The study reveals that pharma knowledge management software is trending in North America region. This software has huge demand in the pharmaceutical companies as it helps to the drug researchers to collect the information from anywhere in an automated way. Few years ago, U.S. Food and Drug Administration has announced its research and innovation to modernize the agency's regulation of pharmaceutical manufacturing and product quality and the documentation that supports drug research and manufacturing efforts.
In North America region, the pharma knowledge management software demand is growing due to increasing in population that consumes three times more drugs than younger consumers, expansion into developing regions, and an overall increase in human lifespans. With this software, there is a hike in annual sales of the pharmaceutical industry. This change is due to the technology and guidance required to achieve good knowledge management in a biopharmaceutical industry. The pharma knowledge management software are based on the cloud computing model which collects and stores data on the servers. These data can be accessed anytime over internet. It is a process of capturing, sharing, developing the data using knowledge in the organization.
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Major Key Players:
• Oracle Inc. (U.S.)
• SAP SE (Germany)
• SuiteRx (U.S)
• eXo Platform (U.S.)
• MangoApps Inc. (U.S.)
• Callidus Software Inc. (U.S.)
• Lucidea (Canada)
• Nuance Communications, Inc.(U.S)
• Theum AG (Germany)
• Altair Engineering, Inc. (U.S.)
The global Pharma Knowledge Management Software Market is growing rapidly over 17% of CAGR and is expected to reach at USD 2 Billion by the end of forecast period.
The regional analysis of pharma knowledge management software market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in pharma knowledge management software market, as the region there is a huge demand of multi-disciplined processes to achieve the organizational goal.
The pharma knowledge management software market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for pharma knowledge management software market and expected to be the highest CAGR in the coming years.
The global pharma knowledge management software market has been segmented on the basis of software, deployment type,end- users and region.
Pharma Knowledge Management Software Market by Software:
Pharma Knowledge Management Software Market by Deployment Type:
• On Premises
Pharma Knowledge Management Software Market by End- Users:
• Medical Biotechnology
• Animal Biotechnology
• Agricultural Biotechnology
• Environmental Biotechnology
• Forensic Biotechnology
Pharma Knowledge Management Software Market by Regions:
• North America
• Rest of the World
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• Pharma knowledge management software companies
• Software Providers
• Original equipment manufacturers
• Pharma knowledge management software providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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