Data mining applications greatly benefit all firms involved in the lifesciences industry. For example, data mining helps insurers in detecting abuse and fraud, organizations can make better decisions related to customer relationship management, and physicians are enabled to identify effective treatments as well as best practices. As the lifesciences sector continues to evolve, importance of optimizing quality related to capital investment decision increases among companies. This report, compiled by Fact.MR, provides in-depth analysis of the global lifesciences data mining and visualization market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
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According to a new research report published by Fact.MR, the global lifesciences data mining & visualization market is set to register a splendid growth at a double-digit CAGR between the period 2017 and 2026. Revenues from the market are likely to close in roughly US$ 6,400 Mn by 2026-end.
North America to Account for Largest Revenues in the Market
Revenues from the market for lifesciences data mining and visualization in North America will remain significantly larger than those obtained from the market in all the other regional segments combined. Apart from North America, Europe will also prevail as a lucrative market for lifesciences data mining and visualization market.
On the basis of customer segment, pharmaceuticals will witness the fastest expansion in the market during 2017 to 2026. In addition, revenues from academia and diagnostics & screening will increase at an approximately equal CAGR through 2026. Sales & marketing will endure as the most lucrative among solution type segments, trailed by operations and supply chain.
Both (on premise and on demand) delivery model and on premise delivery model of lifesciences data mining and visualization will remain preferred among companies in the market. Based on licensing structure, server-based and user-based early license are set to account for roughly similar revenue shares of the market by 2026-end.
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Key Future Projections of Lifescience Data Mining and Visualization Market for Forecast Period 2017-2026
1- The global market for lifesciences data mining and visualization will be dominated by North America, in terms of revenues, during the forecast period. Europe has been estimated to remain the second largest market for lifesciences data mining and visualization.
2- Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fast-expanding market for lifesciences data mining and visualization, with revenues estimated to exceed US$ 500 Mn by 2026-end.
Competition Tracking
Fact.MR’s report imparts forecast and analysis on the global lifesciences data mining and visualization market, tracking the occupancy of major market players through an intensity map. Key companies profiled by the report include MicroStrategy Inc., InetSoft Technology Corporation, Pentaho Corporation, Dundas Data Visualization Inc., Information Builders, IBM Corporation, TIBCO Software Inc., Oracle Corporation, Microsoft Corporation, SAS Institute Inc., SAP SE, and Tableau Software.
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