The Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Size is valued at 6.72 billion in 2023 and is predicted to reach 17.32 Million by the year 2031 at a 12.62% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
Cloud-based drug discovery solutions are mainly used in pharmaceutical and biotechnology companies to make drug discovery and development processes fast and cost-effective. Cloud-based drug discovery platforms have the ability to handle and store large amounts of data, and you can access the data through computers, laptops, and mobiles. It also provides high data security. Different software technologies like machine learning and artificial intelligence are making complex drug development processes easy. Recently, the Covid-19 outbreak has significantly impacted the Cloud-based Solutions for Drug Discovery, Development, and Manufacturing Market as most of the pharmaceutical players have started collaborating with drug developing industries to make vaccines for coronavirus.
There are multiple factors that drive the cloud-based solutions for drug discovery, development, and manufacturing market, such as rising adoption of advanced technologies, manual error reductions in drug development processes due to use of cloud-based applications, 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. Moreover, the rising demand for pharmaceutical drugs from various medical industries is anticipated to propel the growth of this market during the forecast period. Whereas, factors like the 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 2019-2031.
The Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market, is segmented into Cloud, Service, End-users, and region. The Cloud segment comprises Private, Public, and Hybrid. In terms of Service, the market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). By End-users, the market is divided into Biotech Vendors, Contract Research Organizations, Pharmaceutical Companies, and Other End-Users. Pharmaceutical Companies will be the leading end-user segment of this market in the coming future, as well as Contract Research Organizations segment is also expected to dominate this market. At the regional level, the cloud-based solutions for drug discovery, development, and manufacturing market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to be the significant market shareholder of this market over the forecast period, followed by Europe, Latin America, Asia-Pacific, and Rest-of-the-World.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 6.72 billion |
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Revenue Forecast In 2031 |
USD 17.32 billion |
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Growth Rate CAGR |
CAGR of 12.62% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Cloud, By Service, By End-Users |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Accenture, Alibaba Cloud, Amazon Web Services, Google, IBM, Nutanix, XtalPi, and Others |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Snapshot
Chapter 4. Global Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Industry Analysis – Porter’s Five Forces Analysis
4.6. Competitive Landscape & Market Share Analysis
4.7. Major Investment, Partnerships and Collaborations in Healthcare-IT Research
Chapter 5. Market Segmentation 1: By Cloud, Estimates & Trend Analysis
5.1. By Cloud, & Market Share, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Cloud:
5.2.1. Private
5.2.2. Public
5.2.3. Hybrid
Chapter 6. Market Segmentation 2: By Service Estimates & Trend Analysis
6.1. By Service & Market Share, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Service:
6.2.1. Infrastructure as a Service (IaaS)
6.2.2. Platform as a Service (PaaS)
6.2.3. Software as a Service (SaaS)
Chapter 7. Market Segmentation 3: By End-Users Estimates & Trend Analysis
7.1. By End-Users & Market Share, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By End-Users:
7.2.1. Biotech Vendors
7.2.2. Contract Research Organizations
7.2.3. Pharmaceutical Companies
7.2.4. Other End-Users
Chapter 8. Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Segmentation 3: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) estimates and forecasts By Cloud, 2024-2031
8.1.2. North America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) estimates and forecasts By Service, 2024-2031
8.1.3. North America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) estimates and forecasts By End-Users, 2024-2031
8.1.4. North America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) estimates and forecasts by country, 2024-2031
8.2. Europe
8.2.1. Europe Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Cloud, 2024-2031
8.2.2. Europe Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Service, 2024-2031
8.2.3. Europe Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By End-Users, 2024-2031
8.2.4. Europe Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) by country, 2024-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Cloud, 22024-2031
8.3.2. Asia Pacific Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Service, 2024-2031
8.3.3. Asia Pacific Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By End-Users, 2024-2031
8.3.4. Asia Pacific Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) by country, 2024-2031
8.4. Latin America
8.4.1. Latin America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Cloud, 2024-2031
8.4.2. Latin America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Service, 2024-2031
8.4.3. Latin America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By End-Users, 2024-2031
8.4.4. Latin America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) by country, 2024-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Cloud, 2024-2031
8.5.2. Middle East & Africa Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By Service, 2024-2031
8.5.3. Middle East & Africa Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) By End-Users, 2024-2031
8.5.4. Middle East & Africa Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market revenue (US$ Million) by country, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Accenture
9.2.2. Alibaba Cloud
9.2.3. Amazon Web Services
9.2.4. Google
9.2.5. IBM
9.2.6. Nutanix
9.2.7. XtalPi
9.2.8. Other Prominent Player
Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Size (Value US$ Mn) & Forecasts and Trend Analyses, Based on Cloud
Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Size (Value US$ Mn) & Forecasts and Trend Analyses, Based on Service
Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Size (Value US$ Mn) & Forecasts and Trend Analyses, Based on End-Users
Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Size (Value US$ Mn) & Forecasts and Trend Analyses, Based on Region
North America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Revenue (US$ Million) by Country
Europe Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Revenue (US$ Million) by Country
Asia Pacific Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Revenue (US$ Million) by Country
Latin America Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Revenue (US$ Million) by Country
Middle East & Africa Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market Revenue (US$ Million) by Country
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
