Risk-based Monitoring (RBM) Software Market is Projected to Grow Up...

Risk-based Monitoring (RBM) Software Market is Projected to Grow Up and Forecast Report by 2020-2027

Posted 2022-11-29 09:10:47

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The Global Risk-based Monitoring (RBM) Software Market research study published by Emergen Research is an extensive collection of insightful information about the Risk-based Monitoring (RBM) Software industry. The report covers the Risk-based Monitoring (RBM) Software Market segmentation along with a detailed outline of the Risk-based Monitoring (RBM) Software market size with regards to volume and valuation. The report provides comprehensive coverage of the Risk-based Monitoring (RBM) Software market scenario for the current period and forecast timeline of 2020-2027. The Risk-based Monitoring (RBM) Software market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

The global risk-based monitoring (RBM) software market is projected to reach value of USD 644.6 Million by 2027, according to a current analysis by Emergen Research. During the forecast period, the global risk-based monitoring (RBM) software market is anticipated to expand significantly, owing to the increasing need for source data verification solutions in clinical trials. Rising demand for cost-effective monitoring systems for use in clinical trials is expected to further fuel the global risk-based monitoring (RBM) software market during the forecast period. Moreover, rising adoption of the risk-based monitoring software solution in clinical trials for better outcomes is anticipated to boost the market in the near future.

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Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Risk-based Monitoring (RBM) Software market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities

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The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, R&D activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others.

The key players profiled in the report are:

ERT Inc., Veeva Systems Inc., Anju Software, Inc., PerkinElmer Inc., Quanticate Inc, Dassault Systèmes SE, DataTrak International, Inc., International Business Machines Corporation, PAREXEL International Corporation, MaxisIT Inc.

Key Questions Answered in the Report:

What will be the estimated growth rate of the Risk-based Monitoring (RBM) Software market by 2027?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Risk-based Monitoring (RBM) Software market throughout the forecast period?
What are the current and future market trends of the Risk-based Monitoring (RBM) Software market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?

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Some Key Highlights:

In December 2020, ERT Inc. announced its merger with BioClinica, Inc. The move would enable ERT to keep reinventing end-point data collection by offering better-quality data and more streamlined solutions to meet its customers' priorities in terms of high performance, improved efficiency, safer clinical trials, and patient-centric digital solutions.
The web-based segment is expected to lead the market, expanding at a CAGR of 13.4% during the forecast period, due to advantages of web-based risk-based management applications such as enhanced data security, enhanced scalability, lower operating costs, simple software deployment, and enhanced configuration.
The dashboard monitoring segment is expected to retain the largest market share during the forecast period. Dashboard monitoring gives a look at the specific information of the status of each test site based on risk factors of the test.
The pharmaceutical & biopharmaceutical companies segment is expected to lead the market during the forecast period. The techniques of risk-based monitoring software commonly used in pharmaceutical and biopharmaceutical industries offer several benefits, such as enhanced process reliability and reduced associated costs.
The North America region is expected to lead the global market during the forecast period, due to presence of leading market players in the region. Furthermore, growing government support for clinical trials is projected to fuel the market in the region during the forecast period.

Market Overview:

The report bifurcates the Risk-based Monitoring (RBM) Software market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Deployment Outlook (Revenue, USD Million; 2017–2027)
- Cloud-based
- On-premises
- Web-based

Monitoring Process Outlook (Revenue, USD Million; 2017–2027)
- Statistical Analysis
- Targeted on-site Investigation
- Dashboard Monitoring
- Data Collection & Submission

End-use Outlook (Revenue, USD Million; 2017–2027)
- Pharmaceutical & Biopharmaceutical Companies
- Medical Device Companies
- Contract Research Organizations
- Others

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