About Pharma Knowledge Management Software
Knowledge management is a process by which companies can identify, store, exchange, and reuse their own data of business knowledge and about experience of employees and external information. The pharma knowledge management software are used to implement, analyse, and forecast the gathered information. Thus, the pharma knowledge management software is gaining more attention owing to its features and capabilities. It has unique features to identify, capture, evaluate, retrieve, and share the information. This software is responsible for the integration of external and internal scientific data for decision making in drug development, drug discovery and clinical research data. This knowledge management software’s provides integrated stored information of scientists and researchers to the company. Many of pharmaceutical firms are using a wide range of technologies and processes to keep and transfer knowledge from their R&D and manufacturing professionals. This knowledge management software’s includes document management systems, networked systems that impacts on the sharing of ideas, experience, and knowledge among pharmaceutical industry. The pharmaceutical industry has a unique set of industry characteristics which provides an ideal opportunity for knowledge investment. The industry's dependence on human and intellectual capital, huge market adherence due to blockbuster drugs, patent protection facilities and security, high level of competition, highly geographical distribution providing a great potential to the pharmaceutical industry with high marginal benefit from knowledge management investment.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are operating in this industry and heavily conducting research on the characteristics of pharmaceutical Knowledge management software and how to reduce challenges such as data leakage and concern regarding cybersecurity. There are various market players are entering in this industry to capture market growth opportunities. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that North America Players will contribute the maximum growth to Global Pharma Knowledge Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
eXo Platform (United States), SpadeWorx Software Services, Inc. (United States), Avenga(Malaysia), Callidus Software Inc. (United States), Theum AG (Germany), SAP SE (Germany), SuiteRx (United States), Nuance Communications, Inc. (United States), Oracle Inc. (United States) and Altair Engineering, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are MangoApps Inc. (United States) and Lucidea (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Pharma Knowledge Management Software market by , Application (Forensic science, Medical biotechnology, Environmental and Agricultural Biotechnology, Clinical Data Management (CDM), CPOE Data Storage and EHRs Data Storage) and Region.
On the basis of geography, the market of Pharma Knowledge Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operating System, the sub-segment i.e. Andriod will boost the Pharma Knowledge Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancement and introduction of Apple macOS for knowledge management of clinical research data
Market Growth Drivers:
Rising inclination of pharma industry towards storage of post clinical data for drug developments and clinical research, The increasing interest in the software industry by pharmaceutical manufacturers expected to boost the market growth and Raised demand from pharmaceutical companies for pharma knowledge management tools to derive information from social networks
Challenges:
Growing concern regarding cybersecurity and data leakage
Restraints:
Lack of skilled and trained workforce
Opportunities:
Advanced and modern networking and software capabilities for CPOE & EHRs Data Storage
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Knowledge Management Software Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.