Globally, the asset tracking and inventory management solutions market is expected to grow with a CAGR of 14.6% during the forecast period from 2025 to 2033 and is expected to reach a market value of US$ 64.55 Bn by 2033. Asset tracking and inventory management solutions are used for managing various inventories and tracking.
The global deception technology market garnered a value of US$ 1.74 Bn in 2021 and is likely to witness noteworthy growth, with a CAGR of 10.9% during the forecast period from 2025 to 2033. In recent years, the world has witnessed a surge in advanced cyber-attacks. These attacks are increasing at a rapid pace both in number and complexity. To thwart the vicious trend of suspicious activities and cyber-attacks, the security community has developed and proposed numerous solutions to enhance the security of networks and information systems across several end-use verticals.
Globally, the talent acquisition and staffing technology & services market is expected to grow with a CAGR of 6.5% during the forecast period from 2025 to 2033. The market growth is primarily driven by the increasing focus by the organizations on recruitment marketing, brand building, employee engagement and culture development is the primary factor driving the market growth. The organizations are focusing heavily on the brand development strategies to acquire talent, increase employee retention rate and offer higher employee engagement.
Globally, the IBM Bluemix services market is expected to grow with a CAGR of 26.1% during the forecast period from 2025 to 2033 and had been estimated to register a market value of US$ 51.00 Bn by 2033. The IBM Bluemix is a type of service model developed by IBM Corporation where the developers can use it for developing and sharing the information. The Bluemix services is a Platform as a service (PaaS) model where the providers are allowed to share messaging engines, databases, solution stacks for application build, development and deploy them.
The global market for insurance fraud detection expected to reach $35.7 billion by 2033 from $55.4 billion in 2024, at a CAGR of 23.1%. Because of the rapid adoption of insurance fraud detection technology among organisations in this region, North America is anticipated to hold the largest market size in the detection of insurance fraud and is anticipated to hold the maximum market during the forecast period. The presence of a large number of insurance fraud detection solution and service providers in this region is also expected to drive the market growth during the forecast period.
Globally, the customer experience management market is expected to grow with a CAGR of 14% during the forecast period from 2021 to 2029, up from US$ 8.70 Bn in 2020. The growth of the market is attributed to the increasing demand among the enterprises to provide the better customer experience. As the competition among the market players is fueling, the organization started focus on providing better customer experience to reduce the churn rate and gain customer loyalty. To address these challenges, the enterprises are looking for advance software solutions to monitor the customer experience. The customer experience software offers enterprises wide range of tools and practices to determine the market dynamics and fulfill their customer requirements.
Mobile Edge Computing (MEC) is a network architecture perception that allows an IT service environment and cloud computing capabilities at the edge of the cellular network. The global mobile edge computing market is expected to grow at an exponential CAGR of 51.4% during the forecast period of 2025-2033.
The global change management software market expected to witness a noteworthy growth, expanding at a CAGR of 12.8% during the forecast period from 2021 to 2029. The growth of this market is mainly credited to the increase in digital transformation and automation of IT applications and processes. Change management is an ITSM (information technology service management) discipline. Its objective is to keep a track and check whether standardized procedures and methods are adopted for prompt handling of changes. The rate of change has been accelerating incessantly.
The electronic health records (EHR) market has emerged as a transformative force in the healthcare industry, reshaping the way patient information is managed and leveraged. The EHR market is expected to grow at a CAGR of 4.5% during the forecast period of 2025 to 2033. The electronic health records market is expected to continue its transformative impact on healthcare, driven by factors such as enhanced clinical decision-making, regulatory initiatives and incentives, and cost reduction and efficiency gains.
Global fuel cells market was valued at US$ 5.5 Bn in 2020 and set to grow at a CAGR of 19.6% throughout the forecast period from 2021 to 2029. Technological advancement, government mandates on environment safety and subsidiaries along with improved manufacturing efficiencies are some of the prime factors accounted for exaggerated demand for fuel cells worldwide. The global appetite for fuel cell products expected to increase in dramatic fashion over the next decade.
In terms of revenue, the worldwide healthcare IT market is projected to reach $1300 billion by 2030, expanding at a CAGR of 20% between 2023 and 2030. The usage of e-prescribing, telemedicine, mHealth, and other HCIT solutions drives the market's expansion. Yet, interoperability challenges and security concerns pose certain obstacles to the expansion of the worldwide market.
The epidemic has significantly increased the load on healthcare organizations around the world. The strain on healthcare institutions to develop a well-coordinated environment in which all clinical devices are connected internally and the organization operates in tandem with other healthcare units are great. According to Worldometer, as of December 5, 2022, there were around 650 million verified COVID-19 cases and 66 million deaths worldwide. Several countries' healthcare systems are confronting a severe lack of hospital beds, healthcare professionals, and basic medical equipment due to the rising number of illnesses. So, hospitals and other care facilities are compelled to implement capacity management tools to track COVID-19 patients and manage illness development.
During the COVID-19 pandemic, healthcare providers boosted the usage of interoperability tools to improve healthcare management, price transparency, and specialty pharmaceuticals, according to the Surescripts 2020 National Progress Report. When Surescripts added an additional 63,000 prescribers and 1.91 billion ePrescriptions in 2020, the overall number of ePrescriptions crossed 1 million for the first time. The number of electronic prescriptions for restricted medications increased by 52% between 2019 and 2020, from 134.2 million to 203.6 million. In the first month of COVID-19, there was a 72.5% increase in the number of electronic prescriptions written via telehealth.
In response to increasing pressures on health systems to decrease the cost of treatment, the industry is migrating toward outpatient settings in an effort to lower care costs. An outpatient surgery center procedure is projected to be 30 to 60 percent less expensive than an inpatient hospital procedure. Moreover, convenience is a significant element propelling the growth of ambulatory care. The need for and utilization of HCIT solutions in outpatient settings will increase as the number of outpatient settings and patients increases.
According to a United Health (US)-sponsored survey, around 10% of US hospitals implemented HCIT clinical documentation improvement projects for outpatient settings. In the next six months, it is intended to execute an additional 10% of these services. In addition, fourteen percent of hospitals intended to use innovative solutions in the near future. In the next years, this trend is anticipated to increase the usage of HCIT solutions, such as RCM systems, in outpatient settings.
In addition, as a result of the benefits of HCIT solutions, a number of federal agencies support their use in outpatient care settings. In June 2021, for example, the United States government allocated USD 80 million to a new public health informatics and technology program. This has increased the use of HCIT solutions by stakeholders in outpatient care facilities in an effort to improve patient care and results. Moreover, as a result of the advantages of web-based management for continuous care, an increasing number of patients are opting for outpatient care.
Acute Market Reports is a market research and strategic consulting company that focuses on the Healthcare IT market specifically as its primary area of expertise. Our customers are able to reap the benefits of Acute Market Reports' forward-thinking research methodology, which enables them to make well-timed and well-considered decisions regarding their businesses. In order to deliver cutting-edge strategic research solutions to our international clients, we work closely with a wide range of industry stakeholders.
