Health Insurance Exchange Market Research Report.

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MarketsandMarkets Presents
Health Insurance Exchange (HIX) IT Market worth
2.6 Billion by 2018

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alth-insurance-exchange-it-market-218455940.html
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This report studies the "Health Insurance
Exchange (HIX) IT Market by Type (Public,
Private Exchanges), Phase (Implementation, QA,
Operations), Component (Services, Software,
Hardware), End User (Government Agencies, TPAs,
Health Plans) - Trends Global Forecasts to
2018." The market estimated at 1,609.7 Million
in 2013 is expected to reach 2,656.4 Million by
2018, growing at a CAGR of 10.5 from 2013 to
2018. Browse 73 market data tables 14
figures in-depth TOC on Health Insurance
Exchange Market http//www.marketsandmarkets.co
m/Market-Reports/health-insurance-exchange-it-mark
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Global Health Insurance Exchange (HIX) IT Market,
By Type, 20122018 (Million)
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The Health Insurance Exchange (HIX) IT market
includesthe revenue generated by the IT vendors
mainly in terms of planning, designing, and
implementing exchanges, system integrations,
program management, operations, and maintenance.
The market is driven by several factors such as
federal health insurance mandates, federal
funding, trend toward defined contribution model,
and drive to reduce healthcare costs and make
healthcare affordable, growing healthcare IT
adoption, and the shift toward integrated
environments. The global market is valued at an
estimated 1,609 million in 2013 and is expected
to grow at a CAGR of 10.5during the forecast
period (2013-2018). Growth is mainly driven by
private exchanges and operational and maintenance
activities for public exchanges. Cloud-based
computing shows a great opportunity in the HIX
market.
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Despite the largest share carried by public
exchanges, private exchanges overtake
significantly in terms of market growth during
the forecast period. The implementation phase
dominates the global HIX market, by phase, in
terms of revenue while operations and maintenance
activities pose a great market growth potential
owing to increasing post-implementation
requirements such as facility support, network
operations, systems management, hardware and
software upgrades, storage management, system
performance monitoring and reporting, trouble
reporting and resolution, and disaster recovery
services. Based on endusers, the market growth
will be mainly driven by third party
administrators (TPAs)/brokerage
firms/consultancies during the forecast period.
Among all HIX components, the services and
software market is expected to have an edge
over
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hardware due to periodic software upgradation and
additional features required, recurring nature of
services required for ongoing operations, and
increasing shifttowards cloud and SaaS
models.Based on geography, the U.S. dominates the
market and is also expected to grow at thehighest
CAGR at least till 2018. Some leading players in
the health insurance exchange IT market are
Accenture (Ireland), CGI Group, Inc. (Canada),
Deloitte (U.S.), IBM Corporation (U.S.), Infosys
(India), MAXIMUS (U.S.), Oracle Corporation
(U.S.), Xerox Corporation Ltd. (U.S.), and other
emerging players such as Connecture (U.S.),
Cognosante (U.S.), hCentive (U.S.),
Hewlett-Packard (U.S.), Hexaware Technologies
(India), Inovalon, Inc. (U.S.), KPMG
(Netherlands), Microsoft Corporation (U.S.),
Noridian Healthcare Solutions, LLC (U.S.), Tata
Consultancy Services (TCS) (India), and Wipro
Limited (India), among others.
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