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According to a new report Global Healthcare ERP Market, published by KBV research, The Global Healthcare ERP Market size is expected to reach $9,399.8 million by 2027, rising at a market growth of 6.5% CAGR during the forecast period.
The inventory and material management segment would showcase the fastest growth rate during the forecasting period. Enhanced reporting, overall inventory inspection, real-time supply chain management, improved quality checks, and better inventory planning are offered by Inventory and material management-based ERP modules. The efficient and extensive features of the software would break information silo, simplify manufacturing processes, and automate numerous operations.
The cloud deployment segment would display the fastest growth rate over the forecast period. The on-premises installed software solutions are being substituted by Cloud deployed software solutions. Factors such as the massive growth of cloud computing and web-based applications, superior accessibility of the internet, and improved ease of access are creating bright prospects for the growth of this segment.
Asia Pacific would showcase the fastest growth rate in the healthcare ERP market during the forecasting years. This is credited to a drastic increment in healthcare spending and the rising shortage of workforce. Additionally, some of the growth catalysts for the regional market are less efficient health facilities’ services management, increasing adoption of modern technological solutions, increasing patient community, and the advent of start-ups.
The North America market dominated the Global Healthcare ERP Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,362.3 million by 2027.
Full Report: https://www.kbvresearch.com/healthcare-erp-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, Oracle Corporation, SAP SE, McKesson Corporation, Sage Group Plc., Infor, Inc. (Koch Industries), Odoo, QAD, Inc. (Thoma Bravo), Aptean (Vista Equity Partners), and Epicor Software Corporation.