Software as a Service (SaaS) Preferred Model for Biotech and Pharmaceutical Companies in Clinical Trial Data Management Software Market - TMR

- Pressing Need for Accelerating Process of Corona-fighting Drug Development to Marketing Bolsters Adoption of Clinical Trial Data Management Software

- Electronic Data Capture (EDC) Tools Gain Increased Attention for third-party End Users

News provided by

Transparency Market Research

May 19, 2020, 08:30 ET

ALBANY, New York, May 19, 2020 /PRNewswire/ -- The need for high-quality data capture and reliable data capture from clinical trials drives the deployment of various data management software for automating various dimensions of data management. Third-party end users including contract research organization are expected to drive the generation of future revenues in the clinical trial data management software market. The global clinical trial data management software market is anticipated to reach a worth of ~US$ 7 bn by 2030. Vis-à-vis revenue, the market is anticipated to garner at a CAGR of ~8% from 2020 to 2030.

The recent COVID-19 pandemic has expanded the avenue for players to gain information from data capture systems, note analysts at TMR. They further stress that companies in the clinical trial data management software market should be actively focus on developing EDC tools to perform advanced calculations without any prior experience.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=77267

Key Takeaways in Clinical Trial Data Management Software Market Study

Of all the types of components, software is gathering large traction
Of the various types of software, Software as a Service (SaaS) is gathering traction; awareness about the benefits drive popularity
Among the various end users, pharmaceutical and biotechnology companies to contribute the major share of revenues in global market
Third party end users and contract research organizations (CROs) to contribute revenues at impressive pace during the forecast period
Of all the regions, North America topped the chart, vis-à-vis revenue, in 2019; vast uptake of cloud-based clinical data management platforms defining the growth rate
Asia Pacific clinical trial data management software market to expand at promising pace during 2020 – 2030
Middle East & Africa and South America markets to show moderate growth

Explore 178 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Clinical Trial Data Management Software Market (Component: Software [On-premises/Enterprise and On Demand Software as a Service {SaaS}] and Services [Professional and Managed]; End User: Pharmaceutical & Biotech Companies, Medical Device Companies, and Third Party/Contract Research Organizations) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/clinical-trial-data-management-software-market.html

Clinical Trial Data Management Software Market: Key Driving Factors and Promising Avenues

Various trends in the worldwide healthcare industry has driven the need for high quality data management system for clinical trials. This has been fueling the need for versatile systems for meeting the specific needs of clinical trials. Clinical trials have gained remarkable pace on the backdrop of the huge burden viral diseases exert on public health systems worldwide. Some of the recent trends shaping the drivers of the clinical trial data management market are:

Recently, the unprecedented impact of SARS-CoV on the economy of more than two dozen of countries has intensified the need for accelerating data capture from clinical trials. This is boosting the clinical trial data management market.
The need for information technology platforms that can facilitate personalized patient engagement is shaping product development in the clinical trial data management software market
In recent years, pharmaceutical and biotech companies have increasingly realized SaaS-inspired clinical trial data management software, thus bolstering its demand

Request COVID19 Impact on Clinical Trial Data Management Software Market at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77267

Clinical Trial Data Management Software Market: Regional Outlook

Of the various regions, Asia Pacific is expected to expand at striking pace during 2020 – 2030. Factors fueling the prospects of the regional market are rise in clinical trials for viral diseases. The healthcare systems in the region has shown considerable interest in clinical data management systems to automate the processes.

North America has been at center of innovations in recent years, led by the U.S.

Analyze Clinical Trial Data Management Software Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Key Impediments to Clinical Trial Data Management Software Market Players

The drive for next-gen interfaces in CDMS solutions has kept the clinical trial data management market increasingly competitive through the forecast period. Top players are aiming to versatile data capture tools by making them scalable toward the varied needs of pharmaceutical and biotech companies. Most players in coming years are expected to lay increased focus on EDC platforms.

Some of the well-entrenched players in the clinical trial data management market are Bioclinica, Veeva Systems Inc., Parexel, Medidata Solutions, and Bio-Optronics.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/77267

Clinical Trial Data Management Software Market: Segmentation

Clinical Trial Data Management Software Market, by Component

Software

On-premises/Enterprise
On Demand Software as a Service (SaaS)

Services

Professional
Managed

Clinical Trial Data Management Software Market, by End User

Pharmaceutical & Biotech Companies
Medical Device Companies
Third Party/Contract Research Organizations

Clinical Trial Data Management Software Market, by Region

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Spain
Italy
Rest of Europe

Asia Pacific

China
India
Japan
ASEAN
Rest of Asia Pacific

Middle East & Africa

Saudi Arabia
Kuwait
The United Arab Emirates
Qatar
Bahrain
Oman
South Africa
Rest of Middle East & Africa

South America

Brazil
Argentina
Rest of South America

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Internet of Things (IoT) in Healthcare Market – A report by Transparency Market Research (TMR), forecasts the global IoT in healthcare market to be evaluated at US$ 102.8 Bn in 2019. Expanding at a pace of 20.9% CAGR for the 2019-2027 forecast period, the market is estimated to be worth US$ 469.4 Bn by the end of 2027.

Physical Security Services Market – The global physical security services market is expected to be influenced by the swelling implementation of automobile tracking and other smart technologies and internet of things (IoT). However, a major chuck of the demand for physical security services could be driven by increasing terror attacks on humans as well as physical properties.

Cloud Managed Service Market – The worldwide market for cloud managed services is anticipated to present an opportunity worth US$54.6 bn by 2017. The market is further expected to rise at an impressive CAGR of 9.60% between 2017 and 2022 and reach US$86.4 bn by the end of 2022. The continued increase in the demand for cloud-based mobility services is expected to boost this market noticeably over the forthcoming years.

Integration Platform as a Service (iPaaS) Market – According to the recently developed market study, the global IPaaS market is anticipated to be worth over US$ 1.2 billion by 2022-end. Over the next five years, the global IPaaS market is pegged to expand at a robust CAGR. The report has highlighted several factors that are expected to influence the dynamics of global IPaaS market during the forecast period.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Blog: https://tmrblog.com/