Artificial Intelligence
Pharmaceutical Quality Management Systems Market to Be Worth $4.59 Billion by 2031 – Exclusive Report by Meticulous Research®
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REDDING, Calif., July 15, 2024 /PRNewswire/ — According to a new market research report titled, ‘Pharmaceutical Quality Management Systems Market Size, Share, Forecast, & Trends Analysis by Solution Type (Deviation, CAPA, Audit, Risk & Compliance, Inspection, Change, Training) Deployment Mode (Cloud, On-premise) End User – Global Forecast to 2031,’ published by Meticulous Research®, the pharmaceutical quality management systems market is projected to reach $4.59 billion by 2031 at a CAGR of 15.6% from 2024 to 2031.
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Pharmaceutical Quality Management Systems (QMS) are sets of procedures and practices that contribute to the quality of pharmaceutical products. Quality management systems facilitate regulatory requirements relevant to industries and companies. ICH Q10 and ISO 9001:2015 are some of the most important quality standards and guidelines for the pharmaceutical industry. Quality Management systems have positively impacted the global pharmaceutical market and brought about significant changes in the pharmaceutical industry.
Rising drug manufacturing costs, stringent regulatory standards for pharmaceutical production, rapid growth of the pharmaceutical industry, and the advantages of software-based quality management systems drive the growth of this market. However, the high costs of deploying pharmaceutical quality management systems restrain the growth of this market.
The increasing demand for generic drugs & biopharmaceuticals and the rising preference for platform-as-a-service solutions among pharmaceutical companies are expected to create market growth opportunities. However, security concerns associated with on-cloud deployments pose a significant challenge to the market’s growth.
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Increasing Inclination Towards Personalized Medicine is Driving the Demand for Pharmaceutical Quality Management Systems
Advances in proteomic and genomic sciences have boosted the development of personalized therapies. Personalized medicine is an emerging approach in today’s healthcare systems. A wave of personalized medicines has entered mainstream clinical practices, changing the methods for identifying, classifying, and treating diseases. Policymakers are increasingly recognizing personalized medicines, driving innovative approaches to develop and produce personalized therapies. Personalized therapies are designed according to patients’ unique requirements, which makes it difficult to manufacture them, maintain quality control, and guarantee consistency and repeatability. Patient information, such as genetic and clinical data, is crucial to developing personalized treatments. Large data volumes can be difficult to handle and analyze, necessitating powerful data management systems and analytical tools.
As per a report by the Personalized Medicine Coalition, the number of personalized medicines on the market is growing rapidly. In the U.S., the number increased by more than two-fold during 2016–2020. Personalized medicines accounted for 39% of the U.S. FDA’s new drug approvals in 2020, increasing from 5% in 2005. Further, the use of biomarkers in clinical trials increased from 18% in 2000 to 61% in 2019, generating opportunities to produce personalized therapies and driving the demand for pharmaceutical QMS. In June 2020, Infosys Limited (India) launched a platform for personalized medicine based on its SCI platform, SAP S/4HANA, SAP Analytics Cloud solution, and SAP C/4HANA, to address regulatory compliance, patient management, and supply chain issues.
The key players operating in the global pharmaceutical quality management systems market are ANTARES VISION SpA (Italy), AssurX Inc. (U.S.), AXSource Consulting Inc. (U.S.), Körber AG (Germany), ComplianceQuest, Inc. (U.S.), Dassault Systèmes SE (France), EtQ Management Consultants Inc.(U.S.), Honeywell International Inc. (U.S.), Ideagen PLC (U.K.), IQVIA HOLDINGS INC. (U.S), LogicGate Inc. (U.S.), and MasterControl, Inc. (U.S.).
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The global pharmaceutical quality management systems market study presents historical market data in terms of values (2022 and 2023), estimated current data (2024), and forecasts for 2031. The global pharmaceutical quality management systems market is segmented by solution type, deployment mode, and end user. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on solution type, the pharmaceutical quality management systems market is segmented into non-conformance/deviation management, CAPA management, audit management, risk & compliance management, suppliers & materials management, inspection management, document management, change management, training management, and other solution types. In 2024, the non-conformance/deviation management segment is expected to account for the largest share of 18.1% of the pharmaceutical quality management systems market. However, the CAPA management segment is expected to register the highest CAGR during the forecast period. This segment’s growth can be attributed to the increasing demand for Corrective and Preventive Action (CAPA) management in the pharmaceutical industry, driven by the need to ensure product quality, patient safety, and regulatory compliance. CAPA management is essential for addressing issues and preventing their recurrence, further contributing to the overall integrity of pharmaceutical operations.
Based on deployment mode, the pharmaceutical quality management systems market is segmented into cloud/web-based and on-premise. In 2024, the cloud/web-based segment is expected to account for the largest share of 79.4% of the pharmaceutical quality management systems market. The large market share of this segment can be attributed to the advantages offered by cloud/web-based deployments over on-premise deployments, such as cost minimization, easy accessibility, adjustability, and updated cloud systems.
Based on end user, the pharmaceutical quality management systems market is segmented into pharmaceutical and biotechnology companies, contract development and manufacturing organizations/contract research organizations, and research laboratories. The pharmaceutical and biotechnology companies segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to increasing R&D investments by pharmaceutical & biotechnology companies, widespread utilization of quality management systems to ensure product quality, and a growing emphasis on personalized medicine research.
Geographically, in 2024, North America is expected to account for the largest share of 38.4% of the pharmaceutical quality management systems market. North America’s large market share can be attributed to the increasing use of advanced digital tools approved by regulatory authorities in the region’s pharmaceutical sector to improve overall development & manufacturing outcomes and the presence of major market players in the region.
The report also includes an extensive assessment of the key growth strategies adopted by leading market players over the past few years (2021–2024). In the last couple of years, the global pharmaceutical quality management systems market witnessed several strategic developments.
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Scope of the Report:
Pharmaceutical Quality Management Systems Market Assessment—by Solution Type
Non-conformance/Deviation managementDocument ManagementCAPA ManagementRisk & Compliance ManagementInspection ManagementAudit ManagementSuppliers & Materials ManagementTraining ManagementChange ManagementOther Solution Types(Other solution types include complaint management, out-of-specification, release management, incidents & occurrence management, post-market surveillance, design control, and asset management)
Pharmaceutical Quality Management Systems Market Assessment—by Deployment Mode
Cloud/Web-basedOn-PremisePharmaceutical Quality Management Systems Market Assessment—by End User
Pharmaceutical and Biotechnology CompaniesCDMO/CROResearch LaboratoriesPharmaceutical Quality Management Systems Market Assessment—by Geography
North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainIrelandBelgiumNetherlandsRest of EuropeAsia-PacificChinaJapanIndiaSingaporeMalaysiaPhilippinesVietnamRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/13952044
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Content Source: https://www.meticulousresearch.com/pressrelease/626/pharmaceutical-quality-management-systems-market-2031
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Artificial Intelligence
Tower Company EuroTeleSites to Advance Digital Transformation with Sitetracker
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Cost and time savings will drive efficiencies; powerful analytics sharpens rollout strategies
MONTCLAIR, N.J., Aug. 21, 2024 /PRNewswire/ — Sitetracker, the world’s leading provider of deployment operations management software, will implement its software at EuroTeleSites, third largest listed company in Europe with markets in Austria, Bulgaria, Croatia, Slovenia, North Macedonia, and Serbia. With Sitetracker, EuroTeleSites will increase the efficiencies of wireless infrastructure deployments across all countries, improve product management and asset management, and harness its troves of proprietary data for strategic insights.
With more than 13,500 sites across CEE, EuroTeleSites deploys, operates, and maintains a massive network of critical infrastructure that wireless service providers across all six countries use. Rising customer expectations led to the company’s plan to move off its legacy asset management software to a modern platform with better usability and built-in data analytics. EuroTeleSites will make that digital transformation with Sitetracker.
“The approximately 400,000 mobile towers of all telcos and TowerCos throughout Europe form the infrastructural backbone of an increasingly digital, mobile society. As a tower operator, this requires close coordination with customers, authorities, landlords and suppliers: from site selection to construction and maintenance. Sitetracker helps us synchronize all the necessary information across countries and in real time and use it more effectively,” comments Lars Mosdorf, CFO of EuroTeleSites and responsible for IT, on the potential of the software changeover. “With the introduction of Sitetracker, we are creating state-of-the-art support for our team and the basis for big data analytics, machine learning and, in a later step, digital twins,” says Mosdorf, delighted with the forward-looking investment.
Sitetracker continues to see extraordinary success in international markets, particularly in Europe where telecom service providers are investing in high-capacity fiber and wireless infrastructure to deliver much-anticipated 5G services. The Sitetracker product suite, with its built-in best practices for the telco industry, offers a complete telecom ecosystem with prebuilt, intelligent templates and workflows based on years of experience that benefit EuroTeleSites as it moves nimbly to respond to its customers.
“In order to reap the benefits of digital transformation, which include significant cost and time savings, companies must re-imagine old processes and use data to improve them,” said Giuseppe Incitti, CEO of Sitetracker. “Sitetracker gives telcos and TowerCos the tools to make this shift simply and effectively, so they can move forward with clear, precise, real-time information and focus on serving their customers with maximal efficiency. We look forward to a continued positive relationship with EuroTeleSites.”
About SitetrackerSitetracker powers the rapid deployment of tomorrow’s infrastructure. The global leader in deployment operations management software, Sitetracker helps innovative companies like Cox, Telefonica, EVgo, Nextera, Comcast, ChargePoint, Cypress Creek Renewables, Ziply, Southern Company, Iberdrola, Vodafone, Vantage Towers, VerticalBridge, and Congruex plan, deploy, and manage millions of programs, projects, sites, and assets across nearly 300 customers globally. By giving telecommunications, EV charging, renewables, utility, and real estate teams a cloud-based solution that works easily and effectively, Sitetracker accelerates the transition to a fully connected and sustainable future. Deploy what’s next. For more information, please request a demo.
About EuroTeleSitesEuroTeleSites, a listed company on the Vienna Stock Exchange, is the leading provider of telecommunications infrastructure and solutions in the CEE region. It is building the region’s digital infrastructure by operating 13,552 strategically located sites in the second quarter 2024. In the 2023 reporting period (Sep 22 – Dec 31), 165 employees generated revenues of EUR 71.9 million. As a European player among the top 30 tower companies worldwide, EuroTeleSites´ goal is to further strengthen its position as a trusted partner in the telecommunications industry. Besides A1 as the anchor tenant, customers range from mobile network operators to internet service providers, enterprises and government agencies. EuroTeleSites is dedicated to delivering reliable and innovative infrastructure solutions to meet the ever-growing connectivity needed in today´s world.
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Artificial Intelligence
Indosat Ooredoo Hutchison Elevates National Technological Ambition with the Unveiling of Indonesia’s First AI Experience Center
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JAKARTA, Indonesia, Aug. 21, 2024 /PRNewswire/ — Indosat Ooredoo Hutchison (Indosat or IOH, IDX: ISAT) has taken a significant step forward in its larger purpose to empower Indonesia by launching the country’s first AI Experience Center at Solo Technopark in Solo, Central Java. This state-of-the-art facility, backed by advanced 5G connectivity, stands as a testament to Indosat’s commitment to shaping Indonesia’s future as an AI Nation and positioning the country as a key player in the global AI community.
The inauguration of this groundbreaking AI Experience Center was marked by the presence of prominent figures, including Wijaya Kusumawardhana, Expert Staff to the Minister for Social, Economic and Cultural Affairs representing the Minister of Communication and Informatics of the Republic of Indonesia; Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison; and Teguh Prakosa, the Mayor of Surakarta. This milestone underscores Indonesia’s strides toward realizing its vision of a Golden Indonesia 2045 through the adoption of advanced technologies, with 5G connectivity serving as the backbone of this transformation.
Expert Staff to the Minister of Communication and Informatics of the Republic of Indonesia for Social, Economic and Cultural Affairs, Wijaya Kusumawardhana, expressed, “We congratulate Indosat Ooredoo Hutchison for pioneering the first AI Experience Center in Indonesia. This initiative signifies a pivotal moment in the evolution of our telecommunications industry. We are confident that this experience center will catalyze further innovation across sectors, and we stand ready to support its success.”
President Director and CEO of Indosat Ooredoo Hutchison, Vikram Sinha, said, “This AI Experience Center marks a cornerstone in our journey to empower Indonesia through AI. It is a clear demonstration of our commitment to transforming Indonesia’s digital and telecommunications landscape. We deeply appreciate the support from the Indonesian government and our strategic partners who share our vision of propelling Indonesia onto the global stage. This is only the beginning of many exciting developments as we unlock infinite possibilities for millions of Indonesians.”
Mayor of Surakarta, Teguh Prakosa, emphasized, “We are honored that Indosat has chosen Solo for the establishment of Indonesia’s first AI Experience Center. This facility will not only enhance Solo Technopark but also trigger a multiplier effect on the local economy and digitalization, benefiting education, tourism, and job creation.”
Partnering with global technology leader Huawei, the Indosat AI Experience Center showcases cutting-edge AI technologies applicable to various sectors, including smart city management optimized by its 5G network, arts, food & beverages, and other creative industries. Beyond serving as a showcase for the latest AI innovations, the AI Experience Center will also function as a training hub, offering programs to students, public servants, and the broader community on how AI can enhance productivity and create new opportunities.
This hands-on experience is a precursor to the AI Center of Excellence that Indosat plans to establish, which will be powered by 5G technology and is set to be groundbreaking in the near future. Indosat’s commitment to catalyzing advanced technology in Solo began in 2021 with the launch of its 5G service, followed by the establishment of Solo Safari as the first 5G zoo in Indonesia.
Guided by Indosat’s overarching purpose of empowering Indonesia, the AI Experience Center is poised to be a catalyst for innovation, fostering the development of AI-ready talent, and providing society with the tools to harness AI’s transformative power. As Indonesia stands on the cusp of a technological revolution, Indosat’s AI Experience Center symbolizes not just the dawn of a new era, but the beginning of a journey that will see Indonesia rise as a leader in AI. With this facility, Indosat is not merely investing in technology; it is investing in the future of the nation—empowering Indonesians to seize the boundless opportunities that AI and 5G present and to propel the country toward a brighter, more innovative future.
About Indosat Ooredoo Hutchison
Indosat Ooredoo Hutchison (Indosat, IDX: ISAT) has the vision to become the most preferred digital telecommunications company in Indonesia. Together with its subsidiaries and affiliates, Indosat provides cellular services, ICT solutions, data centers, Fiber to the Home (FTTH), electronic payment services, financial services, and other digital services. Indosat has a larger purpose of empowering Indonesia, and with the spirit of Gotong Royong, Indosat wants to be the main collaborator in realizing it and creating meaningful change.
Disclaimer
This document may contain financial information and the results of certain operational activities, and may contain a number of projections, plans, strategies, and objectives of Indosat Ooredoo Hutchison, which are not statements of historical fact which will be treated as forward-looking statements in accordance with applicable law. Forward-looking statements are subject to risks and uncertainties that could result in actual events and future achievements of Indosat Ooredoo Hutchison different from those expected or indicated by the statements. No warranty can be given as to the results expected by Indosat Ooredoo Hutchison, or indicated by such statements, to be achieved.
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Artificial Intelligence
Cognizant Appoints Rajesh Varrier as Global Head of Operations and Chairman & Managing Director, India
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Industry veteran brings 30 years of service, operations and digital experience to the role
TEANECK, N.J., Aug. 21, 2024 /PRNewswire/ — Cognizant (Nasdaq: CTSH) today announced the appointment of Rajesh Varrier as Global Head of Operations, effective September 2, 2024. Additionally, he will be appointed as Chairman & Managing Director, India, assuming the role October 1, 2024, as Rajesh Nambiar leaves Cognizant to become president of NASSCOM. Varrier will be an Executive Vice President of Cognizant, reporting to Ravi Kumar S, Cognizant’s Chief Executive Officer. Varrier will be based in Bangalore, India.
“Rajesh Varrier is a respected, experienced executive whose operational rigor and entrepreneurial spirit aligns well with Cognizant. As we drive further operational excellence, efficiency and a sharp focus on execution into our business model, this role is a natural orchestration point for our India-based operations,” said Cognizant CEO Ravi Kumar S. “Additionally, the job of India Chair is deeply important to our culture and my years of working with Rajesh Varrier gives me great confidence that together, with our growing leadership team in India, we can continue to build upon our already strong foundation to be the employer of choice in India.”
As Global Head of Operations and Chairman & Managing Director, India, Varrier’s responsibilities will include operations, Delivery Excellence, workforce planning, India Leadership Council, expansion in India and other key responsibilities. Importantly, he will provide regional leadership for Cognizant’s India-based employees with a strong emphasis on driving company transformation programs, and representing the company as it executes its growth plan across India.
“Cognizant’s reputation is rooted in its talented associate base and the quality outcomes it delivers for its global clients,” said Varrier. “I’m thrilled to help accelerate the company’s growth journey, as leader of these critical business areas, and look forward to working with the amazing team the company has in place in India and globally.”
Prior to joining Cognizant, Rajesh Varrier served as EVP, Head of Global Services and Infosys Americas, as well as Global Head of Infosys’ Digital and Microsoft businesses. He also previously served as SVP of Digital Experience for the Microsoft business at Infosys. Before joining Infosys, Varrier was CIO and Digital officer for Aditya Birla Sun Life Insurance and founder of the analytics firm Activecubes. He holds both an undergraduate degree in Physics and a post-graduate degree in Computer Engineering from the University of Mumbai.
Current India Chair Rajesh Nambiar will leave Cognizant at the end of September to become president of NASSCOM. Kumar added, “I am excited to see Rajesh Nambiar’s appointment as the incoming president of NASSCOM, an organization Cognizant has partnered with for decades. Under his leadership we will continue to collaborate to further strengthen the Indian IT industry. I am equally excited for NASSCOM as they usher in their new leader. I wish Rajesh Nambiar success and look forward to working with him in his new role.”
“Cognizant will always have a special place in my heart and I am immensely proud of the remarkable achievements and resilience of our associates and leadership team,” stated Rajesh Nambiar, Chairman and Managing Director of Cognizant India. “I am honored and truly humbled to be appointed as the president of NASSCOM, an organization that has been instrumental in shaping the Indian IT industry. I look forward to collaborating with the entire IT ecosystem, including Cognizant, and am excited to contribute to the industry’s transformation and future growth.”
About CognizantCognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.
For more information, contact:
U.S.
Name Annette Busateri
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Europe / APAC
Name Christina Schneider
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India
Name Rashmi Vasisht
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