As per this Fact.MR study, the primary developments across the regulatory information management market are aided by regional and international authorities continuing to set the ever-changing reporting requirements. Furthermore, the need for proper RIM solution deployment is likely to surge, thereby, pushing demand for regulatory information management solutions. This new study titled “Regulatory Information Management Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029”, opines the expanse of regulatory information management market across diverse industry verticals. Readers are served with critical market aspects such as impact analysis, market dynamics, Y-o-Y analysis, market attractive index, market size (US$ Mn) and a lot more.
According to this research report, the regulatory information management (RIM) market is envisioned to exceed a revenue mark of US$ 893 Mn in 2019, details Fact.MR. It has been observed that growing requirement for seamless regulatory submission data as well as product labeling management related to enterprises is supporting the installation of regulatory information management software. In addition, extreme need of companies to reduce the ‘time to market’ (TTM) cycle is functioning as a significant factor providing a push to the evolution of regulatory information management market.
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Small and Medium Enterprises Showcase Higher Inclination towards Regulatory Information Management
The report discourses that a prominent number of small and medium enterprises are applying a broad regulatory information management platform with a purpose to eliminate different data hand-offs and for improved overall data visibility and quality. As per acquired statistics, global deployment of regulatory information management concerning small and medium enterprises surpassed US$ 513 Mn in 2018, and is projected to experience a robust yearly growth in 2019.
Progressing Regulatory Framework Prompting NPDs
At present, compliance modernization doesn’t exist as optional, since international authorities are continuously establishing new and often strenuous reporting requirements. Looking at the persistently changing regulatory standards, enterprises holding different verticals like pharmaceuticals, nutraceuticals and medical devices are expecting more from the software which assists them log and keep track of everything. This action has further augmented the trend of new product development (NPD) across the regulatory information management market.
North America Sustains as Bolstering Regional Market
With a stern outlook at the geographical market share, North America would function as the leading market for regulatory information management as a result of mounting stringency of rapidly changing rules imposed by several regulatory bodies across the region. Based on this Fact.MR study, services segment of regulatory information management would reinforce higher revenues in North America due to high quality assurance as well as support benefits presented by regulatory management organizations in North America.
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The final section of the report presents an in-depth analysis focusing at the competitive scenario prevailing across the global regulatory information management market. Some of the prime companies functioning across the target market include DXC Technology, IQVIA Holdings Inc., Lorenz Life Sciences, PAREXEL International, AMPLEXOR and Aris Global LLC. Each of these players are assessed in terms of offerings, key financials and key strategies. With such vast information, it becomes convenient for readers and new entrants to draw constructive conclusions.
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