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Dublin, June 26, 2020 (GLOBE NEWSWIRE) -- The "Global Healthcare Information Technology (IT) Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

The report titled Global Healthcare Information Technology (IT) Market: Size & Forecasts with Impact Analysis of COVID-19 (2020-2024), provides an in depth analysis of the global healthcare information technology (IT) market by value, by solution, by component, by end user, by region, etc. The report provides a regional analysis of the healthcare information technology (IT) market, including the following regions: North America (the US & Rest of North America), Europe, Asia Pacific, and ROW. The report also provides a detailed analysis of the COVID-19 impact on the healthcare IT market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global healthcare IT market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global healthcare IT market is fragmented with many major market players operating worldwide. The key players of the healthcare IT market are Cerner Corporation, McKesson Corporation, Allscripts Healthcare Solutions, Inc., and General Electric Company (GE Healthcare) are also profiled with their financial information and respective business strategies.

Country Coverage

Healthcare information technology, or healthcare IT is the area of healthcare that involves the use of technological tools by healthcare professionals, to store, share and analyze health information. Healthcare IT is sometimes being used by the patients to communicate with the doctors to share information about their health, and take actions that would improve the patients' quality of life.

The benefits of healthcare information technology are many, including the reduction of paperwork, time saving, increase patient safety, enable high quality and error-free care, receiving accurate information, reduction of unnecessary tests, financial benefits, and faster lab results.

Healthcare information technology has a long history with the continuous development of new and innovative healthcare technologies. The healthcare information technology (IT) market can be segmented on the basis of solution (Electronic Health Record (EHR), Radiology Information Systems, mHealth, Electronic Prescribing System, Telemedicine, Healthcare Analytics, Supply Chain Management, Revenue Cycle Management, and Others); delivery mode (On-premise, and Cloud-based (SaaS, PaaS, and IaaS); component (Services, Software, and Hardware); and end user (Healthcare Providers, and Healthcare Payers).

The global healthcare information technology (IT) market has increased significantly during the years 2017-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The healthcare information technology (IT) market is expected to increase due to rapid urbanization, proliferation of mobile devices, rising volume of healthcare data, growing adoption of electronic health record (EHR), favorable government initiatives for promoting healthcare technology, etc. Yet the market faces some challenges such as high cost involved, security concerns, etc.

Key Topics Covered:

1. Executive Summary

2. Introduction2.1 Healthcare Information Technology (IT): An Overview2.1.1 Benefits of Healthcare Information Technology2.1.2 History of Healthcare Information Technology2.2 Healthcare Information Technology (IT) Segmentation: An Overview2.2.1 Healthcare Information Technology Segmentation by Solution2.2.2 Healthcare Information Technology Segmentation2.2.3 Healthcare Information Technology Segmentation by End User

3. Global Market Analysis3.1 Global Healthcare Information Technology (IT) Market: An Analysis3.1.1 Global Healthcare IT Market by Value3.1.2 Global Healthcare IT Market by Solution (Revenue Cycle Management, Telemedicine, mHealth, Electronic Health Record (EHR), Healthcare Analytics and Others)3.1.3 Global Healthcare IT Market by Component (Services, Software and Hardware)3.1.4 Global Healthcare IT Market by End User (Healthcare Provider and Healthcare Payer)3.1.5 Global Healthcare IT Market by Region (North America, Europe, Asia Pacific and ROW)3.2 Global Healthcare Information Technology (IT) Market: Solution Analysis3.2.1 Global Revenue Cycle Management Healthcare IT Market by Value3.2.2 Global Telemedicine Healthcare IT Market by Value3.2.3 Global mHealth Healthcare IT Market by Value3.2.4 Global Electronic Health Record (EHR) Healthcare IT Market by Value3.2.5 Global Healthcare Analytics Healthcare IT Market by Value3.2.6 Global Others Healthcare IT Market by Value3.3 Global Healthcare Information Technology (IT) Market: Component Analysis3.3.1 Global Hardware Healthcare IT Market by Value3.3.2 Global Software Healthcare IT Market by Value3.3.3 Global Services Healthcare IT Market by Value3.4 Global Healthcare Information Technology (IT) Market: End User Analysis3.4.1 Global Healthcare IT Provider Market by Value3.4.2 Global Healthcare IT Payer Market by Value

4. Regional Market Analysis4.1 North America Healthcare Information Technology (IT) Market: An Analysis4.1.1 North America Healthcare IT Market by Value4.1.2 North America Healthcare IT Market by Region (The US and Rest of North America)4.1.3 The US Healthcare IT Market by Value4.1.4 The US Healthcare IT Market by Solution (Telemedicine, Revenue Cycle Management, Electronic Health Record (EHR), mHealth, Healthcare Analytics and Others)4.1.5 The US Telemedicine Healthcare IT Market by Value4.1.6 The US Revenue Cycle Management Healthcare IT Market by Value4.1.7 The US Electronic Health Record (EHR) Healthcare IT Market by Value4.1.8 The US mHealth Healthcare IT Market by Value4.1.9 The US Healthcare Analytics Healthcare IT Market by Value4.1.10 The US Others Healthcare IT Market by Value4.1.11 Rest of North America Healthcare IT Market by Value4.2 Europe Healthcare Information Technology (IT) Market: An Analysis4.2.1 Europe Healthcare IT Market by Value4.3 Asia Pacific Healthcare Information Technology (IT) Market: An Analysis4.3.1 Asia Pacific Healthcare IT Market by Value4.4 ROW Healthcare Information Technology (IT) Market: An Analysis4.4.1 ROW Healthcare IT Market by Value

5. Impact of COVID-195.1 Impact of COVID-195.1.1 Impact of COVID-19 on Healthcare5.1.2 Impact of COVID-19 on Healthcare Information Technology (IT)

6. Market Dynamics6.1 Growth Driver6.1.1 Rapid Urbanization6.1.2 Proliferation of Mobile Devices6.1.3 Rising Volume of Healthcare Data6.1.4 Growing Adoption of Electronic Health Record (EHR)6.1.5 Favorable Government Initiatives for Promoting Healthcare Technology6.2 Challenges6.2.1 High Cost Involved6.2.2 Security Concerns6.3 Market Trends6.3.1 Growing Adoption of Telemedicine 6.3.2 Integration of Artificial Intelligence (AI) in Healthcare Technology6.3.3 Emergence of Internet of Medical Things (IoMT)6.3.4 Rising Popularity of Augmented Reality (AR) and Virtual Reality (VR) in Healthcare6.3.5 Surging Investments in 5G Technology6.3.6 Escalating Acceptance of mHealth Solutions6.3.7 Rising Penetration of Cloud-based Healthcare IT Services6.3.8 Growing Use of Blockchain in Healthcare

7. Competitive Landscape7.1 Global Healthcare Information Technology (IT) Market Players: A Financial Comparison7.2 Global Healthcare Information Technology (IT) Market Players by Main Focus Areas7.3 The US Healthcare Information Technology (IT) Players by Market Share

8. Company Profiles8.1 Cerner Corporation 8.1.1 Business Overview8.1.2 Financial Overview8.1.3 Business Strategy8.2 McKesson Corporation8.2.1 Business Overview8.2.2 Financial Overview8.2.3 Business Strategy8.3 Allscripts Healthcare Solutions, Inc. 8.3.1 Business Overview8.3.2 Financial Overview8.3.3 Business Strategy8.4 General Electric Company (GE Healthcare)8.4.1 Business Overview8.4.2 Financial Overview8.4.3 Business Strategy

For more information about this report visit https://www.researchandmarkets.com/r/kpgx4u

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Excerpt from:
Insights on the Worldwide Healthcare IT Industry to 2024 - Affect of COVID-19 on the Sector - GlobeNewswire

The COVID-19 has affected the world like nothing else. In the past few months, businesses have faced unforeseen, unheard challenges, which have shaken the ground immensely.

Now with the end of the first quarter of 2020, it is necessary to analyze how the world of business has been faring in this crisis. A detailed analysis of the outcomes can lead to better preparedness for the future. So, lets understand how the Geospatial Industry fared in the first quarter of 2020.

Be it data gathered from satellites or location-based data, the coronavirus pandemic has made everyone realize the importance of geospatial data and analytics. Geospatial data analytics services have gained lot of prominence amid the doom of the pandemic.

Consequently, as the first quarter results convey, companies involved in the business of geospatial solutions and software could weather the storm of COVID-19 without much difficulty.

For instance, TomTom, a leading location technology specialist saw no material impact on its Enterprise revenue.While its location technology revenue from Automotive decreased from 65.1 million in Q1 of 2019 to 49.8 million in Q1 of 2020, its Enterprise revenue saw an increase from 37.8 million in Q1 of 2019 to 41.5million in Q1 of 2020 (10% higher). The gross margin for the quarter was 78% compared with 72% in Q1 of 2019. The companys gross margin continues to improve for the company as a result higher proportions of higher margin software and content revenue.

Tomtoms Chief Executive Officer, Harold Goddijn, shared,Our Automotive revenue arises principally from customer vehicle sales,which are sharply impacted by factory closures. Our Consumer revenue is impacted by a steepdecline in demand arising from retail stores being closed, retailers reducing their inventory levels,and people not driving. Recovery will depend on how quickly economic normality is restored,including vehicle production and end-customer demand, which is currently uncertain.The year has started well for Automotive and Enterprise orders, including new business, expansionsand extensions to existing deals. Our investments to improve our location technology products aredelivering to plan, enabling us to continue executing on our business strategy.

Also Read: 1Spatial releases FY20 Results; Revenue up 33% to 23.4M

Hexagon AB, a global leader in sensor, software and autonomous geospatial solutions, also recorded an organic growth in its software portfolios in the first quarter of 2020. Geospatial Enterprise Solutions (GES) net sales amounted to 453.8 million as compared to 448.7 million in Q1 of 2019. The company recorded negative organic growth in China and Western Europe whilst the rest of the world grew organically by 4 per cent. The Manufacturing Intelligence and Geosystems divisions were most impacted, recording -14 per cent and -11 per cent organic growth respectively. The PPM and Safety & Infrastructure divisions were more resilient; with PPM recording 8 per cent organic growth, fuelled by solid demand in design and asset information management solutions, and Safety & Infrastructure recording 24 per cent organic growth, supported by a strong demand for its new public safety and geospatial mapping solutions.

On the announcement of the results, Ola Rolln, President and CEO, Hexagon AB, rightly commented, It is without a doubt a challenging and uncertain environment we experience and it changes daily. Fortunately, Hexagons strong financial position enables us to continuously develop revolutionary solutions that drive our customers efficiency, productivity and quality.

Cyient, a global engineering and technology solutions company recorded a growth in its communications and healthcare solutions business domains, while suffering a de-growth in supply chain dependent areas like semiconductor, energy & utilities.

Commenting on the results, Ajay Aggarwal, President & CFO, said,The revenue for FY20 stood at $625.2Mn(44,274Mn)with operating profit of $57Mn(4,084Mn) and normalized PAT of $52.2Mn(3,727Mn). Our sustained focus on collections led to a robust EBIDTA to FCF conversion of 56.9% and healthy cash balance of 9,518Mn. We generated FCF of 4,102Mn for the year.

Autodesk, a leader in providing powerful BIM and CAD software tools posted a revenue growth of 20 percent in the first quarter of 2020. Fugro, a leading provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources also saw an increase in revenue, driven by strong growth in the Asia-Pacific market.

Good show by these geospatial solution providers in these tough times. The Hardware companies, though, tell a different story.

Also Read: Ola Rollen highlights how automation can lead to a sustainable world

Unlike the software, solution and service companies, geospatial hardware companies witnessed a lull in the first quarter of 2020 primarily due to delayed projects, retail and site closures and supply chain related problems.

Companies specializing in hardware products faced the brunt more. For instance, Faro Technologies, a leading manufacturer of 3D imaging and portable measurement solutions suffered a net loss of $14.8 million, or$0.84per share, for the first quarter 2020, as compared to net income of$0.2 million, or$0.01per share, for the first quarter 2019. Totalsales were$79.5 millionfor first quarterof 2020, as compared with$93.6 millionfor first quarter of 2019. This primarily happened as a result of the continuing soft demand environment in the served markets and the start of COVID-19 related order pushouts witnessed in March.New orderbookings were $77.9 million for the first quarter 2020, down 23% as compared to $100.7 million for the first quarter 2019. Gross margin was 55.2% for the first quarter 2020, as compared to 56.6% for the same prior year period.

Michael Burger, President and Chief Executive Officer remains highly optimistic about the coming days as he shared, While near-term demand visibility remains challenged due to the global pandemic, to date there has been limited disruption to our manufacturing supply chain and our sales team remains enthusiastic about our new go-to-market strategy. I am optimistic that our new strategy will enable FARO to emerge as a stronger, more efficient business with a highly scalable financial model when the business environment returns to normalized levels.

In case of the Parrot Group (senseFly, Pix4D, MicaSense) as well, the slowdown in commercial activity primarily concerned the hardware (drones and sensors) sales. The software sales, being fully online remained more resilient.

Amid this chaos, Trimble managed to sail through the first quarter of 2020 with less difficulty due to its limited business association with China. Its total revenue in the first quarter saw a dip by just 1 percent compared to the first quarter of 2019, though the Geospatial revenue got down by 9 percent. With cut back on discretionary spending, reduced hiring, and also reduced incentive and commission plans, the company claims to be better prepared for the second quarter. Another important change that has made the company less vulnerable to economic shift is less focus on hardware (90 percent in 2008 to 15 percent now). Trimbles geospatial solutions have been increasingly gaining market share.

So, overall, it can be safely stated that the COVID-19 pandemic has compelled the geospatial hardware majors to rethink about their business strategies. While almost every business is investing and strategizing to adapt to the new normal, companies with limited or no diversification in their portfolio need to make some quick decisions and change faster.The Spatial analytics business is seeing a new thrust in demand and the geospatial solutions, software and service providers must take advantage of the new business opportunities and scale up. Additionally, bringing in a good product mix along with spreading the business to diverse regions is the way forward.

At this point, given the uncertainty regarding the severity and duration of the pandemics economic impact, most of the companies are not in a position to reliably assess or quantifythe specific implications on revenue and free cash flow for 2020. The impact of the COVID-19 pandemic, resulting in the closure of factories and retail channels, is causing companies to deviate from the original outlook for 2020.

The Geospatial leaders are preparing to secure the future in these challenging times with an aggressive cost control and optimization plan with primary focus on liquidity and cash. This includes rigorous initiatives on collections, working capital cycles, receivables, payables and discretionary cost control. With modifications to adjust well to the new normal, businesses are hoping to have a better FY 20-21.

Also Read: Geospatial industry has bright future in post-COVID world

Continue reading here:
How the Geospatial Industry fared in the First Quarter of 2020? - Geospatial World

FORT COLLINS, Colo., June 16, 2020 /PRNewswire/ --DH2i, the leading provider of multi-platform Software Defined Perimeter and Smart Availability software, today announced it will present a live webinar entitled, "How to Secure Remote Connections with Free and Effective SDP Software."

When: Wednesday, June 24, 2020, 11:00 11:30 am Pacific Time (2:00 2:30 pm Eastern Time)

Why Attend:Unfortunately, the ongoing threat of COVID-19 is far from over. Organizations can't afford to hold out until they reach the other side of the pandemic. They need to proactively implement changes now to protect their company's greatest assets its employees, applications and information.

Many organizations have made the shift to a WFH (work from home) framework in order for their teams to safely weather this pandemic. However, sustaining such a massive scale of remote connections leaves sensitive company assets more vulnerable than ever before and outdated solutions like VPNs can open up the entirety of the network to cyber-attack.

To help organizations achieve a higher level of security without the burden of added costs during these unprecedented times,DH2i is offering its DxOdyssey Software Defined Perimeter (SDP) software free of chargeuntil at least August 31, 2020.

To learn how organizations can enhance their approach to network security and/or avoid the cost-prohibitive nature of other WFH software options, tune into DH2i's webinar on June 24 at 2:00 pm EDT. DH2i's Connor Cox will lead a brief presentation and provide a live demo of DxOdyssey Software to show how this technology:

Learn more and register here:https://dh2i.com/webinars/how-to-secure-remote-connections-with-free-and-effective-sdp-software/

Tweet this: @DH2i Live Webinar to Detail How #WorkfromHome (#WFH) Employees Can Safely Access Office Networks and Data, Without A #VPN or the Cost and Security Vulnerabilities VPNs Introduce - #FreeSoftware #NoStringsAttached #SoftwareDefinedPerimeter #SDP #COVID-19https://dh2i.com/webinars/how-to-secure-remote-connections-with-free-and-effective-sdp-software/

About DH2iDH2i Companyis the leading provider of multi-platform Software Defined Perimeter and Smart Availability software for Windows and Linux. DH2i software products DxOdyssey and DxEnterprise enable customers to create anentire IT infrastructure that is "always-secure and always-on." To learn more, please visit: http://www.dh2i.com, call: 800-380-5405 or +44 20 3318 9204, or email: info@dh2i.com.

DH2i Company 2020. DH2i, Smart Availability, DxEnterprise, DxOdyssey, DxConsole, DxHADR, DxTransfer, DxCollect and InstanceMobility are trademarks of DH2i Company. All other brand or product names contained in this press release may be trademarks or registered trademarks of their respective holders.

PR Contact:Nicole GormanCorporate Communications / PRDH2iM: 508-397-0131nicole.gorman@dh2i.com

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COVID-19 Is Far from Over - DH2i to Explain How Organizations Can Secure Remote Connections with FREE and Effective SDP Software - The Grand Junction...

Zoom says it will begin allowing users of its videoconferencing software to enable end-to-end encryption of calls starting with a beta next month, the company announced on Wednesday. The feature wont be restricted to paid enterprise users, either. Its coming to both free and paid users, Zoom says, and it will be a toggle switch any call admin can turn on or disable, in the event they want to allow traditional phone lines or older conference room phones to join.

Zoom does not proactively monitor meeting content, and we do not share information with law enforcement except in circumstances like child sex abuse, a company spokesperson said at the time, following comments from Zoom CEO Eric Yuan during a call with investors after the companys quarterly earnings release. We plan to provide end-to-end encryption to users for whom we can verify identity, thereby limiting harm to these vulnerable groups. Free users sign up with an email address, which does not provide enough information to verify identity.

Zoom has also been facing harsh criticism since the beginning of the COVID-19 pandemic for failing to beef up its security despite huge surges in user growth as Zoom and similar services became virtual hangout tools during lockdowns. In late March, Zoom admitted that while it uses a standard web browser data encryption, it does not use end-to-end encryption. The company has spent the time since improving its security and working on a new encryption solution.

Yet it appears the company has figured out a workaround. To make this possible, Free/Basic users seeking access to E2EE will participate in a one-time process that will prompt the user for additional pieces of information, such as verifying a phone number via a text message, Zoom explains in its blog post. Many leading companies perform similar steps on account creation to reduce the mass creation of abusive accounts. We are confident that by implementing risk-based authentication, in combination with our current mix of tools including our Report a User function we can continue to prevent and fight abuse.

Its not clear when the feature will launch for all users, but the beta is arriving in July and Zoom intends to have some level of permissions so account administrators can disable or enable it at the account or group level.

More here:
Zoom says free users will get end-to-end encryption after all - The Verge

DUBLIN, Calif., June 18, 2020 (GLOBE NEWSWIRE) -- Fewel Farms LLC is the latest customer to pick up the food safety mantle and join iTrades iTracefresh program. As the leading global provider of supply chain software for the food and beverage industry, iTrade is pioneering efforts to build the worlds safest and most comprehensive global food supply chain. To underline its commitment to guaranteeing the safety of our food, it has removed all barriers to adoption, offering the iTracefresh traceability suite to any suppliers, or indeed any buyers, entire supplier portfolio for the first year free of charge.

Traceability is becoming ever more important to our buyers, consumers, and our business. Partnering with iTrade gives our customers confidence that they know exactly what theyre getting and from where, and it allows us to respond to evolving traceability requirements quickly and without heavy investment on our side. Capturing and transmitting traceability data about dozens of commodities from anywhere sets us apart, comments Sharon Heer, Manager at Fewel Farms LLC.

In addition to protecting a suppliers brands during recalls and enabling critical downstream supply chain visibility, iTrades traceability solutions help grow its customers businesses. Data from a yearlong pilot with a major industry buyer showed that suppliers adopting iTrade traceability increased their trading volumes by an average of 55 percent in just 12 months. Additionally, a sample of just four new growers added a combined $10 million in revenue over the same period.

The world would be a better place if everyone knew where their food came from, says Rhonda Bassett-Spiers, CEO of iTradeNetwork. Whether youre a small, family farm or a large, enterprise operation, we want to make food safety and traceability accessible to everyone. We are happy to have Fewel Farms join us in creating the worlds safest food supply chain and grow their business in the process.

Fewel Farms LLC is a family-owned and family-operated supplier of fresh produce and fall ornamentals. They are located in the great Northwest, where abundant sun, plentiful irrigation, warm days, and cool nights produce the finest Apples, Watermelon, Vegetables, and Fall Ornamentals in the United States. They are a third generation family farm that strives to produce the best product possible. In their 30 years in business they have continued to proudly serve small and large retailers and wholesalers alike. They strive to continue to be leaders in innovation, research and technology, and Fewel Farms LLC continually adds excellent staff in every area of expertise. They are Primus-approved and continue to strive to meet the needs and requirements of both our buyers and customers.

Suppliers interested in adopting iTrades iTracefresh traceability suite and enjoying the first year, free of charge, should visit https://www.itradenetwork.com/itracefresh/item/. The promotional package includes two of iTrades products: its Produce Traceability Initiative (PTI) case labeling solution, and its Palletized Advanced Ship Notice (ASN) solution, Transit.Qualifying suppliers may also receive the free field kit hardware package that includes a printer, two mobile devices, and 10,000 labels to help them get started on iTracefresh.

Contact:Bryn McFadden925-660-1100inquiries@itradenetwork.com

The rest is here:
Fewel Farms LLC Votes Yes on iTrade Free Traceability Campaign to be Part of the World's Safest Food Supply Chain - GlobeNewswire