5 predictions on health IT outsourcing

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The future of health IT outsourcing appears to be trending strong. The global healthcare IT outsourcing market is expected to grow at a 12 percent compound annual growth rate until 2020, according to new research from Everest Group.

Here are four more predictions on health IT outsourcing.

1. The healthcare IT outsourcing market is projected to be worth $68.3 billion in 2020.

2. Abhishek Singh, practice director of Everest Group, said the healthcare provider segment of IT outsourcing is expected to experience the highest growth from 2014 to 2020, greater than the life sciences and payer segments.

3. In the healthcare provider segment, more than $9 billion worth of contracts are expected to be renewed through 2020.

4. In 2014, the global healthcare IT outsourcing market reached a $34.5 billion value, which demonstrated a 9 percent year-over-year growth.

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