Pharmaceutical Manufacturing Software Market, by Product Type (On-cloud and On-premise), by Application (Large Enterprises and SMEs), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Pharmaceutical software is a growing area in the pharmaceutical industry. As data analytics and data science are integral for drug development, manufacturing, and compliance, keeping software up-to-date is necessary to stay competitive. It is important to design processes or software that ensure product safety, quality, and efficacy. It can help in validating pharmaceutical manufacturing. Validation software systems help to manage and keep track of the activities taking place over the lifecycle of a product and process, whether it is a piece of equipment or machine designed to manufacture something, a process to make something, or a computer program to control something.
Market Dynamics
The increasing adoption of various software by key players is expected to drive the global pharmaceutical manufacturing software market growth during the forecast period. For instance, in July 2019, Lonza Group, a multinational chemicals and biotechnology company, opted Rockwell Automation’s PharmaSuite manufacturing execution system (MES) software to digitize the processes in their manufacturing environments. Rockwell Automation is an American provider of industrial automation and information technology.
Moreover, increasing partnerships among the key players to develop technologically advanced pharmaceutical manufacturing software is expected to drive the market growth during the forecast period. For instance, in May 2020, Atos, a global leader in digital transformation, and Siemens AG, a Germany-based multinational conglomerate, announced that they are working in a partnership with the pharmaceutical industry. Their aim is to enhance production with an innovative solution called ‘Process Digital Twin’, which is based on a digital replica of the production process in pharma. This innovation is designed with an aim to improve flexibility and efficiency in the manufacturing of pharmaceutical products.
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