Pharma Knowledge Management Software Market Scenario:
Pharma knowledge management software is gaining healthy traction. Due to its capabilities of identifying, evaluating, capturing, rectifying and sharing information, it is has drawn tremendous commercial interest in recent years. According to a study conducted by Market Research Future (MRFR), the global pharma knowledge management software market is set to post 17% CAGR from 2017 to 2023 and reach valuation in excess of USD 2 Bn.
Information gathered by pharma knowledge management software can play an important role in drug development process and allow pharmaceutical companies to implement knowledge-based management strategies. Moreover, these management tools provide information carried within the social networks, which allows analysis of various types of drugs, ingredients, disorders etc.
The global Pharma Knowledge Management Software Market is benefiting from the increased uptake of advanced technologies such as machine learning, artificial intelligence and IoT. These technologies are likely to bolster the capabilities of pharma knowledge management tool in the years to come. Technology companies such as SAP SE (Germany), eXo Platform (U.S.), Oracle Inc. (U.S.), Bitrix, Inc. (U.S.), SuiteRx (U.S) are among the prominent providers of pharma knowledge management services and products. Nevertheless, the market is witnessing a greater number of new entrants owing to growing opportunities. This is turn has increased the level of competition in the market. Many players are actively focusing on new product development in order to expand their product portfolio consequently improving their market position.
Pharmaceutical companies are aiming to leverage pharma knowledge management. Such efforts are leading to creation and dissemination of collective date which is of great importance. With the help of pharma knowledge management tools, companies are able to pace up drug discovery activities and reduce downtime. Insights into pharma procedures help in drawing conclusion faster to any experiment.Such factors are supporting the growth of the market. In addition, adoption of novel technologies along with innovation pharmaceutical products is also making a positive impact on the market.
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Pharma Knowledge Management Software Market Key Players:
Some of the top-notch companies profiled in MRFR’s report include SAP SE (Germany), eXo Platform (U.S.), Callidus Software Inc. (U.S.), Theum AG (Germany), Oracle Inc. (U.S.), Lucidea (Canada), SuiteRx (U.S),Altair Engineering, Inc. (U.S.), Nuance Communications, Inc.(U.S) and MangoApps Inc. (U.S.)
Pharma Knowledge Management Software Market Segmental Analysis:
MRFR repot includes a detailed segmental analysis of the market based on deployment type, software, end-user and region.
On the basis of deployment type, the market has been segmented into hybrid, cloud and on premises. On the basis of software, the market has been segmented into iOS, Android, Windows and others. On the basis of end-user, the market has been segmented into medical biotechnology, agricultural biotechnology, animal biotechnology, environmental biotechnology, academics, forensic biotechnology and others.
Pharma Knowledge Management Software Market Regional Analysis:
On the basis of region, the market has been segmented into North America, Asia Pacific (APAC), Europe and rest of the world (RoW). North America accounts for a significant share of the global pharma knowledge management software market in terms of value. The strong demand for multi-disciplined processes in US and Canada based orgnizations is partly influencing the market growth in the region.
Europe is also expected to remain an attractive destination for market players during the forecast period. It is projected that the market in Europe is likely to make a healthy progress in the foreseeable future. Meanwhile, Asia Pacific is also being viewed as an emerging market for pharma knowledgede management software. Countries suhc as Japan, South Korea , India and China are expected to make significant contribution to region’s market during the forecast perioid.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Knowledge Management Software In Pharmaceutical Industry Market: By Software
1.3.2 Global Knowledge Management Software In Pharmaceutical Industry Market: By Deployment
1.3.3 Global Knowledge Management Software In Pharmaceutical Industry Market: By End Users
1.3.4 Global Knowledge Management Software In Pharmaceutical Industry Market: By Region
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List of Tables
Table 1 Knowledge Management Software in Pharmaceutical Industry Market, By Software
Table 2 Knowledge Management Software in Pharmaceutical Industry Market, By Deployment
Table 3 Knowledge Management Software in Pharmaceutical Industry Market, By End Users
List of Figures
Figure 1 Research Methodology
Figure 2 Knowledge Management Software In Pharmaceutical Industry Market: By Software (%)
Figure 3 Knowledge Management Software In Pharmaceutical Industry Market: By Deployment (%)
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