Published By : 28 Jul 2016 | Published By : QYRESEARCH
E-clinical solution software includes programs that are intended to make data management easier in the healthcare sector than that can be done using conventional methods. The healthcare industry produces massive amounts of data every day, which needs to be carefully stored for easy access in the future. The system used for storing healthcare data is important to maintain confidentiality pertaining to patient information. This is driving the demand for digital storage systems in recent years; top players are adopting web-based e-clinical software solution to augment their productivity.
The global market for e-clinical solution software is expected to reach a valuation of US$ 6.8 bn by 2020 increasing from US$ 3 bn in 2014 at a CAGR of 13.80% therein.
At the recently held Digital Health Summer Summit in San Francisco, the potential applications of cognitive learning programs in healthcare were discussed. While smart data logging and software tracking is becoming usual in healthcare applications, the emergence of cognitive learning is a major milestone in the industry.
Not only do cognitive learning programs offer the ability to organize and secure data, but also provide insights about the data and to modify conclusions if more data is added. Due to reasons of reliability and accuracy, cognitive learning solutions hold immense significance for the healthcare industry.
Web-based e-clinical solution software dominates the market on the basis of delivery mode. However, cloud-based e-clinical solution delivery is anticipated to become popular in the coming years. Web-based data storage bought a radical change in the healthcare industry by displaying the benefits of digitization, however, cloud-based data storage is looked upon as the logical next step for outsourcing data storage services. The use of cloud-based e-clinical solution software allows end users to utilize their resources for core operations, which in turn is driving the demand for cloud services.
The pharmaceutical industry stood as the leading end user of the global market for e-clinical solution software in 2014. Due to the increasing need for accurate data in the pharmaceutical industry, the sector has emerged as a prominent end user of e-clinical solution software. Moreover, the rising number of clinical trials is anticipated to bolster the demand or e-clinical solution software in the future.