Emergen Research’s latest document, titled ‘Global Risk-based Monitoring (RBM) Software market - Forecast to 2027, is one of the most sought-after market reports involving an in-depth analysis of the global Risk-based Monitoring (RBM) Software market. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Risk-based Monitoring (RBM) Software market. The report’s authors have offered necessary details on the latest Risk-based Monitoring (RBM) Software market trends and the crucial parameters impacting both short-term and long-term market growth.

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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Global Risk-based Monitoring (RBM) Software Market Highlights:

  • Regional demand estimation and forecast
  • Product Mix Matrix
  • R&D Analysis
  • Cost-Benefit Analysis
  • Pre-commodity pricing volatility
  • Supply chain optimization analysis
  • Technological updates analysis
  • Raw Material Sourcing Strategy
  • Competitive Analysis
  • Mergers & Acquisitions
  • Location Quotients Analysis
  • Carbon Footprint Analysis
  • Patent Analysis
  • Vendor Management

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Risk-based Monitoring (RBM) Software market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Risk-based Monitoring (RBM) Software market and pinpoint the fundamental growth trends.  

Key Parameters Analyzed in This Section:

  • Company Profiles
  • Gross Revenue
  • Profit margins
  • Product sales trends
  • Product pricing
  • Industry Analysis
  • Sales & distribution channels

Regional Segmentation:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa
  • Asia Pacific

Key Points Covered in This Section:

  • Regional contribution
  • Estimated revenue generation
  • Vital data and information about the consumption rate in all the leading regional segments
  • An expected rise in market share
  • Forecast growth in the overall consumption rate 

Key Companies 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.

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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Key Highlights of Report

  • 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.

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