openPR Logo
Press release

Life Science Analytics Software Market To See Record Break Value of $16.04 Billion By 2027 | Certara, L.P., Clarivate Analytics Plc

03-05-2021 12:23 PM CET | Health & Medicine

Press release from: Allied Market Research

Life Science Analytics Software Market

Life Science Analytics Software Market

Increase in adoption of analytics solutions in clinical trials and sales & marketing applications, and surge in occurrence of chronic disease drive the global life science analytics software market

Download Detailed COVID-19 Impact Sample Report at @ https://www.alliedmarketresearch.com/request-for-customization/6574?reqfor=covid

The global life science analytics software market garnered $5.35 billion in 2019, and is estimated to reach $16.04 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027.

Covid-19 Scenario:

• The demand for life science analytics software has been increased in pharmaceutical and biotechnology companies for the diagnosis and research of vaccine on COVID 19 in the global lockdown.
• Research & development activities, on the other hand, in life science analytics software has been increased during the global lockdown, owing to fulfill the demand in health care services.

Drivers, restraints, and opportunities

Rise in occurrence of chronic disease,focus to reduce healthcare expenditure,and increased demand for improved patient outcomes drive the global life science analytics software market. However, deficiency of skilled professionals in developing countries restrains the market growth. On the other hand, occurrence of big data analytics to increase R&D productivity creates new opportunities in the coming years.

Download Free Report Sample @ https://www.alliedmarketresearch.com/request-sample/6574

The descriptive analytics segment to maintain its lead status in terms of revenue throughout the forecast period

Based on product, the descriptive analytics segment accounted for more than two-fifths of the global life science analytics software market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due tothe significant use of descriptive analytics by life science stakeholders to gain a better understanding of past trends and events occurring in real-time.However, the predictive analytics segment is estimated to portray the highest CAGR of 15.6% from 2020 to 2027, owing to enhance the accuracy of diagnosis & treatment along with epidemiology to review possible risk factors for public health.

The research and development segment to maintain its leadership position during the forecast period

Based on application, the research and development segment has contributed to the highest market share with nearly three-fifths of the global life science analytics software market share in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed torise in research and development (R&D) activities for personalized medicine. However, the sales and marketing support segment is estimated to generate the fastest CAGR of 17.5% from 2020 to 2027. This is due torise in adoption of analytics by life science companies to align their sales & marketing campaigns.

North America to maintain its dominant during the forecast period

Based on region, North America, accounted for the highest share based on revenue, holding for nearly halfof the global life science analytics software market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed to high adoption rate of advanced technologies due to a large number of investments to boost the life science industry. However, Asia-Pacific is estimated to portray the fastest CAGR of 16.7% from 2020 to 2027, owing torise in adoption of advanced technologies in life science industry.

To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/life-science-analytics-software-market-A06209

The Major Key Players Are:

Accenture Plc, ArisGlobal LLC, Chemical Abstracts Services(ACS), Certara, L.P., Clarivate Analytics Plc, Cognizant Technology Solutions Corporation, Dassault Systemes, Deloitte ToucheTohmatsu Limited, IQVIA Holdings Inc., Microsoft Corporation, Oracle Corporation, TIBCO Software Inc.,andVeeva Systems Inc.

Similar Reports:

Catheters Market : https://www.pharmiweb.com/press-release/2020-09-10/catheters-market-share-to-growing-at-cagr-of-80-by-2025-amr

Stroke Management Market : https://www.pharmiweb.com/press-release/2020-09-10/stroke-management-market-to-see-record-break-revenue-3675-billion-by-2023

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Life Science Analytics Software Market To See Record Break Value of $16.04 Billion By 2027 | Certara, L.P., Clarivate Analytics Plc here

News-ID: 2252801 • Views:

More Releases from Allied Market Research

Graphene Electronics Market With in-detailed Competitor Analysis, Forecast to 2032
Graphene Electronics Market With in-detailed Competitor Analysis, Forecast to 20 …
Allied Market Research published an exclusive report, titled, "Graphene Electronics Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2031". The global graphene electronics market was valued at $270.8 million in 2021, and is projected to reach $5.2 billion by 2031, growing at a CAGR of 34.2% from 2022 to 2031 Download Research Report Sample & TOC : https://www.alliedmarketresearch.com/request-sample/142 The graphene
Lithium-Ion Battery Energy Storage System Market Size is projected to reach $17.1 billion by 2031 | Jakson Group, LG Electronics
Lithium-Ion Battery Energy Storage System Market Size is projected to reach $17. …
Allied Market Research published an exclusive report, titled, "Lithium-Ion Battery Energy Storage System Market Size, Share, Competitive Landscape and Trend Analysis Report by Connection Type, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031". The global lithium-ion battery energy storage system market was valued at $4.5 billion in 2021, and is projected to reach $17.1 billion by 2031, growing at a CAGR of 15% from 2022 to 2031. Download Research Report
Smart Railway Market Poised for Remarkable Growth, Reaching $38,469.7 million by 2027
Smart Railway Market Poised for Remarkable Growth, Reaching $38,469.7 million by …
𝐒𝐦𝐚𝐫𝐭 𝐑𝐚𝐢𝐥𝐰𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 by System (Passenger Information System, Rail & Freight Operations Management System, Smart Safety & Security Monitoring System, Rail communication & Networking System, Smart Ticketing System, Rail Analytics System, and Others) and Offering Type (Solutions, Components & Devices, and Services): Global Opportunity Analysis and Industry Forecast, 2020-2027" According to the report published by Allied Market Research, The global smart railway market size was valued at $18,304.8 million in
Odor Sensor Market Size is projected to reach $19.4 billion by 2031 | eNose Company, Odotech
Odor Sensor Market Size is projected to reach $19.4 billion by 2031 | eNose Comp …
Allied Market Research published an exclusive report, titled, "Odor Sensor Market Size, Share, Competitive Landscape and Trend Analysis Report by Sensor Type, by Instrument Type, by Application Areas, by End Use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2031". The global odor sensor market size was valued at $1.5 billion in 2021, and is projected to reach $19.4 billion by 2031, growing at a CAGR of 29.4% from 2022 to

All 5 Releases


More Releases for Analytics

Security Analytics Market Report 2018: Segmentation by Application (Network Secu …
Global Security Analytics market research report provides company profile for Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic (Click Security) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of
Life Science Analytics Market 2025 Future Forecast by Product Overview - Predict …
The growth of the life science analytics market can be attributed to the increasing prevalence of chronic diseases and growing need for improved data standardization. Moreover, use of analytics in precision & personalized medicine, and increasing focus on improving patient outcomes also likely to add new opportunities for the global life science analytics market over the forecast period. Life Science Analytics Market to 2025 - Global Analysis and Forecasts by Type
Predictive Analytics Market Report 2018: Segmentation by Type (Services, Solutio …
Global Predictive Analytics market research report provides company profile for Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Predictive Analytics Market (Services, Solutions (Financial Analytics, Risk Anal …
Global Predictive Analytics Market Report 2023,” industry verticals, the Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to have the largest market share during the forecast period. Organizations operating in the BFSI industry vertical are using predictive analytics for effective and efficient management of various processes. Further, the major reason for the rising adoption of predictive analytics can be attributed to the need for minimizing the risks and
Prescriptive and Predictive Analytics Market By Type (Collection Analytics, Mark …
ResearchMoz presents this most up-to-date research on "Prescriptive and Predictive Analytics Market By Type (Collection Analytics, Marketing Analytics, Supply-Chain Analytics, Behavioral Analytics & Talent Analytics): Global Size, Status and Forecast, 2022". This report studies the global Prescriptive and Predictive Analytics market, analyzes and researches the Prescriptive and Predictive Analytics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market. • To provide insights about factors affecting the market growth. • To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc. • To provide historical and forecast revenue of the