Fitness Trends Big Data in Healthcare Market | Page 3

Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Dearth of Skilled Manpower to Inhibit Growth of Big Data in Healthcare
Although, the market is huge in the developed nations, particularly in the U.S., dearth of
trained personnel for analyzing big data is projected to limit the growth of this market in North
America. Moreover, factors such as decreasing profit margins, slowdown in the global economy,
and lack of skilled manpower is inhibiting growth of big data implementation in the healthcare
industry. Some of the other challenges for big data in healthcare include data fragmentation,
security issues, and lack of standardization. Furthermore, big data solution providers need to
ensure compliance with regulations laid by the Health Insurance Portability and Accountability
Act of 1996 (HIPAA). These factors are especially prevalent in developing economies of Asia
Pacific and Latin America due to lack of effective healthcare infrastructure and inadequate
supportive government regulations. Increasing cost pressure and lack of trained professionals
dissuades healthcare providers from implementing expensive systems supporting big data
solutions. However, improvement in IT infrastructure in developing economies over the near
future is expected to be a major contributor for increase in demand for big data.
Fragmented Market
There are various small and global players offering big data software and services. The small
regional players offer big data services at low costs, which creates a high entry barrier for
global players looking to establish their footprint in emerging markets. The market is highly
fragmented, with various players offering services differentiated in terms of pricing and
inclusions. Some of the key companies in the global big data in healthcare market include
Hewlett-Packard Co., Teradata Corporation, Opera Solutions, Cognizant Technology Solutions,
Siemens Healthcare Gmbh, Mu Sigma, Splunk Inc., Cloudera, EMC, IBM, Calpont Corporation,
and Oracle Corporation.
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