ICT Investment Trends in Pharmaceuticals - Enterprise ICT Spending Patterns Through to the End of 2015

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Jan 22, 2015, 05:30 ET

MUMBAI, January 22, 2015 /PRNewswire/ --

This report presents the findings from a survey of 113 pharmaceutical companies regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how pharmaceutical companies currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

Key Findings

Survey of 113 pharmaceutical companies highlights that X% of respondents anticipate an increase in their ICT budgets in 2014, which is an increase of X% compared to 2013.
Pharmaceutical companies are planning to invest X% of their external ICT budgets in hardware, software, and IT services in 2014, which is more than the combined allocation in 2013 (X%).
Pharmaceutical companies are allocating the highest proportion of their software budgets to application lifecycle management (X%) followed by enterprise applications (X%) and information management (X%) in 2013.

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Synopsis

The report illustrates the core technologies enterprises are investing in, including business intelligence, content management, and cloud computing. The survey also highlights the approach adopted by the pharmaceutical companies to purchase technology. The report aims to provide better insight to ICT vendors and services providers when pitching their solutions to pharmaceutical companies.

In particular, it provides an in-depth analysis of the following:

Understand how ICT budgets are set to change in 2014 in terms of their overall size.
Appreciate how IT budgets are allocated across the core elements of IT spend, including hardware, software, services, communications, and consulting.
Learn how IT money is being spent in areas such as the data centre, applications, IT management and the network.
Gain an understanding regarding which ICT functions pharmaceutical companies are interested in outsourcing.
Identify pharmaceutical companies' investment priorities based on their budget allocations across core technology categories such as business intelligence, content management and cloud computing.
Learn about the drivers that are influencing pharmaceutical companies' investments in each technology category.
Establish how pharmaceutical companies IT budgets are currently allocated across various segments within a technology category.
Gain insight into how pharmaceutical companies plan to change their ICT budget allocations across various segments within a technology category.
Understand the vendor mindshare for various core and advanced technology categories.
Provides insight into pharmaceutical companies' preferred buying approaches.
Comprehend the business and IT objectives that pharmaceutical companies are looking to achieve through their IT investment strategies.
Understand the factors that are influencing pharmaceutical companies' decision to select an ICT provider.

Table of Contents

Trends in ICT budgets
Introduction
Survey demographics
ICT budget changes
ICT budget allocation by core technology area
Hardware budget breakdown
Software budget breakdowns
Third party IT services expenditure
Telecommunications budget
ICT budget allocation by function
Outsourced IT functions
ICT investment priorities and vendor mindshare
Introduction
Business intelligence
Content management
Cloud computing
ICT procurement trends
Introduction
Business objectives influencing IT investment strategy
IT objectives influencing IT investment strategy
ICT provider selection
Sector-specific trends
Introduction
IT spending plans for specific business areas
Business areas receiving the largest investments
Business challenges
Summary
Pharmaceuticals are increasingly focusing on IT to remain competitive in the market
Appendix
Definitions
Further reading
Contact the authors

Companies Covered

Microsoft
IBM
Oracle
SAP
SAS
Microstrategy
Tibco Spotfire
Information Builders
Google
HP
EMC
Open Text
BT
Verizon
Orange
ATandT
Amazon web services
Rackspace
Salesforce.com
Deutsche Telekom/T-Systems

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