cloud computing in pharmaceutical market forecast and opportunities 2026

Cloud computing offers cost savings, scalability of service and new classes of services and applications in the pharmaceutical industry wherein the emergence of value-based care and personalized medicine are creating avenues for further advancements. Cloud computing software such as remote monitoring algorithms are developed specifically to a chronically ill patient’s unique symptoms and detect deterioration prior to 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.

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Market Segmentation

The global cloud computing in pharmaceutical industry market has been segmented on the basis of service type, deployment model, and application.

On the basis of service type, the market has been segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). Among these, Software-as-a-Service (SaaS) is projected to grow at the highest rate during the forecast period–2026, as SaaS allows for a ‘plug-in and play’ solution where companies can use the services they require at any location and on any device.

By deployment type, the market has been segmented into private cloud, public cloud, and hybrid cloud. The hybrid cloud segment is anticipated to grow with the highest CAGR, as it gives companies the option to store core confidential data and applications on a private cloud and leverage the power of the public cloud when necessary.

By application, the cloud computing in pharmaceutical industry market has been segmented into PMS (Production Management System), EMR, Online Sales, and Others. PMS application is anticipated to register the fast growth, as these systems ensure quality and meet FDA, GMP and ISO requirements with fully-integrated processes and e-signatures.

Key Target Audience

Manufacturers
Distributors/Wholesalers
Subcomponent Manufacturers
Industry Association
Downstream Vendors

Key Players

Some of the key players covered in this study on the cloud computing in pharmaceutical industry market include Cisco Systems, HP, IBM, Microsoft, Oracle, SAP AG, Dell, Carestream Health, Google, Yahoo, and Amazon.

Global Cloud Computing in Pharmaceutical Industry Segmentation

By Service Type

Software-as-a-Service (SaaS)
Infrastructure-as-a-Service (IaaS)
Platform-as-a-Service (PaaS)

By Deployment Model

Public cloud
Private cloud
Hybrid cloud

By Application

PMS (Production Management System)
EMR (Electronic Medical Record)
Online Sales
Other

By Region

North America
Europe
Asia Pacific
Middle East and Africa

Why Buy This Report?

In the coming years, the cloud computing in pharmaceutical industry market is projected to experience record growth as regulatory issues are expected to resolve amid settling security fears. In the future, the market is expected to witness the creation and management of a colossal amount of data, and a marketplace that is increasingly intertwined and globalized.

On 23 March, 2016, Huawei, a leading global information and communication provider, and WuXi appTech, a global open-access R&D platform, formed a strategic framework agreement on precision medicine cloud platform to support the China PMI ( China Precision Medicine Initiative ).

Our report covers insights pertaining to the cloud computing in pharmaceutical industry market, with emphasis on recent developments across different regions and development strategies of prominent market participants. The following sections have been specifically covered in the report.

Competitor Analysis
Market Concentration of Top Five Players
Potential Ventures

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