InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market– By Trends, Industry Competition Analysis, Revenue and Forecast Till 2030”
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According to the latest research by InsightAce Analytic, the global cloud-based solutions for drug discovery, development and manufacturing market size valued at US$ XX Million and it is expected to reach US$ XX Million in 2030, recording a promising CAGR of XX% during the period of 2020-2030. By region, North America dominates the market with share of XX% of cloud-based solutions for drug discovery, development and manufacturing market.
Cloud based drug discovery platforms can handle the large amount of data and data can be easily access through computers and mobiles. This platform is the great innovation for pharma and biotech companies as it provides better data security and data management facilities. Covid-19 Pandemic has positively impacted the Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market, as it created the need of vaccine development.
Furthermore, rising adoption of advanced technologies, fast implementation of cloud-based platforms, cost-effective procedures and easy access to real time data, various government initiatives for the development of novel drugs and increase in the awareness programs regarding advance chronic diseases treatments are anticipated to propel the growth of this market. In 2020, Schrödinger has announced a three-year agreement with Google Cloud to substantially increase the speed and capacity of its physics-based computational platform for drug discovery .The strategic partnership is expected to offer Schrödinger’s drug discovery team access to the capacity equivalent of the supercomputers by connecting thousands of Google Cloud GPUs, which are designed to accelerate complex processes such as large-scale physics-based methods and machine learning through parallel computing.
Whereas, factors like high cost of tools, shortage of skilled professionals and complex and time-consuming drug discovery procedures may downscale the growth of the cloud-based solutions for drug discovery, development and manufacturing market over the forecast period 2020-2030.
In terms of region, North America dominated the Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market and will continue this trend over the forecast period 2020-2030, attributed to rising prevalence of chronic diseases, fast adoption of advance medical technologies, easy access to cloud applications or platforms, increasing healthcare expenditures and awareness programs, and entry of new biotech and pharma players in the market. On the other hand, in Europe and Latin America rising prevalence of chronic diseases, increasing partnerships within key players and fast adoption of cloud based drug discovery platforms will help to bloom the market. Asia-Pacific’s market is going to grow faster during the forecast years. This growth is attributable to changing lifestyle, rising government initiatives, and rising use of clinical cloud platforms by drug developing companies.
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Prominent players of cloud-based solutions for drug discovery, development and manufacturing market are Accenture, Alibaba Cloud, Amazon Web Services, Google, IBM, Nutanix, XtalPi, and Other Prominent Players. Prominent players are collaborating with different drug developing and software companies, which will result in better drug discoveries.
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Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 based on Cloud
- Private
- Public
- Hybrid
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 based on Service
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 based on End-Users
- Biotech Vendors
- Contract Research Organizations
- Pharmaceutical Companies
- Other End-Users
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 based on Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America cloud-based solutions for drug discovery, development and manufacturing market revenue (US$ Million) by Country, 2020 to 2030
- U.S.
- Canada
Europe cloud-based solutions for drug discovery, development and manufacturing market revenue (US$ Million) by Country, 2020 to 2030
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific cloud-based solutions for drug discovery, development and manufacturing market revenue (US$ Million) by Country, 2020 to 2030
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America cloud-based solutions for drug discovery, development and manufacturing market revenue (US$ Million) by Country, 2020 to 2030
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa cloud-based solutions for drug discovery, development and manufacturing market revenue (US$ Million) by Country, 2020 to 2030
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for global cloud-based solutions for drug discovery, development and manufacturing market
- To receive industry overview and future trends of cloud-based solutions for drug discovery, development and manufacturing market
- To analyse the cloud-based solutions for drug discovery, development and manufacturing market drivers and challenges
- To get information on cloud-based solutions for drug discovery, development and manufacturing market size value (US$ Mn) forecast till 2030
- Major Investments, Mergers & Acquisition cloud-based solutions for drug discovery, development and manufacturing market industry
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