Electronic Batch Record (EBR) Software Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
According to a new market research report published by Credence Research “Electronic Batch Record Software Market (Deployment Model – On-premise and Hosted; End-user – Pharmaceuticals, Biotechnology, Food & Beverages, Chemicals & Polymers, Consumer Products and Others (Oil & Gas, Automobile etc.)) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025”, the global electronic batch records (EBR) software market is set to register double digit growth over the forecast period 2017 to 2025.
The report covers outlook and research for the Electronic Batch Record (EBR) Software market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Electronic Batch Record (EBR) Software market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Electronic Batch Record (EBR) Software market on a worldwide level.
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Pharmaceuticals and biotechnology are among the industry verticals bound by stringent regulations enforced across manufacturing as well as research and development. Very few industries are required to maintain such high level of process accountability, transparency and control as compared to that followed by the pharmaceuticals industry. As part of these regulations (e.g. U.S. FDA 21 CFR Part 11), pharmaceutical companies are required to maintain records of each product being manufactured at the facility. Conventionally, batch records were paper-based consuming substantial amount of time, efforts, storage space and human resource. Additionally, due to higher human interference, paper-based manual batch record management is more prone to errors. Subsequently, electronic batch record software has emerged as a viable solution for simplifying the overall record management with minimized errors.
One of the most prominent factors driving the electronic batch records software market is the consistently growing adoption of process automation across different industry verticals. Due to growing emphasis on effective quality management, several healthcare organizations have embraced automated software solutions that facilitates seamless process control. With growing power of computing, efficient quality management software have evolved coupled with minimized cost of digital storage. This has significantly encouraged different organizations to shift to electronic quality management solutions (such as EBR). Some of the major advantages of using EBR are as listed below:
- Enhanced visibility through processes
- Reduced inventory wastage
- Improved accuracy and consistency
- Reduced data entry errors
- Substantial return on investment
- Reduced cycle time
- Better compliance with the regulations
- Improved decision making
- Reduced operating costs
The overall electronic batch records software market is categorized on the basis of deployment model, end-user and geographic regions. On the basis of deployment model, the EBR market is segmented into on-premise and hosted EBR. Based on its end-users, the market is categorized into pharmaceuticals, biotechnology, food & beverages, chemicals & polymers, consumer products and others (oil & gas, automobile etc.). In 2016, the overall EBR software market worldwide was led by pharmaceuticals segment accounting for more than 40% of the global market value. Stringent regulations enforced on pharmaceutical companies for effective quality management is the prime factor supporting the segment growth. Geographically, the market was led by North America with market share of more than 1/3rd of the global market value, in 2016.
Some of the major players operating in the market include Siemens AG, Sparta Systems, Inc., QUMAS, SAP SE, Emerson Electric Company, Oracle Corporation, MAXLife Life Sciences Software, MasterControl, Inc., Honeywell International, Inc., Schneider Electric SE, ABB Ltd., Accelrys, Inc., Werum IT Solutions GmbH, Deem Sensing Technologies Pvt. Ltd., MetricStream, Inc., LZ Lifescience and others.
This report offers extensive research on the worldwide Electronic Batch Record (EBR) Software showcase alongside, market trends, market size, drivers, and restraints of the Electronic Batch Record (EBR) Software market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
Key aspects of the study include:
Electronic Batch Record (EBR) Software Market Snapshot
Classification of Electronic Batch Record (EBR) Software Market
Market Overview: Market drivers, restraints and key trends analysis
Competitive analysis of the key players operating in the market
Market size split on the basis of geographies and sub-geographies
Cross-sectional market size for all segments per sub-geography
Historical market size for year 2016 with 2017 as the base year
Forecast period: 2018 to 2026
Key questions answered in the Report
What is the Current Market Size and Forecast for Electronic Batch Record (EBR) Software Market?
Who are major players in the industry and what are their strategies and developments in the recent years?
What are the key segments expected to emerge as the most attractive during the forecast period?
Which is the most lucrative geographic region for Electronic Batch Record (EBR) Software market?
At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.
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