Vendor Assessment: 2014 Top 10 Life Science Software Vendors
This IDC Health Insights report summarizes the results from a recent study to identify the top 10 software vendors serving the life science market. Conducted annually since 2010, the 2014 IDC Health Insights top 10 life science software vendors list includes expanded insights into life science vendor rankings within the life science industry subsegments, research, development, manufacturing and supply chain, and sales and marketing.
Eric Newmark, program director at IDC Health Insights, said, "The commercial life sciences are working through a challenging period of industry change, accosted by regulatory transformation and shifting market dynamics from U.S. healthcare reform. The sales and marketing space has retooled its IT portfolio to improve sales force effectiveness and is now setting its sights on optimizing marketing efficiency, particularly through implementation of true omni-channel capabilities. And the manufacturing and supply chain arena is now following suit with increased movement of software to the cloud and broader outsourcing of various business processes and IT requirements. Software vendors offering cost-effective, easy-to-use, scalable solutions in a verticalized manner remain best positioned to experience the strongest growth going forward."
Alan S. Louie, research director at IDC Health Insights, further commented, "The life science R&D application ecosystem is continuing to grow and evolve, with a number of top-tier, best-of-breed solution providers leading the way. These leading vendors are actively working to make their offerings more accessible, more user-friendly, and more interconnected, making it easier for their customers to recognize the value that their solutions deliver. With further consolidation of the preferred vendor space, IDC expects life science companies to demand more from their vendors, including rewarding successful relationships with growth, potential to be rewarded for exceptional performance, and treatment more as a partner than as a vendor."
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