Artificial Intelligence
Digital Health Market Size Will Achieve USD 1,041 Billion by 2030 growing at 21.6% CAGR – Exclusive Report by Acumen Research and Consulting
NEWYORK, Aug. 19, 2022 (GLOBE NEWSWIRE) — NEWYORK, August 19, 2022 (GLOBE NEWSWIRE) – The Global Digital Health Market Size is valued at USD 181 Billion in 2021 and is estimated to achieve a market size of USD 1,041 Billion by 2030; growing at a CAGR of 21.6%.
The World Health Organization defines digital health as a broad umbrella term that incorporates eHealth as well as the application of new and sophisticated technologies such as artificial intelligence (AI), big data, genomics, and many more. The goal of digital health is to provide cost-effective and enhanced medical services by combining technology and healthcare. The latest trend in the digital health market is the increasing innovation in health tracking apps and wearables. Furthermore, the increased usage of telehealth, telemedicine, and personalized medicine is likely to generate significant digital health market revenue between 2022 and 2030.
The United States Food and Drug Administration (FDA) is heavily invested in the digital health industry in order to monitor innovation and the advancement of existing approved medical devices. Software as a Medical Device, AI/ML in Software as a Medical Device, telemedicine, medical device data systems and interoperability, and wireless medical devices are some of the topics on which the FDA focuses. The World Health Assembly adopted the WHO Global Strategy on Digital Health in 2020, which provides a path for connecting the latest breakthroughs in innovation and digital health and putting these capabilities to use to enhance health outcomes. This involvement of global organizations in the industry is fueling the digital health market demand.
Request For Free Sample Report @
https://www.acumenresearchandconsulting.com/request-sample/874
Report Coverage:
| Market | Digital Health Market | |
| Digital Health Market Size 2021 | USD 181 Billion | |
| Digital Health Market Forecast 2030 | USD 1,041 Billion | |
| Digital Health Market CAGR During 2022 – 2030 | 21.6% | |
| Digital Health Market Analysis Period | 2018 – 2030 | |
| Digital Health Market Base Year | 2021 | |
| Digital Health Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Component, By Technology, And By Region | |
| Digital Health Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | AT&T Inc., Allscripts Healthcare Solutions Inc., Aruba Networks, Inc., Apple Inc., Alcatel-Lucent Corporation, Agfa-Gevaert N.V., AirStrip Technologies LP, Cerner Corporation, Symantec Corporation, Cisco Systems, Inc., Siemens Healthcare Epic Systems Corp., Qualcomm, Inc., and Philips Healthcare. | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
COVID-19 Impact on the Global Digital Health Market Value
The COVID-19 pandemic has caused major disruptions in healthcare, both directly from the infectious illness outbreak and indirectly via public health measures to prevent transmission. Because of this disruption, capacity, demand, and even related factors of healthcare have experienced significant dynamic variations. As a result, many countries have had to reconsider the traditional face-to-face physician-patient care model, with digital technology and alternative models of healthcare being quickly adopted to meet the pandemic’s varied difficulties. Wearables, healthcare tracking apps, in-home treatment, and internet consultation were all popular during the COVID-19 outbreak. As a result, medical professionals and patients placed a high value on digital treatment. Aside from that, the use of telemedicine and personalized medicine increased dramatically as a result of the coronavirus epidemic. This factor also supported the digital health market size.
Digital health can improve healthcare through boosting individual access to healthcare services, improving population health, and improving the experience of getting or providing care. COVID-19 has sparked fresh interest in digital health solutions among both patients and healthcare providers. Telehealth and artificial intelligence (AI) are among the fundamental technology domains, which are backed by additional technology domains like the internet of things (IoT), big data analytics, block chain, and next-generation networks (e.g., 5G).
Digital Health Market Dynamics
The increased prevalence of chronic diseases, as well as the rise of infectious diseases, are significantly driving the digital health market growth. According to the International Diabetes Federation (IDF), more than 537 million persons have diabetes in 2021. This figure is expected to exceed 640 million by 2030 and 780 million by 2045. Another element driving the global digital health market revenue is the digitization of medical devices. Some current digitalization developments in medical devices include remote patient monitoring, mobility, automation, efficiency, precision, and tailored medicines.
Increasing funding for mHealth companies from commercial and public government organizations would boost the digital health market share in the future years. The American Telemedicine Association (ATM), for example, teamed with a UK-based digital health startup to create a new resource for rating mHealth apps. Furthermore, considerable improvements in healthcare infrastructure across nations are enhancing the digital health business value.
However, cybersecurity concerns and large capital investments may act as a deterrent to the business. The growth of healthcare IoT and cloud computing in the medical device business raises concerns about potential cyberattacks. Furthermore, by incorporating AI and machine learning, cyberattacks can be minimized because they can be utilized to detect real-time threats. As a result of the importance of AI, machine learning, and big data, the market will have several growth opportunities in the next years.
Check the detailed table of contents of the report @
https://www.acumenresearchandconsulting.com/table-of-content/digital-health-market
Digital Health Market Segmentation
The global market is divided into three segments: component, technology, and region.
The component segment is further categorized into hardware, software, and services. According to our digital health market forecast, the services sub-segment is likely to lead the market with maximum shares during the forecast timeframe from 2022 to 2030. The high growth in the segment is credited to the rising need for several services in digital health such as maintenance, installation, training, and staffing.
Based on technology, the market comprises telehealth (activity monitoring, LTC monitoring, video consultation, remote medication management, and others), health analytics, mhealth, bp monitor, pulse oximeter, glucose meter, sleep apnea monitors, neurological monitors, digital health systems, and others. According to our digital health industry analysis, the telehealth sub-segment will achieve a significant market share from 2022 to 2030.
Digital Health Market Regional Outlook
North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa comprise the worldwide digital health market. According to our digital health regional study, the North American area dominated the market in 2021 and is expected to continue to do so in the years ahead, from 2022 to 2030. The rising prevalence of chronic diseases in the United States and Canada is primarily driving the growth of the North American digital health market. According to the Centers for Disease Control and Prevention, more than 38 million people in the United States have diabetes. Factors boosting the North American market include early acceptance of technologies, the presence of advanced healthcare infrastructure, developments in internet connectivity, and lucrative funding choices.
In terms of growth, the Asia-Pacific area is expected to post a significant increase in the coming years. Growing smartphone penetration, favorable government initiatives, expanding digitization in countries such as China, India, and Japan, as well as the region’s developing trend of wearable technology, are all boosting the growth of the Asia-Pacific digital health market.
Buy this premium research report –
https://www.acumenresearchandconsulting.com/buy-now/0/874
Digital Health Market Players
Some prominent digital health companies covered in the industry are Agfa-Gevaert N.V., AirStrip Technologies LP, All scripts Healthcare Solutions Inc., Alcatel-Lucent Corporation, Apple Inc., Aruba Networks, Inc., AT&T Inc., Cerner Corporation, Cisco Systems, Inc., Epic Systems Corp., Philips Healthcare, Qualcomm, Inc., Siemens Healthcare, and Symantec Corporation.
Browse More Research Topic on Healthcare Sector:
The Global Immune Health Supplements Market accounted USD 15,567.8 Million in 2020 with a considerable CAGR of 7.5% during the analysis period of 2021 to 2028.
The Global Healthcare Informatics Market size accounted for USD 34,774 Million in 2021 and is estimated to reach USD 98,679 Million by 2030, with a significant CAGR of 12.4% from 2022 to 2030.
The Mental Health App Market is expected to grow at a CAGR of around 24.2% from 2020 to 2027 and projected to reach the market value of around USD 3,709.2 Million by 2027.
About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
For Latest Update Follow Us on Twitter and, LinkedIn
Contact Us:
Mr. Richard Johnson
Acumen Research and Consulting
USA: +13474743864
India: +918983225533
E-mail: [email protected]
Artificial Intelligence
Add Value Machine, ADCB and Amazon Web Services (AWS) Successfully Conclude UAE’s First-Ever Generative AI Hackathon in the Banking Sector
ABU DHABI, UAE, June 17, 2024 /PRNewswire/ — Add Value Machine (AVM), a leading provider of secure generative AI platforms, and Abu Dhabi Commercial Bank (ADCB), one of the largest banks in the UAE, have successfully concluded the groundbreaking ADCB Generative AI Hackathon. The event, which took place in Abu Dhabi, marked the first time a UAE bank has conducted a hackathon focused on exploring the potential of generative AI in the banking sector.
“We are thrilled to have partnered with ADCB and AWS to host this groundbreaking hackathon,” said John Shaw, CEO of Add Value Machine. “Our secure generative AI platform has enabled ADCB to explore innovative solutions that can drive meaningful business impact across the bank. This event showcases the immense potential of generative AI in the banking sector, and we look forward to working with ADCB to bring the most impactful use cases into production.”
The hackathon brought together nearly 120 participants from ADCB, AVM and Amazon Web Services (AWS) collaborated to structure the event around key business outcomes, focusing on the most relevant ROI generative AI use cases in procurement, engineering, retail banking, and treasury.
Sean Langton, ADCB’s CIO, reflected on the event’s success, stating, “Generative AI is the perfect technology for a hackathon – it has unlimited opportunity to improve our business and customer experience but also presents emerging risks we need to be mindful of. Thanks to our partnerships with Added Value Machine and AWS, we’ve been able to build several AI ‘bots’ in a safe way in just a day. I can’t wait to see the first of these up and running in production in the coming days.”
All use cases developed during the hackathon were built on AVM’s observability, governance and compliance generative AI platform. AVM and AWS are now working closely with ADCB to accelerate the most impactful use cases into production, ensuring that the bank can quickly realize the benefits of generative AI technology.
Ravi Singh, President and CTO of Add Value Machine, expressed his enthusiasm for the collaboration, stating, “It’s inspiring to witness the passion and unity of purpose at ADCB. The combination of visionary leadership and technical expertise has resulted in a thoughtful, measured approach to generative AI adoption. We are proud to be part of this transformative journey.”
ADCB plans to conduct regular hackathons to foster a culture of innovation and explore new applications of generative AI technology across its business operations.
About Add Value Machine:AVM is a leading Generative AI security company that provides 360-degree observability, enabling enterprises to monitor all of the Generative AI usage no matter where it happens. The accelerated use of generative AI at large corporations has also accelerated customer data leakage and presents new challenges for companies looking to maintain security compliance. At AVM, we believe that the accelerated adoption of Generative AI needs the strict adoption of advanced security protocols.
Contact:Julie [email protected]
Logo – https://mma.prnewswire.com/media/2430009/AVM_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/add-value-machine-adcb-and-amazon-web-services-aws-successfully-conclude-uaes-first-ever-generative-ai-hackathon-in-the-banking-sector-302173328.html
Artificial Intelligence
Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace
Addition will expand access to Altair’s digital engineering experience
TROY, Mich., June 17, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One®, Altair’s cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation, data analytics, and high-performance computing (HPC) capabilities.
Altair One is designed for collaborative engineering, data engineering, and analytical application development. Built on a robust HPC backbone, Altair One provides seamless, unified access to tools, data, and computing resources while unleashing the power of artificial intelligence (AI) across every step of the product development life cycle.
Google Cloud Marketplace customers can now leverage Bring Your Own Cloud (BYOC) functionality to run Altair simulation, AI, and data analytics applications.
“The integration of Altair One with the Google Cloud Marketplace empowers Google Cloud users to effortlessly unlock a world of innovative solutions. This collaboration will fuel engineering breakthroughs with the power of Google Cloud’s adaptable, flexible, and scalable cloud infrastructure,” said Sam Mahalingam, chief technology officer, Altair. “This integration aligns perfectly with our core mission of equipping businesses for digital success and making powerful software solutions readily accessible to users.”
“Bringing Altair One to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, managing director, Marketplace and ISV GTM Programs, Google Cloud. “Altair can continue to securely scale and support customers on their digital transformation journeys.”
Altair One is the gateway that empowers organizations to mature into digital enterprises by breaking down data silos, connecting virtual models, optimizing their compute infrastructure, and digitizing key processes. It provides all the tools to create a “One Total Twin” of a product throughout its lifecycle, “One Traceable Thread” connecting all data stages, and a “Single Source of Truth” for all models and data. This all-in-one platform automates data capture, empowers better decision-making, enhances performance management, and ultimately accelerates engineering processes for a seamless digital experience.
To learn more, visit https://console.cloud.google.com/marketplace/product/altair/altair-one-private?hl=en&project=altair-public.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
[email protected]
Photo – https://mma.prnewswire.com/media/2438952/Altair_AltairOne_Google_Marketplace.jpgLogo – https://mma.prnewswire.com/media/1421069/Altair_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/altair-one-cloud-innovation-gateway-now-available-on-google-cloud-marketplace-302173139.html
Artificial Intelligence
IBS Software Announces Appointment of New Chief Executive Officer Somit Goyal
DUBAI, UAE, June 17, 2024 /PRNewswire/ — IBS Software, a leading SaaS solutions provider to the travel industry globally, has appointed Somit Goyal as its new Chief Executive Officer (CEO), effective immediately. Somit succeeds Anand Krishnan, who served as CEO of IBS Software since 2018.
Somit Goyal brings a wealth of experience in the enterprise software sector, having held leadership roles at globally renowned companies such as Microsoft, SAP, Oracle and AOL.
During his 11-year tenure at Microsoft, Somit held several leadership roles across strategy, operations, sales and customer success. In his last role, he managed the global sales of Microsoft’s Modern Work cloud business, and before that, Somit served as the Chief Operating Officer of Microsoft’s Public Sector business worldwide. Somit also conceived and established the Customer Success function at Microsoft, an area of growing importance for IBS Software as it continues to expand globally.
Most recently, Somit served as President and COO of Pluralsight, a SaaS company, where he oversaw product, engineering and GTM functions.
“Somit’s impressive experience in operating global SaaS businesses, leading diverse teams, and managing all facets of enterprise software make him exceptionally well-suited to lead IBS Software during this exciting phase of growth,” said V K Mathews, Executive Chairman of IBS Software. “IBS Software is at a pivotal point in its trajectory as we continue to innovate to better serve our customers. I am confident Somit will help unlock our full potential.”
With a comprehensive portfolio of modular, cloud-based solutions purpose-built for the travel industry, IBS Software helps travel companies accelerate innovation and drive efficiency across a broad set of core business processes, including passenger services, flight operations, cargo and logistics, loyalty management, cruise operations, energy & resource logistics and hospitality businesses.
“With a broad portfolio of industry leading products, marquee customers and a talented team, with deep domain expertise IBS Software stands at the forefront of travel industry innovation. I couldn’t be more excited to join IBS Software and help lead it through its next exciting chapter.” said Somit Goyal, who holds an electrical engineering degree from the Indian Institute of Technology (IIT) in New Delhi, India and an MBA from INSEAD, France.
Somit will report directly to IBS Software Executive Chairman V K Mathews.
ABOUT IBS SOFTWARE
IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel and air cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call centre, booking engine, loyalty and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.
Further information can be found at www.ibsplc.com Follow us: Blog | Twitter | LinkedIn | Facebook | Instagram
Photo – https://mma.prnewswire.com/media/2439582/IBS_Software.jpgLogo – https://mma.prnewswire.com/media/1169353/IBS_Software_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ibs-software-announces-appointment-of-new-chief-executive-officer-somit-goyal-302173590.html
-
Artificial Intelligence7 days agoADP Rings NASDAQ Opening Bell Celebrates 75 Years at the Forefront of Payroll & HR Innovation
-
Artificial Intelligence3 days agoBorderless AI & Cohere team up to build a custom-trained AI model for HR professionals, taking on Deel and Remote.com
-
Artificial Intelligence7 days agoTraceLink Partners with Genpact to Expand Delivery of Digital Supply Chain Innovation for Healthcare and Life Sciences Sectors
-
Artificial Intelligence7 days agoEmpowering data practitioners will help shape generative AI deployment for enterprise, says new MIT Technology Review Insights research report
-
Uncategorized6 days agoHughes Europe Expands into Military, Defence & Government Sectors with Launch of Konnect VHTS Services in Collaboration with Telespazio
-
Uncategorized5 days ago
AI Could Transform UK’s Public Finances as Labour Touts Gains
-
Artificial Intelligence3 days agoLoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
-
Artificial Intelligence3 days ago
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
