Tech Visionary Louis Hernandez Jr. to Decode New Book “Digital Tsunami” at Exclusive NAB Las Vegas Leadership Forum

MIAMI, March 31, 2025 /PRNewswire/ — Louis Hernandez Jr.’s Foundation For A Bright Future (“For A Bright Future, “FABF”), a non-profit organization dedicated to supporting underprivileged children, announced a strategic three-year partnership with the NAB Leadership Foundation (NABLF) and Grass Valley, a leading technology provider for the live media and entertainment industry market, to create educational and leadership opportunities in the media technology sector. The collaboration will focus on expanding access to broadcasting and media technology careers for underrepresented students through comprehensive education and mentorship programs.

As part of the partnership, FABF will fund new Technology Apprenticeship Program (TAP) scholarships for 2025-2027, creating fellowships for qualified students from diverse backgrounds. These fellowships provide recipients with valuable hands-on experience and mentorship in the broadcasting and media technology fields.

Additionally, Louis Hernandez Jr., Founder of FABF and Owner and Executive Chairman of Grass Valley, will be featured in NABLF’s Focus on Leadership Speaker Series at the upcoming NAB Show on April 6, 2025, in the West Hall of the Las Vegas Convention Center. Hernandez will discuss his latest book, “The Digital Tsunami,” which explores the unprecedented technological transformation reshaping industries worldwide. All attendees will receive copies of the book, with a signing event scheduled on-site following Hernandez’s presentation at 10:00 am.

“For A Bright Future Foundation is dedicated to creating pathways to success for underrepresented youth, and this partnership with the NAB Leadership Foundation represents a significant advancement of that mission,” said Louis Hernandez Jr. “The media technology sector offers tremendous opportunities for innovation and growth, but many talented young people lack the access and resources to pursue these careers. By combining our expertise with NABLF’s industry connections, we’re building bridges enabling diverse students to thrive in this dynamic field while bringing fresh perspectives to the industry.”

The collaboration leverages FABF’s expertise in providing cutting-edge technology programs to high school students, and NABLF focuses on attracting talented individuals to broadcasting careers. The partnership will initially target key markets in New York, California, Florida, and Texas, developing comprehensive career pathways that bridge high school and higher education in the media technology sector.

TAP students will have the opportunity to visit the Grass Valley exhibit space at the NAB Show to learn firsthand how cutting-edge technology supports broadcasters. FABF and NABLF will also work together to explore additional funding resources to support ongoing initiatives and broaden program access for communities in need.

“We believe every child deserves equal access to opportunities that can transform their lives,” says Gina Rogoto, SVP of Operations and Programs at FABF. “This partnership embodies that principle by creating sustainable pathways to meaningful careers in an industry that continues to evolve at an unprecedented pace.”

Contact:
Gina Rogoto, SVP, Operations and Programs
For A Bright Future
Email: gmr@forabrightfuturefoundation.org

About Louis Hernandez Jr.’s Foundation For A Bright Future
Louis Hernandez Jr.’s Foundation For A Bright Future is a 501(c)(3) not-for-profit organization dedicated to supporting the needs of underrepresented and underprivileged children through education, healthcare, the arts, and youth leadership development. Our initiatives provide equal opportunity for all children to have the tools and opportunities to fulfill their life goals and become constructive members of our global community. Learn more at forabrightfuturefoundation.org.

About Louis Hernandez Jr.
Louis Hernandez Jr. is the founder, chairman, CEO, and major investor of Black Dragon Capital. He is an award-winning entrepreneur, successful operating executive, investor, philanthropist, and author. His focus and passion are to advance technology initiatives, enabling active collaboration and connection between individuals, teams, and businesses.  He searches for disruptive technology that strengthens economic stability within communities with a strong emphasis on impact investing and outstanding returns.

He is a sought-after leader, and advisor to global organizations around the world. Through his philanthropic organization, For A Bright Future Foundation, Hernandez has created unique programs in multiple geographies that actively support the equal access of underprivileged and underrepresented children to healthcare, education, the arts, and leadership development. He has been on numerous not-for-profit and hospital boards of directors aligned with the interests of his foundation. Hernandez is a prolific author with several published works. His bibliography includes Too Small to Fail (2010), Saving the American Dream (2013), The Storyteller’s Dilemma (2017), and his latest book, Digital Tsunami (2024).

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DELRAY BEACH, Fla., March 31, 2025 /PRNewswire/ — The global Tax Tech Market will grow from USD 18.53 billion in 2024 to USD 36.72 billion by 2030 at a compounded annual growth rate (CAGR) of 12.1% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Tax Tech Market”

180 – Tables
150 – Figures
310 – Pages

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Scope of the Report

The accelerated rise of international commerce and e-commerce substantially drives the complexity of tax compliance among businesses with global operations. Each country has different tax laws, VAT/GST systems, and digital reporting mandates, which challenge manual handling. Cross-border trade, digital services, and various treatments of taxes are also adding to the complexity. Therefore, companies are adopting centralized tax technology platforms that provide scalable and automated solutions to manage various tax requirements effectively. The systems help achieve global tax compliance, reduce mistakes, and increase operations visibility. Precision, consistency, and flexibility in a fast-paced global landscape are some of the primary drivers of using sophisticated tax tech solutions.

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Based on the offering, the solutions segment is expected to hold the largest market share during the forecast period.

Based on the offering, the solutions segment is expected to hold the largest market share in the Tax Tech Market during the forecast period due to the growing demand for automation, compliance, and real-time tax reporting across industries. Organizations in more significant quantities are implementing tax software solutions to automate tax calculations, manage regulatory updates, and reduce manual errors. These solutions provide advanced features such as e-filing, audit support, analytics, and system integration with enterprises, enabling business houses to make tax operations more accurate and efficient. With governments worldwide adopting complex and dynamic taxation regulations, firms are turning towards robust digital solutions to ensure on-time compliance and minimize financial risk. The rise of cloud-based tax solutions drives further adoption, offering scalability, security, and cost savings. The increased need for digital transformation in finance teams and the necessity to maintain transparency in taxation practices are a few of the key drivers fueling the dominance of the solutions segment in this market.

Based on the vertical type, the IT & telecom segment is expected to grow at the highest CAGR during the forecast period.

The IT & Telecom sector is expected to grow in the Tax Tech Market, with the highest CAGR during the forecast period. This growth follows as businesses within this industry scale up their digitalization initiatives and come under increased pressure to remain compliant with changing tax laws across various geographies. With massive amounts of data and frequent cross-border payments, IT & Telecom firms are adopting advanced taxation technologies like AI-based tools, cloud solutions, and automated reporting platforms to simplify complex tax processes and minimize chances of error. These solutions not only save time but also help companies maintain agility in the face of a fast-changing regulatory environment. Therefore, the need for more innovative, scalable tax tech is increasing rapidly in this segment and is, as such, a key factor driving market expansion.

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Based on the regions, the Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period.

Middle East & Africa is anticipated to register the second-highest CAGR in the tax tech industry over the forecast period, led by extensive government-initiated digital tax reforms and rising adoption of e-invoicing and compliance solutions. Egypt, Nigeria, and Kenya are transforming Africa with solutions such as ETA’s e-receipt system, FIRS’s TaxPro Max, and KRA’s eTIMS to enhance tax transparency and prevent evasion. In the Middle East, UAE’s EmaraTax and Saudi Arabia’s ZATCA-led e-invoicing demonstrate a healthy regulatory pace towards real-time, networked tax systems. The Gulf nations of Bahrain and Oman are in catch-up mode, too, making investments in platforms with SAP and PwC as partners. South Africa has consistently progressed with SARS’s electronic customs and eFiling enhancements. As infrastructure enhances and informal economies go digital, the region offers robust growth opportunities for tax tech suppliers, placing MEA in a fast-evolving position as a hub for advanced tax administration solutions.

Top Key Companies in Tax Tech Market:

Some of the tax tech vendors are Wolters Kluwer (Netherlands), H&R Block (US), Avalara (US), and Vertex.inc (US), Thomson Reuters (Canada), SAP (Germany), ADP (US), Sovos (US), Intuit (US) and Xero (New Zealand).

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Get access to the latest updates on Tax Tech Companies and Tax Tech Industry

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

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Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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Market Growth Driven by Government Initiatives, Technological Advancements, and Increasing Patient Preference for Outpatient Care

REDDING, Calif., March 31, 2025 /PRNewswire/ — According to a new market research report titled ‘U.S. Ambulatory EHR Market Size, Share, Forecast, & Trends Analysis by Deployment Mode (Cloud/Web-based, On-premises), Type (All-in-one, Modular), Practice Size (Large, Small-to-Medium, Solo), Application (Practice Management, CPOE, CDS, Patient Portals, Referral Management, Population Health Management, Others), End User (Hospital-owned, Independent) – U.S. Forecast to 2031’, published by Meticulous Research®, the U.S. ambulatory Electronic Health Records (EHR) market is projected to grow from an estimated $2.67 billion in 2024 to $3.97 billion by 2031, expanding at a CAGR of 5.8% during the forecast period.

Key Market Drivers and Trends

The U.S. ambulatory EHR market is experiencing significant growth due to increasing government support for EHR adoption, the rising preference for ambulatory care over inpatient hospitalization, and the growing need among healthcare organizations to optimize operational costs. The transition from paper-based health records to digital platforms is enhancing care coordination, reducing errors, and improving overall efficiency in outpatient settings.

According to the Office of the National Coordinator for Health Information Technology, as of 2023, approximately 93% of U.S. office-based physicians had adopted an EHR system, with 85% utilizing certified solutions. Federal initiatives aimed at expanding EHR implementation in ambulatory settings have proven effective, with adoption rates continuing to climb, particularly among smaller practices and rural healthcare providers previously resistant to digital transformation.

The market is also witnessing advancements in AI and machine learning integration, enabling improved clinical decision support, predictive analytics, and data-driven insights. The ongoing expansion of outpatient facilities and ambulatory surgery centers (ASCs), which surpassed 6,377 operational units as of August 2024, is fostering demand for EHR solutions tailored for outpatient settings.

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Growth Opportunities

The integration of AI and ML technologies into EHR systems presents significant growth opportunities for market players. AI-powered EHR solutions facilitate better data management, improve patient outcomes, and enhance decision-making processes. Furthermore, increasing investments in cloud-based EHR solutions are making them more accessible and cost-effective for small and mid-sized practices.

Market Challenges

Despite strong growth potential, challenges such as high deployment costs, data security concerns, and high product replacement rates continue to affect market expansion. Ensuring seamless interoperability between various healthcare IT systems remains a key challenge for industry stakeholders.

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Segment Insights:

By Deployment Mode: The cloud/web-based segment is expected to account for 79.2% of the overall ambulatory EHR market in the U.S. in 2024, driven by its lower upfront costs, automated data backup features, and enhanced security capabilities compared to on-premises solutions.

By Deployment Mode: The cloud/web-based segment is expected to account for 79.2% of the market in 2024, driven by its lower upfront costs, automated data backup features, and enhanced security capabilities compared to on-premises solutions.

By Type: All-in-one ambulatory EHR systems dominate the market, capturing 68.2% of the share in 2024, due to their comprehensive functionalities and seamless integration capabilities.

By Practice Size: Large practices hold the largest share (49.6%) of the U.S. ambulatory EHR market, benefiting from strong financial capabilities and bargaining power when selecting EHR vendors.

By Application: Practice management solutions lead the market with a 26% share in 2024, attributed to their role in optimizing clinical workflows, patient scheduling, and billing processes.

By End User: Hospital-owned ambulatory centers are the primary adopters of EHR solutions, leveraging structured data management and extensive resources for implementation.

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Competitive Landscape

The U.S. ambulatory EHR market is highly competitive, with key players investing in AI-powered solutions, strategic partnerships, and product innovations. Leading companies such as Greenway Health, CureMD Healthcare, AdvancedMD, Inc., Kareo, Inc., CompuGroup Medical Inc., Athenahealth, Inc., Nextgen Healthcare Inc., and eClinicalWorks LLC are at the forefront of technological advancements.

Recent Developments in the Industry

October 2024: AdvancedMD introduced 30+ updates across its practice management, EHR, and patient engagement platforms, enhancing telehealth functionalities and e-prescribing workflows.May 2024: Greenway Health partnered with DrFirst Inc. to improve medication adherence and reduce prescription abandonment.April 2024: eClinicalWorks collaborated with American Medical Administrators to integrate its Healow platform for improved healthcare provider solutions.February 2023: AdvancedMD launched new billing and clinical workflow enhancements to streamline operations.

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Scope of the Report:

U.S. Ambulatory EHR Market Assessment—by Deployment Mode

Cloud/Web-Based Ambulatory EHROn-Premises Ambulatory EHR

U.S. Ambulatory EHR Market Assessment—by Type

All-In-One Ambulatory EHRModular Ambulatory EHR

U.S. Ambulatory EHR Market Assessment—by Practice Size

Large PracticesSmall-To-Medium-Sized PracticesSolo Practices

U.S. Ambulatory EHR Market Assessment—by Application

Practice ManagementComputerized Physician Order Entry (CPOE)Patient PortalsClinical Decision Support (CDS)Referral ManagementPopulation Health ManagementOther Applications

U.S. Ambulatory EHR Market Assessment—by End User

Hospital-Owned Ambulatory CentersIndependent Ambulatory Centers

Related Reports:

Ambulatory EHR Market Size, Share, Forecast, & Trends Analysis by Deployment Mode (Cloud, On-premises) Type (All-in-one, Modular) Application (Practice, Patient Portal, CPOE, CDS, Referral, Population Health) End User, Practice – Global Forecast to 2031
https://www.meticulousresearch.com/product/ambulatory-ehr-market-5190

Healthcare IT Market by Product (EHR, CDSS, CPOE, Telehealth, Financial Analytics, Claims Management Services, mHealth, RCM, Analytics, CRM, Population Health, LIS, PACS, VNA) Deployment Mode (On-premises, Cloud) Component & End User – Global Forecast to 2031
https://www.meticulousresearch.com/product/healthcare-it-market-5084

Medical Image Management Market by Product {PACS [Departmental (Radiology, Cardiology), Enterprise], VNA [(On-Premises, Hybrid, Cloud), (Independent, PACS Vendor)], AICA, Universal Viewer}, End User (Hospital, Diagnostic Center) – Global Forecast to 2030
https://www.meticulousresearch.com/product/medical-image-management-market-4761

North America Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud), and End User (Hospital, Payer, Ambulatory, Homecare)- Forecast to 2032
https://www.meticulousresearch.com/product/north-america-healthcare-it-market-5634

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