FMI Good Growth Opportunities in Cloud-Based Drug Disc | Page 6

Cloud-Based Drug Discovery Platform Market
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 decision-making 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. Cloud-based drug discover platform runs at zero lag time, saving time and giving real-time
access to users. This is another reason for the growing adoption of cloud-based drug discovery platform
globally.
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Confidentiality and privacy issues continue to impede the growth of the cloud-based drug discovery
platform market. Although many improvements have been made in the recent past, cyber hacks continue
to create apprehension among many pharma players, leading to stifled adoption.
North America, Japan and Western Europe regions are some of the key players in the global cloud-based
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