The global market for healthcare analytics is projected to nearly triple in value over the next five years, growing from $5.7 billion in 2015 to $16.9 billion in 2020.

That’s a compound annual growth rate of 24 percent, according to BCC Research. The Wellesley, Mass.-based publisher of technology market research sees healthcare organizations rapidly adopting analytics systems during the forecast period to improve both business operations and clinical care. Business analytics—the largest segment with 70 percent of the overall market—is estimated to almost triple in value from $4 billion in 2015 to $11.7 billion in 2020.

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