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Healthcare Revenue Cycle Management (RCM) Software Market size is set to grow by USD 34.8 billion from 2024-2028, Growing need for reducing revenue leakage in healthcare system boost the market, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global healthcare revenue cycle management (RCM) software market size is estimated to grow by USD 34.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 10.22%  during the forecast period. Growing need for reducing revenue leakage in healthcare system is driving market growth, with a trend towards strategic partnerships and acquisitions. However, interoperability issues associated with healthcare rcm software  poses a challenge. Key market players include 3M Co., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., athenahealth Inc., Change Healthcare Inc., Chetu Inc., Cognizant Technology Solutions Corp., CompuGroup Medical SE and Co. KGaA, Computer Programs and Systems Inc., Epic Systems Corp., Experian Plc, International Business Machines Corp., OSP, Providence Health and Services, Quest Diagnostics Inc., QWay Healthcare Inc., R1 RCM Inc., The SSI Group LLC, Waystar Inc., WellSky Corp., and ZH Healthcare Inc..

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Healthcare Revenue Cycle Management (RCM) Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.22%

Market growth 2024-2028

USD 34.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.37

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 50%

Key countries

US, Canada, Germany, UK, and Japan

Key companies profiled

3M Co., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., athenahealth Inc., Change Healthcare Inc., Chetu Inc., Cognizant Technology Solutions Corp., CompuGroup Medical SE and Co. KGaA, Computer Programs and Systems Inc., Epic Systems Corp., Experian Plc, International Business Machines Corp., OSP, Providence Health and Services, Quest Diagnostics Inc., QWay Healthcare Inc., R1 RCM Inc., The SSI Group LLC, Waystar Inc., WellSky Corp., and ZH Healthcare Inc.

Market Driver

The healthcare Revenue Cycle Management (RCM) software market is witnessing a trend of strategic partnerships and acquisitions among market participants. For instance, in August 2020, R1 RCM Inc. Acquired Cerner RevWorks, LLC services business, expanding its revenue cycle capabilities and expertise. Similarly, Centauri Health Solutions Inc. Acquired Applied Revenue Analytics LLC, adding a complementary line of hospital revenue cycle performance services. These collaborations enable RCM software providers to expand their product offerings, enhance their geographic reach, and strengthen their market position. Such strategic moves will lead to the development of new software and platforms, enabling market participants to capitalize on market opportunities and generate sustainable profits. The increase in partnerships and mergers and acquisitions (M&A) activities in the market is anticipated to positively impact the demand for healthcare RCM software worldwide during the forecast period. 

The Healthcare Revenue Cycle Management (RCM) software market is witnessing significant growth in healthcare settings due to the increasing need for efficient sales and revenue cycle management. The services segment of RCM solutions is particularly popular, addressing the lack of trained staff and complexities in billing and payment management. Down coding and claims management are key challenges for healthcare providers, driving demand for advanced RCM software. Cloud deployment models offer scalability and infrastructure reliability, enabling resource acquisition and operational flexibility. Leading RCM software providers like Epic Systems and CareCloud Corporation are investing in cloud-based deployment and interoperability to streamline workflows and ensure data accuracy. Key stakeholders, including healthcare resources and patients, benefit from real-time insights, data integration, and electronic data management. RCM solutions are increasingly adopting HCIT tools and licensing models to address patient volumes and digitization, managing terabytes and petabytes of unstructured and structured data, and normalizing data for improved operational efficiency. Buying behavior is influenced by factors such as billing and payment management applications, claims management, and the need for normalized data. Patent analysis, conference webinars, and industry events provide valuable insights into the latest trends and innovations in the healthcare RCM software market. 

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Market Challenges

The healthcare revenue cycle management (RCM) software market is experiencing challenges due to interoperability issues. Interoperability enables authorized physicians to access all patient clinical information from different EHR systems. However, the lack of interoperability is leading to increased denials, decreasing revenue generation, and decreased operational efficiency for healthcare service providers. This issue arises due to the use of multiple IT systems with varying data interpretations, multiple vendors for healthcare RCM software, and the growing number of acquisitions in the market. These factors make revenue management challenging, as data is collected from disparate sources with different meanings. Identifying billing errors becomes a struggle when more than one healthcare RCM platform is used. Lack of interoperability between healthcare RCM systems also hinders achieving revenue integrity, especially for large-scale healthcare institutions. With the increasing number of healthcare service providers, interoperability has become essential. Vendors need to develop software that can be used organization-wide, eliminating the need for multiple healthcare RCM software. However, this remains a challenge for vendors, negatively impacting the healthcare RCM software market during the forecast period.The Healthcare Revenue Cycle Management (RCM) software market is experiencing significant growth due to the increasing complexity of the healthcare industry. Challenges include virtual assistance for patient engagement, managing medical images, and ensuring patient access and collections. Denials and patterns require specialized expertise, while Electronic Health Records (EHRs) and healthcare integration demand advanced technology. Health information exchanges and data security are crucial concerns in the healthcare market, with ransomware attacks and data breaches a growing threat. Compliance with regulatory landscapes and financial performance optimization are key areas of focus for healthcare payers and providers. Manufacturing companies and outsourcing services offer product development and optimization, while human resources and contract research/development provide valuable services. Financial outcomes are a top priority, requiring in-house research and facilities to stay competitive in the ecosystem market.

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Segment Overview 

This healthcare revenue cycle management (rcm) software market report extensively covers market segmentation by 

Deployment 1.1 Cloud-based1.2 On-premisesEnd-user 2.1 Hospitals2.2 Physicians2.3 Medical labsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Cloud-based-  The healthcare revenue cycle management (RCM) software market is witnessing significant growth, particularly in the cloud-based deployment segment. This trend is driven by the benefits of quick deployment, improved flexibility and scalability, real-time data visibility, and customization capabilities. Cloud-based RCM solutions enable seamless integration with other healthcare software solutions, such as online booking and payment systems. Flexible payment options, including monthly subscriptions and pay-as-you-go models, make these solutions cost-effective for various-sized healthcare organizations. Small and medium-scale healthcare providers are increasingly adopting cloud-based RCM software due to its scalability and cost savings. Large-scale healthcare enterprises, with their vast data volumes, can optimize costs by storing critical data on-premises and infrequently used data on public cloud servers. Innovations in data security will further boost the adoption of cloud-based RCM solutions among large enterprises during the forecast period. In summary, the cloud-based deployment segment is expected to grow at a faster rate than the on-premises deployment segment due to its numerous advantages.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global healthcare information software market is experiencing robust growth, driven by the increasing need for efficient patient management and data integration. Key segments include Electronic Health Records (EHR), Practice Management Systems, and Telemedicine software. Major players such as Epic Systems, Cerner Corporation, and Allscripts are leading the way with innovative solutions. The market’s expansion is fueled by advancements in AI and data analytics, enhancing healthcare delivery and operational efficiency.

Research Analysis

The Healthcare Revenue Cycle Management (RCM) software market encompasses the sales of management software and services designed to streamline and optimize revenue processes in healthcare settings. These solutions facilitate payment management, claims processing, and resource acquisition, addressing scalability constraints and infrastructure reliability. Cloud deployment models offer flexibility and accessibility, while operational frameworks ensure compliance with HCIT tools and regulatory requirements. Normalized data, licensing, implementation, IT support, and maintenance services are essential components of RCM solutions. Custom interfaces, verification, and validation are critical for seamless integration with hospital associations, healthcare facilities, and emerging countries. Legacy systems pose challenges, but AI, machine learning, algorithms, and predictive analytics are transforming RCM, enabling more efficient down coding and claims management. In the dynamic healthcare landscape, RCM software plays a pivotal role in enhancing operational efficiency and financial performance, ultimately improving patient care.

Market Research Overview

The Healthcare Revenue Cycle Management (RCM) software market is a significant segment of the Healthcare IT (HCIT) industry, focusing on automating and optimizing billing and payment processes in healthcare settings. Sales of RCM software and services have been growing steadily due to the increasing complexity of healthcare billing and the need for improved operational efficiency. RCM solutions cater to various healthcare providers, including clinics, laboratories, and hospitals. However, the implementation and effective utilization of these systems face challenges such as a lack of trained personnel, down coding, and scalability constraints. Cloud deployment models have gained popularity due to their flexibility and cost-effectiveness. However, concerns around infrastructure reliability and data security persist. The operational framework of RCM software involves billing and payment management applications, claims management, and data integration. Key stakeholders include healthcare providers, patients, and key players in the RCM market, such as Epic Systems and CareCloud Corporation. Buying behavior is influenced by factors like data accuracy, interoperability, and real-time insights. The market size is vast, with terabytes and even petabytes of data being generated daily from unstructured and structured sources. Normalized data is crucial for effective RCM. HCIT tools like licensing, implementation, IT support, and maintenance services are essential for successful RCM implementation. The RCM market is influenced by various trends, including digitization, artificial intelligence, machine learning, and predictive analytics. Emerging countries are adopting RCM solutions to improve their healthcare systems. However, challenges like legacy systems, data privacy, and security landscape remain. The healthcare market is continuously evolving, with new technologies like virtual assistance, medical images, and drug discovery shaping the future. Human resources, patient access, collections, denials, and patterns are critical areas of focus for RCM solutions. The healthcare privacy and security landscape are major concerns, with ransomware attacks like the Accellion FTA breach highlighting the importance of robust security measures. Patient records and electronic patient data exchange are crucial for effective RCM. In conclusion, the Healthcare RCM software market is a dynamic and complex industry, requiring a deep understanding of healthcare resources, workflows, and HCIT tools. Effective RCM implementation involves addressing challenges like data accuracy, interoperability, and scalability constraints while leveraging emerging technologies to improve operational efficiency and patient care.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentCloud-basedOn-premisesEnd-userHospitalsPhysiciansMedical LabsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards

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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.

As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1

This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.

Informing investor-relevant disclosures: A four-step approach

Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.

It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.

Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.

Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”

Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”

Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.

The Guidance Document can be downloaded here.

For more information, visit www.rspo.org 

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 

About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com

1

IFRS Foundation, ISSB Podcast February 2025

 

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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform

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WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.

Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.

“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.

Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.

The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.

“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.

Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.

The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.

Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com

About ArisGlobal

ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.

About Nordic Capital

Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia

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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.

BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.

As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.

The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.

The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.

Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.

Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”

Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”

About Gulf Edge
Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand’s leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand’s digital transformation and position the country as a regional hub for the AI economy.

About Cognizant
Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.

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SOURCE Gulf Development Public Company Limited (GULF)

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