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Electronic Health Records Software Market is anticipated to progress at a CAGR of 9.1% from 2022 to 2030, Data by Contrive Datum Insights

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Farmington, Jan. 30, 2023 (GLOBE NEWSWIRE) — The Electronic Health Records Software Market was valued at USD 14.2 Billion in 2022 and is projected to grow at a CAGR of 9.1% during the forecast period 2023-2030. The global market for software that maintains electronic health records is anticipated to increase by hundreds of millions of dollars between 2023 and 2030. Electronic health record (EHR) software is typically used to collect and digitally store patients’ medical information in a systematic manner. This software makes it easy to obtain more information about a patient, hence improving the overall productivity and effectiveness of patient care.

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It is anticipated that the use of EHR will increase over the next few years because to its various capabilities, ease of use, and applicability in numerous healthcare settings. Additionally, the use of artificial intelligence (AI) to anticipate clinical outcomes based on HER has altered the patient experience by improving care, and AI’s role in the creation of EHR software has contributed to the market’s expansion. During the COVID-19 outbreak, electronic health record software played a crucial role in maintaining patient records.

Electronic Health Records Software Market Recent Developments:

  • In June of 2021, Datavant and Ciox Health agreed into a definitive agreement to build the largest health data ecosystem in the country. It will facilitate the interchange of patient-level data between patients, providers, payers, health data analytics firms, patient-facing applications, government entities, and life science companies.
  • In May 2021, the federal Centers for Medicare and Medicaid Services (CMS) issued a proposed regulation titled “the Inpatient Prospective Payment Systems Rule” that will alter the way electronic health records support care. The modifications would update how hospitals share information through electronic health records systems, allowing physicians and nurses to give the best possible care.
  • In April of 2021, Microsoft Corporation bought Nuance Communications, Inc. with the intention of empowering healthcare providers via ambient clinical intelligence and other Microsoft cloud services.

Electronic Health Records Software Market Segmentation Analysis:

By type, the global market for electronic health record software is divided into the Ambulatory, Acute, and Post-Acute segments. In 2021, it is projected that the acute EHR category will hold the biggest market revenue share. This market sector is rising due to the implementation of electronic health records in small-scale services. In the United States, for instance, acute care clinics qualify for the Medicare incentive payment programme under the Prospective Inpatient Billing System (IPPS). The electronic health record for acute care generates patient data that include all clinical facts. In addition, these details are applicable to intensive care, emergency services, hospitalisation, and operating room requirements.

Based on product insights, the global electronic health record software market is segmented into web-based and client-server software. In 2021, it is projected that web-based EHR would have the biggest market revenue share. The growth of this market segment is due to its popularity among small-scale healthcare providers and physicians. Web-based EHRs can be installed without requiring in-house servers and provide considerable customization and enhancement options.

By End-User, the global electronic health record software market is segmented into Hospitals and Ambulatory. The Hospital EHR sector is predicted to hold a sizable percentage of market revenue in 2021. This segment’s growth can be attributed to hospitals’ collection of huge amounts of medical data. In addition, the installation cost of EHR software is far less than that of ambulatory care centres, which are the driving force of the market..

Regional Outlook:

In 2021, North America dominated the global market for electronic health record software and held the biggest revenue share. Government initiatives that encourage the adoption of EHR software and the presence of a robust healthcare infrastructure with high levels of digital literacy have contributed to the expansion. In March 2021, TELUS HealthCare will launch the next step of the digital integration of its employer-focused virtual care service, Akira by TELUS Health, with its electronic medical records.

Europe is second to North America in terms of electronic health record software market revenue share. Increasing research and development in healthcare and EHR industry need. The Digital Single Market policy of the European Commission enables the spread of the digital network and related services, which is anticipated to contribute to the expansion of the European economy. In February 2022, the European Commission, for instance, announced plans to invest €292 million in digital technology. Examples include blockchain infrastructure in Europe, digital solutions for improved government services, Artificial Intelligence (AI) for crime prevention, and AI testing facilities.

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Scope of Report:

Report Attributes Details
Growth Rate 9.1% from 2023 to 2030
Market Size in 2022 USD 14.2 Billion
By Type Ambulatory, Acute, Post-Acute
By Product Web Based, Client-Server Based
By End User Hospital, Ambulatory, (Physicians Clinic, Pharmacy, Laboratories)
By Companies Allscripts Healthcare, LLC, GE Healthcare, Cerner Corporation, Epic Systems Corporation, McKesson Corporation, NextGen Healthcare, Inc., CureMD Healthcare, Medical Information Technology, Inc., AdvancedMD, Inc., Greenway Health, LLC, and Others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Market Drivers:

During the forecast period, technological advancement is predicted to drive the market for electronic health record software. AI-generated software integrates flawlessly and offers a variety of features. Machine learning and natural language processing can aid in documenting a patient’s medical history, organising massive databases to retrieve vital documents, and assessing patient satisfaction. The combination of machine learning mode and natural language processing can aid healthcare professionals in translating speech-to-text recognition systems.

Market Restraints:

The cost of software for electronic health records inhibits market expansion. It is exceedingly costly to develop, implement, and maintain software for electronic health records. Due to their high cost, EHRs are difficult to implement in most emerging economies. In addition, developing AI-based algorithms and programmes is too costly for underdeveloped nations, which has hampered the business somewhat. Lack of qualified personnel and information on how to employ complicated AI and machine learning algorithms, as well as a lack of IT infrastructure in low-income nations, are anticipated to hinder the growth of the electronic health record software industry. Therefore, the high cost of EHR technology hinders industry expansion.

Market Opportunity:

As a result of government initiatives, industry acquisitions, collaborations, and implementations, electronic health record (EHR) software is increasingly utilised throughout the world. Governments are implementing measures to alleviate the administrative costs that EHR imposes on healthcare providers.

Electronic Health Records Software Market Key Segments Covered:

Top Market Players:
Allscripts Healthcare, LLC, GE Healthcare, Cerner Corporation, Epic Systems Corporation, McKesson Corporation, NextGen Healthcare, Inc., CureMD Healthcare, Medical Information Technology, Inc., AdvancedMD, Inc., Greenway Health, LLC, and Others.

By Type:

  • Ambulatory
  • Acute
  • Post-Acute

By Product:

  • Web Based
  • Client-Server Based

By End-User:

  • Hospital
  • Ambulatory
    • Physicians Clinic
    • Pharmacy
    • Laboratories

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • Rehabilitation Exercise Equipment Market – The Global Rehabilitation Exercise Equipment Market is expected to grow at a CAGR of 7.5% from 2023 to 2030. The North American market has been around for a long time and has a lot of players. The market is very competitive, and the players are always coming up with new ideas to offer the best products possible.
  • Residential Microwave Oven Market – The Global Residential Microwave Oven Market size is projected to grow at a CAGR of 5.5% during the forecast period, 2023-2030. With a revenue share of more than 40 percent in 2019, the Asia Pacific region maintained its dominant position on the worldwide market. This is because there is a significant demand in the region for easy-to-use cooking solutions, and there is also a growing presence of smart gadgets that are connected to the internet.
  • Electric Locomotive Engines Market – The Global Electric Locomotive Engines Market is expected to grow at a CAGR of 8.8% from 2023 to 2030. In terms of geography, the market for electric locomotive engines can be split into five major areas. Because more people in North America use technology and automation, it is the market leader around the world. In China, the market is growing quickly. China is expected to be the leader in the electric locomotive engine market because it has cheaper sources and the government will help it.
  • Electronic Access Control Systems Market – The Electronic Access Control Systems Market was valued at US$ 33.52 Billion. in 2022. The Global Electronic Access Control Systems Market size is estimated to grow at a CAGR of 11.21 % over the forecast period. In 2021, the Asia-Pacific region had the largest share of the market. Over the next 10 years, the Asia-Pacific region is expected to grow by a lot, at a CAGR of 10%. During the predicted time frame, the APAC region is expected to grow at a high CAGR. The APAC region has grown because it has become more acceptable for different companies to set up their production facilities there.

Customization of the Report: The report can be customized as per client needs or requirements. For any queries, you can contact us at [email protected] or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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May 24, 2024

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– 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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IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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May 24, 2024

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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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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
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
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
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Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
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atNorth Wins ‘Colocation Provider of the Year’ and ‘Digital Infrastructure Project of the Year’ at Industry Award Events

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May 24, 2024

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AtNorth recognized at the Electrical Review & Data Centre Review Awards and the Tech Capital Awards.
REYKJAVÍK, Iceland, May 24, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider has today announced further acknowledgement in the industry as it wins two significant awards.

The business has been awarded the `Colocation Provider of the Year’ award at the Electrical Review & Data Centre Review Awards. atNorth has undertaken a significant expansion strategy in recent years, that has ensured that the business can offer high performance infrastructure at speed and scale. This award reflects the business’ growth journey as it continues to innovate and adapt to technological advancements and client requirements.
atNorth has also won the `Digital Infrastructure Project of the Year’ at the Tech Capital Awards for its work with client, Shearwater Geoservices.  The global marine imaging and processing leader achieved a 92% reduction in CO2 output and an 85% reduction in cost by moving a portion of its UK HPC infrastructure to one of atNorth’s Icelandic data center sites.
Fueled by the abundant renewable power sources of the Nordics, atNorth`s services deliver performance and efficiency for high density workloads in a sustainable way that enables clients to decarbonize their IT footprint and reduce overall costs.
Winners are voted for by a panel of industry experts for both awarding bodies in a process that aims to recognize the outstanding achievements within the digital infrastructure industry.
“We are thrilled to receive these acknowledgments for our data center services”, says Eyjólfur Magnús Kristinsson, CEO at atNorth. “atNorth has experienced significant growth over the last couple of years and this industry recognition is a testament to our dedication to delivering excellence across the board. We are determined to continue decarbonizing the world’s most demanding workloads in an efficient, sustainable, and cost-effective way.”
The news follows atNorth’s announcements of colocation clients Crusoe, BNP Paribas and Advania. The business has also received recent recognition from multiple other awarding bodies including; the Datacloud Global Awards, the Energy Awards, TechRound’s Sustainability60 and the UK Green Business Awards.  
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads. 
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/atnorth/r/atnorth-wins–colocation-provider-of-the-year–and–digital-infrastructure-project-of-the-year–at-i,c3987735
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