Global healthcare IT outsourcing market to exceed USD50bn by 2020

The global healthcare IT outsourcing market will continue to grow on the back of the lack of in-house IT professionals and the growing need of healthcare firms to reduce operational costs by integrating IT solutions, among others. According to Market Research Engine, the market could exceed USD50bn by 2020, although it warns that various factors, such as rising incidences of data breach and language barriers, could hamper the market’s growth. The firm also identifies Accenture, Cognizant, HCL, Infosys, TCS, and Wipro as among the most active players in the healthcare IT outsourcing market currently.