Healthcare ERP Consulting Services Market to Reach $9.44 Billion by 2029 | Key Drivers and Future Outlook
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What Is the Growth Rate of the Healthcare ERP Consulting Services Market?
There has been an accelerated growth in the size of the healthcare ERP consulting services market in the past few years. The market, which was valued at $5.57 billion in 2024, is set to increase to $6.2 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.2%. This growth in the historical period can be credited to several factors, such as enhanced integration of data, better control over costs, improved administrative efficiency, the automation of workflow, and the integration of electronic health records.
What Growth Rate Is Forecasted for the Healthcare ERP Consulting Services Market by 2029?
The market size of healthcare ERP consulting services is projected to expand significantly in the forthcoming years, reaching an estimated $9.44 billion by 2029, with an annual compound growth rate (CAGR) of 11.1%. The anticipated growth during the forecast period can be ascribed to factors like models of value-based care, expansion of telehealth, cybersecurity and data protection measures, effects on sustainability and the environment, and preparedness for pandemics. Key trends predicted for this period encompass digital transformation strategies, ERP solutions based on the cloud, integration of data analytics, patient engagement solutions, and the incorporation of artificial intelligence and machine learning in ERP.
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Which Key Companies Are Shaping the Future of the Healthcare ERP Consulting Services Market?
Major companies operating in the healthcare ERP consulting services market include Accenture plc, Deloitte Touche Tohmatsu, PricewaterhouseCoopers, Premier Inc., Workday Inc., Infor Inc., Atos Information Technology GmbH, Avaap USA LLC, Infosys Limited, Allscripts Healthcare LLC, Azalea Health, SAP SE, Wipro Limited, KPMG International Limited, Clarkston Consulting, JDC Systems Innovations, The RockWood Group INC., AIM Solutions, Alithya Group Inc., LeverX International LLC, Panorama Consulting Group, Traust Patrons LLP, Traction Consulting Group, Cognizant Technology Solutions India Private Limited, HCL Technologies, IBM Corporation, Tata Consultancy Services Limited, Tech Mahindra Limited, Ernst & Young Global Limited, McKinsey & Company, Boston Consulting Group, Bain & Company
Which Factors Are Driving Demand in the Healthcare ERP Consulting Services Industry?
The growth of the healthcare ERP consulting services market is projected to be fueled by a rising adoption of ERP systems. ERP systems, which encompass software and systems utilized to manage and plan core services, supply chains, manufacturing, and financial functions of an organization, are being utilized by healthcare institutions to maximize productivity and effectiveness. They leverage ERP solutions to enable critical decision-making for improved healthcare consulting outcomes. For instance, Software Connect, a US software firm, reported in September 2023 that interest in cloud-based ERP systems had spiked to 42% in 2022. Initiation of the software purchasing process is predominantly done by company owners and C-suite executives, who accounted for 50.8% of such cases. Consequently, the introduction and implementation of an ERP system is boosting the growth of the healthcare ERP consulting services market.
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How Is the Healthcare ERP Consulting Services Market Segmented by Several Divisions?
The healthcare ERP consulting services market covered in this report is segmented –
1) By Functionality: Implementation, Training And Education, Other Functionalities
2) By Deployment: On Premise, Cloud
3) By End-User: Life Science Companies, Healthcare Providers, Other End-Users
Subsegments:
1) By Implementation: System Integration, Configuration, Data Migration
2) By Training and Education: User Training, Administrator Training, Ongoing Education Programs
3) By Other Functionality: Process Optimization, Change Management, Compliance And Regulatory Support
What are the Emerging Market Trends Driving the Growth of the Healthcare ERP Consulting Services Industry?
Leading firms in the healthcare ERP consulting services sector are pioneering sophisticated solutions that encompass healthcare-centric features. These new innovations allow organizations to fine-tune their operations and boost patient care via customized enterprise resource planning systems. Healthcare-centric features refer to characteristics and functionalities developed to fulfil the distinctive demands of the healthcare sector. For example, Oracle Corporation, an American computer software firm, introduced the Fusion Cloud Applications Suite in September 2023. This came equipped with new healthcare-centric features targeted at augmenting operational efficiency and patient care. The healthcare-centric features span financial consolidation and reporting, procurement, replenishment planning, and recall management. These elements will be assimilated into the Oracle Fusion Cloud ERP, Oracle Fusion Cloud EPM, and Oracle Fusion Cloud SCM.
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Which Regions Are Driving Growth in the Healthcare ERP Consulting Services Market?
North America was the largest region in the healthcare ERP consulting services market in 2024. The regions covered in the healthcare ERP consulting services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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This Report Delivers Insight On:
1. How big is the healthcare erp consulting services market, and how is it changing globally?
2. Who are the major companies in the healthcare erp consulting services market, and how are they performing?
3. What are the key opportunities and risks in the healthcare erp consulting services market right now?
4. Which products or customer segments are growing the most in the healthcare erp consulting services market?
5. What factors are helping or slowing down the growth of the healthcare erp consulting services market?
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