|By Business Wire||
|June 3, 2014 06:19 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/7726qc/health_insurance) has announced the addition of the "Global Health Insurance Exchange (HIX) IT Market Report 2014-2018: Type, Phase, Component & End User Analysis" report to their offering.
The global market is valued at an estimated $1.6 billion in 2013 and is expected to grow at a CAGR of 10.5% during the forecast period (2013-2018).
The Health Insurance Exchange (HIX) IT market includes the revenue generated by IT vendors mainly in terms of planning, designing, and implementing exchanges, system integrations, program management, operations, and maintenance. This report studies the health insurance exchange IT market by exchange type, phase, component, end user, and geography.
The global market is significantly dominated by the U.S. carrying a share of over 95%. The U.S. is expected to continue to lead this market during the forecast period. 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 HIXs. Currently, Asia and the Rest of the World do not have a measurable stake in this market. However, increasing HCIT and HIE adoption, decent IT skills, and the increasing outsourcing trend will generate revenue in terms of private exchanges in this market in the near future.
The market is driven by several factors such as federal health insurance mandates, federal funding, trend toward defined contribution model, and drive to reduce healthcare costs and make healthcare affordable, growing healthcare IT adoption, and the shift toward integrated environments. Growth is mainly driven by private exchanges and operational and maintenance activities for public exchanges. Cloud-based computing shows a great opportunity in the HIX market.
Scope of the Report
- Public Exchange
- - State-based Exchange
- - Federally Facilitated Exchange (FFE)
- - State Partnership Model
- Private Exchange
- - Multi-carrier Exchange
- - Single-carrier Exchange
- Pre-implementation Services
- Implementation/Exchange Infrastructure Delivery
- - System Development and Deployment
- - System Integration and Interfacing
- - System Software Components
- Program Management and Independent Verification and Validation (IV&V) /Quality Assurance (QA)
- Operations and Maintenance
- Government Agencies
- Third Party Administrators (TPAs), Brokerage Firms, and Consultancies
- Health Plans/Payers
- Accenture Plc
- Cgi Group, Inc.
- Connecture Inc.
- Cognosante, Llc
- Hcentive, Inc.
- Oracle Corporation
- Xerox Corporation
For more information visit http://www.researchandmarkets.com/research/7726qc/health_insurance
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Sep. 4, 2015 03:30 PM EDT Reads: 539
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Sep. 4, 2015 03:30 PM EDT Reads: 974
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Sep. 4, 2015 03:30 PM EDT Reads: 466
Sep. 4, 2015 03:00 PM EDT Reads: 226
Sep. 4, 2015 02:12 PM EDT
Sep. 4, 2015 02:00 PM EDT Reads: 229
Sep. 4, 2015 02:00 PM EDT Reads: 271
Sep. 4, 2015 01:45 PM EDT Reads: 650
Sep. 4, 2015 12:30 PM EDT Reads: 121
Sep. 4, 2015 12:00 PM EDT Reads: 502
Sep. 4, 2015 12:00 PM EDT Reads: 297
Sep. 4, 2015 12:00 PM EDT Reads: 110
Sep. 4, 2015 11:45 AM EDT Reads: 585
Sep. 4, 2015 11:45 AM EDT Reads: 401
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 4, 2015 11:00 AM EDT Reads: 193