BIS Research - Emerging Technology Market Intelligence

Financial Analytics Contributing Significantly to Big Data in Healthcare

May 4, 2018 5:17:57 AM / by BIS Research posted in Big Data in Healthcare Market report, Big Data in Healthcare Market share, Big Data in Healthcare Market trends, Big Data in Healthcare Market value, Big Data in Healthcare Market forecast, Big Data in Healthcare Market size, Global Big Data in Healthcare Market Report, Global Big Data in Healthcare Market research repo, Global Big Data in Healthcare Market, Healthcare & Medical

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The volume of healthcare data accounted for over 700 exabytes in the year 2017 from 153 million in 2013 and is expected to reach 2,314 exabytes by the end of the year 2020. This availability of large volume of data has paved the way for massive advancements in clinical research, development of precision medicine, and clinical decision support tools.  According to the latest market intelligence report by BIS Healthcare titled, ‘Global Big Data in Healthcare Market-Analysis and Forecast (2017-2025)’, the market is expected to grow over $68.75 billion by the year 2025. The market for big data is driven by the growing adoption of cloud storage and analytics, large-scale government initiatives to promote data-driven innovations, and rising demands for wearable and mhealth applications, among consumers. Further, substantial commitments and collaborations are demanded from all stakeholders, along with robust governance framework, to ensure efficient use of big data.

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