Case Management Market Size
What industry-specific factors are fueling the growth of the case management market?
The use of rectification strategies by healthcare companies for diverse case management is gradually broadening the case management market’s horizon. The primary motivation behind employing these strategies is to correct data inaccuracies, secure health records, and other considerations. As a result, such measures will stimulate fresh demand for case management solutions and services, which are efficient for digital data management and offer data security. Case management aids in the intricate process that combines both electronic workflow and human tasks to circumvent mistakes. It is worth noting that in April 2022, a report from the Office of the National Coordinator for Health Information Technology, a department of the U.S. government, revealed that as of 2021, nearly four out of every five office-based physicians (78%) and almost all non-federal acute care hospitals (96%) had adopted a certified EHR system. This rise represents a significant jump over a decade, from 2011, when only 28% of hospitals and 34% of physicians used an EHR. As such, it is expected that the introduction of rectification strategies by healthcare firms for assorted case management will catalyze the expansion of the case management market.
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What Is the projected market size and growth rate for the case management market?
The size of the case management market has seen significant expansion in the past few years. The projection is that it will increase from a value of $7.43 billion in 2024 to reach $8.01 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.9%. This enlargement during the historical timeframe is attributable to a variety of factors such as ongoing enhancements and workflow automation, specific demands of different industries, the capacity for mobile access, emphasis on data privacy and security, progress in data analytics, and the capability to integrate with other business systems.
In the impending years, the case management market is projected to experience substantial expansion and is estimated to reach a value of $12.4 billion in 2029, with a compound annual growth rate (CAGR) of 11.5%. This progression in the projected period can be ascribed to factors such as the concentration on healthcare case management, customization tailored to specific industries, the prioritizing of security and data privacy, the surge in remote work and mobile accessibility, as well as augmenting regulatory complexity. Key trends likely to be seen during the forecast period encompass innovation and competition amongst vendors, perpetual process enhancement, focus on healthcare case management, customization specific to industries, the rise of remote work and mobile accessibility, solutions centered around customers, and the emphasis on digital transformation.
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What new trends are reshaping the case management market and its opportunities?
The surge in technological progress is becoming an influential trend in the case management market. The sector is experiencing the adoption of state-of-the-art technologies like artificial intelligence (AI) in case management solutions to facilitate automation and tidy up case management operations. AI-inclusive case management software not only captures customer sentiment but also fine-tunes cases, leading to more efficient case resolution and better case management. Industry leaders are keen on producing AI-empowered case management software to reinforce their standing in the market. To illustrate, Sprinklr, an American software firm, provides AI-driven case management software that enables workflow automation and simplifies case handling. This software leverages AI, monitoring tools, and a unified customer experience management (Unified-CXM) platform to understand customer sentiment, categorize cases, and automate processes, facilitating smooth case handling, precise case management, and prompt case resolutions. Consequently, it boosts resolution speed, customer contentment, and cost-effectiveness.
What major market segments define the scope and growth of the case management market?
The case management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Business Function: Service Request, Fraud Detection and Anti-Money Laundering, Incident Management, Investigation Management, Legal Workflow Management
3) By Deployment Mode: Cloud, On-premises
4) By Organization Site: Small and Medium-sized Enterprises (SMEs), Large Enterprises
5) By Verticals: Banking, Financial Services, and Insurance (BFSI), Government, Healthcare, IT and telecom, Retail, Manufacturing, Other Verticals
Subsegments:
1) By Solution: Case Management Software, Workflow Automation Tools, Document Management Systems, Reporting And Analytics Tools
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Services
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Which region dominates the case management market?
North America was the largest region in the case management market in 2024. The regions covered in the case management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the case management industry growth?
Major companies operating in the case management market include DST Systems Inc., Pegasystems Inc., Kofax Inc., Dell Technologies Inc., Newgen Software Technologies Limited, Hyland Software Inc., Appian Corporation, Bonterra Solutions Inc., Nuxeo SA, Kissflow Inc., International Business Machines Corporation, Themis Solutions Inc. (Clio), Filevine Inc., CASEpeer LLC, Smokeball LLC, MyCase Inc., Assembly Software Inc., Rocket Matter LLC, INSZoom Technologies Inc., Legal Files Software Inc., Needles Case Management Software, PracticePanther Legal Software, Zola Suite LLC, Abacus Data Systems Inc., Actionstep Inc., Gavel & Gown Software Inc., Bill4Time LLC, Northern Case Management, VONA Case Management, PriMedical Inc., Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Athenahealth Inc., AdvancedMD Inc., Kareo Inc.
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What Is Covered In The Case Management Global Market Report?
•Market Size Forecast: Examine the case management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the case management market for a structured understanding.
•Key Players Overview: Analyze major players in the case management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the case management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the case management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the case management market.
•Industry Challenges: Identify potential risks and obstacles affecting the case management market.
•Competitive Landscape: Review strategic developments in the case management market, including expansions, agreements, and new product launches.
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