Cloud-based Drug Discovery Platforms Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


Transparency Market Research

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Global Cloud-based Drug Discovery Platforms Market: Overview 

Drug discovery platform basically is a research and development facility, physical or virtual, where medicines are discovered and formulated for different diseases. Over the years, with gigantic leaps in technology, the drug discovery platforms too have undergone sea change. The most recent trend is the uptake of digital technologies. An example in that direction is the cloud-based drug discovery platforms that offer manufacturers the opportunity to store substantial data cost effectively. This convenience has ensured that the budding global cloud-based drug discovery platforms market is on a sustained growth high growth trajectory.

The various kinds of services in the global cloud-based drug discovery platforms market can be classified into Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS). PaaS provides full hardware architecture and software framework; IaaS provides servers, data-center space, and network equipment such as software for businesses and switches and routers; and SaaS gives access to software only through online medium.

Global Cloud-based Drug Discovery Platforms Market: Key Trends 

The global cloud-based drug discovery platforms market is gaining traction because of the massive benefits it offers to end users. It enables customers to carry out their tasks smoothly by deploying a variety of mobile and web-accessible applications. It also serves to bring about collaborative and secure project management and sharing of information seamlessly. Further, the cloud-based drug discovery platform is scalable and can provide tailor-made solutions for projects.

The global could-based drug discovery platforms market is being boosted by the continued progress in technology too. It is helping to add innovative features to users. The cloud-based drug discovery platforms are accessible via notebook, computers, and mobiles. It is secure and can be maintained by a third party as well.

The global cloud-based drug discovery platform market is mainly being driven owing to the demand generated by end use segments of biotech vendors, pharmaceutical vendors, contract research organizations, and others. Among them, the pharmaceutical vendors generate most of the demand in the market at present. Contract research organizations are also an attractive end use segment.

Global Cloud-based Drug Discovery Platforms Market: Regional Outlook 

Geographically, the global cloud-based drug discovery platforms market is spread across Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Western Europe and North America are prominent regions among them. Several pharma companies in the region have already leveraged cloud-based drug discovery platform, and in future more companies are expected to follow suit. Meanwhile, the cloud-based drug discovery platforms market in Asia Pacific is set to gain momentum in the near future. For example, the life sciences companies in the APAC region are embracing clinical cloud platforms to create more evolved technologies having enhanced operational efficiency and productivity.

Global Cloud-based Drug Discovery Platforms Market: Competitive Dynamics 

Prominent participants in the global cloud-based drug discovery platforms market that have been profiled in the report include IBM Corporation, Tata Consultancy Services Limited, Accenture PLC, BioXcel Corporation, SAS Institute Inc., and Cloud Pharmaceuticals Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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