Artificial Intelligence
Global Healthcare Customer Data Platform Market By Component, By Organization size, By Deployment, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027
New York, Jan. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Healthcare Customer Data Platform Market By Component, By Organization size, By Deployment, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06222246/?utm_source=GNW
This platform accumulates data from various healthcare analytics sources including claims data, survey data, and more.
The collected data across various systems via a healthcare data platform help companies to better understand their patients and also make them focal point of their healthcare analytics initiatives. The Healthcare customer data platform assists companies to streamline clinical workflow along with gathering unified data about their patients.
Covid 19 Impact Analysis:
The outbreak of the COVID-19 pandemic has affected various industrial verticals of the business domain. The healthcare customer data platform provides possible solutions for the companies to get back to the state of the pre-COVID phase. The pandemic has also motivated consumers to develop more interest in information technology solutions to properly supervise all the patient data.
There is a shift in the requirements and behavior patterns of the patients due to the pandemic. Due to this, companies are majorly re-evaluating their data analytics practices to cope up with the ever-changing business landscape. The healthcare sector has been under immense pressure owing to the pandemic, which has made it important for healthcare companies to adopt advanced technologies and solutions.
Market Growth Factors:
Rising investment by the healthcare companies in marketing and advertising activities
With the strengthening digital space, digital marketing has become one of the crucial aspects of the operations of the companies. In addition, healthcare companies are heavily investing in different marketing and advertising activities to improve their returns, boost sales, and gain more competitive edge in the market. Since healthcare customer data platform helps in coping up with constantly changing business dynamics and initiate various programs, companies are inclining towards the adoption of the platform to understand and utilize the full potential of digital medium for their purpose.
Increasing technological advancements and rapid pace of digitalization
With the advancements in technology and evolving digital landscape, companies and customers are enhancing their ways to interact with each other to enhance the customer journey. There are several digital touchpoints between organizations and their clients, which makes it important for companies to understand and evaluate customer preferences and behavior to gain a more competitive edge in the market.
Market Restraining Factors:
Scattered and fragmented data across different patients’ touchpoints
Medical data are either structured data in databases & spreadsheets or scanned paper documents, digital documents, images & video files, or could be stored in some specific formats like the DICOM format utilized for MRI scans. Along with that, patient data is majorly copied, gathered various times, and stored in distinct versions by public health organizations, healthcare providers, pharmacies, insurance bodies, and patients themselves.
Component Outlook
Based on Component, the market is segmented into Software and Services. Based on Organization size, the market is segmented into large enterprises and small & medium-sized enterprises. Services help in managing financial, clinical, and business data from several EHR software companies and from ERP, human resource, accounting, and other system kinds, which can store and/or provide distinct data images, scanned documents and blobs, in any of the virtual formats.
Deployment Outlook
Based on Deployment, the market is segmented into on-premises and cloud-based. Several healthcare organizations prefer on-premise healthcare customer data platforms as patients’ data is highly sensitive and are more prone to security threats. By opting on-premise healthcare customer data platform, companies can reduce their chances of data breaches and security issues, which would further contribute to the growth of the segment.
Application Outlook
Based on Application, the market is segmented into predictive analytics, marketing data segmentation, personalized recommendations, security management, customer retention & engagement, others. The personalized recommendations segment is estimated to showcase the fastest CAGR during the forecast period. The distribution of customized, meaningful, and appropriate insights from customer data is important for companies to thoroughly know about their customer preferences.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific is estimated to display the fastest growth rate during the forecast period. It is due to the growing adoption of advanced healthcare IT solutions by the companies operating in this region.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the major forerunner in the Healthcare Customer Data Platform Market. Companies such as Adobe, Inc., Reltio, SkyPoint Cloud, Inc.are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Salesforce.com, Inc., Adobe, Inc., Reltio, SkyPoint Cloud, Inc., Treasure Data, Inc. (Softbank Vision Fund), Innovaccer, Inc., Tealium, Inc., Mercury Healthcare, Inc., and Solix Technologies, Inc.
Recent Strategies Deployed in Healthcare Customer Data Platform Market
Partnerships, Collaborations, and Agreements:
Oct-2021: Innovaccer formed a partnership with HCL Technologies (HCL), a leading global technology company. This partnership aimed to enhance population health, connected health, value-based care, patient-physician engagement, and other industry objectives by aggregating, ingesting, and normalizing healthcare data from different sources to enhance data quality and health results.
Sep-2021: Microsoft entered into a partnership with Truveta, healthcare, fitness, and wellness Data Company. This partnership aimed to employ the power of Microsoft Azure and AI to assist Truveta to attain its ambition of saving lives with data. Together, the companies would help progress global health results for the entire population.
Sep-2021: Innovaccer came into a three-year collaboration with Roche, a Swiss multinational healthcare company. This collaboration aimed to open new opportunities to unleash the value of earlier siloed patient data by introducing Roche’s clinically robust algorithms to a top healthcare intelligence platform, the Innovaccer Health Cloud.
Jun-2021: Innovaccer partnered with Emtiro Health, a North Carolina-based population health company. This partnership aimed to integrate the power of Emtiro’s platform and the Innovaccer Health Cloud in order to enhance the quality of care for the Medicaid population, decrease costs, and boost overall member & provider satisfaction.
Jun-2021: Innovaccer entered into a partnership with Perception Health, a provider of healthcare data intelligence services. This partnership aimed to enhance value-based care outcomes for its customers along with assisting Innovaccer’s customers to identify care patterns, referrals, and generate insights into patient health.
Apr-2021: Microsoft came into a collaboration with AXA, a French multinational insurance firm. This collaboration aimed to develop a virtual healthcare platform that streamlines healthcare endeavors and endows customers with accessibility to an entirely unified ecosystem.
Sep-2020: Salesforce signed a multi-year agreement with Humana, a preeminent health and well-being company. Together, the companies aimed to help provide an interconnected and customized healthcare experience for their members.
Jul-2020: Adobe partnered with IBM, an American multinational technology corporation, and Red Hat, an American IBM subsidiary software company. This partnership aimed to allow enterprised in organized sectors to come together at an instant and utilize live user data to safely render experiences throughout any virtual touchpoint, at scale and in accordance with regulations.
Jun-2020: Microsoft and Adobe extended their partnership with Walgreens Boots Alliance, a trusted, global innovator in retail pharmacy. Following the extended partnership, the companies launched a leading-edge virtual experience and consumer insights platform to render customized health and shopping products and services.
Jun-2020: Adobe collaborated with Microsoft, an American multinational technology corporation, and Change Healthcare, a healthcare technology company. Under this collaboration, the entities launched the latest Connected Consumer Health suite, a SaaS-based financial engagement platform. This platform is developed to assist providers to make a simple and clear patient experience by delivering patient reviews and physician details, along with accessibility to cost comparisons and additional features associated with their nursing on an interconnected, scalable, and protected platform.
Acquisitions and Mergers:
Aug-2021: SkyPoint acquired CSG Pro, an easy-to-use, low-code consulting firm. This acquisition focused on strengthening SkyPoint’s capability to tap into the data & AI and customize and enhance each customer interaction.
Product Launches and Product Expansions:
Dec-2021: SkyPoint Cloud introduced SkyPointVault. The product enables organizations to segregate, cipher, regulate and leverage sensitive data (PCI, PII, and Healthcare Records) to adhere to privacy regulations (CCPS, GDPR, etc.) and strengthen the customer experience.
Nov-2021: Microsoft introduced CX tools that include the Voice and SMS integrations, Customer Experience Platform, and more. The Microsoft Customer Experience Platform is a customer engagement solution that provides customers better control of their customer information to render connected experiences.
Nov-2021: SkyPoint Cloud unveiled SkyPoint Resolve. The product enables companies to utilize SkyPoint’s machine learning potential to deduplicate and enhance customer profiles, situate, and mend information gaps and discrepancies, diagnose key identity data throughout diverse applications & systems, and team profiles on the basis of households, establishments, and additional categories.
Oct-2021: Adobe expanded its product portfolio by adding the customer experience management capabilities in Adobe Experience Cloud to the healthcare sector, with Adobe Experience Cloud for Healthcare. Through this addition, providers, payors, life sciences, and pharmacy enterprises can develop and provide customized digital experiences, which can safely utilize personal data to inform real-time, omnichannel experiences.
Oct-2021: SkyPoint introduced SkyPoint Predict, indicative customer insights propelled by artificial intelligence (AI). Through this launch, the platform automatically complements consumer profiles with ever-changing and dynamical forecasted behavioral insights.
Oct-2021: Innovaccer introduced its Patient Relationship Management (PRM) solution on the Innovaccer Health Cloud. This solution aimed to bring patients’ clinical and care episodes to the lead of a customized patient engagement journey.
Sep-2021: Salesforce launched Health Cloud 2.0, a technology. This technology is designed to empower businesses and governments to provide better health and security. In addition, it also provides improved security and health for their consumers, communities, and staff.
Aug-2021: Adobe unveiled Adobe Experience Cloud for Healthcare, a suite of hospital, pharmaceutical, and payer management capabilities. The Adobe Experience Platform fulfills industry standards and offers proprietary privacy & infrastructure to develop safe usage of data.
Jun-2021: Tealium introduced Tealium Functions, a new, free feature into the Tealium Customer Data Platform. Through this platform, customers can connect to transform data, custom destinations, automate workflows, and introduce new use cases quicker with simple code.
May-2021: Salesforce expanded its product portfolio by releasing new CDP innovations. These innovations include Open Access, Calculated Insights, Enhanced Segmentation, etc, which makes customer data smarter, easier to act upon, and more connected.
Nov-2020: Microsoft launched Microsoft Cloud for Healthcare, a fully integrated suite of solutions, including Azure, Microsoft 365, Dynamics 365, Microsoft Teams, and Power Platform. The product offers reliable and incorporated abilities that render automation and efficacy on workflows and rich data analysis for structured and unstructured data.
Apr-2020: Innovaccer unveiled its Enterprise Data Platform for payers on the Innovaccer Health Cloud. This solution aimed to allow healthcare payers to boost digital transformation, enhance interoperability, boost collaboration among stakeholders in the healthcare sector, and fulfill regulatory compliances.
Scope of the Study
Market Segments covered in the Report:
By Component
• Software
• Services
By Organization size
• Large Enterprises
• Small & Medium-sized Enterprises
By Deployment
• On-Premises
• Cloud-based
By Application
• Predictive Analytics
• Marketing Data Segmentation
• Personalized Recommendations
• Security Management
• Customer Retention & Engagement
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Microsoft Corporation
• Salesforce.com, Inc.
• Adobe, Inc.
• Reltio
• SkyPoint Cloud, Inc.
• Treasure Data, Inc. (Softbank Vision Fund)
• Innovaccer, Inc.
• Tealium, Inc.
• Mercury Healthcare, Inc.
• Solix Technologies, Inc.
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• Highest number of market tables and figures
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• Assured post sales research support with 10% customization free
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence
Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’
– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.
The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence
IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.
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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
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