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Global Healthcare IT Outsourcing Market: Research Analysis 2015-2019

Global Healthcare IT Outsourcing Market: Research Analysis 2015-2019

About healthcare IT outsourcing

Healthcare IT outsourcing is the process of contracting IT-related services in hospitals and clinical laboratories to a third-party service provider to reduce operational costs and improve efficiency. IT application and infrastructure outsourcing are the two functions that are frequently outsourced by hospitals and clinical laboratories. Economic condition, whether it is stable or unstable, has a direct impact on the healthcare sector in any country across the globe. Economic uncertainties and recession in countries affect healthcare spending as unemployment level increases and income decreases.

Technavio's analysts forecast the global healthcare IT outsourcing market to grow at a CAGR of 9.17% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global healthcare IT outsourcing market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from IT application outsourcing and infrastructure outsourcing related to the healthcare sector.

The market is divided into the following segments based on type of outsourcing:

  • Application outsourcing
  • Infrastructure outsourcing
Technavio's report, Global Healthcare IT Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of global healthcare IT outsourcing market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
  • Americas
  • APAC
  • EMEA
Key vendors
  • Accenture
  • Cognizant
  • IBM
  • Infosys
  • TCS
Other prominent vendors
  • CGI
  • Dell
  • Fujitsu
  • HCL Technologies
  • Hexaware
  • HP
  • iGate
  • L&T Infotech
  • Syntel
  • Tech Mahindra
Key market driver
  • Adoption of connected healthcare solutions
  • For a full, detailed list, view our report
Key market challenge
  • Balancing cost and quality care
  • For a full, detailed list, view our report
Key market trend
  • Increased adoption of hospital information systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Healthcare IT Outsourcing Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Healthcare IT Outsourcing Market: Accenture, Cognizant Technology Solutions Corporation, TCS, IBM and Infosys

Other Prominent Vendors in the market are: CGI, Dell, Fujitsu, HCL, iGATE, Hexaware, HP, L&T, Syntel, and Tech Mahindra.

Commenting on the report, an analyst from Technavio’s team said: “Cloud adoption in the healthcare industry is on the rise, owing to the need to minimize the cost of in-house IT infrastructures. Cloud computing services refer to the provision of resources supplied by third parties, wherein the companies using cloud services do not need to have their own infrastructure. Servers are maintained by companies that are experts in the field of cloud storage. Moreover, cloud services require minimal investment upfront because cloud computing vendors operate on a pay-per-use billing model.”

According to the report, with an increase in the healthcare sector's service portfolio, the IT requirements of healthcare providers are also on the rise. To remain competitive in the market, healthcare service providers must devise strategies that will help them increase revenue while minimizing investments. Also, the possibility of healthcare service providers losing revenue because of poor management, lack of innovation in service delivery systems, and lack of customer satisfaction has increased. Therefore, most healthcare service providers seek to optimize their IT systems to avoid loss of business productivity.

Further, the report states that the lack of multi-factor authentication in healthcare electronic devices increases the threat of cyber-attacks. Moreover, there is a growing threat of computer viruses that can lead to loss of efficiency of the system concerned. Therefore, threats to data security are expected to restrict the growth of the global healthcare ITO market during the forecast period.

Companies Mentioned

Accenture, Cognizant Technology Solutions Corporation, TCS, IBM, Infosys, CGI, Dell, Fujitsu, HCL, iGATE, Hexaware, HP, L&T, Syntel, Tech Mahindra.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Factors that affect the global healthcare market
  • Market landscape
    • Market overview
      • Table Global healthcare ITO market 2015-2019
    • Application outsourcing
    • Infrastructure outsourcing
      • Table Pros and cons of healthcare IT outsourcing
    • Market size and forecast
      • Table Global healthcare ITO market 2015-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global healthcare ITO market segmentation by application
      • Table Global healthcare ITO market segmentation by application 2015-2019
  • Market segmentation by application outsourcing
    • Application outsourcing
      • Table Global healthcare ITO market for application outsourcing ($ billions)
      • Table Global healthcare ITO market for application outsourcing 2015
  • Market segmentation by infrastructure outsourcing
    • Infrastructure outsourcing
      • Table Global healthcare ITO market for infrastructure outsourcing ($ billions)
  • Geographical segmentation
    • Global healthcare ITO market by geographical segmentation
      • Table Global healthcare ITO market by geographical segmentation 2014
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Accenture
      • Table Product segment revenue 2014 ($ billions)
      • Table Financial segment revenue 2014 ($ billions)
      • Table Communications, media, and technology segment revenue 2014 ($ billions)
      • Table Resources and other segment revenue 2014
      • Table Health and public services revenue 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
    • Cognizant Technology Solutions
      • Table Cognizant Technology Solutions: Business segmentation by revenue 2014
      • Table Cognizant Technology Solutions: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Cognizant Technology Solutions: Geographical segmentation by revenue 2014
    • TCS
      • Table TCS: Business segmentation by revenue 2015
      • Table TCS: Business segmentation by revenue 2014 and 2015
      • Table TCS: Geographical segmentation by revenue 2015
      • Table TCS: Market segmentation by revenue 2015
      • Table TCS: Market segmentation by revenue 2014 and 2015
    • IBM
      • Table Market segmentation by revenue 2014
      • Table Global technology services revenue ($ millions)
      • Table Global business services revenue ($ millions)
    • Infosys
      • Table Infosys: Business segmentation by revenue 2014
      • Table Infosys: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Infosys: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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