Technology

Digital Health Market size is set to grow by USD 1.06 billion from 2024-2028, Increase in the number of M and A activities in the market to boost the market growth, Technavio

Published

2 years ago

July 30, 2024

NEW YORK, July 30, 2024 /PRNewswire/ — The global digital health market size is estimated to grow by USD 1.06 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 33.53% during the forecast period. Increase in the number of M and A activities in the market is driving market growth, with a trend towards use of ai in digital health. However, threat of open-source service providers poses a challenge. Key market players include 3M Co., Agfa Gevaert NV, AirStrip Technologies Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Alphabet Inc., Apple Inc., Cisco Systems Inc., Computer Programs and Systems Inc., Epic Systems Corp., General Electric Co., Honeywell International Inc., International Business Machines Corp., Koninklijke Philips N.V., McKesson Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, Telefonica SA, and UnitedHealth Group Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Wireless health, Mobile health, EHR, and Telehealth), Component (Software, Services, and Hardware), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

3M Co., Agfa Gevaert NV, AirStrip Technologies Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Alphabet Inc., Apple Inc., Cisco Systems Inc., Computer Programs and Systems Inc., Epic Systems Corp., General Electric Co., Honeywell International Inc., International Business Machines Corp., Koninklijke Philips N.V., McKesson Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, Telefonica SA, and UnitedHealth Group Inc.

Key Market Trends Fueling Growth

Artificial Intelligence (AI) plays a significant role in enhancing medical equipment output and expediting results in the digital health sector. This technology empowers medical professionals with more efficient diagnosis tools and informed insights. In radiology, for instance, AI algorithms help radiologists meet the rising demand for diagnostic imaging, streamlining clinical workflows and reducing diagnostic errors. AI is a crucial component of Research & Development (R&D) for leading digital health vendors, such as Siemens. The expanding use of health data and analytics is fueling the global digital health market’s growth during the forecast period. AI’s integration into healthcare promises to revolutionize clinical decision-making processes, ensuring improved patient care and heightened efficiency.

The Digital Health Market is booming with trends like stroke care through remote monitoring, medication reminders, telehealth platforms, secure messaging apps, and symptom tracking apps leading the charge. Continuous glucose monitors and wearable ECG monitors are popular devices for managing chronic diseases such as diabetes and heart conditions. Pregnant women and those with obesity benefit from telehealth services, mobile platforms, and tablet PCs. Digital health startups leverage mobile services, smartphone penetration, and high-speed mobile networks to offer affordable, low-cost devices and telemedicine services. Data collection and management of personal health information are crucial, ensuring security against black market criminals. Electronic Medical Records and Internet connectivity sources facilitate seamless access to medical information. Overall, the Digital Health Market is transforming healthcare delivery for various chronic diseases.

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Market Challenges

The digital health market is witnessing a significant influx of open-source vendors offering diverse digital health solutions. Combining multiple open-source products can provide nearly all the functionalities of proprietary on-premises and cloud-based digital health solution providers. Open-source software offers advantages such as unrestricted innovation, enhanced credibility, and decentralized control, which may negatively impact the market share of proprietary players. NHS England, a UK public body, utilizes open-source IT solutions in healthcare to make services accessible and customizable to local needs. Leeds Teaching Hospitals is one example using open-source software for Electronic Health Records development, potentially hindering the expansion of the global digital health market during the forecast period.The Digital Health Market is experiencing significant growth due to the increasing use of digital technology in healthcare. However, challenges persist, such as fraudulent insurance claims and compromised healthcare records. Telemedicine, mHealth, and digital therapeutics are key areas of focus. The market is segmented into software, hardware, and services, catering to healthcare providers, payers, and patients. Self-health management is on the rise due to the proliferation of smartphones and mHealth devices. Tele-healthcare services, consumer-centric approaches, and digital portals are transforming healthcare decisions for adults with chronic illnesses like diabetes, heart disease, and cancer. The elderly population also benefits from digital health technology. Telehealthcare platform developers and wearable device manufacturers are driving innovation, while e-prescription systems streamline healthcare processes. The IT industry plays a crucial role in developing healthcare IT infrastructure, including hospitals and the healthcare ecosystem. Preventive healthcare is a growing trend, and digital health tools are essential for managing non-communicable diseases.

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Segment Overview

This digital health market report extensively covers market segmentation by

Application1.1 Wireless health1.2 Mobile health1.3 EHR1.4 TelehealthComponent2.1 Software2.2 Services2.3 HardwareGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Wireless health- Wireless health is a burgeoning sector in the digital health market, leveraging wireless technologies for traditional medical activities like diagnosis and treatment. Notable wireless technologies include 4G, Bluetooth Low Energy (BLE), and BodyLAN. Dexcom’s G4 Platinum continuous glucose monitoring system uses BLE to transmit data within a 6-meter range, while Dexcom STUDIO software processes the information. RFID technology, another key player, enables hospitals to track critical equipment like infusion pumps and specialty beds in real-time, updating their status. STANLEY Healthcare’s Hugs Infant Protection system uses Wi-Fi for hospital-wide infant security. The digital health market, fueled by these advancements, is projected to expand significantly.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Digital Health Market is experiencing exponential growth, driven by the increasing use of digital technology in healthcare. Tablets and Mobile platforms are revolutionizing healthcare delivery, providing easy access to medical information and mobile applications for adults managing chronic diseases such as diabetes, heart disease, and cancer. Tablet PCs and Personal Digital Assistants offer convenient solutions for physicians to access healthcare IT infrastructure, enabling remote consultations and telehealthcare services. Internet connectivity sources and high-speed mobile networks enable seamless communication between healthcare providers and patients, ensuring timely and effective care. Digital portals and telehealthcare platform developers are at the forefront of this transformation, creating innovative solutions to meet the evolving healthcare requirements. Wearable device manufacturers are also contributing to this trend, providing low-cost devices that enable individuals to monitor their health in real-time. The IT industry is investing heavily in digital health tools, from e-prescription systems to preventive healthcare applications. The healthcare ecosystem is embracing digital technology, with hospitals and healthcare providers integrating digital solutions into their operations to improve efficiency and patient outcomes.

Market Research Overview

The digital health market is experiencing rapid growth due to the proliferation of mobile devices and high-speed mobile networks. Tablets and Mobile platforms are transforming healthcare delivery, enabling telemedicine services, remote monitoring, and self-health management for chronic diseases. Low-cost devices and digital health tools, such as Personal Digital Assistants and smart sensors, are making healthcare more accessible to adults and the elderly population. Digital health technology includes software, hardware, and services segments catering to healthcare providers, payers, and patients. Telehealthcare platforms, mHealth devices, and digital therapeutics are revolutionizing healthcare IT infrastructure in hospitals and healthcare ecosystems. However, digital health also presents challenges, including data security and privacy concerns. Criminals may exploit the black market for compromised healthcare records, leading to fraudulent insurance claims. Digital health startups and telehealth platform developers must prioritize secure messaging apps and e-prescription systems to mitigate risks. Preventive healthcare applications, such as medication reminders, symptom tracking apps, and continuous glucose monitors, are essential for managing non-communicable diseases like diabetes, heart disease, cancer, and stroke. Wearable devices, such as ECG monitors, blood pressure cuffs, and smartphone applications, are transforming healthcare decisions and enabling remote monitoring for pregnant women. The IT industry’s consumer-centric approach to healthcare is driving innovation in digital health technology, with telehealth services, health management tools, and pharmacy delivery becoming increasingly popular. The future of digital health lies in the integration of digital technology and healthcare, providing personalized healthcare solutions for patients and consumers.

Table of Contents:

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

ApplicationWireless HealthMobile HealthEHRTelehealthComponentSoftwareServicesHardwareGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

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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Technology

Foresite Named 2026 Google Cloud Security Partner of the Year for North America

Published

12 minutes ago

April 21, 2026

Recognition highlights leadership in practitioner-governed, AI-enhanced security operations

OVERLAND PARK, Kan., Apr. 21, 2026 /PRNewswire/ — Foresite Cybersecurity today announced it has been named the 2026 Google Cloud Security Partner of the Year in the North America category, presented at Google Cloud Next ’26 in Las Vegas.

Foresite named 2026 Google Cloud Security Partner of the Year

Organizations looking to operationalize AI-driven security on Google Cloud can learn more at next.foresite.com.

Foresite delivers fully managed security operations on Google Security Operations (SecOps), enabling customers to detect and respond to threats in seconds, reduce investigation fatigue, and maintain continuous audit readiness without expanding internal teams.

Operating as the human control layer for AI-driven security, Foresite combines Google’s agentic investigation capabilities with practitioner-validated accountability. Every autonomous investigation is reviewed and authorized by a named analyst before response actions are executed, giving customers clear visibility into how decisions are made and risk is managed.

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name Foresite a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

As a Google Cloud Premier Partner with Security and MSSP specializations, Foresite delivers managed services through its Catalyst platform — extending Google SecOps with operational governance, automation, and continuous compliance capabilities. Over the past year, the company expanded its SecOps delivery practice while sustaining 96% customer retention, reflecting growing demand for managed, AI-enhanced security operations.

Across its managed services portfolio, Foresite delivers a 90% reduction in mean investigation time and sub-15-second automated threat response for its customers — enabling security teams to focus on strategic risk decisions rather than alert triage.

Foresite’s approach to managed security operations on Google Cloud was the subject of an independent Technical Validation by Enterprise Strategy Group (now part of Omdia), commissioned by Google in August 2025. The report examined how Foresite’s Catalyst platform extends Google Security Operations to deliver threat detection, investigation, and response for organizations at varying levels of security maturity.

“Our Technical Validation of Foresite’s Catalyst platform examined how practitioner-led governance can extend Google Security Operations to deliver measurable detection and response outcomes. Google Cloud’s Partner of the Year recognition independently confirms what our analysis identified — that platform-native expertise, rather than tool access, is what differentiates managed security outcomes for mid-market and enterprise organizations.”— Tony Palmer, Practice Director, Omdia (formerly Enterprise Strategy Group).

“We’re entering an era where AI can investigate threats at machine speed,” said Jeremy Hehl, Chief Evangelist at Foresite. “Enterprise organizations need confidence that those decisions are governed and aligned to real business risk. This recognition from Google Cloud reinforces our focus in helping customers operationalize AI security at scale.”

Foresite is showcasing its Agentic SOC capabilities at Google Cloud Next ’26, demonstrating how security teams can move beyond alert monitoring to govern autonomous response using Google SecOps, Google Threat Intelligence, and AI security controls.

Foresite is purpose-built for organizations that need enterprise-grade security operations without enterprise-scale friction. The company delivers the operational rigor and platform expertise these organizations require to run Google SecOps effectively — without the overhead of building and staffing a full internal SOC.

About Foresite Cybersecurity
Foresite Cybersecurity is a Google Cloud Premier Partner providing managed security operations, compliance automation, and threat intelligence services. Through its Catalyst platform, Foresite helps organizations operationalize AI-driven security with practitioner-led governance and measurable risk reduction. Learn more at foresite.com.

Media Contacts
Claire Simpson Director of Global Brand & Strategic Marketing
Tim Suwandhaputra VP, Go-to-Market
press@foresite.com

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Technology

Tredence Awarded 2026 Google Cloud Global Industry Solutions Partner of the Year Award for Retail

Published

12 minutes ago

April 21, 2026

Trusted for driving the data & AI strategy for 8 of the top 10 retailers, powering $2 trillion in retail revenue

LAS VEGAS and BENGALURU, India, April 21, 2026 /PRNewswire/ — Tredence, a global AI and data science solutions company, today announced it has been named the 2026 Google Cloud Services & Industry Solutions Partner of the Year for Retail. This award reflects Tredence’s demonstrated ability to deliver measurable customer impact at scale. Notably, this is Tredence’s third such distinction, having previously been recognized in CPG and Gaming, a testament to Tredence’s unmatched depth, breadth, and impact across the industries it serves.

For the world’s leading retailers, Tredence has consistently delivered the full AI transformation journey — migrating, modernizing, and deploying scalable AI applications and agents on Google Cloud, powered by Vertex AI and Gemini Enterprise. In FY25, Tredence drove transformative impact across 25+ strategic retail accounts spanning four continents, delivering measurable business outcomes and accelerating Google Cloud adoption at unprecedented scale. Tredence’s impact has been defined by three core motions:

Modernization at scale, building agentic foundations – Tredence executed some of the world’s most complex retail cloud migrations, including the largest-ever cloud migration in retail history, migrating 12 petabytes of data for 40,000+ analytics users with 100% operational continuity, and a landmark platform overhaul delivered ahead of schedule, reducing total cost of ownership by 20–40% and building the unified data foundations that power agentic AI at scale.Accelerating agentic AI adoption – Tredence deployed 100+ AI/ML accelerators, including 10+ retail-specific multi-agent systems built on Vertex AI and Gemini Enterprise, eliminating up to 70% of manual effort, automating up to 98% of manual ticketing processes, and cutting temporary labor costs by 20%, compressing months of deployment into weeks across some of the most complex retail environments in the world.Delivering global impact at measurable scale – Tredence drove transformative outcomes across every retail format and across geographies unifying supply chain data across 20,000+ stores to automate retail media insights, deploying a full agentic platform in just 6 months for a major wholesale retailer, and delivering greenfield Google Cloud wins, proving that the Tredence and Google Cloud partnership delivers measurable impact across every retail segment and scale of ambition.

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name Tredence a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

“Winning Google Cloud’s Retail Partner of the Year reflects one thing: the outcomes we deliver for the world’s most admired retailers, consistently and at scale,” said Amanpal Dhupar, Vice President, Head of Retail at Tredence. “We are the trusted Data and AI partner for 8 of the top 10 global retailers and have built a team of world-class retail practitioners, a proprietary accelerator ecosystem powering over $2 trillion in global retail sales, and a last-mile operationalization capability.”

Tredence recently launched its Transformative Agentic Commerce Solution Accelerators at NRF 2026. Built on Google Cloud services, these accelerators can be customized for each retailer to address unique needs and deliver faster time-to-value.

Tredence will showcase these capabilities at Google Next, Booth #2911, at the Mandalay Bay Convention Center in Las Vegas.

About Tredence:

Tredence is a global AI and data science solutions provider focused on solving the last-mile problem in AI, the gap between insight creation and value realization. Tredence leverages deep domain expertise, data platforms and accelerators, and strategic partnerships to provide tailored, cutting-edge solutions to its clients. The company has 4,200+ employees across the San Francisco Bay Area, Chicago, Riyadh, London, Toronto, and Bengaluru, serving top brands in Retail, CPG, Hi-tech, Telecom, Healthcare, Travel, and Industrials.

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Technology

dbt Labs Wins a 2026 Google Cloud Partner of the Year Award

Published

12 minutes ago

April 21, 2026

PHILADELPHIA, April 21, 2026 /PRNewswire/ — dbt Labs, the leader in standards for AI-ready structured data, announced today that it has received the 2026 Google Cloud Partner of the Year award for Data and Analytics: Data Pipelines and Governance. dbt Labs works together with Google Cloud to provide the foundation for an organization’s transition to AI leadership and innovation. The combination of rich data warehousing capabilities and the democratization of complex data transformation removes technical barriers, enabling analysts and business leaders to accelerate their time-to-value.

dbt Labs is being recognized for its achievements in the Google Cloud ecosystem, helping joint customers manage data at scale on Google Cloud and turn it into trusted, actionable insights with speed and efficiency. Thousands of organizations run dbt on Google BigQuery globally, an integration designed to accelerate the delivery of trusted analytics and AI. By consolidating data transformation into a single, unified tool, joint customers quickly gain increased operational efficiency through advanced orchestration features. dbt Labs empowers customers to manage and trust results, ensuring high-quality data is ready to power analytics and AI initiatives both today and in the future.

“Every AI strategy needs to be underpinned by a standardized foundation and process to control, govern and document progress for high-quality, trusted results,” said Shawn Toldo, Vice President, Worldwide Partner Ecosystem at dbt Labs. “Together, dbt Labs and Google Cloud enable organizations to build that foundation for an AI-ready future. We are excited for the recognition and growing partnership with Google.”

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name dbt Labs a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

This recognition is the latest example of dbt Labs’ momentum since launching on Google Cloud Marketplace one year ago. The partnership’s trajectory is driven by extensive global adoption and usage across diverse industries and a rapidly expanding community of active practitioners. Additionally, dbt Labs’ partner team earned two Google Partner All Star awards, reinforcing the deep collaboration and commitment to driving mutual success.

By bringing Google AI capabilities into dbt workflows, joint customers gain the trustworthy, well-documented, governed foundation that reliable analytics and AI demand. To learn more about how dbt Labs and Google Cloud are enabling AI-ready data pipelines, watch the on-demand webinar “Building dbt Models Faster with Google AI” at https://www.getdbt.com/confirmation/building-dbt-models-faster-with-google-ai-recording.

About dbt Labs
Since 2016, dbt Labs has been on a mission to help data practitioners create and disseminate organizational knowledge. dbt is the standard for AI-ready structured data. Powered by the dbt Fusion engine, it unlocks the performance, context, and trust that organizations need to scale analytics in the era of AI. Globally, more than 80,000 data teams use dbt, including those at Siemens, Roche and Condé Nast.

Learn more at getdbt.com, and follow dbt Labs on LinkedIn, X, Instagram, and YouTube.

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