Health Insurance Exchange (Implementation, QA, Operations) IT Market worth $2.6 Billion by 2018 – New Report by MarketsandMarkets
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This report studies the "Health Insurance Exchange (HIX) IT Market by Type (Public, & Private Exchanges), Phase (Implementation, QA, Operations), Component (Services, Software, Hardware), End User (Government Agencies, TPAs, Health Plans) - Trends & Global Forecasts to 2018." The market estimated at
Browse more than 73 market data tables with 14 figures spread through 174 pages and in-depth TOC on "Health Insurance Exchange IT Market"
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Despite the largest share carried by public exchanges, private exchanges overtake significantly in terms of market growth during the forecast period. The implementation phase dominates the global HIX market, by phase, in terms of revenue while operations and maintenance activities pose a great market growth potential owing to increasing post-implementation requirements such as facility support, network operations, systems management, hardware and software upgrades, storage management, system performance monitoring and reporting, trouble reporting and resolution, and disaster recovery services.
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Based on endusers, the market growth will be mainly driven by third party administrators (TPAs)/brokerage firms/consultanciesduring the forecast period.Among all HIX components, the services and software market is expected to have an edge over hardware due to periodic software upgradation and additional features required, recurring nature of services required for ongoing operations, and increasing shifttowards cloud and
The U.S. health insurance exchange IT market carries a lion's share in the global market and is yet poised to grow at the fastest CAGR during the forecast period owing to growing adoption of private exchanges. The European market currently has a miniscule market share, growing at a lower rate mainly due to economic crisis, cultural barriers to IT adoption, and lack of initiatives for implementing HIX. Currently,
Some leading players in the health insurance exchange IT market are
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