According to report published by Grand View Research, the U.S. healthcare ERP market size was valued at USD 1,425.9 million in 2018 and is expected to register a CAGR of 5.6% over the forecast period.
TheU.S. Healthcare ERP Marketsize is expected to reach USD 2.1 billion by 2025, registering a 5.6% CAGR from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is expected to grow over the forecast period owing to the continued adoption of ERP software among healthcare providers based in the U.S. to deal with large volumes of data accumulated through digital resources. The rising burden of processing payment, insurance, and other administrative information of newly-enrolled patients on healthcare administrators is also expected to drive the adoption of healthcare ERP solutions in the U.S.
Cloud computing technology has triggered a paradigm shift from an on-premise deployment to a cloud-based deployment of ERP solutions in the U.S. Moreover, a hybrid deployment can support the features of both on-premise deployment and cloud-based deployment of these solutions, thereby ensuring cost-effectiveness, data security, and agility in administrative processes. A hybrid deployment also helps in overcoming the cost concerns associated with on-premise deployment and the security concerns associated with cloud-based deployment. Cloud-based deployment of ERP solutions in the U.S. is expected to grow at a rapid pace over the forecast period owing to the benefits associated with the hybrid deployment.
Vendors in the market for healthcare ERP in the U.S. are trying aggressively to increase their customer base and gain a competitive edge over their rivals. They are focusing on licensing and strategic partnerships as part of the efforts toward this end. Companies, such as SAP SE, Microsoft Corporation, and Nuvolo, among others, are also focusing on strategic technology collaborations either to develop new healthcare ERP applications for the U.S. market or to add new capabilities to their existing applications. On the other hand, healthcare providers are also focusing on replacing obsolete technologies with the latest technologies to adapt to the changing requirements.
The patient relationship management segment is expected to emerge as the fastest-growing segment over the forecast period as medical care providers are finding it challenging to strengthen their relationships with patients owing to the continued enrolment of new patients
The integration of artificial intelligence (AI) in healthcare ERP solutions is allowing to provide personalized patient care by determining the condition of patients and providing them with the necessary care
The initiatives undertaken by the government to improve healthcare facilities are expected to open opportunities for the growth of the market
Medical care administrators in the U.S. are focusing on integrating natural language processing (NLP) programs and machine learning (ML) in their ERP systems to employ predictive analytics in proactively identifying patients
Some of the key players in the U.S. healthcare ERP market include Epicore Softcare Corporation; Infor; Oracle Corporation; Microsoft Corporation; Sage Software Solution Pvt. Ltd.; and QAD Inc.; among others.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Cloud Enterprise Resource Planning (ERP) Market size is estimated to reach $41.09 billion by 2025, after growing at a CAGR of 9% during the forecast period (2020-2025).
The U.S. Enterprise Resource Planning (ERP) software market size was valued at USD 12.06 billion in 2022. The market is projected to grow from USD 12.43 billion in 2023 to USD 15.89 billion by 2030, exhibiting a CAGR of 3.6% during the forecast period.
Revenue in the Enterprise Resource Planning Software market is projected to reach US$53.15bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.26%, resulting in a market volume of US$65.49bn by 2029.
The global Enterprise Resource Planning (ERP) software market size was valued at USD 71.41 billion in 2023. The market is projected to grow from USD 81.15 billion in 2024 to USD 238.79 billion by 2032, exhibiting a CAGR of 14.4% during the forecast period.
A 2022 ERP report showed that the average budget per user for an ERP project is $9,000. When you factor in how many users your system may have (especially for larger businesses), and added costs, you'll find an ERP implementation can cost anything between $150,000 and $750,000 for a mid-sized business.
NHE grew 4.1% to $4.5 trillion in 2022, or $13,493 per person, and accounted for 17.3% of Gross Domestic Product (GDP). Medicare spending grew 5.9% to $944.3 billion in 2022, or 21 percent of total NHE. Medicaid spending grew 9.6% to $805.7 billion in 2022, or 18 percent of total NHE.
The global Healthcare Enterprise Software Market Size was valued at USD 83.85 billion in 2023 and is poised to grow 197.26 billion by 2030 at a significant CAGR of 13.0% during the forecast period 2024-30.
What are the largest health systems by hospital count? The largest health system in the country is HCA Healthcare, with 219 hospitals in its network. Based in Nashville, Tennessee, HCA Healthcare was one of the first health systems in the country when it was established in 1968.
Top Supply Chain Management Vendors by ERP Market Share
Buyers are projected to spend $12.4 billion on Supply Chain Management applications over the next 12 months. When looking purely at customer base size, SAP is the clear leader by market share, with over 2x the customer count of the next leading provider, Oracle.
The global Enterprise Resource Planning (ERP) Market size is USD 48.68 billion in 2022 and is projected to reach a CAGR of 7.92% from 2023-2030. Companies use enterprise resource planning (ERP) solutions to help them manage their business processes and operations more effectively.
Top 5 Enterprise Resource Planning (ERP) technologies in 2024. Over 225,193 companies are using Enterprise Resource Planning (ERP) tools. Microsoft Dynamics with 24.48% market share (55,119 customers), Workday with 14.31% market share (32,222 customers), SAP ERP with 10.75% market share (24,199 customers).
Market Research Engine stated that the ERP market remains in a phase of rapid expansion, with total market size expected to exceed $49.5 billion by 2025.
It allows universal and easy on-demand access to shared resources through flexible cloud services. Cloud technology had a $543 billion market in 2021. Experts estimate that it will become an $864 billion market by 2025. Further, the market will see a compounded growth rate of 12.8% annually.
The global cloud ERP market is expected to grow 13.6% annually and reach $40.5 billion by 2025, per Statista. Artificial intelligence (AI), and specifically machine learning, help optimize more business processes, provide new insights and create personalized customer interactions.
Enterprise Resource Planning (ERP) Software Market Projected Market Size in 2030: The market is expected to grow significantly, reaching an estimated value of USD 63820 million by 2030. This projection highlights a significant increase in market value over a period of seven years.
Introduction: My name is Arline Emard IV, I am a cheerful, gorgeous, colorful, joyous, excited, super, inquisitive person who loves writing and wants to share my knowledge and understanding with you.
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