• +1 513 549 5911 (U.S.)
  • +44 203 318 2846 (U.K.)

30 mins free consultation for each report        Upto 50% Discounts for Highest selling reports

Cloud Computing in Pharmaceutical Industry

Cloud Computing in Pharmaceutical Industry: By Type; By Deployment type (Public cloud, Private cloud, Hybrid cloud); By Application (PMS, EMR, Online Sales, Other); Key Stakeholders; By Region

  • Published Date : 25 Jun 2018
  • Reports Monitor
  • Category : ICT Media
  • Pages : N/A

The global pharmaceutical industry is changing in promising and challenging ways. Advancement in research and development (R&D) and innovation in process development will be essential in shaping the pharmaceutical sector. Cloud computing can facilitate faster innovation for addressing the challenges in the pharmaceutical industry. Basically, cloud computing is the hosting of data and applications on virtual or internet-based servers. When offered by a third party vendor, typically within the vendor’s own data centers, they are referred to as cloud managed services and can include data aggregation and migration, security, backup and disaster recovery, and even analytics. Cloud software solutions help in the pharmaceutical industry in several ways. Benefits such as improving the quality of data to support sales or providing practical ways for clinical trial site managers to communicate across wide geography expects to grow market after implementing Cloud computing.

Cloud computing in research and development (R&D), in clinical trials, and personalized medicine are the major growth drivers for cloud computing in pharmaceutical industry. Research and development are a complex area due to big data, industry regulations, and security requirements. R&D requires the recording, storage, processing, and analysis of massive amounts of clinical data. To cope with this major application platform, technology in the cloud can help R&D by unifying fragmented processes and siloed data. Further, data security can be achieved with a hybrid of cloud and on-premises implementations. Certain cloud platforms have additional security and compliance measures that can instill complete confidence in the transformed development process. Clinical trials enabled by the cloud is driving the growth of the market in recent years. Implementing a cloud solution in the clinical trial stage of development helps to improve the quality and increase the consistency of data in clinical trials. Cloud technology also improves communication across geographic regions and reduces time-to-market, remaining transparent and compliant throughout. 

Furthermore, cloud computing helps sales force by providing accurate and up to date information about stocks of the product, physicians contact details, social media networks they favor, and whether their practices are accepted, and very importantly, helps in avoiding duplication. Along with this, other benefits cloud computing offers in the pharmaceutical industry are cost savings, scalability of service, and new classes of services and applications. Also, the emergence of value-based care and personalized medicine are advancing the pharmaceutical industry. Cloud computing software, such as remote monitoring algorithms, developed specifically to a chronically ill patient’s unique symptoms and that detect deterioration in advance of an acute event. However, a concern with cloud computing in pharmaceutical industry is the security of sensitive information as pharmaceutical companies hold vast amounts of sensitive data, including intellectual property and patient information.

Recent Developments:
April 13, 2017- Merck, American pharmaceutical company, launched the Alexa Diabetes Challenge software application that uses Amazon’s Alexa technology to help patients with a recent diagnosis of Type 2 diabetes. 
March 23, 2016- The strategic framework agreement between Huawei, leading global information and communication provider, and WuXi appTech, the global open-access R&D platform on precision medicine cloud platform, to support the China Precision Medicine Initiative (China PMI). 

Regional Analysis
North America is a very prominent region for cloud computing in the pharmaceutical market due to advancement and innovation pharmaceutical industry. Increased adoption of information technology in the pharmaceutical industry is a key driver for the North American market. U.S. government’s push for including IT in pharmaceutical and high healthcare expenditure is also boosting the growth of the market in this region. In addition, there is a significant opportunity for the market due to increase in the population that consumes three times more drugs than younger consumers, expansion into developing regions, and an overall increase in human lifespans. Major companies are adopting cloud computing in the organization such as Merck and Pfizer. Pfizer, for instance, has selected Oracle Health Sciences InForm Cloud Service and Siebel Clinical Trial Management System Cloud Service to help simplify how it manages both operational and study data, for in-house as well as outsourced trials. 

Europe is one of the most promising regions for cloud computing in the pharmaceutical market. Adoption of Cloud computing software in many pharmaceutical companies is growing rapidly. As an example, GSK deploys all email and collaboration technology in the Microsoft cloud. Factors such as reducing costs, going green, flexibility and scalability are driving the growth of the market in the European region. Moreover, regulators in the European market are increasing their compliance requirement around data privacy and security to ensure that pharmaceutical companies are managing their data properly.
Asia Pacific market is growing very rapidly. Rising chronic disease rates, technological advances, and product innovation are driving the growth of the market in this region. Pharmaceutical industry development and demographic shift in the emerging countries such as India and China are providing significant opportunities for the market. Internet penetration rates, government investment policies, demand for quality treatment, and rising adoption of new technologies like cloud computing, big data, and artificial intelligence (AI) are boosting the growth in the Asia Pacific region. 

On the basis of Service Type
 Software-as-a-service (SaaS) 
 Infrastructure-as-a-service (IaaS) 
 Platform-as-a-service (PaaS)

On the basis of Deployment model
 Public cloud 
 Private cloud
 Hybrid cloud

On the basis of Application,
 PMS (Production Management System) 
 EMR 
 Online Sales 
 Other

Key Stakeholders 
 Pharmaceutical Manufacturers 
 Pharmaceutical Distributors/Traders/Wholesalers 
 Cloud Computing in Pharmaceutical Subcomponent Manufacturers 
 Industry Association 
 Downstream Vendors

On the basis of Region 
 North America 
 Europe 
 Asia Pacific
 Middle East and Africa

Key players

 Cisco Systems 
 HP 
 IBM 
 Microsoft 
 Oracle 
 SAP AG 
 Dell 
 Carestream Health 
 Google 
 Yahoo 
 Amazon 


									

	

Related Reports

Helpdesk-Automation-Market

Global Helpdesk Automation Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application

Summary In business enterprises, helpdesk technology assists IT users in solving problems. In small and medium-sized companies, a helpdesk is usually handled by a single person with a contact number. ...read more

Help-Desk-Outsourcing-Market

Global Help Desk Outsourcing Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application

Summary Helpdesk outsourcing refers to the process of engaging an external resource or service provider to provide technical support to employees and manage the same. It has gained in popularity over ...read more

Helicopter-Tourism-Market

Global Helicopter Tourism Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application

Summary Since the last decade, the introduction of new tourist destinations has fueled a revolution in the global tourism industry. With the increase in the number of the tourism service providers, t ...read more

GPS-Bike-Computers-Market

Global GPS Bike Computers Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application

Summary A GPS bike computer is a navigation device that can be mounted on the handlebars of a bicycle. This cycling computer receives satellite signals through GPS and helps users to monitor their ri ...read more

Government-Cyber-Security-Market

Global Government Cyber Security Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application

Summary Cyber threats are Internet-based attempts to disrupt or damage information systems and hack critical information using spyware, malware, and phishing. Cyber security solutions enable the US g ...read more

Choose License Type

Single User - This is a single user license, allowing one specific user access to the product.

Multi User - This is a 1-5 user licence, allowing up to five users have access to the product.

Enterprise User - This is an enterprise license, allowing all employees within your organisation access to the product. The report will be emailed to you.

Cards For Payment
Trusted Badge SSL Certified Premium Quality

Why Choose Us

  • Lowest Price Guarantee
  • We offer the lowest prices for the listed reports
  • Data Security
  • Your data is safe and secure
  • Vast Report Database
  • We have more than 2 Million reports in our database
  • Client Focused
  • Personalized updates and 24*7 support
  • Trusted Source and Quality
  • We only work with reputable partners providing high quality research and support
  • Market Segmentation
  • We provide alternative views of the market to help you identify where the real opportunities lie
  • Bulk Discounts
  • We offer great discounts on purchase of multiple reports

How To Reach Us

Reach out to our most senior Sales Professional- Jay Matthews
   +1 513 549 5911 (US)
          +44 203 318 2846 (UK)
   sales@reportsmonitor.com

Our Clients

Intel Samsung 3M BCG LEK Consulting McKinsey Thyssenkrupp Mogensen BASF IQVIA Hella Oracle Accenture Saint Gobain

Testimonials

Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed.
-VP of a Automotive division in Germany

The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements
-Product Manager at US based Manufacturer

Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process
--Marketing Manager at a pharma company in Belgium

Enquire Before Buying

Need to ask a quick question before buying? Please fill out this short form:

Our Features

Wide Network of Publishers

Wide Network of Publishers

Access to over 1M+ market research reports

Trusted by the Best

Trusted by the Best

50+ Clients in Fortune 500

Competitive Pricing

Competitive Pricing

Our regular promotional offers and discounts make us the most economic seller of market reports

Safe and Secure

Safe and Secure

Your payment details are protected by us.