(EMAILWIRE.COM, August 24, 2018 ) The healthcare provider network management market is expected to reach USD 2.96 Billion in 2020 from USD 1.78 Billion in 2015, growing at a CAGR of 10.7%. The market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to grow at the highest rate during the forecast period.

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Implementation of stringent federal mandates in the U.S., growing focus on improving quality of care through the effective use of payer reporting requirements are the major factors driving this market. However, High cost of deployment is likely to restrain the growth of the market. Moreover, Reluctance of users to migrate from legacy systems is likely to pose challenge to the growth of the market.

The global healthcare provider network management market is segmented on the basis of component. By component, this market is categorized into services and platforms/software. In 2015, the services segment is estimated to account for the larger share of the market and expected to grow at the fastest rate during the forecast period. The services market is further divided into internal services and outsourcing services. In 2015, the internal services segment is likely to account for the larger share of the services market while the outsourcing services segment is expected to grow at the highest rate from 2015 to 2020.

Some of the key players in the global healthcare provider network management market include Aldera, Inc. (U.S.), Ayasdi, Inc. (U.S.), Genpact Limited (U.S.), Infosys BPO, Ltd. (India), McKesson Corporation (U.S.), Mphasis Limited (India), Optum, Inc. (U.S.), Syntel, Inc. (U.S.), TriZetto Corporation (A cognizant company) (U.S.), and Vestica Healthcare, LLC (A Skygen USA company) (U.S.).

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