Driven by rising healthcare costs, alternative payment models, and the emergence of big data analytics, the global market for population health management software and services will more than double over the next five years, growing from $14 billion in 2015 to nearly $32 billion by 2020.

That’s according to a new forecast from research firm Tractica, which estimates that about two-thirds of the population health management market consists of professional services, with software accounting for one-third of the market.

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