Clinical Trial Management Systems Market Current Trends and Top Benefits till 2028

Web-based clinical trial management systems continue to be the preferred mode of deployment for pharmaceutical and biotechnology companies, finds a new study by Fact.MR. The report projects that web-based clinical trial management systems will remain pervasive in the clinical trial management systems market during the review period 2018-2028, gaining an impressive US$ 116 Mn in incremental opportunity in a decade.

Clinical Trial Management Systems Market to Surpass US$ 1 Billion During the Course of Forecast Period

The report is bullish on the prospects of clinical trial management systems market, and expects revenues to surpass US$ 1 billion during the course of the forecast period. Growth will be induced by a range of macroeconomic and industry-specific factors, with growing awareness on the critical role of clinical trial management systems in improving workflow influencing investment.

Clinical Trial Management Systems Market: Sensitization on Benefits over Paper-based Driving Growth

The report finds that sensitization about the operational benefits of clinical trial management system over manual paper-based process has been a key factor for increased adoption. While a majority of end-users are using clinical trial management systems in-house, a significant percentage of end-users also outsource to vendors, such as CROs and SMOs. Outsourcing of site monitoring, site management, and schedule tracking functions was highest among end-users.

According to the report, standardization, SaaS-based solutions, and flexibility in terms of pricing and licensing are among the key evolutions in the clinical trial management system market. The increasing complexity in clinical trials has meant that pharmaceutical companies prefer outsourcing clinical trial execution to contract organizations. Outsourcing is likely to gain further momentum during the assessment period as proliferation of specialty clinical research organizations and academic research organizations (AROs) witnesses a spike.

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The report finds that revenues generated from clinical trial management software are higher than services, and the status quo is unlikely to remain unchanged during the assessment period. The revenues generated from clinical trial management software is nearly 3x of services in 2018, and both these segments are likely to grow at similar CAGR during the assessment period.

Preference for enterprise-based clinical trial management systems is higher among end-users. The preference for enterprise-based clinical trial management systems can be gauged by the fact that this segment accounted for nearly three-fourth revenue share of the market in 2018. The preference for enterprise-based clinical trials is likely to continue unabated during the review period.

Adoption of clinical trial management systems is mainly concentrated among pharmaceutical companies, contract research organizations (CROs), and healthcare providers. Pharmaceutical companies account for nearly three-fourth revenue share of the clinical trial management systems market, with healthcare providers accounting for a miniscule revenue share.

The penetration rate of clinical trial management systems is higher in the US and EU5, with pharmaceutical companies and other end-users adopting a proactive approach towards adoption of advanced software and services. The proliferation of clinical trial management systems in the US is reflected by the statistic that the country accounts for nearly 40% revenue share of the global clinical trial management systems market. The adoption rate is also impressive in Canada, albeit the market is likely to grow from a small base.

According to the report, adoption of clinical trial management systems in Europe is concentrated in Germany, U.K., Spain, Italy, and France. These five markets collectively account for nearly 68% revenue share of the clinical trial management systems market. Germany is likely to retain its position as the most lucrative market for clinical trial management systems, whereas growth is likely to be sluggish in the U.K

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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IBM Watson Services Market Current Trends and Top Benefits till 2028

IBM Watson is considered to be the first-ever commercialized cognitive computing platform, designed specifically for underpinning the development of various enterprise solutions. IBM Watson services continue to tap immense opportunity in the rapidly evolving cognitive computing field, which has been reshaping the nature of business operations, thereby determining their growth. Fact.MR’s recent study projects the IBM Watson services market to record a spectacular rise in the period of forecast (2018-2028). Over US$ 20,000 Mn worth of IBM Watson services are estimated to be sold globally by 2028-end.

Although cognitive computing is yet at its nascent phase, the technology is expected to have a significant influence on transformation of various businesses and industrial sectors. Leading companies such as Deloitte have joined IBM by investing time, manpower, and funds for implementing Watson technologies, in a bid to effectively resolve their client’s business’ shortcomings.

IBM Watson Services: Real-time Decoding of Consumer Choices and Reducing Process Downtime Attributes fuelling Adoption

IBM Watson services aid retailers in decoding consumer choices by providing insights into latest trends, and key aspects of marketing. This further enable retailers in improving the profitability, and enhancing their business efficiency. Operating more effectively using analytics, IoT, and cognitive computing, IBM Watson helps manufacturing plants in reducing downtime and improving the overall operational quality.

Apart from increasing uptime, IBM Watson also helps manufacturing industry in lowering risks in their processes by analyzing machines, handling equipment repairs, and predicting outages. This further enables manufacturers in adapting their factory floors in real-time, for reducing downtime, and streamlining operations.

IBM Watson Services: High Attraction in Healthcare with BFSI on the Trail

IBM Watson’s cognitive computing or AI platform has been reforming the healthcare operations since the recent past. Services offered by IBM Watson facilitate healthcare professionals by screening structure & unstructured data of patients, and recent evidence-based medications, regulatory requirements, and quality standards. IBM Watson has been constructed for churning through ever-growing quantity of research data, thereby promising fast marketing of new drugs.

IBM Watson services are being extensively employed by pharmaceutical companies, academic institutions, and medical devices manufacturers for drug repurposing and new drug target identification. The potential for AI in improving the overall quality and consistency of cancer care, which has enabled physicians in spending more time on delivering care to patients, has paved lucrative opportunities for IBM Watson services in the healthcare sector.

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Finance organizations are entering into partnerships with IBM for leveraging the Watson technology in developing effective consumer banking solutions. Post-development of cognitive technologies to deliver consumer insight, IBM Watson has offered services that enable finance firms in managing regulatory and compliance controls. Insurance employees can leverage IBM Watson services in fast determination of the eligibility and percentile of claim that must be paid, thereby making better decisions and gaining better results.

Banking, financial services & insurance (BFSI) is estimated to trail healthcare in terms of IBM Watson services market’s revenue share. Currently, IBM Watson financial services power services apropos of the wealth management industry, financial risk management solutions, and insurance services.

IBM Watson gains Momentum by Facilitating Coding of Natural Language Processing

IBM Watson language services are poised to hold bulk shares of the market over the forecast period. IBM Watson integrates real-time computing power & machine learning, into language processing for sifting through immense unstructured data, such as social posts, journals, emails, and documents, for providing solutions faster. Better & improved understanding of communications - particularly natural language processing & translation – is a key agenda of IBM Watson language services, which in turn has propelled their demand among data centers.

Communication service providers (CSPs) are leveraging Watson services, such as natural language conversation and understanding, in not only identifying problems, but also resolving them. Incorporating a discovery process and deep reasoning into conversational system, IBM Watson provides context around differences in conversational agents, and their value offerings to businesses. This has further enables CSPs in winning consumer loyalty by using conversational agents.

In the wake of artificial intelligence (AI), wherein smart and context-specific applications have been introduced, IBM Watson imparts a wide array of services related to natural language that enable extraction of keywords, sentiments, and entities, along with other semantic details in a provided text. Technologies for machine language translation such as IBM Watson’s Language Translator are likely to gain increased demand in the field of automation, while disrupting the global service delivery

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Lifesciences Enterprise Storage Market Global Growth, Industry Analysis & Forecast To 2026

According to Fact.MR’s recent forecast study, the global lifesciences enterprise storage market will expand at a moderate pace of 4.2% CAGR in terms of value over the forecast period, 2017-2026. It has been estimated that by the end of 2026, the global lifesciences enterprise storage market will be worth over US$ 2.6 Bn.

Key Forecast Highlights from the Report

Pharmaceutical companies will be observed as key customer segments in the global lifesciences enterprise storage market. By the end of 2026, more than US$ 1.2 Bn worth of lifesciences enterprise storage solutions will be adopted by the pharmaceutical consumer segment. Governments and biotech companies are also being viewed as key customer segments for lifesciences enterprise storage.

In 2017, the adoption of storage attached network in the global lifesciences enterprise storage market is expected to bring in more than US$ 830 Mn in revenues. The report also reveals that server attached storages will register fastest value growth at a steady CAGR of 5.4% during the forecast period.

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On-premise deployment of lifesciences enterprise storages will register highest share on global market value throughout the forecast period. However, on-cloud deployment of lifesciences enterprise storage will gain traction through 2026. By the end of the forecast period, more than US$ 1 Bn worth of lifesciences enterprise storages will be deployed with on-cloud model.

In 2017, North America’s lifesciences enterprise storage market was estimated to be worth over US$ 900 Mn. Robust infrastructure in the lifesciences sector across the US and Canada will continue to drive the growth of North America’s lifesciences enterprise storage market throughout the forecast period. By the end of 2026, North America will represent the largest market for lifesciences enterprise storage, accounting for an estimated global market value share of 46.5%.

Europe and the Asia-Pacific excluding Japan (APEJ) region is also expected to account for high revenue growth in the global lifesciences enterprise storage market. While Europe will account for more than 12% of the global market value growth throughout the forecast period, the APEJ lifesciences enterprise storage market is estimated to expand at the fastest value CAGR of 6.1% during the forecast period.

The report has profiled key stakeholders in the global lifesciences enterprise storage market, which include HPE, NetApp, Dell Inc., IBM, ODM Direct and Hitachi. Majority of the players in the global lifesciences enterprise storage market are expected to introduce innovative storage solutions based on the data management needs of lifescience enterprises. Since the lifesciences enterprise storage landscape is currently at a nascent stage, the competition will remain consolidated through 2026, with aggressive presence of only handful of players.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Lifesciences Data Mining and Visualization Market Insights and depth Analysis to 2026

The global healthcare data mining & visualization market has been slated to reflect a spectacular rise between the forecast period 2017 and 2026. The market has been estimated to surpass US$ 6,000 Mn in revenues by 2026-end.

Companies Leveraging Lifesciences Data Visualization to Make Improvements in their Facilities

With the business of lifesciences witnessing continuous evolution, optimizing effectiveness of decisions related to capital investment is gaining paramount importance within the industries. The decisions apropos to facility function & location are indispensable, mainly because proximity to services plays pivotal role. Lifescience data visualization has therefore been gaining huge momentum along with its provision of the application-specific data and infographics. Lifescience data visualization facilitates better understanding of complex data’s graphical representation, which has led companies to capitalize on the technology with an aim to make improvements in their facilities. A popular trend witnessed in the market is increasing importance of sharing lifescience data visualization in a bid to enable discerning of results in a format that is easy to understand.

Data mining is intensively & extensively being utilized by several lifesciences organizations, and is gaining immense popularity in the industry, although the degree of essentiality has been moderate. The data mining applications significantly benefit the lifesciences companies, for example, these organizations can make correct decisions associated with customer relationship management, thereby enabling physicians in identifying best practices as well as effective treatment options. Patients are provided with affordable & improved healthcare services. Huge amount of highly complex data created by transactions apropos to the lifesciences industry entails challenges such as processing and analyzing the voluminous data by using traditional methods. However, with the help of methodology and technology of data mining, the process of transforming this complex data into a useful intelligence is facilitated.

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Key Future Projections of Lifescience Data Mining and Visualization Market for Forecast Period 2017-2026

The global market for lifesciences data mining and visualization will be dominated by North America, in terms of revenues, during the forecast period. Europe has been estimated to remain the second largest market for lifesciences data mining and visualization.

Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fast-expanding market for lifesciences data mining and visualization, with revenues estimated to exceed US$ 500 Mn by 2026-end.

Revenues from the markets in Europe and Japan will increase at an equal CAGR, although Japan is poised to account for a small revenue share of the market during the forecast period.

On the basis of licensing structure, server-based segment will continue to be the leading revenue contributor to the market, followed by user-based yearly license. Revenues from these tow licensing structure segments are expected to hold over 40% share of the market by 2026-end.

Pharmaceuticals will continue to be the most remunerative customer segment in the global lifesciences data mining and visualization market, followed by biotech. These two customer segments are also projected to witness the fastest expansion in the market through 2026.

Among solution types in the market, the largest revenue shares of the market will be accounted by sales & marketing, operations and supply chain during the forecast period.

Both (on demand and on premise) delivery model of lifesciences data mining and visualization will continue to account for the largest revenue share of the market.

Key players identified by Fact.MR’s report include Tableau Software, SAS Institute Inc., SAP SE, Microsoft Corporation, TIBCO Software Inc., Oracle Corporation, IBM Corporation, Dundas Data Visualization Inc., Information Builders, Pentaho Corporation, MicroStrategy Inc., and InetSoft Technology Corporation

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Public Safety Software Market Insights by Size, Status and Forecast 2026

This Fact.MR report examines global public safety software market for the forecast period 2017–2027. The prime purpose of the report is to find opportunities and trends in the market and provide insights pertaining to segments of the global public safety software market.

To understand the opportunities and trends in this market, the report is categorically divided into four sections namely on the basis of solution type, end-user, deployment and region. The report analyzes global public safety software in terms of value (US$).

Public safety software helps minimizing the risks and secure various organizations from natural calamities and terrorist attacks. It delivers public safety management with variety of solutions including computer-aided dispatch (CAD), robust records management (RMS), field reporting mapping, crime analysis, and jail management (JMS).

Global public safety software market is anticipated to witness significant revenue growth over the forecast period. Rising cyber security threats, natural calamities along with growing risk of terrorist attacks across the globe are the major factors which help the public safety software market to grow with a rapid rate over the forecast period. Robust demand of public safety software in law and enforcement department to find the real time information across the globe leads the public safety software market towards high growth over the forecast period. Growing number of public safety solution offering along with high mergers and agreements between vendors and technology partners help to drive the public safety software market growth over the forecast period. The key restraining factor for the public safety software market is high budget and security issues which restrict the public safety market to grow over the forecast period.

Report starts with market overview and provides market definition and analysis about drivers, restraints, and key trends. The section that follows includes analysis of global public safety software market by Solution type, End-User, Deployment and region. The four sections evaluate the global public safety software market on the basis of various factors covering present scenario and future prospectus. The report also provides region-wise data of local and international companies, new install base of public safety software.

The global public safety software market is segmented as follows:

 

On the basis of end-user type, the market is segmented as follows:

Law Enforcement Agencies

Municipal Police Departments

Courts

Prosecutors

Marshals and Fire Departments

District Attorneys

Others

 Among above aforementioned end-user type, law enforcement agencies is predicted to witness a high share over the forecast period.

On the basis of deployment type, the market is segmented as follows:

On-premise

Cloud-based

On-premise deployment type accounts high market share among above mentioned deployment type whereas cloud-based deployment type is predicted to see a very high growth rate over the forecast period.

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Regions covered in the report are as follows:

North America

Latin America

Europe

Japan

APEJ

MEA

On the basis of Solution type the market is segmented into the following:

Computer Aided Dispatch Solution

Jail Management Solution

Incident Management Solution

Mobile Police Software Solution

Court Management Solution

Reporting Solution

Record Management Solution

Scheduling Solution

Permit and license administration solutions

Other Solution

Among above mention solution types, Computer Aided Dispatch Solution along with Record Management Solution are estimated to account high market share over the forecast period whereas Jail management solution is estimated to see a high growth rate over the forecast period.

Global Public safety software Market: Key Market Players

Spillman Technology, Inc., DF Labs SPA, IBM Corporation, Abbott Laboratories, Wynyard Group, IntelliChoice Inc., Tyler Technologies, Inc., SysTools Software Pvt Limited, PTS Solutions, Inc., Envisage Technologies LLC, Saltus Technologies, Policeone.com and many other market players

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://www.factmr.com/