According to the new market research report“Risk-based Monitoring Software Marketby End User (Pharma & Biopharmaceutical Co., Medical Device Co., CROs), Delivery Mode (Web Hosted, On-premise, Cloud-based), Type (Enterprise, Site), Component (Software, Services) – Global Forecast to 2025“,published by MarketsandMarkets
,the RBM software market is expected to reachUSD 511 millionby 2025 fromUSD 273 millionin 2020, at a CAGR of 13.3%.
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The key factors driving the growth of this market are the cost and time efficiency of RBM solutions, rising number of clinical trials, and increasing government funding and grants to support clinical trials.
By type, the Enterprise RBM Software segment is expected to account for the largest share of theRisk-based Monitoring Software Marketin 2020
Based on type, the market is segmented into Enterprise RBM Software and Site RBM Software. In 2020, the Enterprise RBM Software segment is expected to command the largest share of the market. The large share of this segment can be attributed to the widespread adoption of enterprise RBM software by end-users as it allows all authorized professionals to have access to clinical trial data and metrics placed at a centralized location.
By component, the software segment is expected to account for the largest share of the RBM software market in 2020
Based on the component, the market is segmented into Software and Services. In 2020, the software segment is expected to command the largest share of the market. The large share of this segment can be attributed to the increasing R&D expenditure in the life science and clinical research industries, increasing number of clinical trials, and rising customer base.
Browsein-depth TOC on“Risk-based Monitoring Software Market“
114 – Tables
30 – Figures
137 – Pages
By delivery mode, the delivery mode segment is expected to account for the largest share of the RBM software market in 2020
Based on delivery mode, the market is segmented into Web-based (On-demand), Licensed Enterprise (On-premise), and Cloud-based (SaaS). In 2020, the Web-based (On-demand) segment is expected to command the largest share of the market. The large share of this segment can be attributed to the advantages offered by web-based software, such as easy access, improved productivity, time efficiency, and cost-efficiency.
By end-user, the pharmaceutical and biopharmaceutical companiesend-user segment is expected to account for the largest share of the Risk-based Monitoring Software Market in 2020
Based on end user, the market is segmented into pharmaceutical and biopharmaceutical companies, CROs, medical device companies, and other end users. In 2020, the pharmaceutical and biopharmaceutical companies segment is expected to command the largest share of the RBM software market. The increasing R&D expenditure of pharmaceutical and biopharmaceutical companies is the major factor driving the growth of this end-user segment.
North Americato dominate the market in 2020
North America,Europe,Asia Pacific, and the Rest of the World (RoW) are the regions considered for geographic analysis of the globalRisk-based Monitoring Software Marketstudy.North Americais expected to account for the largest share of the global market. The large share ofNorth Americais attributed to the to the increased adoption of RBM software solutions for clinical trials.
The prominent players in the global RBM software market include Oracle (US), Medidata Solutions (US), and Parexel (US). Other prominent players in the market are Bioclinica (US), Bio-Optronics (US), IBM Corporation (US), DATATRAK (US), Veeva Systems (US), DSG (US), MasterControl (US), ERT (US), Forte Research Systems (US), MedNet Solutions (US), ArisGlobal (US), Anju Software (US), MaxisIT (US), Techsol Corporation (US), OpenClinica (US), CRF Health (US), and Covance (US).
Contact Information:
Mr. Ashish Mehra
MarketsandMarkets
INC.630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Contact Information:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
