EPC consulting services helps healthcare facilities to enhance operational efficiency and reduce costs by integrating data-driven solutions. EPC consultants assists in modernizing legacy systems, optimizing clinical workflows, and ensuring regulatory compliance. EPC consulting also helps in building and managing integrated healthcare IT infrastructures, which has become a necessity with the proliferation of patient data.
The global Epc Consulting Market is estimated to be valued at US$ 11.4 Bn in 2023 and is expected to exhibit a CAGR Of 13% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for data-driven healthcare solutions from providers as well as payers is accelerating the growth of EPC consulting market. EPC consultants help hospitals and health systems to develop advanced analytics capabilities to gain real-time insights from patient data. This helps healthcare organizations to enhance clinical outcomes, personalize patient engagement, enable value-based care, and optimize cost management. EPC consultants ensure that the extensive patient data gathered from disparate clinical and operational systems is securely harnessed to support data-driven decision making. The ability of EPC consulting to help providers transition to proactive and predictive models of healthcare delivery through data analytics is one of the key trends fueling the market growth.
Segment Analysis
The global EPC consulting market is segmented into construction phase and end-use industry. Based on construction phase, the design segment dominates the market as EPC consultants are extensively involved in the designing phase of construction projects. EPC consultants play a crucial role in project designing by offering value engineering, concept development, schematic design, and technical services. In terms of end-use industry, the oil and gas segment accounts for the largest share of the EPC consulting market. EPC consultants are heavily relied upon in the oil and gas industry for designing and constructing midstream and downstream oil and gas projects.
Key Takeaways
The Global EPC Consulting Market Demand is expected to witness high growth over the forecast period owing increasing construction of large infrastructure projects worldwide. Rapid industrialization and urbanization in developing countries is driving the need for EPC consultants. The global EPC Consulting Market is estimated to be valued at US$ 11.4 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030.
Regional analysis:
North America accounts for the largest share of the global EPC consulting market led by the presence of major oil and gas companies and EPC consulting firms in the region. Moreover, increasing investments in transportation infrastructure projects such as high-speed rail, roads, and bridges in the US and Canada is accelerating market growth.
Key players:
Key players operating in the EPC consulting market are ACS Group, AECOM, Jacobs Engineering Group, Black & Veatch, Kellogg Brown & Root (KBR), Chiyoda Corporation, TechnipFMC, WorleyParsons and Fluor Corporation. These players collectively account for a significant share of the global market. They have extensive experience in providing EPC consulting services across a wide range of industrial sectors.
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