Top Companies in Healthcare ERP Market | Industry Major Players In-depth Analysis and Comprehensive Study by Vantage Market Research
Healthcare enterprise resource planning (ERP) has become a critical component of the global healthcare system.
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MARKET OVERVIEW
The Global Healthcare ERP Market is valued at USD 6.31 Billion in the year 2021 and is projected to reach a value of USD 9.16 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period. ERP systems are required to validate and process large volumes of data including financial and other information. Most of these pieces of information are about making money through insurance claims, patients, and other expenses. The ERP solution provides encryption-based information and assists in the analysis and delivery of real-time data. Because of these benefits, ERO deployment is gaining momentum in the healthcare sector.
The growing level of acceptance of ERP programs among small and medium enterprises contributes to increasing the demand for these programs to reduce operating costs and improve operational outcomes. Institutions and services quickly adopt cloud-distributed ERP programs because of the many benefits associated with them, such as low ownership costs, aging and flexible infrastructure, limited internal technology expertise, low-cost requirements, and consistent development. As local systems are costly and cost between USD 50 million and USD 150 million, small, and medium enterprises are rapidly embracing cloud-based ERP systems. Cloud-based systems do not require investment in advance and are based on recurring payments.
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Some of the key players operating in the Healthcare ERP Market are listed below:
|
Company Name |
Revenue in the US |
|
$184 Billion |
|
$41 Billion |
|
$836 Million |
|
$308 Million |
|
$8 Million |
|
$31 Billion |
|
$4 Billion |
|
$3 Billion |
|
$836 Million |
|
$66 Million |
Microsoft Corporation is an American multinational technology corporation that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. This is perhaps one of the most well-known technology companies in the world. Microsoft is a multinational company that originated in America. Founded by Bill Gates and Paul Allen in 1975 its headquarters are in Redmond Washington. Microsoft is in multiple businesses. Such as, developing and manufacturing as well as licensing and selling of computer software, personal computers, and other consumer electronics.
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization. The company sells database software and technology, cloud-engineered systems, and enterprise software products, such as enterprise resource planning software, human capital management software, customer relationship management software, enterprise performance management software, and supply chain management software.
Epicor Software Corporation is a business software company based in Austin; Texas founded in 1972. Its products are aimed at the manufacturing, distribution, retail, and services industries. Epicor provides enterprise resource planning, customer relationship management, supply chain management, and human capital management software to business customers in both software as a service and on-premises deployment models. The Company offers enterprise resource planning, manufacturing execution system, and distribution software. Epicor Software serves manufacturing, distribution, retail, hospitality, and services organizations.
QAD was founded in 1979 by Pamela Lopker, who serves as president. QAD initially developed proprietary software applications for manufacturing companies in Southern California. QAD Inc. is a software company that provides enterprise resource planning (ERP) software and related enterprise software to manufacturing companies. The company has customers in over 100 countries around the world. On June 28, 2021, it was announced that Thoma Bravo would acquire QAD Inc. in an all-cash transaction with an equity value of approximately US$2 billion.
Sage Software Solutions (P) Ltd. is one of the leading ERP and CRM software companies in India. The Sage Group plc. A market leader for integrated business management software in India, Sage Software Solutions (P) Ltd., boasts of a PAN-India presence with headquarters in Mumbai and offices and channel partners spread across India. Sage Software Solutions Pvt Ltd. is an independent distributor of The Sage Group plc in India. Sage Software Solutions Pvt Ltd is not an affiliate or a related entity of The Sage Group PLC.
SAP SE is a multinational software company. The Company develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services. SAP markets its products and services worldwide. SAP is the largest non-American software company by revenue, the world's third-largest publicly traded software company by revenue, and the largest German company by market capitalization.
Workday is a computer software company that makes cloud-based enterprise applications to manage financial and human capital resources as well as planning and analytics tools. The company offers its products and services to more than 9,500 organizations through software-as-a-service solutions that strengthen their workforce and manage its finances. Workday was founded by David Duffield, founder, and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.
Infor is a multinational enterprise software company, headquartered in New York City, United States. Infor focuses on business applications for organizations delivered via cloud computing as a service. Originally focused on software ranging from financial systems and enterprise resource planning (ERP) to supply chain and customer relationship management, in 2010 Infor began to focus on software for industry niches, as well as user-friendly software design. Infor deploys its cloud applications through Amazon Web Services, Azure, and various open-source software platforms.
IFS (Industrial & Financial Systems) is a provider of enterprise resource planning (ERP), enterprise asset management, and service management software founded in 1983. Its solutions are primarily used by customers who manufacture and distribute goods, build, and maintain assets and manage service-focused operations. The company serves the aerospace, defense, energy, utilities, engineering, construction, food and beverage, high tech, office equipment, manufacturing, oil and gas, property and commercial services, telecommunications, as well as service industries.
Deskera is Asia's one of the leading cloud companies with a mission to help businesses unlock their true value and achieve success using technology. Deskera Holdings Ltd., an investment holding company, provides cloud-based business management software products in the Asian SME market segment. It offers enterprise resource planning, customer relationship management, project management, human resource management systems, inventory, leave, eClaims, training, project management, and LMS software products.
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