Europe Artificial Intelligence (Ai) For Healthcare Payer Market Size & Outlook
The artificial intelligence (ai) for healthcare payer market in Europe is expected to reach a projected revenue of US$ 1,151.2 million by 2030. A compound annual growth rate of 9.2% is expected of Europe artificial intelligence (ai) for healthcare payer market from 2024 to 2030.
Revenue, 2023 (US$M)
$623.7
Forecast, 2030 (US$M)
$1,151.2
CAGR, 2024 - 2030
9.2%
Report Coverage
Europe
Europe Artificial Intelligence (Ai) For Healthcare Payer Market, 2018-2030 (US$M)
Global Market
Related Markets
Europe artificial intelligence (ai) for healthcare payer market highlights
- The Europe artificial intelligence (ai) for healthcare payer market generated a revenue of USD 623.7 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 623.7 million |
| Market revenue in 2030 | USD 1,151.2 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Microsoft Corp, AiRo Digital Labs, Accenture PLC Class A, Cognizant Technology Solutions Corp Class A, CareCloud Inc, MST Solutions, Hexaware Technologies, Innovaccer, Oracle Corp, Codoxo, Amelia, R1 RCM Inc, UnitedHealth Group Inc, Quantiphi, Softheon |
Other key industry trends
- In terms of revenue, Europe region accounted for 32.0% of the global artificial intelligence (ai) for healthcare payer market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 784.4 million by 2030.
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Artificial Intelligence (AI) For Healthcare Payer Market Scope
Artificial intelligence (AI) for Healthcare Payer Market segmentation & scope
Others
Artificial Intelligence (AI) For Healthcare Payer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| R1 RCM Inc | View profile | 30,000 | 434 West Ascension Way, 6th Floor, Murray, UT, United States, 84123 | www.r1rcm.com |
| Accenture PLC Class A | View profile | 742,000 | 1 Grand Canal Square, Grand Canal Harbour, Dublin, Ireland, 2 | www.accenture.com |
| Cognizant Technology Solutions Corp Class A | View profile | 344,400 | 300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, United States, 07666 | www.cognizant.com |
| UnitedHealth Group Inc | View profile | 440,000 | 9900 Bren Road East, UnitedHealth Group Center, Minnetonka, MN, United States, 55343 | www.unitedhealthgroup.com |
| CareCloud Inc | View profile | 3,600 | 7 Clyde Road, Somerset, NJ, United States, 08873 | www.carecloud.com |
| Innovaccer | View profile | 1001-5000 | San Francisco, California, United States, North America | www.innovaccer.com |
| Amelia | View profile | 1001-5000 | New York, New York, United States, North America | amelia.ai |
| AiRo Digital Labs | View profile | 101-250 | Chicago, Illinois, United States, North America | airodigitallabs.com |
Europe Artificial intelligence (AI) for Healthcare Payer Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Artificial intelligence (AI) for Healthcare Payer Market Outlook will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 56.2% in 2023.
Horizon Databook has segmented the Europe artificial intelligence (ai) for healthcare payer market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Artificial Intelligence (Ai) For Healthcare Payer Market Component Outlook (Revenue, USD Million , 2018-2030)
- Software
- Services
- Europe Artificial Intelligence (Ai) For Healthcare Payer Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- Cloud
- On-Premises
- Europe Artificial Intelligence (Ai) For Healthcare Payer Market Application Outlook (Revenue, USD Million , 2018-2030)
- Claims Processing Optimization
- Fraud Detection and Prevention
- Revenue Management and Billing
- Member Engagement and Personalization
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Artificial intelligence (AI) for Healthcare Payer Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Artificial intelligence (AI) for Healthcare Payer Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Artificial Intelligence (Ai) For Healthcare Payer Market, 2018-2030 (US$M)
Europe artificial intelligence (ai) for healthcare payer market statistics, by component, 2018-2030 (US$M)
