Cloud-Based Drug Discovery Platform Market Trends and Competitive Lan FMI | Page 4

Report Description

Cloud-Based Drug Discovery Platform Market Segmentation

On the basis of types of services , the cloud-based drug discovery platform market is segmented into infrastructure as a Service ( IaaS ), Platform as a Service ( PaaS ) and Software as a Service ( SaaS ). IaaS offers data-center space , and servers , network equipment such as software for businesses and routers / switches . PaaS offers full hardware architecture and software framework . In SaaS process providers allow access to software through online medium only .

Geographically , global cloud-based drug discovery market is segmented into North America , Latin America , Western Europe , Eastern Europe , Asia Pacific excluding Japan , Japan , and Middle East & Africa . North America and Western Europe are the leading players in the cloud-based drug discovery platform market . The growth of the market in Asia Pacific is anticipated to witness steady growth over the forecast period .

Cloud-Based Drug Discovery Platform Market Dynamics

Data management is a critical issue for the pharmaceutical industry . The pharmaceutical industry is rapidly restructuring its discovery business model to completely networked and integrated research and development in order to manage the huge data it generates . Storing this data on cloud not only offers cost savings , but also improved accessibility .

Graphical representation , a dynamic and quick form of getting results , helps in decisionmaking at a management level . Keeping the needs of consumers in mind , key players in the cloud-based drug discovery platform are offering flexible , cost-effective , and highly secure cloud-based storage options to consumers .