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Global Cloud-Based
Drug Discovery
Platform Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016
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Report
Description
Report Description
Drug discovery platform is a place of research and development where medicines are
identified for various diseases. Currently, the drug discovery platform is witnessing
massive adoption of digital technologies. Cloud-based drug discovery platforms are
gaining traction, as it gives key players the opportunity of storing huge data conveniently
and in a cost-effective manner.
The benefits of cloud-based drug discovery platforms are enormous, and this is one of
the key factors why it is gaining traction among end-users. This platform helps customers
overcome many challenges by leveraging a network of web and mobile-accessible
applications. It provides secure and collaborative project management and the ability to
share project information. Moreover, the cloud-based drug discovery platform is flexible
to offer end-users to customise it according to their projects.
Currently, cloud-based drug discovery platform is witnessing a period of technological
advancement, as innovative features, such as publishing and sharing services are being
offered to users. Cloud-based drug discovery platform is accessible through computers,
notebook, and mobiles, and it is secure and can be maintained by a third party as well.
Owing to all these factors, the cloud-based drug discovery platform market is anticipated
to grow at a significant rate in terms of value.
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Report
Description
Report Description
Cloud-Based Drug Discovery Platform Market Segmentation
On the basis of types of services, the cloud-based drug discovery platform market is
segmented into infrastructure as a Service (IaaS), Platform as a Service (PaaS) and
Software as a Service (SaaS). IaaS offers data-center space, and servers, network
equipment such as software for businesses and routers/switches. PaaS offers full
hardware architecture and software framework. In SaaS process providers allow access to
software through online medium only.
Geographically, global cloud-based drug discovery market is segmented into North
America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan,
Japan, and Middle East & Africa. North America and Western Europe are the leading
players in the cloud-based drug discovery platform market. The growth of the market in
Asia Pacific is anticipated to witness steady growth over the forecast period.
Cloud-Based Drug Discovery Platform Market Dynamics
Data management is a critical issue for the pharmaceutical industry. The pharmaceutical
industry is rapidly restructuring its discovery business model to completely networked
and integrated research and development in order to manage the huge data it generates.
Storing this data on cloud not only offers cost savings, but also improved accessibility.
Graphical representation, a dynamic and quick form of getting results, helps in decisionmaking at a management level. Keeping the needs of consumers in mind, key players in
the cloud-based drug discovery platform are offering flexible, cost-effective, and highly
secure cloud-based storage options to consumers.
Report
Description
Report Description
Cloud-based drug discover platform runs at zero lag time, saving time and giving realtime access to users. This is another reason for the growing adoption of cloud-based drug
discovery platform globally.
Confidentiality and privacy issues continue to impede the growth of the cloud-based drug
discovery platform market. Although many improvements have been made in the recent
past, cyber hacks continue to create apprehension among many pharma players, leading
to stifled adoption.
North America, Japan and Western Europe regions are some of the key players in the
global cloud-based drug discovery platform market. Many pharma companies based in
these regions have already adopted cloud-based drug discovery platform, and it is
anticipated that in the future, more companies will follow suit. The growth of the market
in Asia Pacific excluding Japan (APEJ) is expected to gain momentum during the forecast
period 2016-2026.
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Cloud-Based Drug Discovery Platform Market Key Players:
Some of the key players operating in the cloud-based drug discovery platform market
IBM Corp, Accenture PLC, BioXcel Corporation, Cloud Pharmaceuticals, Inc., WuXi
AppTec (Shanghai) Co., Ltd., Dassault Systemes BIOVIA Ltd.
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