Artificial Intelligence
Patient Portal Market Size to Hit USD 2.12 Billion by 2030 at 16.40% CAGR – Report by Market Research Future (MRFR)
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New York, USA, May 01, 2023 (GLOBE NEWSWIRE) — Patient Portal Market Overview
Market Research Future (MRFR) ‘s report highlights Patient Portal Market Information By Type, Delivery Mode, End User, and Region – Forecast till 2030, the market is expected to cross USD 2.12 Billion by 2030 at a CAGR of 16.40% during the forecast period.
Market Scope
Patients can access their health records using the patient portal, a web-based tool linked to electronic health records. Patients can communicate remotely and exchange health information. The industry is expanding due to factors such as rising EHR use and government requirements requiring the maintenance of health records. Growing patient-centricity adoption by healthcare payers and increased demand for EHRs are driving market expansion. As the digitalization of the healthcare sector quickens, EHRs are growing in popularity. The need for patient portals is growing as the government works on numerous initiatives to digitize the healthcare sector and harmonize the laws and infrastructure for maintaining medical records. Doctors, clients, pharmacists, and medical staff can access the patient portal easily. Anytime, from any location, you can access the patient portal. This indicates that it is secure and offers answers and services constantly. One of the key factors driving the market’s growth is the global rise in the occurrence of a wide range of disorders.
Another factor influencing market expansion is the increased focus on healthcare technological advancements paired with an ever-increasing geriatric population. The market development is being fueled by governments worldwide concentrating on creating the rules, framework, and standards for keeping medical history. The introduction of online platforms and the application of technology are currently many healthcare institutions’ top priorities. The initial intent of these systems was to build patient databases for disease diagnosis and therapy evaluation. Several other reasons drive the rise of the global patient portal market, including the increasing incidence of long-term illnesses, improving the use of big data and healthcare IT solutions, the rising number of government-led organizational strategies, and the advancement of hospitals.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 2.12 Billion |
| CAGR | 16.40% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Delivery Mode And End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing EHR adoption rate among payers as well as providers |
| Growing popularity of patient portals |
Patient Portal Market Competitive Landscape
The vital contributors in the patient portal market are:
- McKesson Corporation (US)
- Athenahealth (US)
- Allscripts Healthcare Solutions, Inc. (US)
- Cerner Corporation (US)
- NextGen Healthcare Information Systems, LLC (US)
- Greenway Health, LLC (US)
- Medfusion (US)
- Epic Corporation Inc. (US)
- GE Healthcare (US)
- Intelichart (US)
- eClinicalWorks (US)
- CureMD (US)
Patient Portal Market Trends:
Market Drivers:
Patient portal adoption by healthcare facilities is rising, helping the market expand. The expanding use of patient portals is also a result of rising interest in Electronic Health Records (EHR) and obligatory federal regulations. Users can utilize portals in the shape of handheld or web-based applications to save or retrieve important information. The market size for patient portals is anticipated to grow due to the advancements in healthcare services provided by mobile-based technologies, increased reliance on mobile technology, web-based client diaries, wearable technologies, and other digital techniques. Software firms create these portals as web-based or mobile applications that users can access to save or retrieve crucial documents.
Hospitals in developing nations also drive the patient portal market by implementing cutting-edge medical technology. The Internet of Things (IoT), Artificial Intelligence (AI), and big data would be combined with other breakthroughs to achieve this, improving patient-doctor relationships and offering accessible healthcare services. The massive cost of acceptance and implementation of these tools and worries about data security and privacy are significant impediments to the industry’s growth. The COVID-19 epidemic, the surge in the incorporation of mobile-based health systems, and the expanding government backing through the introduction of growth-promoting policies, guidelines, and regulations are all driving forces behind the industry. In addition, hospitals in developing nations are also increasingly utilizing healthcare technologies, fueling the market for patient portals.
Market Restraints:
The escalating privacy and data security concerns will slow the market growth rate. The market will face additional difficulties due to a lack of robust IT infrastructure, particularly in developing and undeveloped economies. The infrastructure’s hefty cost will also slow the market’s expansion rate. However, the expensive cost of integrating and deploying such tools and worries about data privacy and security are significant barriers to the market’s expansion.
COVID 19 Analysis
Lockdowns were imposed nationwide as COVID-19 spread, and non-urgent scheduled hospital visits and admissions were stopped globally. Several patients, particularly those elderly or from less developed nations, could not access the technology required for patient portal services due to financial and technological hurdles. In response, during the pandemic, both the public and private sectors established new websites and services. Although the COVID-19 epidemic initially positively affected the market, it has now lost some of its momentum. Yet, it is anticipated to rise steadily over the projection period. The demand for digitizing paper-based health records is predicted to rise due to evolving rules and the global uptake of digital health techniques. Also, technology firms already serving healthcare providers with software and services can grow their clientele by securing customers like pharmaceutical firms involved in clinical trials.
Browse In-depth Market Research Report (120 Pages) on Patient Portal: https://www.marketresearchfuture.com/reports/patient-portal-market-10748
Patient Portal Market Segmentation
By end user, the market includes payers, providers, and pharmacies. By type, the market includes standalone patient portals and integrated patient portals. By delivery mode, the market includes web-based delivery and cloud-based delivery.
Patient Portal Market Regional Outlook
North America now dominates the patient portal market in terms of both market share and revenue, and this dominance is anticipated to increase during the projected period. This is brought about by healthcare systems tailored to the needs of individual patients, advances in medical technology, and an increase in the demand from doctors for electronic health information. On the other hand, due to the region’s booming healthcare sector and continuously rising senior population, Asia-Pacific is predicted to have the highest growth rate during the forecast period. The patient portal market in Europe is anticipated to have a sizable market share in 2020. The implementation of digital therapeutic interactions at major institutions is likely to assist in an increase in the regulatory criteria for storing patient health information in Europe.
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Due to a growing digital infrastructure for database administration and an increase in the number of national government portals being developed, the Asia-Pacific industry has experienced rapid expansion. Infrastructure for keeping databases on servers is well-developed in nations like Singapore, Australia, China, and Japan.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
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“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
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“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
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We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
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Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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