
• International Business Machines Corporation
• General Electric Co.

Healthcare Information Systems Industry: A Comprehensive Overview, Trends And Challenges

  

 

Global healthcare information systems industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

The global healthcare information systems market size generated over USD 406.4 billion in 2022 and is expected to grow at a CAGR of 13.3% over the forecast period.  

 

Hospital Information System Market Report Highlights

 

The global hospital information system market was valued at USD 118.2 billion in 2022 and is anticipated to witness growth at a rate of 17.7% over the forecast period. Rising government initiatives and increasing demand from hospitals to deploy advanced IT solutions for effective operational efficiency are some of the key factors driving the adoption of hospital information systems. In addition, growing use of Electronic Health Records (EHRs) for patient-centric care is significantly boosting market growth. Furthermore, technological advancement in healthcare IT infrastructure along with increasing adoption of cloud computing in hospital settings is impelling market growth.

 

The hospital information system market is segmented based on type. It includes electronic health record, electronic medical record, real-time healthcare, patient engagement solution, and population health management. Population health management (PHM) dominated the market. It is driven by several key factors such as increasing government initiatives being undertaken to reduce healthcare costs, growing importance of value-based care, rising need for effective disease management, and introduction of Big Data analytics in healthcare, software, & IT solutions. In September 2020, Cerner collaborated with Hampshire and Isle of Wight (HIOW) health and care system to implement their PHM data platform, HealtheIntent along with their big data analytics solution, HealtheEDW. These tools aimed at transforming and improving the health and care delivery of the UK’s population.

 

Pharmacy Automation Systems Market Analysis & Forecast

The pharmacy automation systems market was valued at USD 5.8 billion in 2022 and is expected grow at a CAGR of 10.0% from 2023 to 2030. Medicine wastage is a major problem globally and costed USD 14.56 globally in 2021, with the adoption of automation in pharmaceutical sector there have been considerable reduction in wastage of medicines and increasing prescription volumes.

 

Increased prescription volumes have been reported due to the adoption of automation systems in retail pharmacy, with the users of automation devices such as dispensing robots reporting increase in prescription volumes up to 70%, which is attributed to positively impact the demand for the automation devices globally.

 

On the basis of product, the medication dispensing segment dominated the market in 2022. These systems are commonly used in medication distribution process to reduce errors in dispensing and enhance speed & accuracy. According to a research study published by Health Technology Inquiry Service, automated dispensing devices reduced dispensing and medication errors along with costs as compared to the manual systems.

 

Order your copy of Free Sample of “Healthcare Information Systems Industry Data Book - Hospital Information Systems, Pharmacy Automation Systems, Laboratory Informatics and Revenue Cycle Management Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Laboratory Informatics Market Analysis & Forecast

The laboratory informatics market size was valued at USD 3.7 billion in 2022. Emergence of Software as a Service (SaaS)-based laboratory information system is an example of technological advancements. Low initial cost of ownership, reduced IT cost, and rapid deployment are some of the major factors boosting the demand for SaaS-based laboratory inventory systems.

Business intelligence tools such as D360, LiveDesign, and BIOVIA Insight are leveraging through data analysis technology. These tools can interface with Electronic Laboratory Notebooks (ELNs) or Laboratory Information Management Systems (LIMS). Some of the application areas of LIMS offered by Thermo Fisher Scientific include Research and development LIMS, Process development and manufacturing LIMS, and Bioanalytical LIMS.

 

Revenue Cycle Management Market Analysis & Forecast

The revenue cycle management market size was valued at USD 269.2 billion in 2022 globally and is expected to grow at a CAGR of 11.2% to reach USD 634.7 billion by 2030 over the forecast period. A key driver of revenue cycles in the majority of healthcare procedures is reimbursement services from copays, health insurance payers, and insurance deductibles from patients. If a healthcare supplier's revenue cycle management is more efficient, it will be more profitable. Mishandling of insurance refunds or patient collections can hamper a provider’s monetary solvency.

 

Outsourcing of healthcare IT services has increased owing to various factors such as the dearth of skilled labor, shortage of resources, and rising healthcare costs. Primary services that are outsourced by healthcare organizations include coding stipulations, key performance monitoring, follow-up of claims, and ensuring data accuracy. The major advantages of outsourcing the revenue cycle management are the availability of skilled & trained professionals, cost-effective & efficient services, and compliance to required rules & regulations.

 

Loopholes in the healthcare infrastructure may act as a major restraint for emerging markets such as China and India. In recent years, China’s Communist Party has announced various reforms for infrastructural development in the country. Lack of supportive infrastructure restrains the growth and adoption of innovative systems such as revenue cycle management.

 

Competitive Landscape

Key players operating in the Healthcare Information Systems Industry are –

• athenahealth, Inc.
• Philips Healthcare
• Agfa Gevaert Group
• McKesson Corporation
• Epic Systems Corporation
• Allscripts Healthcare, LLC
• Cerner Corporation
• GE Healthcare
• Hewlett Packard
• Agfa Gevaert Group

Cloud Computing Industry: Growth, Trends, and Opportunities

 

 

Global cloud computing industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

Private Cloud Market Analysis & Forecast

 

The global private cloud market was valued at USD 222.30 billion in 2022 and is expected to grow at a CAGR of 14.7% over the forecast period from 2023 to 2030. Enterprises are increasingly adopting private cloud infrastructure due to the high volume of sensitive data they produce. Companies can better understand customer behavior and create new goods and services by analyzing patterns in real-time data. Hence, enterprises are continuously adopting private cloud infrastructure.

 

Vendors are continuously adopting various growth strategies to increase their presence in the market. For instance, in March 2022, Adobe announced the development of the ecosystem with new partners and tools. Through the launch of Adobe Experience Cloud, its private cloud network, the company started offering developers new tools for creating and deploying cloud-based apps that integrate seamlessly across its products. The extensive ecosystem of tech partners for Adobe includes FedEx, Anaplan, OneTrust, Walmart, PayPal, and The Weather Company, an IBM Business.

 

Access the Global Cloud Computing Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

Public Cloud Market Analysis & Forecast

 

The global public cloud market size was valued at USD 171.39 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. Owing to the high scalability and reduced operational costs offered by cloud services in the wake of digital transformation of industries, the market is witnessing rapid growth. Moreover, enterprises across the globe are gradually adopting public cloud technology to rapidly build, test, and release quality software products.

 

The public cloud is a multi-tenant environment, which offers rapid elasticity and high scalability with capability to consume resources on a pay-per-use basis. Governments and institutions are planning gradually to completely integrate its conventional systems with these computing technologies. As a part of the IT Modernization effort, U.S Federal Government had initiated Cloud Smart Strategy in October 2018 to improve citizen-centric services, accessibility, and maintain cybersecurity. Moreover, adoption of the technology is rapidly gaining importance among Small and Medium Enterprise (SMEs) sector due to the cost competitiveness offered in the market.

 

Currently, most of the enterprises of varying sizes, are revamping from traditional to digital mode of business. The transformation is likely to create potential market for public cloud owing to its benefits such as reduced Total Cost of Ownership (TCO), agility, and flexibility. IBM Corporation states that around 89% of IT professionals expect to move business-critical workloads to cloud, which are driven by the growth in digitization.

 

Government organizations are also this technology services for storage, disaster recovery, risk compliance management, and identity access management applications. In October 2019, amidst corporate hostility, Microsoft Corporation was awarded the U.S Department of Defense contract, Joint Enterprise Defense Infrastructure (JEDI) worth USD 10 billion.

 

Hybrid Cloud Market Analysis & Forecast

 

The global hybrid cloud market size was valued at USD 90.28 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. Hybrid cloud solutions offer enterprises a competitive edge by enabling scalability, advanced services, and secure infrastructure. This strategy provides a secure firewall for private services and sufficient integration. In addition, it offers several benefits, such as total support for the remote workforce, decreased operational costs, and improved scalability, control, security, and risk management. Hence, the extensive use of cloud computing services is expected to boost demand for hybrid cloud solutions over the forecast period.

 

A decline in traditional DCO is due to the increase in infrastructure utility services, colocation, and hosting spending. This is anticipated to fuel the transition to cloud hosting. Moreover, government agencies are refocusing their efforts on implementing hyper-scale clouds, which offer advantages including unified operations, data center modernization, application innovation, and security and governance. Furthermore, the cloud allows government organizations to handle cyclical demands or emergencies without overprovisioning hardware.

 

Order Free Sample Copy of “Cloud Computing Industry Data Book - Public Cloud, Private Cloud and Hybrid Cloud Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research 

 

Key players operating in the cloud computing industry are –

 

• Alibaba Group Holding Ltd.
• Amazon.com Inc.
• Adobe Inc.
• Google LLC
• Microsoft Corp.
• International Business Machines Corp
• Oracle Corp.
• Salesforce.com Inc.
• SAP SE
• Workday, Inc

Customer Relationship Management Industry: Evolving Landscape and Navigating the Path to Customer Centricity

  

 

Customer relationship management industry data book covers customer experience management, customer self-service software, digital experience platform, sales force automation software, sales training software, marketing automation market.

 

Global customer relationship management industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

Access the Global Customer Relationship Management Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

Customer Experience Management Market Insights

The global customer experience management market size was valued at USD 10.65 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2023 to 2030. Customer experience management solutions are gaining widespread popularity in diverse industries. As businesses become more customer-centric, the customer experience management (CEM) market is expected to witness rapid growth in the forecast period. Ongoing trends such as hyper-personalization of customer service, the use of AI and automation, and various customer value models are the key attributes propelling the growth of the segment. Moreover, implementing robust social media customer service can help reduce costs, increase response times, improve customer satisfaction, and increase the adoption of customer experience management platforms across industries.

 

Customer Self-service Software Market Insights

The global customer self-service software market size was valued at USD 11.92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 23.5% from 2023 to 2030. It is anticipated to register a compound annual growth rate (CAGR) of 22.1% from 2020 to 2027. Efforts to enhance the level of customer satisfaction and encourage customer loyalty are anticipated to propel the market growth over the forecast period. The continued rollout of a large number of customer service touchpoints is also expected to contribute to market growth.Enterprises have realized that understanding the changing consumer behavior can help them in enhancing their offerings. At the same time, both small and medium-sized enterprises and large enterprises have started adopting automated customer self-service software. 

 

Digital Experience Platform Market insights

The global digital experience platform market size was valued at USD 11.17 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030. Incumbents of several industries and verticals have started using a customer-centric approach to deal with real-time customer data. Digital experience platforms (DXP) can help these industries in achieving a holistic view of activities, customer interactions, and data across multiple applications and touchpoints. Digital experiences offered by the companies also contain the potential to enhance customer engagement and increase operational productivity in the long run. As these, enterprises prioritize various components of digital experience to attract tech-savvy and self-educating customers. These factors would further supplement the growth of the digital experience platform industry.

 

Order your copy of the Free Sample of “Customer Relationship Management Industry Data Book - Customer Experience Management, Customer Self-service Software, Digital Experience Platform, Sales force Automation Software, Sales Training Software, Marketing Automation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Sales force Automation Software Market Insights

The global sales force automation software market size was valued at USD 9.82 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.6% from 2023 to 2030. The growing adoption of cloud technologies for sales force automation and rising demand for sales forecasting applications are the primary drivers of the sales force automation software market. Further, the adoption of Customer Relationship Management (CRM) software is gaining traction in various industries owing to the changing nature of the software in terms of functionalities and feature sets. Futuristic CRM suites also enable enterprises to gauge business performance and track sales trajectories. Moreover, the increasing adoption of digital transformation across several industry verticals is causing organizations to replace the previous array of solutions required to build, administer, and enhance their digital presence with a unified solution that can serve all functions. These factors would further drive the market during the forecast period. 

Sales Training Software Market Insights

 

The global sales training software market size was valued at USD 2.14 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2023 to 2030. The industry growth can be attributed to the paradigm shift in the focus of the incumbents of various end-use industries to reduce the time employees spend on repetitive tasks and devote the time saved to other customer engagement and relationship management activities. The sales training software can particularly help end-use enterprises in improving employee productivity, boosting product sales, and utilizing resources efficiently. Benefits associated with the adoption of such software include easy sales content creation and streamlined sales enablement.

 

Go through the table of content of Customer Relationship Management Industry Data Book to get a better understanding of the Coverage & Scope of the study.

 

Marketing Automation Market Insights

 

The global marketing automation market size was valued at USD 5.72 billion in 2022 and is expected to witness a CAGR of 13.2% from 2023 to 2030. Owing to the rising significance of automation solutions in marketing and sales to increase revenue and average deal size, target customers across multiple channels, and retain customers, the market will witness healthy growth. Moreover, the marketing automation solutions help automate repetitive, monotonous tasks such as emails, social media, and other website functions. Technological advancements, such as Artificial Intelligence (AI) and data science, the use of analytics in marketing and sales is also likely to boost the growth prospects of the market over the forecast period. A recent survey suggests that there were around 3.9 billion email users and about 3.5 billion social media users in 2019. Email marketing is still one of the primary channels of marketing, wherein the scope of automation in the segment will remain highly effective. Generally, email marketing involves sending newsletters, solicit sales, request donations, advertisements, and request businesses via emails. 

 

Key players operating in the Customer Relationship Management industry are –

• Adobe Inc.
• IBM Corporation
• Salesforce.com, Inc.
• Sitecore

 

E-Commerce Industry To Grow Due To Latest Technologies And Best Practices For Keeping Customers Happy

 

 

E-commerce industry data book covers B2B E-commerce and B2C E-commerce market. The global E-commerce market was valued at USD 13,497.0 billion in 2022 and is projected to grow at a CAGR of 15.0% from 2023 to 2030.

Grand View Research’s E-commerce industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global E-commerce Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

 

B2B E-commerce Market Growth & Trends

 

The global B2B e-commerce market was valued at USD 7,904.0 billion in 2022 and is projected to grow at a CAGR of 22.8% from 2023 to 2030, according to a new study by Grand View Research Inc. Technologies enabling the adoption of B2B e-commerce platforms are favoring the market growth. For instance, the proliferation of 5G and smartphones worldwide is expected to be a key growth driver for the market. Moreover, the COVID-19 pandemic has resulted in an increased acceptance of B2B e-commerce among end-users. Companies across the globe are focused on adopting a mixed-channel strategy with an emphasis on online channels to drive revenue.

In addition to the demand generated for online e-commerce amidst the pandemic, proactive government support, such as tax waiver, improved transport infrastructure, and reforms supporting excise/customs duty, is also expected to support business to business e-commerce market growth. Moreover, various laws have been reinforced to protect data privacy for both consumers and businesses, such as the law drafted in California, U.S. Such initiatives are likely to improve online trade penetration.

The market is also expected to experience numerous growth opportunities due to the increasing benefits of technologies such as AR, VR, and AI in influencing consumer purchase decisions. The deployment of such technologies helps vendors to enhance the user experience while offering detailed product information in an interactive format. While chatbots have already made their way into the e-commerce market, technologies such as voice commerce are expected to further boost business to business e-commerce market growth.

The COVID-19 outbreak has created unique challenges in most sectors, including business-to-business e-commerce. Businesses changed their business models as supply chains faced a bipolar effect of either excess inventory or shortage of inventory. Moreover, the aftereffects of the pandemic, such as salary cuts, minimized disposable incomes, and loss of jobs, have resulted in reduced spending by promising customers. To overcome these challenges, B2B businesses have shifted their focus to new online strategies, thus contributing to the transformation of the B2B e-commerce industry.

 

Order your copy of Free Sample of “E-commerce Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

B2C E-commerce Market Growth & Trends

The B2C service segment of the e-commerce market by model type was estimated to be USD 4,398.9 billion in 2022 and is expected to have a CAGR of 9.7% during the forecast period 2023-2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.7% over the forecast period. The increasing disposable income level, escalating usage of internet and smartphones, and an increasing number of online shoppers are expected to drive the market growth. Online goods and service providers offer various options to their customers, such as vast product portfolio, discounted price rates, convenient payment methods, same-day delivery, and easy return policies while purchasing any goods or services, resulting in growing customer preference toward e-commerce platforms.

The General Agreement on Trade in Services (GATS) provides the rules and regulations governing international trade in services, with significant implications for e-commerce. The anti-Spam Law is placed to protect consumers from receiving unsolicited marketing material. Although online businesses collect information from consumers, they are legally prohibited to spam people's inboxes without their consent. Technological advancement supported by increasing usage of Artificial Intelligence (AI) is providing customers with a real-time shopping experience. For instance, Augmented Reality (AR) technology offers customers ‘virtual changing rooms’ wherein customers can try a product virtually.

The rapid evolution of e-commerce has brought numerous opportunities to both nascent as well as established players in the market. However, online payment processes have witnessed few challenges in the recent past. The interconnected and instantaneous nature of online payment channels has increased vulnerability towards cybercrime, digital frauds, and other malpractices. To overcome these cybersecurity concerns, it is essential to emphasize service security and the protection of consumer’s data.

 

Go through the table of content of E-commerce Industry Data Book to get a better understanding of the Coverage & Scope of the study.

 

Competitive Landscape

Key players operating in the E-commerce Industry are –
• Alibaba Group Holding Limited
• Amazon.com, Inc.
• Apple Inc.
• Best Buy
• eBay Inc.
• Shopify Inc.

The Digital Health Industry: Innovating Healthcare With Digital Solutions

 

 

Digital health industry data book covers tele-healthcare, mhealth, healthcare analytics and digital health system markets. The global market size was valued at USD 211.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 18.6% from 2022 to 2030.

Access the Global Digital Health Industry Data Book from 2023 to 2030, compiled with details by Grand View Research

Tele-Healthcare Market Growth & Trends

The global telehealth market size was valued at USD 87.6 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 23.5% from 2023 to 2030. The rising penetration of the internet and the evolution & development of smartphones are factors that contribute to the growth of the industry. Advancements in digital infrastructure allow users to monitor their health and fitness, avail of medical assistance, and book appointments. For instance, several applications and platforms, such as Doctor on Demand, Lemonaid, and MDLive, allow their users to book appointments, monitor personal health, track consultations, and store healthcare information.

Moreover, the COVID-19 pandemic accelerated the adoption of telemedicine and teleconsultation. The pandemic exposed the shortcomings in the healthcare systems while also burdening the healthcare resources and facilities, which accelerated the adoption of the solutions. The government-imposed travel restrictions and lockdowns to curb the spread of the virus, which led to patients and healthcare institutions shifting toward teleconsultations and telemedicine. In addition, insurance companies and healthcare payers are collaborating with key industry players to provide free consultation services to patients. For instance, AIG and Cigna announced a partnership with Doctor Anywhere in Singapore.

Under this partnership, the companies will provide free consultation services to patients across Thailand, Singapore, and Vietnam. Moreover, the rising number of public-private partnerships, advancements in digital infrastructure, rise in government initiatives, and growing advancements in digital health technologies are anticipated to boost the demand for virtual care applications and services. Several key players, such as GlobalMed, Siemens Healthineers, and Doctor Anywhere, reported a significant rise in revenues and active users during the pandemic. The services segment held the largest share of the global revenue in 2022 due to the rising preference for telemedicine and teleconsultation to reduce healthcare costs and physical visits to hospitals.

 

mHealth Market Growth & Trends

The global mHealth market size was valued at USD 56.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. Increasing adoption of mHealth apps and technologies by physicians and patients and rise in penetration of internet and smartphone connectivity are among the major factors expected to drive the growth of the market. Besides, increasing government initiatives towards the digitalization of healthcare services are also anticipated to boost the adoption of mobile health platforms.

Based on component, mHealth apps dominated the market and accounted for revenue share of 75.4% in 2021. This high share is attributable to constantly developing startup ecosystems across the globe and increasing investments by key players to develop new health-based apps. In addition, benefits provided by these apps in maintaining health and lifestyle and managing health condition are some of the other factors boosting the growth of the segment.

Based on services, the monitoring services segment dominated the market with a revenue share of 61.5% in 2022. Monitoring services mainly involve the observation of health conditions, diseases, and other complicated medical parameters for a defined time. The rising prevalence of chronic diseases and increasing preference for remote monitoring services in post-acute care are some of the factors contributing to the growth of this segment. In addition, increasing investments by the key players in mobile health apps for patient monitoring is also expected to propel the segment growth over the years.

 

Order your copy of Free Sample of “Digital Health Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Healthcare Analytics Market Growth & Trends

The global healthcare analytics market is currently valued at USD 35.3 billion as of 2022 and is expected to expand at a CAGR of 21.4% for the forecast period 2023-2030. The increase in capital investments by the healthcare industry in the IT sector for better management and cost-effective patient care are key growth factors for the healthcare analytics market.

Descriptive analytics holds the biggest revenue share, its use in studying historical data has been successfully and widely adopted during the pandemic for studies on patient populations, the current method of analysis has been studying historical data to devise actionable insights for professionals to act on. Predictive analytics accounted for the fastest growth owing to the ability to provide future prospects for growth and for delivering better results.
By component, the services component had the largest revenue share in 2022, owing to the majority of healthcare institutes outsourcing their data analytics to third-party vendors. A large number of data analytics companies have been collaborating with the institutions to deliver meaningful insights for better patient care and for maximizing their profits by cost-cutting. Better patient monitoring, and care are key factors for the growth of this component.

The on-premises delivery model holds the largest revenue share in the delivery mode segment. This has been due to the ease of access of data being on the site, i.e., at hospitals, etc. this has resulted in better patient monitoring, better management of records, etc., small institutions are manageable for on-premises delivery mode, another option for data storage is cloud-based. Cloud-based deployment has been the emerging delivery mode due to the fact that it provides a larger space virtually to store data for a multitude of patients. This is cost-effective and is a commercially more viable option for industries.

 

Digital Health System Market Growth & Trends

The global digital health systems market size was valued at USD 31.4 billion in 2022 is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. Growing penetration rate of smartphones, improvement in internet connectivity, introducing advance healthcare IT infrastructure, rising healthcare expenditure, diseases, rising adoption rate of remote patient monitoring services, and increasing accessibility of virtual care are driving market growth. Growing prevalence of chronic diseases such CVD, diabetes, cancer and others are further driving the market growth as digital health systems help in monitoring condition from any place and at any time.

Smartphones have widened their application scope from devices just for communication & entertainment to devices monitoring health & fitness. As per the statistics of Pew Research Center about 97.0% of U.S. citizens own smartphones in the year 2021. Moreover, key players are also focusing on developing and introducing innovative mobile applications for tracking daily activities, providing information about medical queries, tracking & ordering medical prescriptions, scheduling appointments, and storing healthcare information. The ongoing COVID-19 pandemic exposed the flaws in the current overburdened healthcare systems and highlighted the potential of digital health solutions, which in turn encouraged the use of these solutions and resulted in a sharp increase in their rate of adoption.

 

Go through the table of content of digital health industry data book to get a better understanding of the Coverage & Scope of the study.

 

Competitive Landscape

Key players operating in the Digital Health Industry are –

• Apple Inc.
• AT&T
• AirStrip Technologies
• Allscripts
• Google Inc.
• Orange
• Qualcomm Technologies, Inc.
• Softserve
• MQure
• Samsung Electronics Co., Ltd.
• Telefónica S.A.
• Vodafone Group
• Cerner Corporation
• McKesson Corporation
• Epic Systems Corporation
• NextGen Healthcare, Inc. (QSI Management, LLC)
• Greenway health, LLC
• CureMD Healthcare
• HiMS
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corporation (IBM Watson Health)
• Siemens Healthcare GmbH
• CISCO Systems, Inc.

 

The digital health industry data book, compiled by Grand View Research, is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research along with a digital healthcare statistics e-book.

 

Enterprise Mobility Management Industry Is Owing To A Significant Increase In Mobile Devices, And Shifting Various End-User Companies

  

Enterprise mobility management industry data book covers mobile device management, mobile identity management, mobile content management and mobile application management market.

Global enterprise mobility management industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The global enterprise mobility management market size was evaluated at USD 12.01 billion in 2022 and is expected to grow at a CAGR of 24.4% from 2023 to 2030.

Mobile Device Management Market Analysis & Forecast

The global mobile device management (MDM) market size was evaluated at USD 5.02 billion in 2022 and is expected to grow at a CAGR of 24.2% from 2023 to 2030. Mobile device management (MDM) refers to the software and services used to manage and secure mobile devices, such as smartphones, tablets, and laptops. The market has experienced significant growth in recent years due to the increasing use of mobile devices at the workplace and the need to secure sensitive data on these devices. The COVID-19 pandemic has had a significant impact on the industry, as it has accelerated the adoption of mobile devices due to remote work.

North America led the industry in 2022 and held the largest share of more than 36.90% of the overall revenue. The U.S. is expected to witness steady growth during the forecast period due to the high adoption of mobile devices and the presence of major MDM vendors in the region. Asia Pacific is anticipated to emerge as the fastest-growing region from 2023 to 2030. Asia Pacific has seen a rapid increase in the adoption of mobile devices, including smartphones and tablets, which has resulted in the need for MDM solutions to manage and secure these devices.

Mobile Identity Management Market Analysis & Forecast

The global mobile identity management (MIM) market size was evaluated at USD 2.60 billion in 2022 and is expected to grow at a CAGR of 26.6% from 2023 to 2030. MIM solutions are becoming increasingly crucial as the workforce is converting to more mobile and digital, leading to access from a variety of devices and locations. Mobile identity management refers to managing and safeguarding mobile device access to digital resources such as applications and data. Mobile identity management systems usually offer mobile devices safe and simple authentication and identity management features, ensuring that only authorized users have access to essential products and services. MIM systems demand that users provide multiple forms of authentication, such as a password and a biometric factor, fingerprint, or facial recognition, to ensure that only authorized individuals can access business-critical resources.

North American regional market dominated the market with a share of 36.0%. The development of Mobile Identity Management (MIM) systems in the North American region is predicted to expand due to the increasing adoption of mobile devices in personal and professional settings. Asia Pacific is anticipated to rise as the fastest-developing regional market at a CAGR of 28.9%.

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Mobile Content Management Market Analysis & Forecast

The global mobile content management (MCM) market size was evaluated at USD 2.50 billion in 2022 and is expected to grow at a CAGR of 22.2% from 2023 to 2030. Mobile content management (MCM) refers to the creation, storage, and distribution of digital content designed specifically for mobile devices, such as smartphones and tablets.Mobile content management systems are increasingly being integrated with the latest trends, such as mobile-first approach, cloud-based solutions, and machine learning algorithms, among others. The market has evolved significantly in recent years as mobile devices continue to rule the digital landscape and become a vital part of everyday activities.The increased availability of mobile devices, high-speed mobile networks, and the use of mobile devices, such as smartphones and tablets, have made MCM easier to use and economical. Organizations aim to utilize the opportunity of the growing popularity of mobile devices to distribute content directly through these devices, communicate with users, and offer seamless services.

North American market dominated the mobile content management market in 2022 and accounted for a market share of 35.7%. The Asia Pacific is anticipated to rise as the fastest developing regional market at a CAGR of 24.4% of a rapid increase in the adoption of mobile content management.

Mobile Application Management Market Analysis & Forecast

The global mobile application management (MAM) market size was evaluated at USD 2.0 billion in 2022 and is expected to grow at a CAGR of 24.2% from 2023 to 2030. The management and deployment of mobile applications within organizations is a function of mobile application management (MAM). App containerization, where apps are contained within secure containers on mobile devices, is a major development in MAM. This strategy makes it possible to separate personal information from business information, guaranteeing that business apps and data are secure even on employee-owned devices.
MAM systems can configure app settings, preferences, and functionalities according to user roles or organizational needs. As a result, businesses may customize app experiences and expedite app deployments for various user groups. Performance monitoring capabilities are incorporated into MAM solutions to track app performance indicators like response time, crashes, and resource usage. To provide verticals with the best possible app experiences, these capabilities help discover and fix performance issues. MAM solutions are aligned with privacy laws and data protection practices for the secure processing of user data within mobile apps. This offers users transparency and control over their personal information by incorporating features like data encryption, consent management, and user privacy controls.

Go through the table of content of Enterprise Mobility Management Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Enterprise Mobility Management Industry Data Book Competitive Landscape

Companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact.

Key players operating in the enterprise mobility management industry are –

• Cisco Systems
• SAP SE
• Broadcom, Inc.
• Vmware, Inc.
• Ivanti
• Sophos
• Blackberry