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Automotive and Transportation Life Science Analytics Market

Market Definition

The global life science analytics market is primarily driven by technological advancements, big data in the life science industry, growing adoption of analytics solutions in clinical trials, the adoption of analytics for sales and marketing applications, the need for improved data standardization, the prevalence of chronic diseases, rising pressure to cut healthcare spending, and an increase in the number of people living with chronic diseases. High implementation costs, on the other hand, are expected to limit the market's growth to some extent. The descriptive analytics segment accounted for the majority of the market for life science analytics. Descriptive, predictive, and prescriptive analytics are the three types of analytics available. The significant use of descriptive analytics by stakeholders to gain a better understanding of past trends and events occurring in real-time accounts for the large share of this segment. During the forecast period, the sales and marketing segment is expected to grow at the fastest CAGR. The high growth of this segment can be attributed to life science companies' increasing use of analytics to align their sales and marketing campaigns. The importance of post-marketing surveillance is driving up the use of analytics in sales and marketing. The Life Science Analytics Market was dominated by North America, followed by Europe. The strong economies of the United States and Canada, which have allowed for significant investments in technology in this region, are primarily responsible for this market's size. The growing adoption of IT in the life science industry, rising pressure to reduce healthcare costs, stringent regulations for the pharma-biotech and medical device industries, and greater product and service availability in this region are all driving growth in the North American market.

Report Scope

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. 

Major Market Players

Key Players includes in the global life science analytics market are SAS Institute, IBM Corporation, Oracle Corporation, Iqvia, Accenture, Cognizant, Maxisit, Scio Health Analytics, Take Solutions, Wipro Limited.

The Life Science Analytics Market report has been categorized as below

By Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

By Application 

  • Research & Development        
  • Clinical trials
  • Preclinical trials
  • Sales & Marketing
  • Pharmacovigilance
  • Regulatory Compliance
  • Supply Chain Optimization

By Component

  • Services
  • Software

By Delivery Model 

  • On-Premise Delivery Model
  • On-Demand Delivery Model

By End User

  • Pharmaceutical and Biotechnology Companies
  • Medical Device Companies
  • Research Centers
  • Third-Party Administrators

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year - 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitor are exploring?
  • Key players in the market and how intense is the competition?
  • What are the upcoming industry trends that manufacturers are focusing on in the future updates?
  • For each segment, what are the significant opportunities in the market?
  • What are the key growth strategies adopted by major market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Gain comprehensive insights on the Life Science Analytics industry & market trends
  • Note complete analysis of the market status
  • Recognize the market opportunities and growth segments
  • Evaluating business segments & product portfolios, and interpret competitive dynamics
  • Facilitate strategy planning and industry dynamics to strengthen decision making

Report Content

  1. Life Science Analytics Market Introduction
  2. Key Insights
  3. Report Overview
  4. Markets Covered
  5. Stakeholders
  6. Research Methodology
  7. Research Scope
  8. Market Research Process
  9. Research Data Analysis
  10. Market Size Estimation
  11. Executive Summary
  12. Market Overview
  13. Introduction 
  14. Market Drivers and Restraints
  15. By Type
  16. Descriptive Analytics
  17. Predictive Analytics
  18. Prescriptive Analytics
  19. By Application 
  20. Research & Development        
  21. Clinical trials
  22. Preclinical trials
  23. Sales & Marketing
  24. Pharmacovigilance
  25. Regulatory Compliance
  26. Supply Chain Optimization
  27. By Component
  28. Services
  29. Software
  30. By Delivery Model 
  31. On-Premise Delivery Model
  32. On-Demand Delivery Model
  33. By End User
  34. Pharmaceutical and Biotechnology Companies
  35. Medical Device Companies
  36. Research Centers
  37. Third-Party Administrators
  38. By Region
  39. Key Points
  40. North America
  41. US
  42. Canada
  43. Mexico
  44. Europe
  45. Germany
  46. France
  47. Italy
  48. UK
  49. Rest of World
  50. Asia Pacific
  51. Japan
  52. China
  53. India
  54. Australia
  55. Rest of Asia Pacific
  56. Rest of the World
  57. South America
  58. Middle East and Africa
  59. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

  1. SAS Institute Inc.
  2. IBM Corporation
  3. Oracle Corporation
  4. Iqvia
  5. Accenture
  6. Cognizant
  7. Maxisit
  8. Scio Health Analytics
  9. Take Solutions
  10. Wipro Limited


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