The global risk-based monitoring (RBM) software market is projected to reach value of USD 644.6 Million by 2027,The purpose of the keyword Market is to provide intensive information about marketplace size, sales boom and marketplace dynamics to readers, stakeholders, organizations to reinforce their percentage withinside the worldwide Risk-based Monitoring (RBM) Software marketplace. It additionally presents intensive data approximately key factors, restraints, limitations, demanding situations at the side of diverse marketplace segmentations consisting of product type, utility and local bifurcation.
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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Further key findings from the report suggest
- 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.
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Report Objective:
The report offers a complete analysis of the global Risk-based Monitoring (RBM) Software market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. 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, and MaxisIT Inc. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global risk-based monitoring (RBM) software market on the basis of deployment, monitoring process, end-use, and region.
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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
- Others
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Risk-based Monitoring (RBM) Software market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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